Ameriprise Financial, Inc. $AMP Stake Trimmed by Copeland Capital Management LLC

Copeland Capital Management LLC cut its position in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 4.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,602 shares of the financial services provider’s stock after selling 1,652 shares during the quarter. Copeland Capital Management LLC’s holdings in Ameriprise Financial were worth $16,999,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its position in shares of Ameriprise Financial by 6.9% in the 4th quarter. Brighton Jones LLC now owns 777 shares of the financial services provider’s stock valued at $413,000 after acquiring an additional 50 shares in the last quarter. Jump Financial LLC lifted its holdings in shares of Ameriprise Financial by 43.7% in the first quarter. Jump Financial LLC now owns 789 shares of the financial services provider’s stock valued at $382,000 after purchasing an additional 240 shares in the last quarter. CreativeOne Wealth LLC lifted its holdings in shares of Ameriprise Financial by 9.6% in the first quarter. CreativeOne Wealth LLC now owns 911 shares of the financial services provider’s stock valued at $441,000 after purchasing an additional 80 shares in the last quarter. Trexquant Investment LP boosted its position in shares of Ameriprise Financial by 107.6% in the first quarter. Trexquant Investment LP now owns 7,032 shares of the financial services provider’s stock worth $3,404,000 after buying an additional 3,644 shares during the period. Finally, State of Wyoming grew its holdings in shares of Ameriprise Financial by 7.3% during the first quarter. State of Wyoming now owns 398 shares of the financial services provider’s stock valued at $193,000 after buying an additional 27 shares in the last quarter. 83.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on AMP shares. Keefe, Bruyette & Woods dropped their target price on Ameriprise Financial from $550.00 to $530.00 and set a “market perform” rating on the stock in a report on Monday, November 3rd. BMO Capital Markets assumed coverage on shares of Ameriprise Financial in a research note on Friday, October 3rd. They issued a “market perform” rating and a $525.00 price objective on the stock. Argus decreased their target price on shares of Ameriprise Financial from $568.00 to $554.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Morgan Stanley boosted their price target on shares of Ameriprise Financial from $484.00 to $485.00 and gave the company an “underweight” rating in a report on Monday, December 22nd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Ameriprise Financial in a report on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $533.33.

Insider Buying and Selling at Ameriprise Financial

In related news, Director Robert Francis Sharpe, Jr. sold 1,500 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $450.94, for a total transaction of $676,410.00. Following the completion of the sale, the director directly owned 7,500 shares of the company’s stock, valued at approximately $3,382,050. This represents a 16.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.57% of the company’s stock.

Ameriprise Financial Trading Down 0.9%

Ameriprise Financial stock opened at $497.23 on Tuesday. Ameriprise Financial, Inc. has a one year low of $396.14 and a one year high of $582.05. The company’s fifty day moving average price is $471.10 and its two-hundred day moving average price is $495.67. The company has a market capitalization of $46.20 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 1.34 and a beta of 1.26. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.68 and a quick ratio of 0.68.

Ameriprise Financial (NYSE:AMP) last released its quarterly earnings results on Thursday, October 30th. The financial services provider reported $9.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.76 by $0.16. Ameriprise Financial had a return on equity of 64.97% and a net margin of 20.12%.The company had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.51 billion. During the same quarter in the prior year, the company posted $9.02 EPS. The firm’s revenue was up 9.0% on a year-over-year basis. On average, analysts forecast that Ameriprise Financial, Inc. will post 38.64 earnings per share for the current fiscal year.

Ameriprise Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Monday, November 10th were given a $1.60 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.3%. Ameriprise Financial’s dividend payout ratio (DPR) is currently 17.55%.

Ameriprise Financial Profile

Ameriprise Financial, Inc is a diversified financial services company headquartered in Minneapolis, Minnesota. The firm provides a range of advice-based wealth management, asset management and insurance products to individual and institutional clients. Its business model centers on delivering financial planning and investment advice through a network of financial advisors alongside proprietary product offerings designed to meet retirement, protection and accumulation needs.

Core products and services include comprehensive financial planning and advisory services, managed investment portfolios, retirement planning solutions, annuities and life insurance products.