Barclays PLC Has $161.83 Million Stock Position in Ameriprise Financial, Inc. $AMP

Barclays PLC reduced its holdings in Ameriprise Financial, Inc. (NYSE:AMP) by 14.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 329,419 shares of the financial services provider’s stock after selling 56,524 shares during the quarter. Barclays PLC owned about 0.35% of Ameriprise Financial worth $161,827,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AMP. Perennial Investment Advisors LLC boosted its holdings in shares of Ameriprise Financial by 14.1% during the 3rd quarter. Perennial Investment Advisors LLC now owns 487 shares of the financial services provider’s stock worth $239,000 after buying an additional 60 shares in the last quarter. Smith Moore & CO. increased its stake in shares of Ameriprise Financial by 6.7% in the 3rd quarter. Smith Moore & CO. now owns 730 shares of the financial services provider’s stock valued at $359,000 after acquiring an additional 46 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of Ameriprise Financial by 25.0% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 12,625 shares of the financial services provider’s stock valued at $6,202,000 after acquiring an additional 2,521 shares in the last quarter. Orion Porfolio Solutions LLC lifted its position in shares of Ameriprise Financial by 1.3% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 8,853 shares of the financial services provider’s stock valued at $4,349,000 after acquiring an additional 111 shares during the period. Finally, Integrated Quantitative Investments LLC acquired a new position in shares of Ameriprise Financial during the 3rd quarter valued at $957,000. 83.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on AMP shares. Weiss Ratings restated a “buy (b-)” rating on shares of Ameriprise Financial in a report on Monday, December 29th. Raymond James Financial set a $582.00 price objective on shares of Ameriprise Financial and gave the company a “strong-buy” rating in a report on Wednesday, February 11th. BMO Capital Markets reissued a “market perform” rating on shares of Ameriprise Financial in a research report on Tuesday. Jefferies Financial Group raised their target price on Ameriprise Financial from $600.00 to $620.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Finally, Argus decreased their target price on Ameriprise Financial from $568.00 to $554.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $555.67.

Insider Activity at Ameriprise Financial

In other Ameriprise Financial news, CEO William F. Truscott sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $532.08, for a total transaction of $2,660,400.00. Following the completion of the sale, the chief executive officer directly owned 12,149 shares of the company’s stock, valued at approximately $6,464,239.92. The trade was a 29.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Walter Stanley Berman sold 7,000 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $544.22, for a total value of $3,809,540.00. Following the completion of the sale, the chief financial officer directly owned 5,609 shares of the company’s stock, valued at approximately $3,052,529.98. This trade represents a 55.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 16,658 shares of company stock valued at $8,998,675. 0.73% of the stock is owned by corporate insiders.

Ameriprise Financial Stock Performance

Shares of AMP stock opened at $464.84 on Friday. The firm has a market capitalization of $42.38 billion, a PE ratio of 12.78, a price-to-earnings-growth ratio of 1.08 and a beta of 1.27. The firm has a fifty day simple moving average of $495.95 and a two-hundred day simple moving average of $487.09. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.86. Ameriprise Financial, Inc. has a 12 month low of $396.14 and a 12 month high of $550.18.

Ameriprise Financial (NYSE:AMP) last released its quarterly earnings data on Thursday, January 29th. The financial services provider reported $10.83 earnings per share for the quarter, topping the consensus estimate of $10.33 by $0.50. The firm had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.75 billion. Ameriprise Financial had a net margin of 19.28% and a return on equity of 63.04%. The business’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $9.54 earnings per share. Analysts forecast that Ameriprise Financial, Inc. will post 38.64 EPS for the current fiscal year.

Ameriprise Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 9th were issued a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, February 9th. Ameriprise Financial’s dividend payout ratio is currently 17.60%.

Ameriprise Financial Company 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.