Ameriprise Financial, Inc. $AMP Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC raised its holdings in Ameriprise Financial, Inc. (NYSE:AMP) by 19.9% during the 2nd quarter, Holdings Channel reports. The firm owned 22,597 shares of the financial services provider’s stock after purchasing an additional 3,754 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Ameriprise Financial were worth $12,077,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. BSN CAPITAL PARTNERS Ltd purchased a new stake in shares of Ameriprise Financial in the second quarter valued at about $100,000. Oak Ridge Investments LLC lifted its holdings in shares of Ameriprise Financial by 106.8% in the second quarter. Oak Ridge Investments LLC now owns 1,489 shares of the financial services provider’s stock valued at $794,000 after purchasing an additional 769 shares in the last quarter. Concurrent Investment Advisors LLC lifted its holdings in shares of Ameriprise Financial by 93.9% in the second quarter. Concurrent Investment Advisors LLC now owns 1,295 shares of the financial services provider’s stock valued at $691,000 after purchasing an additional 627 shares in the last quarter. Aberdeen Group plc lifted its holdings in shares of Ameriprise Financial by 12.0% in the second quarter. Aberdeen Group plc now owns 71,300 shares of the financial services provider’s stock valued at $38,055,000 after purchasing an additional 7,667 shares in the last quarter. Finally, PDS Planning Inc lifted its holdings in shares of Ameriprise Financial by 12.1% in the second quarter. PDS Planning Inc now owns 920 shares of the financial services provider’s stock valued at $491,000 after purchasing an additional 99 shares in the last quarter. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Ameriprise Financial Stock Performance

Shares of AMP opened at $479.75 on Monday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market capitalization of $45.23 billion, a price-to-earnings ratio of 14.93, a PEG ratio of 1.08 and a beta of 1.26. Ameriprise Financial, Inc. has a 1 year low of $396.14 and a 1 year high of $582.05. The company’s 50 day simple moving average is $500.39 and its 200 day simple moving average is $501.72.

Ameriprise Financial (NYSE:AMP) last posted its quarterly earnings results on Thursday, July 24th. The financial services provider reported $9.11 earnings per share for the quarter, topping analysts’ consensus estimates of $9.00 by $0.11. The company had revenue of $4.49 billion for the quarter, compared to the consensus estimate of $4.33 billion. Ameriprise Financial had a net margin of 18.30% and a return on equity of 65.90%. Ameriprise Financial’s revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $8.72 earnings per share. On average, sell-side analysts predict that Ameriprise Financial, Inc. will post 38.64 EPS for the current year.

Ameriprise Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, August 4th were paid a dividend of $1.60 per share. The ex-dividend date of this dividend was Monday, August 4th. This represents a $6.40 dividend on an annualized basis and a yield of 1.3%. Ameriprise Financial’s dividend payout ratio (DPR) is currently 19.91%.

Wall Street Analyst Weigh In

AMP has been the topic of several recent research reports. Raymond James Financial upped their price target on shares of Ameriprise Financial from $518.00 to $582.00 and gave the company a “strong-buy” rating in a report on Friday, July 25th. Royal Bank Of Canada upped their price objective on shares of Ameriprise Financial from $595.00 to $601.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Keefe, Bruyette & Woods upped their price objective on shares of Ameriprise Financial from $520.00 to $550.00 and gave the company a “market perform” rating in a research note on Wednesday, July 9th. Evercore ISI reduced their price objective on shares of Ameriprise Financial from $587.00 to $570.00 and set an “in-line” rating on the stock in a research note on Thursday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Ameriprise Financial in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Ameriprise Financial has a consensus rating of “Hold” and an average price target of $539.50.

Insider Buying and Selling

In other Ameriprise Financial news, CEO William F. Truscott sold 9,929 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $506.89, for a total transaction of $5,032,910.81. Following the transaction, the chief executive officer owned 11,047 shares of the company’s stock, valued at $5,599,613.83. This trade represents a 47.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Heather J. Melloh sold 1,500 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $512.34, for a total transaction of $768,510.00. Following the transaction, the executive vice president directly owned 2,562 shares in the company, valued at approximately $1,312,615.08. This represents a 36.93% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.

Ameriprise Financial Profile

Ameriprise Financial, Inc, together with its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through four segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other.