Ameriprise Financial, Inc. (AMP) Shares Bought by National Pension Service

Share on StockTwits

National Pension Service increased its position in Ameriprise Financial, Inc. (NYSE:AMP) by 1.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 170,141 shares of the financial services provider’s stock after buying an additional 2,737 shares during the period. National Pension Service’s holdings in Ameriprise Financial were worth $25,123,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Capital Guardian Trust Co. purchased a new stake in shares of Ameriprise Financial in the third quarter worth about $107,000. Valeo Financial Advisors LLC lifted its position in shares of Ameriprise Financial by 56.7% in the second quarter. Valeo Financial Advisors LLC now owns 1,075 shares of the financial services provider’s stock worth $147,000 after buying an additional 389 shares in the last quarter. Osborn Williams & Donohoe LLC purchased a new stake in shares of Ameriprise Financial in the third quarter worth about $200,000. Becker Capital Management Inc. purchased a new stake in shares of Ameriprise Financial in the third quarter worth about $201,000. Finally, IFG Advisory LLC purchased a new stake in shares of Ameriprise Financial in the third quarter worth about $207,000. Institutional investors own 81.51% of the company’s stock.

Shares of AMP stock opened at $110.19 on Friday. Ameriprise Financial, Inc. has a 1 year low of $109.87 and a 1 year high of $183.90. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.75. The company has a market cap of $15.36 billion, a price-to-earnings ratio of 8.98 and a beta of 1.78.

Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings data on Tuesday, October 23rd. The financial services provider reported $4.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.68 by $0.37. Ameriprise Financial had a return on equity of 37.21% and a net margin of 13.58%. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the prior year, the business posted $3.12 earnings per share. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts anticipate that Ameriprise Financial, Inc. will post 15.04 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 16th. Shareholders of record on Monday, November 5th were given a dividend of $0.90 per share. The ex-dividend date of this dividend was Friday, November 2nd. This represents a $3.60 dividend on an annualized basis and a yield of 3.27%. Ameriprise Financial’s dividend payout ratio (DPR) is presently 29.34%.

AMP has been the topic of a number of research analyst reports. UBS Group decreased their target price on Ameriprise Financial from $204.00 to $186.00 and set a “buy” rating on the stock in a research report on Wednesday, October 24th. Zacks Investment Research upgraded Ameriprise Financial from a “hold” rating to a “buy” rating and set a $169.00 target price on the stock in a research report on Friday, October 5th. ValuEngine upgraded Ameriprise Financial from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Royal Bank of Canada set a $160.00 target price on Ameriprise Financial and gave the stock a “hold” rating in a research report on Friday, October 12th. Finally, Morgan Stanley decreased their target price on Ameriprise Financial from $177.00 to $170.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. Ameriprise Financial currently has a consensus rating of “Hold” and an average price target of $160.38.

COPYRIGHT VIOLATION WARNING: This piece of content was published by BBNS and is owned by of BBNS. If you are viewing this piece of content on another domain, it was stolen and republished in violation of U.S. & international trademark and copyright legislation. The original version of this piece of content can be accessed at https://baseballnewssource.com/2018/12/16/ameriprise-financial-inc-amp-shares-bought-by-national-pension-service/3085016.html.

About Ameriprise Financial

Ameriprise Financial, Inc, through its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through Advice & Wealth Management, Asset Management, Annuities, and Protection segments. The Advice & Wealth Management segment provides financial planning and advice, as well as full-service brokerage services primarily to retail clients through its advisors.

Read More: Rule of 72

Want to see what other hedge funds are holding AMP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ameriprise Financial, Inc. (NYSE:AMP).

Institutional Ownership by Quarter for Ameriprise Financial (NYSE:AMP)

Receive News & Ratings for Ameriprise Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameriprise Financial and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2019 BBNS.