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.
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.
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.
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