Ameriprise Financial, Inc. (NYSE:AMP) Stock Holdings Increased by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lifted its stake in Ameriprise Financial, Inc. (NYSE:AMP) by 3.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,377 shares of the financial services provider’s stock after purchasing an additional 254 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Ameriprise Financial were worth $3,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Signaturefd LLC lifted its position in shares of Ameriprise Financial by 1.1% in the first quarter. Signaturefd LLC now owns 2,296 shares of the financial services provider’s stock worth $1,007,000 after purchasing an additional 26 shares in the last quarter. Aua Capital Management LLC lifted its position in shares of Ameriprise Financial by 4.7% in the first quarter. Aua Capital Management LLC now owns 604 shares of the financial services provider’s stock worth $265,000 after purchasing an additional 27 shares in the last quarter. Resonant Capital Advisors LLC lifted its position in shares of Ameriprise Financial by 4.7% in the first quarter. Resonant Capital Advisors LLC now owns 619 shares of the financial services provider’s stock worth $271,000 after purchasing an additional 28 shares in the last quarter. PDS Planning Inc lifted its position in shares of Ameriprise Financial by 3.7% in the first quarter. PDS Planning Inc now owns 775 shares of the financial services provider’s stock worth $340,000 after purchasing an additional 28 shares in the last quarter. Finally, Meeder Advisory Services Inc. lifted its position in shares of Ameriprise Financial by 1.1% in the fourth quarter. Meeder Advisory Services Inc. now owns 2,969 shares of the financial services provider’s stock worth $1,128,000 after purchasing an additional 31 shares in the last quarter. 83.95% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ameriprise Financial

In other news, Director Robert Francis Sharpe, Jr. sold 1,500 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $438.07, for a total value of $657,105.00. Following the sale, the director now owns 11,000 shares in the company, valued at $4,818,770. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.73% of the stock is currently owned by corporate insiders.

Ameriprise Financial Stock Performance

Shares of NYSE:AMP traded down $7.10 during trading on Friday, reaching $410.89. The stock had a trading volume of 593,770 shares, compared to its average volume of 483,848. Ameriprise Financial, Inc. has a 52 week low of $306.63 and a 52 week high of $449.94. The firm has a market capitalization of $40.81 billion, a price-to-earnings ratio of 14.03, a P/E/G ratio of 0.66 and a beta of 1.37. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.13. The stock has a fifty day simple moving average of $433.01 and a two-hundred day simple moving average of $415.77.

Ameriprise Financial (NYSE:AMP) last released its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $8.39 EPS for the quarter, beating analysts’ consensus estimates of $8.10 by $0.29. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.15 billion. Ameriprise Financial had a net margin of 19.42% and a return on equity of 75.97%. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the firm posted $7.25 earnings per share. As a group, analysts anticipate that Ameriprise Financial, Inc. will post 34.91 earnings per share for the current fiscal year.

Ameriprise Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Monday, May 6th were paid a $1.48 dividend. This is an increase from Ameriprise Financial’s previous quarterly dividend of $1.35. The ex-dividend date was Friday, May 3rd. This represents a $5.92 annualized dividend and a dividend yield of 1.44%. Ameriprise Financial’s dividend payout ratio (DPR) is presently 20.15%.

Analysts Set New Price Targets

Several brokerages recently weighed in on AMP. UBS Group cut their price objective on shares of Ameriprise Financial from $500.00 to $495.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Royal Bank of Canada raised their price objective on shares of Ameriprise Financial from $470.00 to $480.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Evercore ISI raised their price objective on shares of Ameriprise Financial from $400.00 to $445.00 and gave the company an “in-line” rating in a research report on Thursday, April 11th. Raymond James began coverage on shares of Ameriprise Financial in a research report on Thursday, March 21st. They set a “market perform” rating on the stock. Finally, Morgan Stanley raised their price objective on shares of Ameriprise Financial from $400.00 to $437.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Ameriprise Financial presently has an average rating of “Hold” and an average target price of $462.89.

About Ameriprise Financial

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.