Lyrical Asset Management LP increased its position in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 2.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,108,953 shares of the financial services provider’s stock after purchasing an additional 47,250 shares during the quarter. Ameriprise Financial makes up approximately 4.4% of Lyrical Asset Management LP’s investment portfolio, making the stock its 3rd largest position. Lyrical Asset Management LP owned about 1.43% of Ameriprise Financial worth $357,404,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the business. Gillson Capital LP raised its position in Ameriprise Financial by 40.6% in the 4th quarter. Gillson Capital LP now owns 96,622 shares of the financial services provider’s stock valued at $16,375,000 after purchasing an additional 27,885 shares in the last quarter. Profund Advisors LLC grew its stake in Ameriprise Financial by 35.5% during the 4th quarter. Profund Advisors LLC now owns 4,821 shares of the financial services provider’s stock worth $817,000 after buying an additional 1,262 shares during the last quarter. Nicholas Investment Partners LP grew its stake in Ameriprise Financial by 25.1% during the 4th quarter. Nicholas Investment Partners LP now owns 61,748 shares of the financial services provider’s stock worth $10,464,000 after buying an additional 12,382 shares during the last quarter. Tocqueville Asset Management L.P. grew its stake in Ameriprise Financial by 114.5% during the 4th quarter. Tocqueville Asset Management L.P. now owns 3,782 shares of the financial services provider’s stock worth $641,000 after buying an additional 2,019 shares during the last quarter. Finally, Focused Wealth Management Inc purchased a new position in shares of Ameriprise Financial in the 4th quarter valued at approximately $220,000. Institutional investors own 86.73% of the company’s stock.
Ameriprise Financial, Inc. (AMP) traded down $1.90 on Wednesday, hitting $157.01. The stock had a trading volume of 556,956 shares, compared to its average volume of 1,119,413. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.67 and a quick ratio of 0.67. Ameriprise Financial, Inc. has a one year low of $118.84 and a one year high of $183.90. The stock has a market capitalization of $23,395.59, a price-to-earnings ratio of 16.63 and a beta of 1.84.
Ameriprise Financial (NYSE:AMP) last posted its earnings results on Wednesday, January 24th. The financial services provider reported $1.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.08 by ($1.90). The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.05 billion. Ameriprise Financial had a return on equity of 31.03% and a net margin of 12.31%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.46 earnings per share. equities analysts expect that Ameriprise Financial, Inc. will post 14.43 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Friday, February 16th were given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date was Thursday, February 15th. Ameriprise Financial’s dividend payout ratio (DPR) is presently 35.17%.
In other news, EVP Deirdre Davey Mcgraw sold 5,500 shares of the business’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $174.04, for a total value of $957,220.00. Following the completion of the transaction, the executive vice president now owns 8,138 shares of the company’s stock, valued at approximately $1,416,337.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider David Kent Stewart sold 4,817 shares of the business’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $171.51, for a total transaction of $826,163.67. Following the completion of the transaction, the insider now directly owns 29,727 shares of the company’s stock, valued at approximately $5,098,477.77. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,077 shares of company stock valued at $7,931,285. Corporate insiders own 1.50% of the company’s stock.
Several equities analysts recently issued reports on AMP shares. Morgan Stanley lifted their price objective on Ameriprise Financial from $187.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. SunTrust Banks lifted their price objective on Ameriprise Financial to $180.00 and gave the company a “hold” rating in a research report on Friday, January 19th. Zacks Investment Research raised Ameriprise Financial from a “hold” rating to a “buy” rating and set a $195.00 price target for the company in a research report on Wednesday, January 10th. Royal Bank of Canada set a $168.00 target price on Ameriprise Financial and gave the stock a “hold” rating in a research report on Saturday, December 16th. Finally, ValuEngine cut Ameriprise Financial from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $173.67.
Ameriprise Financial Profile
Ameriprise Financial, Inc is a financial services company that offers financial solutions to individual and institutional clients. The Company operates in five segments: Advice & Wealth Management; Asset Management; Annuities; Protection, and Corporate & Other. The Company uses Ameriprise Financial as its enterprise brand, as well as the name of its advisor network and certain of its retail products and services.
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