Ameriprise Financial, Inc. (AMP) Shares Sold by Pinebridge Investments L.P.

Pinebridge Investments L.P. cut its holdings in Ameriprise Financial, Inc. (NYSE:AMP) by 11.4% in the 4th quarter, Holdings Channel reports. The firm owned 103,137 shares of the financial services provider’s stock after selling 13,247 shares during the period. Pinebridge Investments L.P.’s holdings in Ameriprise Financial were worth $17,479,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of AMP. Victory Capital Management Inc. increased its position in shares of Ameriprise Financial by 499.6% in the third quarter. Victory Capital Management Inc. now owns 552,144 shares of the financial services provider’s stock valued at $81,999,000 after acquiring an additional 460,058 shares during the period. Canada Pension Plan Investment Board increased its position in shares of Ameriprise Financial by 147.7% during the third quarter. Canada Pension Plan Investment Board now owns 504,364 shares of the financial services provider’s stock valued at $74,903,000 after buying an additional 300,748 shares during the period. Renaissance Group LLC increased its position in shares of Ameriprise Financial by 12,127.8% during the third quarter. Renaissance Group LLC now owns 219,978 shares of the financial services provider’s stock valued at $32,669,000 after buying an additional 218,179 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Ameriprise Financial by 227.1% during the third quarter. BNP Paribas Arbitrage SA now owns 291,634 shares of the financial services provider’s stock valued at $43,311,000 after buying an additional 202,466 shares during the period. Finally, Point72 Asset Management L.P. purchased a new position in shares of Ameriprise Financial during the third quarter valued at about $22,262,000. 80.20% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently issued reports on AMP. Sandler O’Neill set a $165.00 price target on shares of Ameriprise Financial and gave the company a “hold” rating in a research report on Monday. Royal Bank of Canada set a $155.00 price target on shares of Ameriprise Financial and gave the company a “sector perform” rating in a research report on Wednesday, October 25th. ValuEngine cut shares of Ameriprise Financial from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Morgan Stanley boosted their price target on shares of Ameriprise Financial from $187.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, January 25th. Finally, SunTrust Banks boosted their price target on shares of Ameriprise Financial to $180.00 and gave the company a “hold” rating in a research report on Friday, January 19th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $164.98.

In other news, EVP Deirdre Davey Mcgraw sold 5,500 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 8,138 shares in the company, valued at $1,416,337.52. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider David Kent Stewart sold 603 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $160.72, for a total transaction of $96,914.16. Following the completion of the transaction, the insider now owns 20,081 shares in the company, valued at approximately $3,227,418.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,628 shares of company stock worth $8,570,993. Insiders own 1.50% of the company’s stock.

Shares of Ameriprise Financial, Inc. (AMP) opened at $160.55 on Thursday. The firm has a market cap of $23,168.79, a PE ratio of 17.01 and a beta of 1.85. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.85. Ameriprise Financial, Inc. has a fifty-two week low of $118.84 and a fifty-two week high of $183.90.

Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $1.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.08 by ($1.90). The business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.05 billion. Ameriprise Financial had a return on equity of 31.03% and a net margin of 12.31%. Ameriprise Financial’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.46 EPS. equities analysts expect that Ameriprise Financial, Inc. will post 14.43 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Friday, February 16th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $3.32 annualized dividend and a dividend yield of 2.07%. Ameriprise Financial’s dividend payout ratio is presently 35.17%.

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About Ameriprise Financial

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

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