Vident Advisory LLC Has $6.20 Million Position in Ameriprise Financial, Inc. $AMP

Vident Advisory LLC lowered its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 0.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,807 shares of the financial services provider’s stock after selling 23 shares during the period. Vident Advisory LLC’s holdings in Ameriprise Financial were worth $6,200,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AMP. GAMMA Investing LLC lifted its stake in shares of Ameriprise Financial by 49,248.9% in the 1st quarter. GAMMA Investing LLC now owns 2,114,108 shares of the financial services provider’s stock valued at $1,023,461,000 after purchasing an additional 2,109,824 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Ameriprise Financial by 21.3% in the 1st quarter. JPMorgan Chase & Co. now owns 5,824,915 shares of the financial services provider’s stock valued at $2,819,900,000 after purchasing an additional 1,023,002 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Ameriprise Financial in the 1st quarter valued at $469,334,000. Goldman Sachs Group Inc. lifted its stake in shares of Ameriprise Financial by 28.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,195,703 shares of the financial services provider’s stock valued at $578,852,000 after purchasing an additional 266,631 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Ameriprise Financial in the 4th quarter valued at $100,138,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

Insider Activity

In other news, CEO William F. Truscott sold 9,929 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $506.89, for a total transaction of $5,032,910.81. Following the transaction, the chief executive officer owned 11,047 shares in the company, valued at approximately $5,599,613.83. The trade was a 47.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.73% of the company’s stock.

Ameriprise Financial Stock Performance

Shares of AMP opened at $515.46 on Friday. The company has a market capitalization of $48.59 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 1.10 and a beta of 1.24. Ameriprise Financial, Inc. has a one year low of $396.14 and a one year high of $582.05. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.62 and a quick ratio of 0.62. The company’s fifty day moving average price is $521.88 and its 200 day moving average price is $505.58.

Ameriprise Financial (NYSE:AMP) last announced its earnings results on Thursday, July 24th. The financial services provider reported $9.11 EPS for the quarter, topping the consensus estimate of $9.00 by $0.11. Ameriprise Financial had a net margin of 18.30% and a return on equity of 65.90%. The firm had revenue of $4.49 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter last year, the firm posted $8.72 EPS. The business’s quarterly revenue was up 2.2% on a year-over-year basis. As a group, analysts expect that Ameriprise Financial, Inc. will post 38.64 earnings per share for the current year.

Ameriprise Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Monday, August 4th were issued a dividend of $1.60 per share. The ex-dividend date was Monday, August 4th. This represents a $6.40 annualized dividend and a dividend yield of 1.2%. Ameriprise Financial’s payout ratio is presently 19.91%.

Analysts Set New Price Targets

Several research firms recently issued reports on AMP. Raymond James Financial lifted their price objective on shares of Ameriprise Financial from $518.00 to $582.00 and gave the company a “strong-buy” rating in a research note on Friday, July 25th. Morgan Stanley lowered shares of Ameriprise Financial from an “equal weight” rating to an “underweight” rating and lifted their price objective for the company from $462.00 to $530.00 in a research note on Tuesday, July 15th. Wall Street Zen raised shares of Ameriprise Financial from a “sell” rating to a “hold” rating in a research note on Friday, May 30th. Royal Bank Of Canada lifted their price objective on shares of Ameriprise Financial from $595.00 to $601.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Ameriprise Financial from $520.00 to $550.00 and gave the stock a “market perform” rating in a report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $534.71.

Ameriprise Financial Profile

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.