Impact Investors Inc Sells 36 Shares of Ameriprise Financial, Inc. $AMP

Impact Investors Inc lessened its holdings in Ameriprise Financial, Inc. (NYSE:AMP) by 1.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,089 shares of the financial services provider’s stock after selling 36 shares during the quarter. Ameriprise Financial makes up 1.2% of Impact Investors Inc’s holdings, making the stock its 20th largest holding. Impact Investors Inc’s holdings in Ameriprise Financial were worth $1,649,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. JPMorgan Chase & Co. grew its position in 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 acquiring an additional 1,023,002 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Ameriprise Financial by 55.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,244,788 shares of the financial services provider’s stock valued at $1,086,724,000 after acquiring an additional 796,925 shares during the last quarter. Goldman Sachs Group Inc. grew its position in 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 acquiring an additional 266,631 shares during the last quarter. Nuveen LLC bought a new position in Ameriprise Financial in the 1st quarter valued at $469,334,000. Finally, Royal Bank of Canada lifted its holdings in shares of Ameriprise Financial by 1.1% in the 1st quarter. Royal Bank of Canada now owns 733,036 shares of the financial services provider’s stock worth $354,870,000 after buying an additional 7,840 shares during the period. Institutional investors own 83.95% of the company’s stock.

Ameriprise Financial Trading Up 0.2%

Shares of NYSE:AMP opened at $491.67 on Friday. Ameriprise Financial, Inc. has a 52-week low of $396.14 and a 52-week high of $582.05. The stock has a market cap of $46.35 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 1.11 and a beta of 1.26. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.95. The business has a 50-day moving average price of $502.93 and a 200-day moving average price of $502.10.

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

Ameriprise Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, August 4th were issued a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, August 4th. Ameriprise Financial’s dividend payout ratio (DPR) is 19.91%.

Insider Activity

In related news, CEO William F. Truscott sold 9,929 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $506.89, for a total transaction of $5,032,910.81. Following the sale, the chief executive officer directly owned 11,047 shares of the company’s stock, valued at $5,599,613.83. This trade represents a 47.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Heather J. Melloh sold 1,500 shares of the firm’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $512.34, for a total value of $768,510.00. Following the sale, the executive vice president directly owned 2,562 shares in the company, valued at approximately $1,312,615.08. This trade represents a 36.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.73% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. William Blair cut Ameriprise Financial from an “outperform” rating to a “market perform” rating in a report on Friday, July 25th. Morgan Stanley decreased their price objective on Ameriprise Financial from $530.00 to $484.00 and set an “underweight” rating for the company in a research note on Wednesday. BMO Capital Markets initiated coverage on Ameriprise Financial in a research note on Friday. They set a “market perform” rating and a $525.00 price objective for the company. Keefe, Bruyette & Woods upped their price objective on Ameriprise Financial from $520.00 to $550.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 9th. Finally, Raymond James Financial increased their price target on Ameriprise Financial from $518.00 to $582.00 and gave the company a “strong-buy” rating in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Ameriprise Financial presently has an average rating of “Hold” and a consensus price target of $535.14.

Ameriprise Financial Company 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.