Ameriprise Financial Inc. Has $15,229,000 Stake in Motorola Solutions, Inc. (MSI)
Ameriprise Financial Inc. boosted its position in Motorola Solutions, Inc. (NYSE:MSI) by 21.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 200,262 shares of the company’s stock after buying an additional 35,742 shares during the period. Ameriprise Financial Inc.’s holdings in Motorola Solutions were worth $15,229,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Todd Asset Management LLC purchased a new stake in Motorola Solutions during the second quarter worth $12,006,000. Tocqueville Asset Management L.P. increased its stake in Motorola Solutions by 15.7% in the second quarter. Tocqueville Asset Management L.P. now owns 8,870 shares of the company’s stock worth $585,000 after buying an additional 1,206 shares during the period. Wedge Capital Management L L P NC increased its stake in Motorola Solutions by 20.4% in the second quarter. Wedge Capital Management L L P NC now owns 582,556 shares of the company’s stock worth $38,431,000 after buying an additional 98,771 shares during the period. Nordea Investment Management AB increased its stake in Motorola Solutions by 4.9% in the second quarter. Nordea Investment Management AB now owns 5,261 shares of the company’s stock worth $347,000 after buying an additional 248 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in Motorola Solutions by 2.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 502,074 shares of the company’s stock worth $33,122,000 after buying an additional 11,602 shares during the period. 83.97% of the stock is currently owned by institutional investors and hedge funds.
Motorola Solutions, Inc. (NYSE:MSI) opened at 82.27 on Friday. The firm has a market capitalization of $13.65 billion, a P/E ratio of 24.28 and a beta of 0.44. The stock has a 50 day moving average price of $82.55 and a 200 day moving average price of $75.94. Motorola Solutions, Inc. has a one year low of $59.13 and a one year high of $87.55.
Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, November 3rd. The company reported $1.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.17. The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Motorola Solutions had a net margin of 10.19% and a negative return on equity of 190.73%. Motorola Solutions’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 EPS. On average, equities analysts predict that Motorola Solutions, Inc. will post $4.76 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Thursday, December 15th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.29%. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Tuesday, December 13th. Motorola Solutions’s dividend payout ratio is presently 55.13%.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research downgraded Motorola Solutions from a “buy” rating to a “sell” rating in a research report on Wednesday, January 4th. Credit Suisse Group reissued a “buy” rating and set a $80.00 target price on shares of Motorola Solutions in a research report on Friday, November 4th. Finally, BMO Capital Markets raised Motorola Solutions from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $72.00 to $84.00 in a research report on Wednesday, October 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. Motorola Solutions presently has an average rating of “Hold” and a consensus price target of $76.00.
In other news, Chairman Gregory Q. Brown sold 95,235 shares of the company’s stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $82.40, for a total value of $7,847,364.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.55% of the stock is currently owned by insiders.
Motorola Solutions Company Profile
Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. Its Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines, including Devices and Systems.
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