Ameriprise Financial, Inc. (AMP) Position Cut by WINTON GROUP Ltd
WINTON GROUP Ltd reduced its position in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,992 shares of the financial services provider’s stock after selling 653 shares during the period. WINTON GROUP Ltd’s holdings in Ameriprise Financial were worth $8,981,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in AMP. Carillon Tower Advisers Inc. acquired a new stake in Ameriprise Financial during the fourth quarter worth about $54,782,000. Renaissance Group LLC increased its position in 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 worth $32,669,000 after purchasing an additional 218,179 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in 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 worth $43,311,000 after purchasing an additional 202,466 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Ameriprise Financial during the third quarter worth about $22,262,000. Finally, Allianz Asset Management GmbH increased its position in Ameriprise Financial by 19.0% during the fourth quarter. Allianz Asset Management GmbH now owns 936,100 shares of the financial services provider’s stock worth $158,640,000 after purchasing an additional 149,566 shares during the last quarter. Hedge funds and other institutional investors own 80.51% of the company’s stock.
Shares of Ameriprise Financial, Inc. (NYSE AMP) opened at $150.91 on Friday. Ameriprise Financial, Inc. has a 12-month low of $118.84 and a 12-month high of $183.90. The firm has a market cap of $22,082.96, a PE ratio of 12.28 and a beta of 1.84. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.67 and a current ratio of 0.67.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders 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 dividend yield of 2.20%. The ex-dividend date of this dividend was Thursday, February 15th. Ameriprise Financial’s dividend payout ratio is presently 35.17%.
Several equities research analysts recently issued reports on AMP shares. Zacks Investment Research upgraded shares of Ameriprise Financial from a “hold” rating to a “buy” rating and set a $195.00 price objective for the company in a research report on Wednesday, January 10th. Deutsche Bank started coverage on shares of Ameriprise Financial in a research report on Friday. They set a “buy” rating for the company. Morgan Stanley raised their price objective on shares of Ameriprise Financial from $187.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, January 25th. UBS Group started coverage on shares of Ameriprise Financial in a research report on Friday. They set a “buy” rating and a $217.00 price objective for the company. Finally, ValuEngine cut shares of Ameriprise Financial from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $173.67.
In other Ameriprise Financial news, CEO William F. Truscott sold 31,379 shares of Ameriprise Financial stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $173.64, for a total transaction of $5,448,649.56. Following the completion of the sale, the chief executive officer now directly owns 67,058 shares in the company, valued at $11,643,951.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David Kent Stewart sold 4,817 shares of Ameriprise Financial stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $171.51, for a total transaction of $826,163.67. Following the sale, the insider now owns 29,727 shares of the company’s stock, valued at $5,098,477.77. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,406 shares of company stock valued at $9,173,330. Company insiders own 1.50% of the company’s stock.
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Ameriprise Financial Company 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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