Montecito Bank & Trust raised its holdings in Ameriprise Financial, Inc. (NYSE:AMP) by 8.8% during the 4th quarter, Holdings Channel reports. The fund owned 3,588 shares of the financial services provider’s stock after buying an additional 289 shares during the period. Montecito Bank & Trust’s holdings in Ameriprise Financial were worth $374,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Redpoint Investment Management Pty Ltd lifted its holdings in shares of Ameriprise Financial by 9.4% in the 4th quarter. Redpoint Investment Management Pty Ltd now owns 34,379 shares of the financial services provider’s stock worth $3,588,000 after buying an additional 2,958 shares during the period. Chicago Equity Partners LLC lifted its holdings in shares of Ameriprise Financial by 51.3% in the 4th quarter. Chicago Equity Partners LLC now owns 12,728 shares of the financial services provider’s stock worth $1,328,000 after buying an additional 4,318 shares during the period. Pinnacle Associates Ltd. purchased a new stake in shares of Ameriprise Financial in the 4th quarter worth $208,000. Alps Advisors Inc. lifted its holdings in shares of Ameriprise Financial by 3.7% in the 4th quarter. Alps Advisors Inc. now owns 8,709 shares of the financial services provider’s stock worth $909,000 after buying an additional 311 shares during the period. Finally, Southside Capital LLC purchased a new stake in shares of Ameriprise Financial during the 4th quarter worth $5,437,000. 83.32% of the stock is currently owned by institutional investors.

Shares of NYSE AMP opened at $125.95 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.68 and a quick ratio of 0.66. The firm has a market cap of $17.54 billion, a P/E ratio of 8.43 and a beta of 1.89. Ameriprise Financial, Inc. has a 1-year low of $95.69 and a 1-year high of $163.88.

Ameriprise Financial (NYSE:AMP) last released its quarterly earnings results on Wednesday, January 30th. The financial services provider reported $3.80 EPS for the quarter, beating analysts’ consensus estimates of $3.68 by $0.12. Ameriprise Financial had a return on equity of 38.65% and a net margin of 16.35%. The company had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same period last year, the business posted $1.18 earnings per share. The firm’s revenue was up .0% compared to the same quarter last year. As a group, equities analysts forecast that Ameriprise Financial, Inc. will post 15.7 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 28th. Shareholders of record on Friday, February 15th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date is Thursday, February 14th. Ameriprise Financial’s dividend payout ratio (DPR) is presently 24.10%.

AMP has been the subject of a number of analyst reports. Sandler O’Neill upgraded Ameriprise Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd. UBS Group decreased their price objective on Ameriprise Financial from $204.00 to $186.00 and set a “buy” rating for the company in a research note on Wednesday, October 24th. Zacks Investment Research upgraded Ameriprise Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Royal Bank of Canada set a $148.00 price objective on Ameriprise Financial and gave the stock a “hold” rating in a research note on Wednesday, October 24th. Finally, Morgan Stanley decreased their price objective on Ameriprise Financial from $177.00 to $170.00 and set an “overweight” rating for the company in a research note on Tuesday, November 13th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. Ameriprise Financial presently has an average rating of “Hold” and a consensus price target of $152.38.

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Ameriprise Financial Profile

Ameriprise Financial, Inc, through its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through Advice & Wealth Management, Asset Management, Annuities, and Protection segments. The Advice & Wealth Management segment provides financial planning and advice, as well as full-service brokerage services primarily to retail clients through its advisors.

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

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