Usca Ria LLC decreased its position in Ameriprise Financial, Inc. (NYSE:AMP) by 0.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,154 shares of the financial services provider’s stock after selling 136 shares during the quarter. Usca Ria LLC’s holdings in Ameriprise Financial were worth $3,216,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Ameriprise Financial by 22.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 984,359 shares of the financial services provider’s stock valued at $102,736,000 after acquiring an additional 181,115 shares during the period. Geode Capital Management LLC raised its stake in shares of Ameriprise Financial by 5.8% in the fourth quarter. Geode Capital Management LLC now owns 1,951,406 shares of the financial services provider’s stock valued at $203,334,000 after acquiring an additional 107,830 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Ameriprise Financial by 1.3% in the first quarter. Nisa Investment Advisors LLC now owns 61,837 shares of the financial services provider’s stock valued at $7,921,000 after acquiring an additional 770 shares during the period. IFM Investors Pty Ltd raised its stake in shares of Ameriprise Financial by 16.0% in the first quarter. IFM Investors Pty Ltd now owns 9,833 shares of the financial services provider’s stock valued at $1,260,000 after acquiring an additional 1,356 shares during the period. Finally, Gulf International Bank UK Ltd raised its stake in shares of Ameriprise Financial by 0.4% in the first quarter. Gulf International Bank UK Ltd now owns 32,118 shares of the financial services provider’s stock valued at $4,114,000 after acquiring an additional 136 shares during the period. Institutional investors own 82.85% of the company’s stock.

Shares of AMP traded up $3.59 during midday trading on Friday, hitting $126.34. The stock had a trading volume of 933,400 shares, compared to its average volume of 1,185,587. The stock’s 50 day moving average is $143.22 and its 200 day moving average is $139.33. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.78 and a quick ratio of 0.78. The firm has a market cap of $16.06 billion, a PE ratio of 8.46 and a beta of 1.80. Ameriprise Financial, Inc. has a 1 year low of $95.69 and a 1 year high of $153.91.

Ameriprise Financial (NYSE:AMP) last posted its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $4.06 EPS for the quarter, topping the Zacks’ consensus estimate of $4.00 by $0.06. The firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $2.93 billion. Ameriprise Financial had a net margin of 15.03% and a return on equity of 37.73%. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $3.60 earnings per share. As a group, equities research analysts expect that Ameriprise Financial, Inc. will post 16.06 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 5th were issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date was Friday, August 2nd. Ameriprise Financial’s payout ratio is presently 25.97%.

Several equities research analysts have recently weighed in on the stock. Barclays increased their target price on shares of Ameriprise Financial from $146.00 to $171.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Citigroup set a $178.00 target price on shares of Ameriprise Financial and gave the company a “buy” rating in a research note on Thursday, May 23rd. Credit Suisse Group raised shares of Ameriprise Financial from a “neutral” rating to an “outperform” rating and increased their target price for the company from $145.00 to $202.00 in a research note on Monday, May 13th. UBS Group reduced their target price on shares of Ameriprise Financial from $178.00 to $175.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. Finally, Argus assumed coverage on shares of Ameriprise Financial in a research note on Friday, July 5th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $176.50.

In other news, EVP Randy Kupper sold 5,160 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $150.38, for a total value of $775,960.80. Following the transaction, the executive vice president now directly owns 23,656 shares in the company, valued at $3,557,389.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.90% of the company’s stock.

About Ameriprise Financial

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 five segments: Advice & Wealth Management, Asset Management, Annuities, Protection, and Corporate & Other.

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

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