Ameriprise Financial Services, Inc. (AMP) Shares Bought by Nordea Investment Management AB
Nordea Investment Management AB increased its position in Ameriprise Financial Services, Inc. (NYSE:AMP) by 27.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,579 shares of the financial services provider’s stock after buying an additional 1,827 shares during the quarter. Nordea Investment Management AB’s holdings in Ameriprise Financial Services were worth $1,274,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. IHT Wealth Management LLC raised its position in shares of Ameriprise Financial Services by 284.0% during the second quarter. IHT Wealth Management LLC now owns 311 shares of the financial services provider’s stock worth $113,000 after purchasing an additional 230 shares during the period. Parallel Advisors LLC raised its position in Ameriprise Financial Services by 17.5% during the second quarter. Parallel Advisors LLC now owns 777 shares of the financial services provider’s stock valued at $113,000 after buying an additional 116 shares during the period. Sun Life Financial INC raised its position in Ameriprise Financial Services by 10,100.0% during the second quarter. Sun Life Financial INC now owns 1,122 shares of the financial services provider’s stock valued at $143,000 after buying an additional 1,111 shares during the period. Johnson Financial Group Inc. raised its position in Ameriprise Financial Services by 3.3% during the second quarter. Johnson Financial Group Inc. now owns 1,181 shares of the financial services provider’s stock valued at $150,000 after buying an additional 38 shares during the period. Finally, Wesbanco Bank Inc. acquired a new position in Ameriprise Financial Services during the third quarter valued at $200,000. Institutional investors and hedge funds own 81.74% of the company’s stock.
In other news, insider John Robert Woerner sold 9,022 shares of the company’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $160.91, for a total transaction of $1,451,730.02. Following the completion of the sale, the insider now owns 43,167 shares in the company, valued at approximately $6,946,001.97. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Charles Neal Maglaque sold 1,754 shares of the stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $161.01, for a total value of $282,411.54. Following the sale, the chief operating officer now owns 14,697 shares of the company’s stock, valued at approximately $2,366,363.97. The disclosure for this sale can be found here. In the last quarter, insiders have sold 60,320 shares of company stock valued at $9,640,592. 1.50% of the stock is currently owned by corporate insiders.
Several research analysts recently weighed in on AMP shares. Zacks Investment Research raised Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $167.00 price target on the stock in a research report on Thursday, October 5th. Morgan Stanley upped their price target on Ameriprise Financial Services from $152.00 to $162.00 and gave the company an “overweight” rating in a research report on Thursday, October 5th. Royal Bank Of Canada set a $149.00 price target on Ameriprise Financial Services and gave the company a “hold” rating in a research report on Wednesday, October 18th. SunTrust Banks upped their price target on Ameriprise Financial Services from $140.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Finally, Barclays restated an “equal weight” rating on shares of Ameriprise Financial Services in a research note on Monday, October 2nd. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $154.20.
Shares of Ameriprise Financial Services, Inc. (NYSE:AMP) opened at $169.86 on Friday. The stock has a market capitalization of $24,793.07, a PE ratio of 14.25 and a beta of 1.93. Ameriprise Financial Services, Inc. has a 52 week low of $109.19 and a 52 week high of $169.94. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.67 and a current ratio of 0.67.
Ameriprise Financial Services (NYSE:AMP) last released its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $3.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.79 by $0.33. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.97 billion. Ameriprise Financial Services had a return on equity of 29.75% and a net margin of 14.24%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.29 EPS. research analysts expect that Ameriprise Financial Services, Inc. will post 12.14 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Monday, November 6th were paid a dividend of $0.83 per share. The ex-dividend date was Friday, November 3rd. This represents a $3.32 annualized dividend and a dividend yield of 1.95%. Ameriprise Financial Services’s dividend payout ratio (DPR) is presently 30.97%.
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About Ameriprise Financial Services
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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