Tdam USA Inc. lessened its position in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 15.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,080 shares of the financial services provider’s stock after selling 7,322 shares during the quarter. Tdam USA Inc.’s holdings in Ameriprise Financial were worth $5,818,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Ceredex Value Advisors LLC bought a new stake in shares of Ameriprise Financial in the 1st quarter valued at approximately $68,393,000. Dimensional Fund Advisors LP lifted its stake in shares of Ameriprise Financial by 22.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 984,359 shares of the financial services provider’s stock valued at $102,736,000 after purchasing an additional 181,115 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Ameriprise Financial by 30.0% in the 1st quarter. Bank of Montreal Can now owns 760,086 shares of the financial services provider’s stock valued at $97,368,000 after purchasing an additional 175,580 shares during the last quarter. Pennsylvania Trust Co lifted its stake in shares of Ameriprise Financial by 434.2% in the 1st quarter. Pennsylvania Trust Co now owns 136,749 shares of the financial services provider’s stock valued at $21,890,000 after purchasing an additional 111,149 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Ameriprise Financial by 5.8% in the 4th quarter. Geode Capital Management LLC now owns 1,951,406 shares of the financial services provider’s stock valued at $203,334,000 after purchasing an additional 107,830 shares during the last quarter. Institutional investors and hedge funds own 82.85% of the company’s stock.

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

A number of equities research analysts recently issued reports on AMP shares. ValuEngine lowered Ameriprise Financial from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Zacks Investment Research raised Ameriprise Financial from a “hold” rating to a “buy” rating and set a $164.00 price target for the company in a research note on Tuesday, April 30th. Argus started coverage on Ameriprise Financial in a research note on Friday, July 5th. They set a “buy” rating for the company. Barclays raised their price target on Ameriprise Financial from $146.00 to $171.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Finally, UBS Group decreased their price target on Ameriprise Financial from $178.00 to $175.00 and set a “buy” rating for the company in a research note on Friday, July 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $173.56.

NYSE AMP traded up $3.26 on Tuesday, reaching $128.74. 99,876 shares of the stock traded hands, compared to its average volume of 977,053. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.80. The stock’s fifty day simple moving average is $144.86. The company has a market cap of $16.78 billion, a P/E ratio of 8.61 and a beta of 1.80. Ameriprise Financial, Inc. has a 12 month low of $95.69 and a 12 month high of $153.91.

Ameriprise Financial (NYSE:AMP) last issued its earnings results on Wednesday, July 24th. The financial services provider reported $4.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.00 by $0.06. The business had revenue of $3.25 billion during the quarter, compared to analyst estimates of $2.93 billion. Ameriprise Financial had a return on equity of 37.73% and a net margin of 15.03%. Ameriprise Financial’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $3.60 EPS. Equities analysts anticipate that Ameriprise Financial, Inc. will post 16.06 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Monday, August 5th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date is Friday, August 2nd. Ameriprise Financial’s dividend payout ratio (DPR) is presently 25.97%.

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 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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