Vontobel Holding Ltd. Has $4.37 Million Position in Ameriprise Financial, Inc. $AMP

Vontobel Holding Ltd. boosted its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 17.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,886 shares of the financial services provider’s stock after acquiring an additional 1,289 shares during the quarter. Vontobel Holding Ltd.’s holdings in Ameriprise Financial were worth $4,365,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in AMP. Whipplewood Advisors LLC increased its stake in shares of Ameriprise Financial by 71.0% during the 2nd quarter. Whipplewood Advisors LLC now owns 53 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 22 shares during the last quarter. Wealth Preservation Advisors LLC bought a new stake in Ameriprise Financial in the first quarter worth $29,000. TD Capital Management LLC boosted its holdings in Ameriprise Financial by 566.7% in the first quarter. TD Capital Management LLC now owns 60 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 51 shares in the last quarter. Salomon & Ludwin LLC increased its position in Ameriprise Financial by 115.4% during the second quarter. Salomon & Ludwin LLC now owns 56 shares of the financial services provider’s stock worth $30,000 after buying an additional 30 shares during the last quarter. Finally, Winnow Wealth LLC bought a new position in Ameriprise Financial during the second quarter valued at about $32,000. 83.95% of the stock is owned by institutional investors.

Ameriprise Financial Stock Performance

AMP opened at $500.97 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.88. The stock’s 50 day moving average price is $469.98 and its two-hundred day moving average price is $496.20. The firm has a market capitalization of $46.55 billion, a P/E ratio of 13.74, a price-to-earnings-growth ratio of 1.34 and a beta of 1.26. Ameriprise Financial, Inc. has a 12-month low of $396.14 and a 12-month high of $582.05.

Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings results on Thursday, October 30th. The financial services provider reported $9.92 EPS for the quarter, topping analysts’ consensus estimates of $9.76 by $0.16. Ameriprise Financial had a return on equity of 64.97% and a net margin of 20.12%.The company had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.51 billion. During the same period in the previous year, the company earned $9.02 earnings per share. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, equities analysts forecast that Ameriprise Financial, Inc. will post 38.64 earnings per share for the current year.

Ameriprise Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Monday, November 10th were paid a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, November 10th. Ameriprise Financial’s dividend payout ratio is presently 17.55%.

Insiders Place Their Bets

In other Ameriprise Financial news, Director Robert Francis Sharpe, Jr. sold 1,500 shares of the firm’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $450.94, for a total value of $676,410.00. Following the sale, the director directly owned 7,500 shares in the company, valued at $3,382,050. This trade represents a 16.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.73% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ameriprise Financial in a research report on Monday. BMO Capital Markets began coverage on Ameriprise Financial in a research note on Friday, October 3rd. They issued a “market perform” rating and a $525.00 price objective on the stock. Argus reduced their target price on Ameriprise Financial from $568.00 to $554.00 and set a “buy” rating for the company in a report on Thursday, November 13th. Keefe, Bruyette & Woods decreased their target price on Ameriprise Financial from $550.00 to $530.00 and set a “market perform” rating for the company in a research report on Monday, November 3rd. Finally, Evercore ISI dropped their price target on shares of Ameriprise Financial from $587.00 to $570.00 and set an “in-line” rating on the stock in a research report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $533.33.

Ameriprise Financial Profile

Ameriprise Financial, Inc is a diversified financial services company headquartered in Minneapolis, Minnesota. The firm provides a range of advice-based wealth management, asset management and insurance products to individual and institutional clients. Its business model centers on delivering financial planning and investment advice through a network of financial advisors alongside proprietary product offerings designed to meet retirement, protection and accumulation needs.

Core products and services include comprehensive financial planning and advisory services, managed investment portfolios, retirement planning solutions, annuities and life insurance products.