Hilton Capital Management LLC continued to hold its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) during the first quarter, Holdings Channel reports. The institutional investor owned 2,400 shares of the financial services provider’s stock at the end of the first quarter. Hilton Capital Management LLC’s holdings in Ameriprise Financial were worth $311,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. Zacks Investment Management increased its stake in shares of Ameriprise Financial by 8.9% in the third quarter. Zacks Investment Management now owns 306,421 shares of the financial services provider’s stock valued at $30,572,000 after buying an additional 25,055 shares during the period. Principal Financial Group Inc. increased its stake in shares of Ameriprise Financial by 1.3% in the third quarter. Principal Financial Group Inc. now owns 255,228 shares of the financial services provider’s stock valued at $25,465,000 after buying an additional 3,303 shares during the period. Arthur Zaske & Associates LLC acquired a new stake in shares of Ameriprise Financial during the third quarter valued at about $261,000. LSV Asset Management increased its stake in shares of Ameriprise Financial by 1.9% in the third quarter. LSV Asset Management now owns 2,770,096 shares of the financial services provider’s stock valued at $276,372,000 after buying an additional 50,400 shares during the period. Finally, Herndon Capital Management LLC increased its stake in shares of Ameriprise Financial by 3,834.3% in the third quarter. Herndon Capital Management LLC now owns 317,103 shares of the financial services provider’s stock valued at $31,637,000 after buying an additional 309,043 shares during the period. Institutional investors own 78.42% of the company’s stock.
Ameriprise Financial, Inc. (NYSE:AMP) traded up 1.346% on Friday, hitting $126.095. The company had a trading volume of 683,766 shares. Ameriprise Financial, Inc. has a one year low of $84.92 and a one year high of $135.20. The company has a market capitalization of $19.22 billion, a P/E ratio of 15.347 and a beta of 1.77. The stock’s 50-day moving average price is $128.43 and its 200 day moving average price is $120.31.
Ameriprise Financial (NYSE:AMP) last posted its quarterly earnings results on Monday, April 24th. The financial services provider reported $2.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.52 by $0.18. Ameriprise Financial had a return on equity of 23.18% and a net margin of 11.23%. The business had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the prior year, the business earned $2.17 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, analysts expect that Ameriprise Financial, Inc. will post $10.86 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 19th. Investors of record on Monday, May 8th will be paid a dividend of $0.83 per share. This is an increase from Ameriprise Financial’s previous quarterly dividend of $0.75. This represents a $3.32 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend is Thursday, May 4th. Ameriprise Financial’s dividend payout ratio is 38.36%.
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Several equities research analysts have issued reports on the company. William Blair assumed coverage on Ameriprise Financial in a report on Thursday, March 2nd. They issued an “outperform” rating and a $138.80 price target for the company. SunTrust Banks, Inc. restated a “hold” rating and issued a $127.00 price target (up from $124.00) on shares of Ameriprise Financial in a report on Wednesday, April 26th. Zacks Investment Research downgraded Ameriprise Financial from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Barclays PLC reiterated an “equal weight” rating and set a $130.00 price objective (up from $127.00) on shares of Ameriprise Financial in a report on Tuesday, April 25th. Finally, Citigroup Inc reiterated a “buy” rating on shares of Ameriprise Financial in a report on Monday, April 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. Ameriprise Financial currently has an average rating of “Hold” and an average price target of $129.07.
In related news, VP Karen Wilson Thissen sold 535 shares of the company’s stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $131.17, for a total transaction of $70,175.95. Following the transaction, the vice president now directly owns 9,237 shares of the company’s stock, valued at approximately $1,211,617.29. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Kelli A. Hunter sold 943 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $128.80, for a total value of $121,458.40. Following the transaction, the vice president now directly owns 39,919 shares in the company, valued at $5,141,567.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,478 shares of company stock worth $1,268,674. 1.40% of the stock is owned by company insiders.
Ameriprise Financial Company Profile
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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