Intrust Bank NA bought a new stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,781 shares of the financial services provider’s stock, valued at approximately $231,000.
Other institutional investors have also added to or reduced their stakes in the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in Ameriprise Financial by 0.5% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 828 shares of the financial services provider’s stock valued at $108,000 after buying an additional 4 shares in the last quarter. Dubuque Bank & Trust Co. raised its position in Ameriprise Financial by 2.4% in the first quarter. Dubuque Bank & Trust Co. now owns 954 shares of the financial services provider’s stock valued at $124,000 after buying an additional 22 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Ameriprise Financial during the first quarter valued at about $125,000. Virtus Investment Advisers Inc. acquired a new position in Ameriprise Financial during the third quarter valued at about $133,000. Finally, SRB Corp raised its position in Ameriprise Financial by 10.7% in the third quarter. SRB Corp now owns 1,606 shares of the financial services provider’s stock valued at $160,000 after buying an additional 155 shares in the last quarter. 78.42% of the stock is owned by institutional investors.
Ameriprise Financial, Inc. (NYSE:AMP) traded up 1.346% during trading on Friday, reaching $126.095. The company had a trading volume of 683,466 shares. Ameriprise Financial, Inc. has a 12-month low of $84.92 and a 12-month high of $135.20. The firm’s 50 day moving average price is $128.43 and its 200 day moving average price is $120.31. The firm has a market capitalization of $19.22 billion, a PE ratio of 15.347 and a beta of 1.77.
Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings data on Monday, April 24th. The financial services provider reported $2.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.52 by $0.18. Ameriprise Financial had a net margin of 11.23% and a return on equity of 23.18%. The business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same period last year, the business posted $2.17 earnings per share. Ameriprise Financial’s quarterly revenue was up 4.9% compared to the same quarter last year. Equities research analysts forecast that Ameriprise Financial, Inc. will post $10.86 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 19th. Shareholders of record on Monday, May 8th will be issued a $0.83 dividend. The ex-dividend date is Thursday, May 4th. This is a positive change from Ameriprise Financial’s previous quarterly dividend of $0.75. This represents a $3.32 annualized dividend and a yield of 2.67%. Ameriprise Financial’s dividend payout ratio (DPR) is 38.36%.
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Several equities analysts have recently issued reports on the company. Deutsche Bank AG reaffirmed a “hold” rating and issued a $140.00 target price (up from $137.00) on shares of Ameriprise Financial in a report on Thursday, April 20th. William Blair assumed coverage on Ameriprise Financial in a report on Thursday, March 2nd. They issued an “outperform” rating and a $138.80 target price for the company. Zacks Investment Research raised Ameriprise Financial from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a report on Monday, April 10th. Barclays PLC reaffirmed an “equal weight” rating and issued a $130.00 target price (up from $127.00) on shares of Ameriprise Financial in a report on Tuesday, April 25th. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $127.00 target price (up from $124.00) on shares of Ameriprise Financial in a report on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. Ameriprise Financial has an average rating of “Hold” and an average price target of $129.07.
In other news, VP Karen Wilson Thissen sold 535 shares of Ameriprise Financial stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $131.17, for a total transaction of $70,175.95. Following the completion of the transaction, the vice president now directly owns 9,237 shares in the company, valued at $1,211,617.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kelli A. Hunter sold 943 shares of Ameriprise Financial stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $128.80, for a total transaction of $121,458.40. Following the transaction, the vice president now owns 39,919 shares of the company’s stock, valued at $5,141,567.20. The disclosure for this sale can be found here. Insiders sold 9,478 shares of company stock valued at $1,268,674 over the last 90 days. 1.40% of the stock is currently owned by company insiders.
About Ameriprise Financial
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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