Robeco Institutional Asset Management B.V. Boosts Stake in Ameriprise Financial (AMP)

Robeco Institutional Asset Management B.V. increased its holdings in Ameriprise Financial (NYSE:AMP) by 25.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 172,783 shares of the financial services provider’s stock after buying an additional 34,835 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Ameriprise Financial were worth $25,566,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of AMP. Icon Wealth Partners LLC acquired a new position in shares of Ameriprise Financial in the 4th quarter valued at about $101,000. Capital Analysts LLC boosted its stake in Ameriprise Financial by 953.0% during the 4th quarter. Capital Analysts LLC now owns 5,981 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 5,413 shares during the period. Lee Financial Co boosted its stake in Ameriprise Financial by 99.4% during the 4th quarter. Lee Financial Co now owns 682 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 340 shares during the period. Jacobi Capital Management LLC boosted its stake in Ameriprise Financial by 89.8% during the 1st quarter. Jacobi Capital Management LLC now owns 875 shares of the financial services provider’s stock valued at $125,000 after purchasing an additional 414 shares during the period. Finally, Virtue Capital Management LLC acquired a new position in Ameriprise Financial during the 4th quarter valued at about $128,000. 88.24% of the stock is owned by institutional investors and hedge funds.

AMP has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Ameriprise Financial from a “hold” rating to a “sell” rating in a research note on Monday, April 9th. Morgan Stanley reduced their target price on shares of Ameriprise Financial from $190.00 to $184.00 and set an “overweight” rating for the company in a research note on Thursday, April 5th. SunTrust Banks reduced their target price on shares of Ameriprise Financial to $150.00 and set a “hold” rating for the company in a research note on Wednesday, April 25th. They noted that the move was a valuation call. UBS initiated coverage on shares of Ameriprise Financial in a research note on Friday, March 2nd. They set a “buy” rating and a $217.00 target price for the company. Finally, ValuEngine lowered shares of Ameriprise Financial from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $167.22.



In related news, CEO James M. Cracchiolo purchased 7,400 shares of Ameriprise Financial stock in a transaction dated Thursday, May 10th. The stock was bought at an average cost of $136.04 per share, with a total value of $1,006,696.00. Following the purchase, the chief executive officer now owns 242,416 shares in the company, valued at approximately $32,978,272.64. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Randy Kupper sold 4,381 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $159.61, for a total transaction of $699,251.41. Following the completion of the sale, the executive vice president now directly owns 21,607 shares of the company’s stock, valued at $3,448,693.27. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Shares of NYSE:AMP opened at $137.07 on Monday. The company has a market capitalization of $19.82 billion, a PE ratio of 10.31 and a beta of 1.86. Ameriprise Financial has a twelve month low of $118.84 and a twelve month high of $183.90. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.87.

Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings results on Monday, April 23rd. The financial services provider reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $3.46 by $0.24. The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.09 billion. Ameriprise Financial had a net margin of 13.59% and a return on equity of 33.67%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.52 EPS. equities analysts forecast that Ameriprise Financial will post 14.44 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 18th. Stockholders of record on Monday, May 7th will be paid a $0.90 dividend. This is a positive change from Ameriprise Financial’s previous quarterly dividend of $0.83. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date is Friday, May 4th. Ameriprise Financial’s dividend payout ratio is currently 29.34%.

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 Advice & Wealth Management, Asset Management, Annuities, and Protection segments. The Advice & Wealth Management segment provides financial planning and advice, as well as full-service brokerage services primarily to retail clients through its advisors.

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Institutional Ownership by Quarter for Ameriprise Financial (NYSE:AMP)

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