Employers Holdings Inc. Invests $503,000 in Ameriprise Financial, Inc. (NYSE:AMP)

Employers Holdings Inc. acquired a new position in shares of Ameriprise Financial, Inc. (NYSE:AMP) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,466 shares of the financial services provider’s stock, valued at approximately $503,000.

Other institutional investors have also bought and sold shares of the company. MV Capital Management Inc. lifted its stake in Ameriprise Financial by 81.5% in the 1st quarter. MV Capital Management Inc. now owns 196 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 88 shares during the last quarter. Advantage Investment Management LLC acquired a new stake in Ameriprise Financial in the 2nd quarter valued at about $29,000. NEXT Financial Group Inc lifted its stake in Ameriprise Financial by 46.6% in the 2nd quarter. NEXT Financial Group Inc now owns 236 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 75 shares during the last quarter. Farmers National Bank acquired a new stake in Ameriprise Financial in the 1st quarter valued at about $31,000. Finally, Capital Advisors Ltd. LLC acquired a new stake in Ameriprise Financial in the 2nd quarter valued at about $35,000. Institutional investors own 82.85% of the company’s stock.

In other Ameriprise Financial news, EVP Randy Kupper sold 5,160 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were 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 in the company, valued at $3,557,389.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.90% of the company’s stock.



AMP has been the subject of several recent analyst reports. Barclays raised their target price on shares of Ameriprise Financial from $146.00 to $171.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. ValuEngine downgraded shares of Ameriprise Financial from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. UBS Group cut their target price on shares of Ameriprise Financial from $178.00 to $175.00 and set a “buy” rating for the company in a research note on Friday, July 12th. Citigroup set a $178.00 target price on shares of Ameriprise Financial and gave the company a “buy” rating in a research note on Thursday, May 23rd. Finally, Royal Bank of Canada set a $145.00 target price on shares of Ameriprise Financial and gave the company a “hold” rating in a research note on Friday, July 26th. 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 stock. The stock currently has an average rating of “Buy” and an average price target of $176.50.

AMP stock traded up $2.38 during mid-day trading on Friday, hitting $125.13. 5,179 shares of the company were exchanged, compared to its average volume of 1,108,860. The business has a 50 day simple moving average of $143.59 and a 200-day simple moving average of $139.40. 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 has a market capitalization of $16.85 billion, a PE ratio of 8.36 and a beta of 1.80. Ameriprise Financial, Inc. has a 1-year low of $95.69 and a 1-year high of $153.91.

Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.00 by $0.06. The firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $2.93 billion. Ameriprise Financial had a net margin of 15.03% and a return on equity of 37.73%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the business posted $3.60 earnings per share. Equities research analysts expect that Ameriprise Financial, Inc. will post 16.06 earnings per share for the current year.

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, August 2nd. This represents a $3.88 annualized dividend and a yield of 3.10%. 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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