Ameriprise Financial, Inc. (NYSE:AMP) Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,601 shares of the financial services provider’s stock after purchasing an additional 118 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Ameriprise Financial were worth $3,647,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Barclays PLC raised its stake in shares of Ameriprise Financial by 63.9% during the 3rd quarter. Barclays PLC now owns 350,391 shares of the financial services provider’s stock worth $115,517,000 after buying an additional 136,621 shares during the last quarter. Qube Research & Technologies Ltd raised its position in Ameriprise Financial by 134.4% during the third quarter. Qube Research & Technologies Ltd now owns 208,570 shares of the financial services provider’s stock worth $68,761,000 after acquiring an additional 119,578 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Ameriprise Financial by 107.0% in the third quarter. Assenagon Asset Management S.A. now owns 209,822 shares of the financial services provider’s stock valued at $69,174,000 after purchasing an additional 108,461 shares in the last quarter. Payden & Rygel Investment Group acquired a new stake in shares of Ameriprise Financial in the third quarter valued at approximately $28,382,000. Finally, Canada Pension Plan Investment Board increased its stake in shares of Ameriprise Financial by 398.5% during the 3rd quarter. Canada Pension Plan Investment Board now owns 100,100 shares of the financial services provider’s stock worth $33,001,000 after purchasing an additional 80,020 shares in the last quarter. 83.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on AMP shares. Morgan Stanley increased their target price on Ameriprise Financial from $400.00 to $437.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. The Goldman Sachs Group increased their price objective on Ameriprise Financial from $437.00 to $488.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. UBS Group boosted their target price on shares of Ameriprise Financial from $440.00 to $445.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Royal Bank of Canada raised their price target on shares of Ameriprise Financial from $410.00 to $420.00 and gave the stock an “outperform” rating in a research note on Monday, January 22nd. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Ameriprise Financial from $420.00 to $460.00 and gave the stock a “market perform” rating in a report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Ameriprise Financial currently has a consensus rating of “Hold” and a consensus target price of $441.00.

Ameriprise Financial Price Performance

Shares of AMP stock opened at $421.33 on Tuesday. The firm has a fifty day moving average of $417.37 and a two-hundred day moving average of $379.18. The firm has a market cap of $42.21 billion, a P/E ratio of 17.77, a P/E/G ratio of 0.69 and a beta of 1.36. Ameriprise Financial, Inc. has a 1-year low of $279.85 and a 1-year high of $440.67. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.56 and a quick ratio of 0.56.

Ameriprise Financial (NYSE:AMP) last posted its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $8.39 EPS for the quarter, topping analysts’ consensus estimates of $8.14 by $0.25. Ameriprise Financial had a return on equity of 77.39% and a net margin of 16.27%. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same period last year, the firm earned $7.25 earnings per share. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, research analysts anticipate that Ameriprise Financial, Inc. will post 34.43 earnings per share for the current fiscal year.

Ameriprise Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Monday, May 6th will be given a dividend of $1.48 per share. This is a positive change from Ameriprise Financial’s previous quarterly dividend of $1.35. This represents a $5.92 annualized dividend and a dividend yield of 1.41%. Ameriprise Financial’s dividend payout ratio is currently 22.78%.

Insider Buying and Selling

In other Ameriprise Financial news, CEO William F. Truscott sold 9,689 shares of the business’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $390.22, for a total transaction of $3,780,841.58. Following the completion of the sale, the chief executive officer now owns 12,126 shares in the company, valued at $4,731,807.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Joseph Edward Sweeney sold 5,146 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $389.47, for a total transaction of $2,004,212.62. Following the completion of the transaction, the insider now owns 9,421 shares in the company, valued at approximately $3,669,196.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William F. Truscott sold 9,689 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $390.22, for a total value of $3,780,841.58. Following the transaction, the chief executive officer now owns 12,126 shares of the company’s stock, valued at $4,731,807.72. The disclosure for this sale can be found here. Insiders have sold 89,161 shares of company stock worth $35,560,647 over the last ninety days. 0.96% of the stock is owned by insiders.

About Ameriprise Financial

Ameriprise Financial, Inc, together with its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through four segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other.