Railway Pension Investments Ltd Acquires 700 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Railway Pension Investments Ltd raised its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 5.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,800 shares of the financial services provider’s stock after purchasing an additional 700 shares during the quarter. Railway Pension Investments Ltd’s holdings in Ameriprise Financial were worth $5,612,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of AMP. Signaturefd LLC raised its holdings in Ameriprise Financial by 1.1% during the 1st quarter. Signaturefd LLC now owns 2,296 shares of the financial services provider’s stock valued at $1,007,000 after buying an additional 26 shares during the period. Aua Capital Management LLC boosted its stake in shares of Ameriprise Financial by 4.7% during the 1st quarter. Aua Capital Management LLC now owns 604 shares of the financial services provider’s stock worth $265,000 after purchasing an additional 27 shares during the period. Gratus Wealth Advisors LLC grew its holdings in Ameriprise Financial by 1.5% during the 1st quarter. Gratus Wealth Advisors LLC now owns 1,887 shares of the financial services provider’s stock valued at $779,000 after purchasing an additional 27 shares during the last quarter. Resonant Capital Advisors LLC raised its position in Ameriprise Financial by 4.7% in the 1st quarter. Resonant Capital Advisors LLC now owns 619 shares of the financial services provider’s stock worth $271,000 after purchasing an additional 28 shares during the period. Finally, PDS Planning Inc lifted its stake in Ameriprise Financial by 3.7% in the first quarter. PDS Planning Inc now owns 775 shares of the financial services provider’s stock worth $340,000 after purchasing an additional 28 shares during the last quarter. Institutional investors own 83.95% of the company’s stock.

Ameriprise Financial Stock Down 3.8 %

Shares of NYSE:AMP traded down $15.75 during trading hours on Friday, hitting $402.61. The company’s stock had a trading volume of 679,597 shares, compared to its average volume of 551,653. The firm’s fifty day moving average price is $430.64 and its 200 day moving average price is $419.26. Ameriprise Financial, Inc. has a 52 week low of $306.63 and a 52 week high of $449.94. The company has a market capitalization of $39.99 billion, a price-to-earnings ratio of 13.70, a P/E/G ratio of 0.73 and a beta of 1.37. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.59 and a quick ratio of 0.56.

Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $8.72 EPS for the quarter, topping analysts’ consensus estimates of $8.53 by $0.19. The company had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.24 billion. Ameriprise Financial had a net margin of 18.64% and a return on equity of 73.83%. Ameriprise Financial’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $7.44 earnings per share. As a group, research analysts expect that Ameriprise Financial, Inc. will post 34.77 EPS for the current year.

Ameriprise Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Monday, August 5th will be given a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Monday, August 5th. Ameriprise Financial’s payout ratio is currently 20.15%.

Wall Street Analyst Weigh In

AMP has been the topic of a number of analyst reports. Morgan Stanley cut their target price on Ameriprise Financial from $444.00 to $440.00 and set an “equal weight” rating on the stock in a research note on Monday, July 29th. Keefe, Bruyette & Woods lowered their target price on shares of Ameriprise Financial from $470.00 to $460.00 and set a “market perform” rating for the company in a research note on Tuesday. Evercore ISI raised their price target on shares of Ameriprise Financial from $400.00 to $445.00 and gave the stock an “in-line” rating in a research note on Thursday, April 11th. Argus boosted their price objective on shares of Ameriprise Financial from $440.00 to $460.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Finally, UBS Group dropped their target price on shares of Ameriprise Financial from $500.00 to $495.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $464.33.

Insider Buying and Selling at Ameriprise Financial

In other Ameriprise Financial news, Director Robert Francis Sharpe, Jr. sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $438.07, for a total value of $657,105.00. Following the completion of the sale, the director now directly owns 11,000 shares in the company, valued at $4,818,770. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.73% 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.