Two Sigma Investments LP trimmed its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 78.8% in the 4th quarter, Holdings Channel reports. The firm owned 116,917 shares of the financial services provider’s stock after selling 434,812 shares during the quarter. Two Sigma Investments LP’s holdings in Ameriprise Financial were worth $12,203,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Laurel Wealth Advisors LLC purchased a new stake in shares of Ameriprise Financial during the fourth quarter valued at $30,000. Enlightenment Research LLC purchased a new stake in shares of Ameriprise Financial during the fourth quarter valued at $31,000. SRS Capital Advisors Inc. lifted its holdings in shares of Ameriprise Financial by 183.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 374 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 242 shares during the last quarter. Athena Capital Advisors LLC purchased a new stake in shares of Ameriprise Financial during the fourth quarter valued at $46,000. Finally, Pearl River Capital LLC purchased a new stake in shares of Ameriprise Financial during the fourth quarter valued at $46,000. 80.41% of the stock is owned by institutional investors and hedge funds.
Shares of Ameriprise Financial stock opened at $124.13 on Friday. The stock has a market capitalization of $17.54 billion, a P/E ratio of 8.31 and a beta of 1.92. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.68 and a quick ratio of 0.68. Ameriprise Financial, Inc. has a 1 year low of $95.69 and a 1 year high of $153.15.
Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings data on Wednesday, January 30th. The financial services provider reported $3.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.12. The firm had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.15 billion. Ameriprise Financial had a return on equity of 38.65% and a net margin of 16.35%. The business’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the prior year, the business earned $1.18 EPS. On average, research analysts forecast that Ameriprise Financial, Inc. will post 15.7 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 28th. Investors of record on Friday, February 15th were paid a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.90%. The ex-dividend date was Thursday, February 14th. Ameriprise Financial’s dividend payout ratio is currently 24.10%.
In related news, EVP Colin Moore sold 24,032 shares of the stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $133.64, for a total value of $3,211,636.48. Following the completion of the sale, the executive vice president now directly owns 56,447 shares of the company’s stock, valued at approximately $7,543,577.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.
AMP has been the subject of several analyst reports. ValuEngine raised Ameriprise Financial from a “strong sell” rating to a “sell” rating in a report on Tuesday, January 15th. Zacks Investment Research downgraded Ameriprise Financial from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. Royal Bank of Canada set a $134.00 price objective on Ameriprise Financial and gave the stock a “hold” rating in a research note on Saturday, February 2nd. Sandler O’Neill raised Ameriprise Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd. Finally, Barclays raised Ameriprise Financial from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $165.00 to $135.00 in a research note on Wednesday, January 9th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $152.38.
Ameriprise Financial Company 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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