Ameriprise Financial, Inc. (AMP) Holdings Lifted by HPM Partners LLC

HPM Partners LLC boosted its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 7.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,407 shares of the financial services provider’s stock after buying an additional 968 shares during the quarter. HPM Partners LLC’s holdings in Ameriprise Financial were worth $1,875,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of AMP. FMR LLC grew its position in Ameriprise Financial by 65.9% during the second quarter. FMR LLC now owns 2,079,355 shares of the financial services provider’s stock worth $290,861,000 after buying an additional 825,832 shares during the period. BlackRock Inc. grew its position in Ameriprise Financial by 3.8% during the second quarter. BlackRock Inc. now owns 10,832,182 shares of the financial services provider’s stock worth $1,515,207,000 after buying an additional 392,679 shares during the period. Bank of New York Mellon Corp grew its position in Ameriprise Financial by 14.1% during the second quarter. Bank of New York Mellon Corp now owns 3,095,187 shares of the financial services provider’s stock worth $432,954,000 after buying an additional 382,319 shares during the period. American Century Companies Inc. grew its position in Ameriprise Financial by 26.9% during the second quarter. American Century Companies Inc. now owns 1,796,655 shares of the financial services provider’s stock worth $251,316,000 after buying an additional 380,361 shares during the period. Finally, Millennium Management LLC grew its position in Ameriprise Financial by 207.6% during the first quarter. Millennium Management LLC now owns 494,341 shares of the financial services provider’s stock worth $73,133,000 after buying an additional 333,623 shares during the period. Institutional investors own 81.38% of the company’s stock.

AMP has been the topic of several recent analyst reports. Morgan Stanley upped their target price on shares of Ameriprise Financial from $175.00 to $177.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 25th. ValuEngine lowered shares of Ameriprise Financial from a “hold” rating to a “sell” rating in a research report on Friday, July 20th. Credit Suisse Group lowered their target price on shares of Ameriprise Financial from $154.00 to $145.00 and set a “neutral” rating on the stock in a research report on Friday, August 17th. Barclays lowered their price target on shares of Ameriprise Financial from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Monday, July 9th. Finally, Sandler O’Neill set a $158.00 price target on shares of Ameriprise Financial and gave the company a “hold” rating in a research report on Wednesday, July 25th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $165.25.

AMP stock opened at $147.47 on Friday. The company has a market capitalization of $20.06 billion, a PE ratio of 10.04 and a beta of 1.81. Ameriprise Financial, Inc. has a 12 month low of $129.87 and a 12 month high of $183.90. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.76.

Ameriprise Financial (NYSE:AMP) last released its quarterly earnings results on Tuesday, July 24th. The financial services provider reported $3.60 EPS for the quarter, beating the consensus estimate of $3.51 by $0.09. The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.12 billion. Ameriprise Financial had a net margin of 13.91% and a return on equity of 36.15%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.80 earnings per share. equities analysts anticipate that Ameriprise Financial, Inc. will post 14.68 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 17th. Stockholders of record on Monday, August 6th were given a $0.90 dividend. The ex-dividend date was Friday, August 3rd. This represents a $3.60 annualized dividend and a dividend yield of 2.44%. Ameriprise Financial’s dividend payout ratio is presently 29.34%.

About Ameriprise Financial

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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