Ameriprise Financial, Inc. $AMP Holdings Decreased by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC trimmed its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 63.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,085 shares of the financial services provider’s stock after selling 3,638 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Ameriprise Financial were worth $1,113,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC grew its position in Ameriprise Financial by 6.9% during the fourth quarter. Brighton Jones LLC now owns 777 shares of the financial services provider’s stock valued at $413,000 after purchasing an additional 50 shares in the last quarter. CWM LLC boosted its stake in shares of Ameriprise Financial by 40.6% during the 1st quarter. CWM LLC now owns 6,353 shares of the financial services provider’s stock valued at $3,076,000 after buying an additional 1,833 shares during the period. Signaturefd LLC grew its holdings in shares of Ameriprise Financial by 3.7% during the 1st quarter. Signaturefd LLC now owns 2,574 shares of the financial services provider’s stock valued at $1,246,000 after acquiring an additional 91 shares in the last quarter. Sigma Planning Corp increased its stake in shares of Ameriprise Financial by 277.7% in the first quarter. Sigma Planning Corp now owns 1,707 shares of the financial services provider’s stock worth $826,000 after acquiring an additional 1,255 shares during the last quarter. Finally, Apollon Wealth Management LLC raised its holdings in shares of Ameriprise Financial by 10.8% during the first quarter. Apollon Wealth Management LLC now owns 4,564 shares of the financial services provider’s stock worth $2,210,000 after acquiring an additional 445 shares in the last quarter. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Ameriprise Financial Stock Performance

NYSE:AMP opened at $470.38 on Thursday. The firm has a market capitalization of $43.70 billion, a PE ratio of 14.64, a PEG ratio of 1.07 and a beta of 1.28. Ameriprise Financial, Inc. has a 1 year low of $396.14 and a 1 year high of $582.05. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.95. The firm’s fifty day simple moving average is $481.97 and its 200 day simple moving average is $502.74.

Ameriprise Financial (NYSE:AMP) last released its quarterly earnings results on Thursday, October 30th. The financial services provider reported $9.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.76 by $0.16. The company had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.51 billion. Ameriprise Financial had a net margin of 18.30% and a return on equity of 65.90%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company earned $9.02 earnings per share. On average, sell-side analysts anticipate that Ameriprise Financial, Inc. will post 38.64 EPS for the current year.

Ameriprise Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 24th. Shareholders of record on Monday, November 10th will be issued a $1.60 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $6.40 dividend on an annualized basis and a yield of 1.4%. Ameriprise Financial’s dividend payout ratio (DPR) is 17.55%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AMP shares. Evercore ISI lowered their target price on Ameriprise Financial from $587.00 to $570.00 and set an “in-line” rating on the stock in a research note on Thursday, October 9th. BMO Capital Markets began coverage on Ameriprise Financial in a research note on Friday, October 3rd. They issued a “market perform” rating and a $525.00 price target for the company. William Blair downgraded Ameriprise Financial from an “outperform” rating to a “market perform” rating in a report on Friday, July 25th. Royal Bank Of Canada reduced their target price on shares of Ameriprise Financial from $601.00 to $550.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Ameriprise Financial from $550.00 to $530.00 and set a “market perform” rating for the company in a research report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $530.63.

Insider Activity at Ameriprise Financial

In other news, CEO William F. Truscott sold 9,929 shares of the firm’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $506.89, for a total value of $5,032,910.81. Following the sale, the chief executive officer owned 11,047 shares in the company, valued at approximately $5,599,613.83. This trade represents a 47.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Heather J. Melloh sold 1,500 shares of the company’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $512.34, for a total transaction of $768,510.00. Following the transaction, the executive vice president owned 2,562 shares of the company’s stock, valued at approximately $1,312,615.08. The trade was a 36.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.73% of the company’s stock.

Ameriprise Financial Profile

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.