Ameriprise Financial, Inc. (NYSE:AMP) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP grew its position in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 4.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,528 shares of the financial services provider’s stock after purchasing an additional 251 shares during the period. Wellington Management Group LLP’s holdings in Ameriprise Financial were worth $1,822,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of AMP. Moneta Group Investment Advisors LLC grew its position in Ameriprise Financial by 106,308.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,587,613 shares of the financial services provider’s stock valued at $494,335,000 after acquiring an additional 1,586,121 shares in the last quarter. Norges Bank acquired a new position in shares of Ameriprise Financial in the fourth quarter valued at approximately $389,527,000. Nuveen Asset Management LLC increased its stake in Ameriprise Financial by 29.7% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,673,748 shares of the financial services provider’s stock worth $555,952,000 after buying an additional 382,811 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Ameriprise Financial by 123.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 498,824 shares of the financial services provider’s stock worth $155,318,000 after buying an additional 275,720 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Ameriprise Financial by 33.5% in the first quarter. Invesco Ltd. now owns 1,078,807 shares of the financial services provider’s stock worth $324,031,000 after acquiring an additional 270,755 shares in the last quarter. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Insider Buying and Selling

In other Ameriprise Financial news, CEO William F. Truscott sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $412.05, for a total value of $3,296,400.00. Following the completion of the sale, the chief executive officer now owns 13,134 shares in the company, valued at $5,411,864.70. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO William F. Truscott sold 8,000 shares of Ameriprise Financial stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $412.05, for a total value of $3,296,400.00. Following the transaction, the chief executive officer now directly owns 13,134 shares of the company’s stock, valued at approximately $5,411,864.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James M. Cracchiolo sold 5,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $408.63, for a total transaction of $2,043,150.00. Following the sale, the chief executive officer now owns 159,012 shares of the company’s stock, valued at approximately $64,977,073.56. The disclosure for this sale can be found here. Insiders have sold 87,285 shares of company stock worth $34,741,478 in the last quarter. 0.73% of the stock is owned by insiders.

Ameriprise Financial Stock Performance

Shares of Ameriprise Financial stock opened at $435.97 on Thursday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.17. Ameriprise Financial, Inc. has a 52 week low of $279.85 and a 52 week high of $438.00. The firm’s 50 day moving average is $403.20 and its two-hundred day moving average is $367.08. The firm has a market capitalization of $43.68 billion, a P/E ratio of 18.39, a P/E/G ratio of 0.80 and a beta of 1.36.

Ameriprise Financial (NYSE:AMP) last posted its earnings results on Thursday, January 25th. The financial services provider reported $7.75 EPS for the quarter, beating analysts’ consensus estimates of $7.67 by $0.08. Ameriprise Financial had a net margin of 16.27% and a return on equity of 77.39%. The firm had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same period last year, the firm posted $6.94 EPS. The company’s revenue was up 9.0% on a year-over-year basis. Research analysts forecast that Ameriprise Financial, Inc. will post 34.2 EPS for the current fiscal year.

Ameriprise Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Friday, February 9th were given a $1.35 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.24%. Ameriprise Financial’s dividend payout ratio (DPR) is presently 22.78%.

Analyst Upgrades and Downgrades

AMP has been the subject of a number of recent research reports. Royal Bank of Canada lifted their target price on Ameriprise Financial from $410.00 to $420.00 and gave the company an “outperform” rating in a report on Monday, January 22nd. Morgan Stanley boosted their price objective on Ameriprise Financial from $394.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. StockNews.com cut shares of Ameriprise Financial from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. Keefe, Bruyette & Woods boosted their price target on shares of Ameriprise Financial from $400.00 to $420.00 and gave the stock a “market perform” rating in a report on Tuesday, January 30th. Finally, Raymond James assumed coverage on shares of Ameriprise Financial in a report on Thursday, March 21st. They issued a “market perform” rating on the stock. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $428.83.

Ameriprise Financial Company 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.