Engineers Gate Manager LP acquired a new stake in Ameriprise Financial, Inc. (NYSE:AMP) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 8,448 shares of the financial services provider’s stock, valued at approximately $1,432,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. National Asset Management Inc. grew its position in shares of Ameriprise Financial by 1.0% in the 2nd quarter. National Asset Management Inc. now owns 3,165 shares of the financial services provider’s stock valued at $406,000 after acquiring an additional 32 shares during the period. Advisory Services Network LLC grew its position in shares of Ameriprise Financial by 4.0% in the 2nd quarter. Advisory Services Network LLC now owns 4,043 shares of the financial services provider’s stock valued at $515,000 after acquiring an additional 155 shares during the period. IHT Wealth Management LLC grew its position in shares of Ameriprise Financial by 284.0% in the 2nd quarter. IHT Wealth Management LLC now owns 311 shares of the financial services provider’s stock valued at $113,000 after acquiring an additional 230 shares during the period. Leavell Investment Management Inc. grew its position in shares of Ameriprise Financial by 8.6% in the 4th quarter. Leavell Investment Management Inc. now owns 3,807 shares of the financial services provider’s stock valued at $645,000 after acquiring an additional 300 shares during the period. Finally, Montecito Bank & Trust grew its position in shares of Ameriprise Financial by 19.5% in the 3rd quarter. Montecito Bank & Trust now owns 2,443 shares of the financial services provider’s stock valued at $363,000 after acquiring an additional 399 shares during the period. 80.68% of the stock is owned by institutional investors.

Shares of Ameriprise Financial, Inc. (NYSE:AMP) opened at $152.50 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market cap of $23,685.07, a PE ratio of 16.15 and a beta of 1.85. Ameriprise Financial, Inc. has a 12 month low of $118.84 and a 12 month high of $183.90.

Ameriprise Financial (NYSE:AMP) last posted its earnings results on Wednesday, January 24th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.08 by ($1.90). The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.05 billion. Ameriprise Financial had a return on equity of 31.03% and a net margin of 12.31%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.46 EPS. research analysts forecast that Ameriprise Financial, Inc. will post 14.43 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Friday, February 16th will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Thursday, February 15th. Ameriprise Financial’s dividend payout ratio is presently 35.17%.

A number of research analysts have recently commented on the stock. SunTrust Banks lifted their price objective on shares of Ameriprise Financial to $180.00 and gave the company a “hold” rating in a research report on Friday, January 19th. Royal Bank of Canada set a $168.00 price objective on shares of Ameriprise Financial and gave the company a “hold” rating in a research report on Saturday, December 16th. Zacks Investment Research downgraded shares of Ameriprise Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. ValuEngine downgraded shares of Ameriprise Financial from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Morgan Stanley lifted their price objective on shares of Ameriprise Financial from $187.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, January 25th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Ameriprise Financial presently has a consensus rating of “Buy” and an average price target of $164.98.

In other news, EVP Deirdre Davey Mcgraw sold 5,500 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $174.04, for a total transaction of $957,220.00. Following the completion of the sale, the executive vice president now owns 8,138 shares in the company, valued at approximately $1,416,337.52. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO William F. Truscott sold 31,379 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $173.64, for a total transaction of $5,448,649.56. Following the sale, the chief executive officer now owns 67,058 shares of the company’s stock, valued at approximately $11,643,951.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,628 shares of company stock valued at $8,570,993. 1.50% of the stock is currently owned by corporate insiders.

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About Ameriprise Financial

Ameriprise Financial, Inc is a financial services company that offers financial solutions to individual and institutional clients. The Company operates in five segments: Advice & Wealth Management; Asset Management; Annuities; Protection, and Corporate & Other. The Company uses Ameriprise Financial as its enterprise brand, as well as the name of its advisor network and certain of its retail products and services.

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Institutional Ownership by Quarter for Ameriprise Financial (NYSE:AMP)

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