Keybank National Association OH Acquires 1,605 Shares of Ameriprise Financial, Inc. (AMP)
Keybank National Association OH boosted its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 1.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,442 shares of the financial services provider’s stock after acquiring an additional 1,605 shares during the period. Keybank National Association OH’s holdings in Ameriprise Financial were worth $18,375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also modified their holdings of the business. IMA Wealth Inc. bought a new stake in shares of Ameriprise Financial in the 2nd quarter valued at about $110,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Ameriprise Financial by 8,300.0% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 840 shares of the financial services provider’s stock valued at $118,000 after buying an additional 830 shares in the last quarter. LeJeune Puetz Investment Counsel LLC bought a new stake in shares of Ameriprise Financial in the 2nd quarter valued at about $119,000. Valeo Financial Advisors LLC boosted its holdings in shares of Ameriprise Financial by 56.7% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,075 shares of the financial services provider’s stock valued at $147,000 after buying an additional 389 shares in the last quarter. Finally, First Mercantile Trust Co. bought a new stake in shares of Ameriprise Financial in the 2nd quarter valued at about $166,000. Institutional investors own 81.96% of the company’s stock.
A number of research firms have recently weighed in on AMP. ValuEngine upgraded shares of Ameriprise Financial from a “sell” rating to a “hold” rating in a report on Saturday, July 28th. Morgan Stanley lowered their price target on shares of Ameriprise Financial from $177.00 to $170.00 and set an “overweight” rating on the stock in a report on Tuesday, November 13th. Zacks Investment Research upgraded shares of Ameriprise Financial from a “hold” rating to a “buy” rating and set a $169.00 price target on the stock in a report on Friday, October 5th. Sandler O’Neill set a $158.00 price target on shares of Ameriprise Financial and gave the company a “hold” rating in a report on Wednesday, July 25th. Finally, Credit Suisse Group decreased their price objective on shares of Ameriprise Financial from $154.00 to $145.00 and set a “neutral” rating for the company in a research report on Friday, August 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $160.38.
Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings data on Tuesday, October 23rd. The financial services provider reported $4.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.68 by $0.37. The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.20 billion. Ameriprise Financial had a net margin of 13.58% and a return on equity of 37.21%. Ameriprise Financial’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm posted $3.12 EPS. Analysts expect that Ameriprise Financial, Inc. will post 15.04 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 16th. Investors of record on Monday, November 5th were given a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.85%. The ex-dividend date was Friday, November 2nd. Ameriprise Financial’s payout ratio is currently 29.34%.
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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