Oregon Public Employees Retirement Fund Has $5.28 Million Stake in Ameriprise Financial, Inc. $AMP

Oregon Public Employees Retirement Fund boosted its holdings in Ameriprise Financial, Inc. (NYSE:AMP) by 30.7% in the third quarter, Holdings Channel reports. The firm owned 10,745 shares of the financial services provider’s stock after purchasing an additional 2,523 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Ameriprise Financial were worth $5,278,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC grew its holdings in shares of Ameriprise Financial by 71.0% in the 2nd quarter. Whipplewood Advisors LLC now owns 53 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 22 shares in the last quarter. Salomon & Ludwin LLC raised its holdings in Ameriprise Financial by 115.4% during the second quarter. Salomon & Ludwin LLC now owns 56 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 30 shares in the last quarter. Winnow Wealth LLC acquired a new position in Ameriprise Financial during the second quarter valued at approximately $32,000. Heartwood Wealth Advisors LLC bought a new position in Ameriprise Financial in the third quarter valued at approximately $32,000. Finally, WFA of San Diego LLC bought a new position in Ameriprise Financial in the second quarter valued at approximately $36,000. 83.95% of the stock is owned by institutional investors.

Insider Buying and Selling at Ameriprise Financial

In related news, Director Robert Francis Sharpe, Jr. sold 1,500 shares of Ameriprise Financial stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $450.94, for a total transaction of $676,410.00. Following the completion of the sale, the director directly owned 7,500 shares of the company’s stock, valued at approximately $3,382,050. This trade represents a 16.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.73% of the company’s stock.

Ameriprise Financial Price Performance

Shares of AMP opened at $508.25 on Friday. The company’s 50-day moving average is $475.82 and its 200-day moving average is $495.10. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a market capitalization of $47.22 billion, a PE ratio of 13.94, a PEG ratio of 1.26 and a beta of 1.26. Ameriprise Financial, Inc. has a fifty-two week low of $396.14 and a fifty-two week high of $582.05.

Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings results on Thursday, October 30th. The financial services provider reported $9.92 EPS for the quarter, beating analysts’ consensus estimates of $9.76 by $0.16. The business had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.51 billion. Ameriprise Financial had a net margin of 20.12% and a return on equity of 64.97%. Ameriprise Financial’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $9.02 EPS. Equities analysts forecast that Ameriprise Financial, Inc. will post 38.64 EPS for the current year.

Ameriprise Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Monday, November 10th were given a $1.60 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $6.40 annualized dividend and a dividend yield of 1.3%. Ameriprise Financial’s dividend payout ratio is presently 17.55%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AMP. Morgan Stanley upped their price objective on Ameriprise Financial from $484.00 to $485.00 and gave the stock an “underweight” rating in a research note on Monday, December 22nd. Argus dropped their price target on shares of Ameriprise Financial from $568.00 to $554.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. Evercore ISI cut their price target on shares of Ameriprise Financial from $587.00 to $570.00 and set an “in-line” rating for the company in a research note on Thursday, October 9th. Keefe, Bruyette & Woods lowered their price objective on shares of Ameriprise Financial from $550.00 to $530.00 and set a “market perform” rating on the stock in a research note on Monday, November 3rd. Finally, Royal Bank Of Canada cut 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. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $528.75.

Ameriprise Financial Profile

Ameriprise Financial, Inc is a diversified financial services company headquartered in Minneapolis, Minnesota. The firm provides a range of advice-based wealth management, asset management and insurance products to individual and institutional clients. Its business model centers on delivering financial planning and investment advice through a network of financial advisors alongside proprietary product offerings designed to meet retirement, protection and accumulation needs.

Core products and services include comprehensive financial planning and advisory services, managed investment portfolios, retirement planning solutions, annuities and life insurance products.