Ameriprise Financial Inc. Grows Holdings in OneSpan Inc. (NASDAQ:OSPN)

Ameriprise Financial Inc. increased its holdings in shares of OneSpan Inc. (NASDAQ:OSPN - Free Report) by 28.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,764,292 shares of the company's stock after purchasing an additional 395,222 shares during the period. Ameriprise Financial Inc. owned approximately 4.64% of OneSpan worth $32,710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Hillsdale Investment Management Inc. grew its position in shares of OneSpan by 0.4% in the fourth quarter. Hillsdale Investment Management Inc. now owns 246,058 shares of the company's stock valued at $4,562,000 after purchasing an additional 900 shares during the period. Baader Bank Aktiengesellschaft boosted its position in OneSpan by 8.9% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 20,700 shares of the company's stock worth $384,000 after acquiring an additional 1,700 shares during the last quarter. Principal Financial Group Inc. boosted its position in OneSpan by 9.5% during the fourth quarter. Principal Financial Group Inc. now owns 20,488 shares of the company's stock worth $380,000 after acquiring an additional 1,780 shares during the last quarter. R Squared Ltd acquired a new position in OneSpan during the fourth quarter worth about $37,000. Finally, Charles Schwab Investment Management Inc. boosted its position in OneSpan by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 335,356 shares of the company's stock worth $6,218,000 after acquiring an additional 2,182 shares during the last quarter. Hedge funds and other institutional investors own 95.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on OSPN. Rosenblatt Securities restated a "buy" rating and set a $20.00 price target on shares of OneSpan in a research report on Friday, May 2nd. StockNews.com upgraded shares of OneSpan from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, May 14th.

OneSpan Trading Up 0.4%

OSPN stock traded up $0.06 during trading on Monday, reaching $16.30. 228,529 shares of the stock were exchanged, compared to its average volume of 399,698. The business has a 50 day moving average price of $15.23 and a 200-day moving average price of $17.20. OneSpan Inc. has a 1 year low of $12.28 and a 1 year high of $20.37. The firm has a market capitalization of $623.15 million, a price-to-earnings ratio of 22.03 and a beta of 1.21.

OneSpan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date is Friday, May 16th. OneSpan's dividend payout ratio (DPR) is presently 32.65%.

OneSpan Company Profile

OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, authentication, and secure digital agreements worldwide. The company offers OneSpan Sign, a range of e-signature requirements for occasional agreement to processing tens of thousands of transactions; OneSpan Cloud Authentication, a cloud-based multifactor authentication solution that supports a range of authentication options, including biometrics, push notification, and visual cryptograms for transaction data security, SMS, and hardware authenticators; and OneSpan Identity Verification, which enables banks and financial institutions identity verification services.