Universal Beteiligungs und Servicegesellschaft mbH Acquires New Shares in Ameriprise Financial, Inc. (NYSE:AMP)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 188,077 shares of the financial services provider's stock, valued at approximately $100,138,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.20% of Ameriprise Financial at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in shares of Ameriprise Financial by 12.1% during the fourth quarter. JPMorgan Chase & Co. now owns 4,801,913 shares of the financial services provider's stock valued at $2,556,683,000 after acquiring an additional 516,437 shares in the last quarter. Geode Capital Management LLC increased its position in Ameriprise Financial by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 2,647,627 shares of the financial services provider's stock valued at $1,407,607,000 after purchasing an additional 38,141 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Ameriprise Financial by 1.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,447,863 shares of the financial services provider's stock worth $770,886,000 after purchasing an additional 23,655 shares in the last quarter. Norges Bank bought a new position in Ameriprise Financial in the 4th quarter worth $689,272,000. Finally, Northern Trust Corp lifted its position in shares of Ameriprise Financial by 19.8% in the 4th quarter. Northern Trust Corp now owns 1,268,419 shares of the financial services provider's stock worth $675,344,000 after purchasing an additional 209,549 shares during the period. Hedge funds and other institutional investors own 83.95% of the company's stock.

Ameriprise Financial Stock Down 0.3%

Shares of Ameriprise Financial stock traded down $1.30 during midday trading on Friday, hitting $508.62. The company had a trading volume of 932,956 shares, compared to its average volume of 496,008. Ameriprise Financial, Inc. has a 52-week low of $385.74 and a 52-week high of $582.05. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market capitalization of $48.43 billion, a P/E ratio of 15.38, a P/E/G ratio of 1.15 and a beta of 1.28. The company has a 50 day moving average of $483.11 and a 200 day moving average of $518.57.

Ameriprise Financial (NYSE:AMP - Get Free Report) last released its earnings results on Thursday, April 24th. The financial services provider reported $9.50 EPS for the quarter, topping the consensus estimate of $9.08 by $0.42. Ameriprise Financial had a return on equity of 69.35% and a net margin of 19.70%. The business had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.45 billion. During the same period in the previous year, the company posted $8.39 earnings per share. The company's revenue for the quarter was up 3.6% compared to the same quarter last year. On average, equities analysts predict that Ameriprise Financial, Inc. will post 38.64 earnings per share for the current fiscal year.

Ameriprise Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 5th were paid a $1.60 dividend. This is a boost from Ameriprise Financial's previous quarterly dividend of $1.48. The ex-dividend date of this dividend was Monday, May 5th. This represents a $6.40 dividend on an annualized basis and a yield of 1.26%. Ameriprise Financial's payout ratio is presently 21.75%.

Ameriprise Financial announced that its board has authorized a share repurchase plan on Thursday, April 24th that permits the company to buyback $4.50 billion in shares. This buyback authorization permits the financial services provider to purchase up to 9.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued.

Analyst Ratings Changes

Several equities analysts recently issued reports on AMP shares. Piper Sandler boosted their price target on shares of Ameriprise Financial from $415.00 to $442.00 and gave the company an "underweight" rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods upped their target price on Ameriprise Financial from $510.00 to $520.00 and gave the stock a "market perform" rating in a report on Wednesday, May 7th. Morgan Stanley raised their target price on Ameriprise Financial from $507.00 to $542.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 4th. Royal Bank of Canada upped their price target on Ameriprise Financial from $550.00 to $565.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. Finally, Wall Street Zen upgraded Ameriprise Financial from a "sell" rating to a "hold" rating in a report on Friday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $517.13.

About Ameriprise Financial

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.