AG2R LA Mondiale Gestion D Actifs Takes Position in Ameriprise Financial, Inc. $AMP

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired 3,712 shares of Ameriprise Financial, Inc., totaling approximately $1.89 million according to their recent Form 13F filing.
• Ameriprise Financial's latest earnings report showed an EPS of $9.11, exceeding analysts' expectations, with reported revenue of $4.49 billion for the quarter.
• The company announced a quarterly dividend of $1.60 per share, reflecting an annualized dividend of $6.40 and a yield of 1.3%.

AG2R LA Mondiale Gestion D Actifs acquired a new stake in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 3,712 shares of the financial services provider's stock, valued at approximately $1,890,000.

Several other large investors also recently made changes to their positions in AMP. Brighton Jones LLC boosted its holdings in shares of Ameriprise Financial by 6.9% in the 4th quarter. Brighton Jones LLC now owns 777 shares of the financial services provider's stock valued at $413,000 after buying an additional 50 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in Ameriprise Financial in the 4th quarter valued at $633,000. Gotham Asset Management LLC raised its stake in Ameriprise Financial by 10.6% in the 4th quarter. Gotham Asset Management LLC now owns 1,884 shares of the financial services provider's stock valued at $1,003,000 after acquiring an additional 180 shares during the period. Group One Trading LLC raised its stake in Ameriprise Financial by 178.0% in the 4th quarter. Group One Trading LLC now owns 278 shares of the financial services provider's stock valued at $148,000 after acquiring an additional 178 shares during the period. Finally, Janus Henderson Group PLC raised its stake in Ameriprise Financial by 4.6% in the 4th quarter. Janus Henderson Group PLC now owns 12,054 shares of the financial services provider's stock valued at $6,421,000 after acquiring an additional 530 shares during the period. Institutional investors and hedge funds own 83.95% of the company's stock.

Analyst Upgrades and Downgrades

AMP has been the topic of a number of research analyst reports. William Blair cut Ameriprise Financial from an "outperform" rating to a "market perform" rating in a research note on Friday, July 25th. Morgan Stanley cut Ameriprise Financial from an "equal weight" rating to an "underweight" rating and increased their price target for the company from $462.00 to $530.00 in a research note on Tuesday, July 15th. Keefe, Bruyette & Woods increased their price target on Ameriprise Financial from $520.00 to $550.00 and gave the company a "market perform" rating in a research note on Wednesday, July 9th. Wall Street Zen upgraded Ameriprise Financial from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. Finally, Raymond James Financial increased their price objective on Ameriprise Financial from $518.00 to $582.00 and gave the stock a "strong-buy" rating in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $534.71.

Ameriprise Financial Price Performance

Shares of AMP traded down $10.09 during trading hours on Monday, hitting $486.99. 632,810 shares of the company were exchanged, compared to its average volume of 395,241. The company has a market cap of $45.91 billion, a price-to-earnings ratio of 15.15, a P/E/G ratio of 1.06 and a beta of 1.27. Ameriprise Financial, Inc. has a fifty-two week low of $396.14 and a fifty-two week high of $582.05. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.95. The firm's fifty day moving average is $514.75 and its 200 day moving average is $502.38.

Ameriprise Financial (NYSE:AMP - Get Free Report) last released its earnings results on Thursday, July 24th. The financial services provider reported $9.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.00 by $0.11. The company had revenue of $4.49 billion for the quarter, compared to analyst estimates of $4.33 billion. Ameriprise Financial had a return on equity of 65.90% and a net margin of 18.30%.Ameriprise Financial's quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm posted $8.72 EPS. On average, equities analysts anticipate that Ameriprise Financial, Inc. will post 38.64 earnings per share for the current fiscal year.

Ameriprise Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, August 4th were paid a $1.60 dividend. The ex-dividend date of this dividend was Monday, August 4th. This represents a $6.40 annualized dividend and a yield of 1.3%. Ameriprise Financial's dividend payout ratio (DPR) is 19.91%.

Insider Activity

In related news, CEO William F. Truscott sold 9,929 shares of the firm's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $506.89, for a total value of $5,032,910.81. Following the sale, the chief executive officer directly owned 11,047 shares of the company's stock, valued at $5,599,613.83. This trade represents a 47.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Heather J. Melloh sold 1,500 shares of the firm's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $512.34, for a total value of $768,510.00. Following the completion of the sale, the executive vice president directly owned 2,562 shares in the company, valued at $1,312,615.08. This trade represents a 36.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.57% of the company's stock.

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.