Ameriprise Financial, Inc. $AMP Holdings Raised by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its stake in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 2.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 301,367 shares of the financial services provider's stock after buying an additional 6,293 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.34% of Ameriprise Financial worth $148,378,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMP. Diversify Advisory Services LLC boosted its holdings in shares of Ameriprise Financial by 5.0% during the 3rd quarter. Diversify Advisory Services LLC now owns 2,397 shares of the financial services provider's stock valued at $1,205,000 after purchasing an additional 115 shares during the last quarter. South Shore Capital Advisors purchased a new position in shares of Ameriprise Financial during the third quarter valued at about $703,000. Bank Pictet & Cie Europe AG grew its position in shares of Ameriprise Financial by 5.8% during the third quarter. Bank Pictet & Cie Europe AG now owns 1,310 shares of the financial services provider's stock valued at $645,000 after purchasing an additional 72 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Ameriprise Financial by 1.6% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,942 shares of the financial services provider's stock valued at $5,880,000 after purchasing an additional 186 shares in the last quarter. Finally, CWA Asset Management Group LLC increased its holdings in shares of Ameriprise Financial by 6.0% in the third quarter. CWA Asset Management Group LLC now owns 605 shares of the financial services provider's stock worth $298,000 after purchasing an additional 34 shares during the last quarter. Institutional investors own 83.95% of the company's stock.

Insider Activity at Ameriprise Financial

In other Ameriprise Financial news, insider William Williams sold 8,210 shares of the company's stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $539.35, for a total value of $4,428,063.50. Following the transaction, the insider directly owned 6,780 shares in the company, valued at $3,656,793. This represents a 54.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Deirdre Mcgraw sold 2,400 shares of the company's stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $558.28, for a total transaction of $1,339,872.00. Following the completion of the transaction, the executive vice president owned 3,373 shares in the company, valued at $1,883,078.44. This represents a 41.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 29,988 shares of company stock valued at $16,316,497 in the last quarter. Corporate insiders own 0.60% of the company's stock.

Wall Street Analysts Forecast Growth

AMP has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods boosted their target price on Ameriprise Financial from $515.00 to $545.00 and gave the stock a "market perform" rating in a research report on Friday, July 24th. The Goldman Sachs Group lowered their target price on Ameriprise Financial from $562.00 to $524.00 and set a "neutral" rating for the company in a research report on Friday, October 2nd. Argus raised their target price on shares of Ameriprise Financial from $534.00 to $590.00 and gave the company a "buy" rating in a report on Friday, July 31st. Piper Sandler boosted their price target on shares of Ameriprise Financial from $518.00 to $561.00 in a research report on Thursday, July 23rd. Finally, Bank of America reaffirmed an "underperform" rating and set a $445.00 price target (down from $570.00) on shares of Ameriprise Financial in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Ameriprise Financial currently has a consensus rating of "Hold" and a consensus target price of $557.00.

Ameriprise Financial Stock Up 0.6%

Shares of AMP opened at $490.62 on Thursday. The firm has a market capitalization of $44.11 billion, a P/E ratio of 11.83, a P/E/G ratio of 1.05 and a beta of 1.16. Ameriprise Financial, Inc. has a 12-month low of $422.37 and a 12-month high of $572.56. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.99. The firm has a fifty day moving average price of $529.17 and a 200-day moving average price of $498.79.

Ameriprise Financial (NYSE:AMP - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $11.07 EPS for the quarter, topping analysts' consensus estimates of $10.81 by $0.26. Ameriprise Financial had a net margin of 20.24% and a return on equity of 64.19%. The firm had revenue of $4.90 billion for the quarter, compared to analysts' expectations of $4.87 billion. During the same period in the prior year, the business posted $9.11 earnings per share. The business's revenue for the quarter was up 11.6% on a year-over-year basis. Equities research analysts expect that Ameriprise Financial, Inc. will post 46.13 earnings per share for the current year.

Ameriprise Financial announced that its Board of Directors has initiated a share repurchase plan on Tuesday, September 29th that permits the company to repurchase $5.50 billion in outstanding shares. This repurchase authorization permits the financial services provider to purchase up to 12.3% of its shares through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its stock is undervalued.

Ameriprise Financial Company Profile

Ameriprise Financial, Inc NYSE: AMP is a diversified financial services company that provides advice, wealth management, asset management, insurance and retirement solutions. Through its network of financial advisors and digital platforms, the company serves individuals, families, businesses and institutions with financial planning, investment management and related services.

Its products and services include brokerage and advisory accounts, mutual funds and exchange-traded funds, retirement plans, annuities, life and long-term care insurance, banking services and financial planning.

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