Achmea Investment Management B.V. Has $12.18 Million Position in Ameriprise Financial, Inc. (NYSE:AMP)

Achmea Investment Management B.V. boosted its stake in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 2.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,168 shares of the financial services provider's stock after buying an additional 635 shares during the period. Achmea Investment Management B.V.'s holdings in Ameriprise Financial were worth $12,184,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of AMP. Transcend Capital Advisors LLC grew its position in Ameriprise Financial by 5.6% in the 1st quarter. Transcend Capital Advisors LLC now owns 1,505 shares of the financial services provider's stock valued at $729,000 after buying an additional 80 shares in the last quarter. PDS Planning Inc lifted its position in shares of Ameriprise Financial by 6.1% in the 1st quarter. PDS Planning Inc now owns 821 shares of the financial services provider's stock valued at $397,000 after acquiring an additional 47 shares in the last quarter. Penobscot Investment Management Company Inc. boosted its position in shares of Ameriprise Financial by 6.9% in the first quarter. Penobscot Investment Management Company Inc. now owns 4,232 shares of the financial services provider's stock worth $2,049,000 after buying an additional 272 shares during the period. Sequoia Financial Advisors LLC grew its stake in Ameriprise Financial by 13.9% during the 1st quarter. Sequoia Financial Advisors LLC now owns 7,667 shares of the financial services provider's stock valued at $3,712,000 after acquiring an additional 938 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in Ameriprise Financial by 5.1% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 438,596 shares of the financial services provider's stock worth $212,329,000 after buying an additional 21,447 shares in the last quarter. 83.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AMP. Morgan Stanley lifted their target price on shares of Ameriprise Financial from $507.00 to $542.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 4th. Keefe, Bruyette & Woods raised their price objective on shares of Ameriprise Financial from $510.00 to $520.00 and gave the stock a "market perform" rating in a research note on Wednesday, May 7th. Raymond James Financial upgraded Ameriprise Financial from a "market perform" rating to a "strong-buy" rating and set a $518.00 price objective for the company in a research report on Monday, April 7th. Royal Bank Of Canada boosted their price target on shares of Ameriprise Financial from $550.00 to $565.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. Finally, Wall Street Zen raised shares of Ameriprise Financial from a "sell" rating to a "hold" rating in a report on Friday, May 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $519.00.

Ameriprise Financial Price Performance

Shares of NYSE:AMP traded up $4.67 on Tuesday, hitting $538.40. The stock had a trading volume of 401,055 shares, compared to its average volume of 495,405. The company has a market capitalization of $51.27 billion, a price-to-earnings ratio of 18.29, a price-to-earnings-growth ratio of 1.97 and a beta of 1.24. Ameriprise Financial, Inc. has a twelve month low of $385.74 and a twelve month high of $582.05. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.60 and a current ratio of 0.60. The firm's 50 day moving average price is $503.94 and its 200-day moving average price is $510.95.

Ameriprise Financial (NYSE:AMP - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $9.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.08 by $0.42. Ameriprise Financial had a net margin of 17.14% and a return on equity of 68.93%. The business had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.45 billion. During the same quarter in the prior year, the company earned $8.39 EPS. The firm's quarterly revenue was up 3.6% on a year-over-year basis. On average, equities research analysts predict that Ameriprise Financial, Inc. will post 38.64 earnings per share for the current year.

Ameriprise Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Monday, May 5th were paid a $1.60 dividend. This is an increase 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 annualized dividend and a dividend yield of 1.19%. Ameriprise Financial's dividend payout ratio (DPR) is currently 21.75%.

Ameriprise Financial announced that its board has initiated a stock buyback program on Thursday, April 24th that permits the company to buyback $4.50 billion in outstanding shares. This buyback authorization permits the financial services provider to repurchase up to 9.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's management believes its stock is undervalued.

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.