Janus Henderson Group PLC Buys 530 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Janus Henderson Group PLC lifted its holdings in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 4.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,054 shares of the financial services provider's stock after purchasing an additional 530 shares during the period. Janus Henderson Group PLC's holdings in Ameriprise Financial were worth $6,421,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. TCTC Holdings LLC acquired a new position in Ameriprise Financial during the fourth quarter valued at $26,000. Whipplewood Advisors LLC purchased a new position in Ameriprise Financial during the 4th quarter valued at about $28,000. Rialto Wealth Management LLC purchased a new position in Ameriprise Financial during the 4th quarter valued at about $28,000. Wingate Wealth Advisors Inc. purchased a new position in Ameriprise Financial during the 4th quarter valued at about $30,000. Finally, Sound Income Strategies LLC purchased a new position in Ameriprise Financial during the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 83.95% of the company's stock.

Ameriprise Financial Stock Down 0.7%

AMP stock traded down $3.51 during trading hours on Friday, hitting $504.70. The company's stock had a trading volume of 379,427 shares, compared to its average volume of 493,588. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $48.06 billion, a PE ratio of 15.27, a price-to-earnings-growth ratio of 1.15 and a beta of 1.28. Ameriprise Financial, Inc. has a 12 month low of $385.74 and a 12 month high of $582.05. The stock has a 50 day moving average price of $482.22 and a two-hundred day moving average price of $520.24.

Ameriprise Financial (NYSE:AMP - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $9.50 earnings per share for the quarter, beating analysts' consensus estimates 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 last year, the business earned $8.39 EPS. The firm's revenue was up 3.6% compared to the same quarter last year. On average, equities research analysts expect that Ameriprise Financial, Inc. will post 38.64 earnings per share for the current year.

Ameriprise Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 5th were paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.27%. This is an increase from Ameriprise Financial's previous quarterly dividend of $1.48. The ex-dividend date was Monday, May 5th. Ameriprise Financial's dividend payout ratio (DPR) is presently 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 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 often an indication that the company's management believes its shares are undervalued.

Analyst Ratings Changes

AMP has been the topic of a number of research analyst reports. Piper Sandler boosted their price objective 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. Raymond James raised shares of Ameriprise Financial from a "market perform" rating to a "strong-buy" rating and set a $518.00 price objective on the stock in a research report on Monday, April 7th. Royal Bank of Canada increased their price objective on Ameriprise Financial from $550.00 to $565.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. Morgan Stanley increased their price objective on Ameriprise Financial from $507.00 to $542.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 4th. Finally, Wall Street Zen lowered Ameriprise Financial from a "hold" rating to a "sell" rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $517.13.

Ameriprise Financial Profile

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.