Siemens Fonds Invest GmbH Has $1.17 Million Position in Ameriprise Financial, Inc. (NYSE:AMP)

Siemens Fonds Invest GmbH decreased its position in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 30.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,190 shares of the financial services provider's stock after selling 945 shares during the period. Siemens Fonds Invest GmbH's holdings in Ameriprise Financial were worth $1,166,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. SRS Capital Advisors Inc. boosted its holdings in Ameriprise Financial by 40.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 70 shares of the financial services provider's stock valued at $37,000 after acquiring an additional 20 shares during the last quarter. HighPoint Advisor Group LLC boosted its holdings in Ameriprise Financial by 0.8% in the fourth quarter. HighPoint Advisor Group LLC now owns 2,683 shares of the financial services provider's stock valued at $1,419,000 after acquiring an additional 20 shares during the last quarter. Abel Hall LLC boosted its holdings in Ameriprise Financial by 4.2% in the fourth quarter. Abel Hall LLC now owns 517 shares of the financial services provider's stock valued at $275,000 after acquiring an additional 21 shares during the last quarter. Forum Financial Management LP increased its stake in shares of Ameriprise Financial by 1.4% in the 4th quarter. Forum Financial Management LP now owns 1,484 shares of the financial services provider's stock valued at $790,000 after acquiring an additional 21 shares during the last quarter. Finally, Howard Capital Management Inc. increased its stake in shares of Ameriprise Financial by 3.4% in the 4th quarter. Howard Capital Management Inc. now owns 660 shares of the financial services provider's stock valued at $351,000 after acquiring an additional 22 shares during the last quarter. Institutional investors own 83.95% of the company's stock.

Ameriprise Financial Stock Down 0.3%

Shares of NYSE:AMP traded down $1.30 during trading on Friday, hitting $508.62. 932,956 shares of the company were exchanged, compared to its average volume of 496,006. The stock has a market cap of $48.43 billion, a price-to-earnings ratio of 15.38, a P/E/G ratio of 1.15 and a beta of 1.28. Ameriprise Financial, Inc. has a fifty-two week low of $385.74 and a fifty-two week high of $582.05. The firm has a fifty day moving average price of $483.11 and a two-hundred day moving average price of $518.57. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.01.

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

Ameriprise Financial Increases Dividend

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

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

Analyst Ratings Changes

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