Banco Bilbao Vizcaya Argentaria S.A. Decreases Stock Position in Ameriprise Financial, Inc. $AMP

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. cut its stake in Ameriprise by 18.5% in Q3, selling 5,857 shares and finishing the period with 25,765 shares valued at about $12.65 million.
• Ameriprise recently beat estimates with Q4 EPS of $10.83 (vs. $10.33) and revenue of $4.92 billion (up 10.2% YoY), pays a $1.60 quarterly dividend ($6.40 annual, ~1.4% yield), and carries a consensus analyst rating of "Hold" with an average target of $555.67.
• Insiders sold stock this quarter (CEO sold 5,000 shares), totaling 16,658 shares worth roughly $9.0 million and leaving insiders with about 0.57% ownership.

Banco Bilbao Vizcaya Argentaria S.A. lessened its holdings in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 18.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,765 shares of the financial services provider's stock after selling 5,857 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Ameriprise Financial were worth $12,651,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. CreativeOne Wealth LLC boosted its stake in Ameriprise Financial by 2.3% in the 2nd quarter. CreativeOne Wealth LLC now owns 932 shares of the financial services provider's stock worth $497,000 after purchasing an additional 21 shares in the last quarter. Rexford Capital Inc. raised its holdings in shares of Ameriprise Financial by 20.6% in the third quarter. Rexford Capital Inc. now owns 123 shares of the financial services provider's stock worth $60,000 after buying an additional 21 shares during the last quarter. Dakota Community Bank & Trust NA raised its holdings in shares of Ameriprise Financial by 2.4% in the third quarter. Dakota Community Bank & Trust NA now owns 942 shares of the financial services provider's stock worth $463,000 after buying an additional 22 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Ameriprise Financial by 0.8% during the third quarter. UMB Bank n.a. now owns 3,062 shares of the financial services provider's stock worth $1,504,000 after buying an additional 23 shares during the period. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Ameriprise Financial by 5.4% during the second quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider's stock worth $239,000 after buying an additional 23 shares during the period. Hedge funds and other institutional investors own 83.95% of the company's stock.

Ameriprise Financial Trading Up 0.4%

Shares of Ameriprise Financial stock opened at $442.03 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a fifty day moving average price of $491.57 and a 200 day moving average price of $484.72. Ameriprise Financial, Inc. has a 1 year low of $396.14 and a 1 year high of $550.18. The stock has a market cap of $40.30 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 1.03 and a beta of 1.27.

Ameriprise Financial (NYSE:AMP - Get Free Report) last posted its earnings results on Thursday, January 29th. The financial services provider reported $10.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $10.33 by $0.50. Ameriprise Financial had a net margin of 19.28% and a return on equity of 63.04%. The company had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.75 billion. During the same period in the previous year, the firm posted $9.54 earnings per share. The firm's quarterly revenue was up 10.2% on a year-over-year basis. Equities research analysts predict that Ameriprise Financial, Inc. will post 38.64 earnings per share for the current year.

Ameriprise Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 9th were issued a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, February 9th. Ameriprise Financial's payout ratio is 17.60%.

Analysts Set New Price Targets

Several research firms recently issued reports on AMP. Raymond James Financial set a $582.00 target price on Ameriprise Financial and gave the company a "strong-buy" rating in a research report on Wednesday, February 11th. BMO Capital Markets reaffirmed a "market perform" rating on shares of Ameriprise Financial in a research report on Tuesday, March 3rd. Morgan Stanley boosted their price target on Ameriprise Financial from $484.00 to $485.00 and gave the company an "underweight" rating in a research note on Monday, December 22nd. Royal Bank Of Canada reissued an "outperform" rating and issued a $605.00 price objective (up from $580.00) on shares of Ameriprise Financial in a report on Monday, February 2nd. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Ameriprise Financial in a research note on Monday, December 29th. 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 one has assigned a Sell rating to the stock. According to data from MarketBeat, Ameriprise Financial has a consensus rating of "Hold" and an average target price of $555.67.

Insider Transactions at Ameriprise Financial

In other news, CEO William F. Truscott sold 5,000 shares of the company's stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $532.08, for a total value of $2,660,400.00. Following the sale, the chief executive officer owned 12,149 shares in the company, valued at $6,464,239.92. This represents a 29.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gumer Alvero sold 4,658 shares of the firm's stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $542.88, for a total value of $2,528,735.04. Following the sale, the insider directly owned 4,621 shares in the company, valued at approximately $2,508,648.48. This trade represents a 50.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 16,658 shares of company stock worth $8,998,675 over the last quarter. 0.57% of the stock is currently owned by insiders.

Ameriprise Financial Company Profile

Ameriprise Financial, Inc is a diversified financial services company headquartered in Minneapolis, Minnesota. The firm provides a range of advice-based wealth management, asset management and insurance products to individual and institutional clients. Its business model centers on delivering financial planning and investment advice through a network of financial advisors alongside proprietary product offerings designed to meet retirement, protection and accumulation needs.

Core products and services include comprehensive financial planning and advisory services, managed investment portfolios, retirement planning solutions, annuities and life insurance products.

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