Ameriprise Financial, Inc. $AMP Shares Bought by Capital Fund Management S.A.

Key Points

• Capital Fund Management S.A. increased its holdings in Ameriprise Financial by 10.8%, acquiring an additional 3,032 shares, bringing their total to 31,052 shares valued at approximately $15 million.
• Several large institutional investors, including GAMMA Investing LLC and JPMorgan Chase & Co., have significantly boosted their stakes in Ameriprise Financial, with GAMMA increasing its holdings by nearly 49,249%.
• Ameriprise Financial reported a strong earnings quarter, with earnings per share of $9.11, surpassing estimates, and declared a quarterly dividend of $1.60 per share, reflecting confidence in its financial health.

Capital Fund Management S.A. boosted its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 10.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,052 shares of the financial services provider's stock after buying an additional 3,032 shares during the quarter. Capital Fund Management S.A.'s holdings in Ameriprise Financial were worth $15,033,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMP. University of Texas Texas AM Investment Management Co. acquired a new position in Ameriprise Financial during the fourth quarter worth about $26,000. Sunbeam Capital Management LLC acquired a new stake in shares of Ameriprise Financial in the fourth quarter valued at approximately $31,000. Opal Wealth Advisors LLC acquired a new stake in shares of Ameriprise Financial in the first quarter valued at approximately $36,000. Quarry LP grew its position in shares of Ameriprise Financial by 148.6% in the fourth quarter. Quarry LP now owns 87 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 52 shares during the last quarter. Finally, TCTC Holdings LLC grew its position in shares of Ameriprise Financial by 100.0% in the first quarter. TCTC Holdings LLC now owns 98 shares of the financial services provider's stock valued at $47,000 after purchasing an additional 49 shares during the last quarter. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on AMP shares. Wall Street Zen upgraded shares of Ameriprise Financial from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. Keefe, Bruyette & Woods increased their price target on shares of Ameriprise Financial from $520.00 to $550.00 and gave the company a "market perform" rating in a research report on Wednesday, July 9th. William Blair lowered shares of Ameriprise Financial from an "outperform" rating to a "market perform" rating in a research report on Friday, July 25th. Royal Bank Of Canada increased their price target on shares of Ameriprise Financial from $595.00 to $601.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Finally, Morgan Stanley lowered shares of Ameriprise Financial from an "equal weight" rating to an "underweight" rating and increased their price target for the company from $462.00 to $530.00 in a research report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $534.71.

Insider Transactions at Ameriprise Financial

In related news, CEO William F. Truscott sold 9,929 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $506.89, for a total transaction of $5,032,910.81. Following the sale, the chief executive officer owned 11,047 shares in the company, valued at approximately $5,599,613.83. This trade represents a 47.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.73% of the company's stock.

Ameriprise Financial Trading Up 2.1%

NYSE AMP traded up $10.6240 during mid-day trading on Friday, reaching $515.8540. 441,906 shares of the stock were exchanged, compared to its average volume of 411,409. Ameriprise Financial, Inc. has a 1-year low of $396.14 and a 1-year high of $582.05. The business's fifty day simple moving average is $521.12 and its 200 day simple moving average is $506.04. The stock has a market capitalization of $48.63 billion, a PE ratio of 16.05, a PEG ratio of 1.10 and a beta of 1.24. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.62 and a current ratio of 0.62.

Ameriprise Financial (NYSE:AMP - Get Free Report) last announced its earnings results on Thursday, July 24th. The financial services provider reported $9.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $9.00 by $0.11. Ameriprise Financial had a net margin of 18.30% and a return on equity of 65.90%. The firm had revenue of $4.49 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same quarter last year, the business earned $8.72 earnings per share. Ameriprise Financial's revenue was up 2.2% compared to the same quarter last year. On average, research analysts anticipate that Ameriprise Financial, Inc. will post 38.64 earnings per share for the current fiscal year.

Ameriprise Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, August 4th were given a dividend of $1.60 per share. The ex-dividend date was Monday, August 4th. This represents a $6.40 dividend on an annualized basis and a yield of 1.2%. Ameriprise Financial's dividend payout ratio (DPR) is 19.91%.

Ameriprise Financial Company 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.