Capital Fund Management S.A. Purchases 37,316 Shares of Ameriprise Financial, Inc. $AMP

Key Points

• Capital Fund Management S.A. raised its Ameriprise stake by 220.6%, buying 37,316 shares to hold 54,230 shares (about 0.06% of the company) valued at $26.64 million.
• Ameriprise beat quarterly estimates with EPS of $10.83 vs. $10.33 and revenue of $4.92B (+10.2% YoY), and it pays a quarterly dividend of $1.60 (annualized $6.40, yield ~1.4%).
• Market view and insider activity: analysts show mixed ratings with a consensus "Hold" and $555.67 target, even as insiders sold 16,658 shares (~$9M) in the last quarter.

Capital Fund Management S.A. raised its position in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 220.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 54,230 shares of the financial services provider's stock after buying an additional 37,316 shares during the quarter. Capital Fund Management S.A. owned about 0.06% of Ameriprise Financial worth $26,640,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. AE Wealth Management LLC grew its stake in Ameriprise Financial by 104.2% during the 3rd quarter. AE Wealth Management LLC now owns 3,962 shares of the financial services provider's stock valued at $1,946,000 after purchasing an additional 2,022 shares during the last quarter. National Pension Service increased its holdings in shares of Ameriprise Financial by 4.6% in the third quarter. National Pension Service now owns 152,980 shares of the financial services provider's stock valued at $75,151,000 after purchasing an additional 6,724 shares during the period. Optimize Financial Inc purchased a new position in shares of Ameriprise Financial in the third quarter worth about $453,000. Arjuna Capital lifted its holdings in shares of Ameriprise Financial by 14.6% during the third quarter. Arjuna Capital now owns 12,613 shares of the financial services provider's stock worth $6,196,000 after purchasing an additional 1,610 shares during the period. Finally, Candriam S.C.A. lifted its holdings in shares of Ameriprise Financial by 83.9% during the third quarter. Candriam S.C.A. now owns 63,839 shares of the financial services provider's stock worth $31,361,000 after purchasing an additional 29,116 shares during the period. 83.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AMP has been the topic of several research reports. Argus cut their price target on shares of Ameriprise Financial from $568.00 to $554.00 and set a "buy" rating on the stock in a report on Thursday, November 13th. Jefferies Financial Group lifted their price objective on shares of Ameriprise Financial from $600.00 to $620.00 and gave the company a "buy" rating in a research note on Monday, February 2nd. BMO Capital Markets reaffirmed a "market perform" rating on shares of Ameriprise Financial in a report on Tuesday, March 3rd. Weiss Ratings reissued a "buy (b-)" rating on shares of Ameriprise Financial in a report on Monday, December 29th. Finally, Raymond James Financial set a $582.00 target price on shares of Ameriprise Financial and gave the company a "strong-buy" rating in a research report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $555.67.

Ameriprise Financial Price Performance

NYSE:AMP opened at $450.42 on Thursday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.86. Ameriprise Financial, Inc. has a 52 week low of $396.14 and a 52 week high of $550.18. The stock's 50-day moving average price is $493.63 and its 200-day moving average price is $485.98. The stock has a market capitalization of $41.07 billion, a PE ratio of 12.39, a price-to-earnings-growth ratio of 1.06 and a beta of 1.27.

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

Ameriprise Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 9th were paid a dividend of $1.60 per share. 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 dividend payout ratio is presently 17.60%.

Insider Activity

In other news, CFO Walter Stanley Berman sold 7,000 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $544.22, for a total transaction of $3,809,540.00. Following the transaction, the chief financial officer owned 5,609 shares in the company, valued at $3,052,529.98. This trade represents a 55.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO William F. Truscott sold 5,000 shares of Ameriprise Financial stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $532.08, for a total transaction of $2,660,400.00. Following the completion of the sale, the chief executive officer directly owned 12,149 shares in the company, valued at $6,464,239.92. This represents a 29.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 16,658 shares of company stock worth $8,998,675 in the last quarter. Corporate insiders own 0.73% of the company's stock.

About Ameriprise Financial

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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