Mn Services Vermogensbeheer B.V. Sells 2,800 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Mn Services Vermogensbeheer B.V. trimmed its holdings in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 7.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,954 shares of the financial services provider's stock after selling 2,800 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Ameriprise Financial were worth $17,890,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Jones Financial Companies Lllp boosted its stake in Ameriprise Financial by 24.3% during the 4th quarter. Jones Financial Companies Lllp now owns 1,674 shares of the financial services provider's stock valued at $891,000 after purchasing an additional 327 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Ameriprise Financial during the fourth quarter worth $43,000. Van ECK Associates Corp raised its position in Ameriprise Financial by 35.6% in the 4th quarter. Van ECK Associates Corp now owns 22,539 shares of the financial services provider's stock valued at $12,000,000 after buying an additional 5,919 shares during the last quarter. Fisher Asset Management LLC bought a new position in Ameriprise Financial during the 4th quarter valued at $214,000. Finally, IPG Investment Advisors LLC bought a new position in Ameriprise Financial during the 4th quarter valued at $1,353,000. 83.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AMP. Morgan Stanley raised their price target on shares of Ameriprise Financial from $507.00 to $542.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 4th. Keefe, Bruyette & Woods upped their target price on Ameriprise Financial from $510.00 to $520.00 and gave the company a "market perform" rating in a report on Wednesday, May 7th. Royal Bank of Canada lifted their price target on Ameriprise Financial from $550.00 to $565.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. Raymond James upgraded Ameriprise Financial from a "market perform" rating to a "strong-buy" rating and set a $518.00 price objective for the company in a research note on Monday, April 7th. Finally, Wall Street Zen raised Ameriprise Financial from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, Ameriprise Financial has an average rating of "Hold" and an average target price of $517.13.

Ameriprise Financial Stock Performance

Shares of AMP stock traded up $10.93 on Monday, hitting $512.61. 359,415 shares of the stock were exchanged, compared to its average volume of 495,893. The firm's 50 day moving average is $491.95 and its two-hundred day moving average is $514.08. Ameriprise Financial, Inc. has a one year low of $385.74 and a one year high of $582.05. The firm has a market capitalization of $48.81 billion, a PE ratio of 15.51, a P/E/G ratio of 1.15 and a beta of 1.24. 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 issued its earnings results on Thursday, April 24th. The financial services provider reported $9.50 earnings per share for the quarter, topping analysts' consensus estimates of $9.08 by $0.42. The firm had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.45 billion. Ameriprise Financial had a net margin of 19.70% and a return on equity of 69.35%. The company's quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the business earned $8.39 earnings per share. Sell-side analysts expect that Ameriprise Financial, Inc. will post 38.64 earnings per share for the current fiscal year.

Ameriprise Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Monday, May 5th were issued a $1.60 dividend. 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 1.25%. 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 of Directors has initiated a share repurchase program on Thursday, April 24th that authorizes the company to buyback $4.50 billion in outstanding shares. This buyback authorization authorizes the financial services provider to buy up to 9.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.

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.