Ameriprise Financial, Inc. $AMP Position Raised by OMERS ADMINISTRATION Corp

Key Points

• OMERS ADMINISTRATION Corp increased its stake in Ameriprise Financial by 9.8%, acquiring an additional 679 shares, bringing its total holdings to 7,579 shares valued at approximately $3.67 million.
• Ameriprise Financial reported $9.11 earnings per share for the latest quarter, exceeding estimates of $9.00, with a revenue increase of 2.2% year-over-year.
• The company recently paid a quarterly dividend of $1.60 per share, representing an annualized dividend of $6.40 and a yield of 1.2%.

OMERS ADMINISTRATION Corp raised its position in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 9.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,579 shares of the financial services provider's stock after acquiring an additional 679 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Ameriprise Financial were worth $3,669,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Eisler Capital Management Ltd. grew its position in Ameriprise Financial by 176.9% in the first quarter. Eisler Capital Management Ltd. now owns 432 shares of the financial services provider's stock valued at $209,000 after acquiring an additional 276 shares in the last quarter. Wealth Preservation Advisors LLC acquired a new stake in Ameriprise Financial in the first quarter valued at approximately $29,000. Delta Investment Management LLC grew its position in Ameriprise Financial by 6.9% in the first quarter. Delta Investment Management LLC now owns 607 shares of the financial services provider's stock valued at $294,000 after acquiring an additional 39 shares in the last quarter. CreativeOne Wealth LLC grew its position in Ameriprise Financial by 9.6% in the first quarter. CreativeOne Wealth LLC now owns 911 shares of the financial services provider's stock valued at $441,000 after acquiring an additional 80 shares in the last quarter. Finally, Ieq Capital LLC grew its position in Ameriprise Financial by 43.9% in the first quarter. Ieq Capital LLC now owns 12,931 shares of the financial services provider's stock valued at $6,260,000 after acquiring an additional 3,945 shares in the last quarter. Institutional investors and hedge funds own 83.95% of the company's stock.

Ameriprise Financial Stock Performance

AMP traded down $2.95 during trading hours on Wednesday, hitting $509.88. 64,364 shares of the stock were exchanged, compared to its average volume of 497,277. The stock has a 50-day simple moving average of $521.61 and a 200-day simple moving average of $505.02. Ameriprise Financial, Inc. has a 12 month low of $396.14 and a 12 month high of $582.05. The stock has a market cap of $48.07 billion, a price-to-earnings ratio of 15.86, a price-to-earnings-growth ratio of 1.10 and a beta of 1.27. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.62 and a quick ratio of 0.62.

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

Ameriprise Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, August 4th were paid a dividend of $1.60 per share. The ex-dividend date was Monday, August 4th. This represents a $6.40 annualized dividend and a yield of 1.3%. Ameriprise Financial's dividend payout ratio (DPR) is 19.91%.

Analyst Ratings Changes

AMP has been the subject of several recent research reports. William Blair downgraded shares of Ameriprise Financial from an "outperform" rating to a "market perform" rating in a research report on Friday, July 25th. Keefe, Bruyette & Woods increased their price objective 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. Wall Street Zen upgraded Ameriprise Financial from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. Raymond James Financial increased their target price on Ameriprise Financial from $518.00 to $582.00 and gave the company a "strong-buy" rating in a research note on Friday, July 25th. Finally, Morgan Stanley cut Ameriprise Financial from an "equal weight" rating to an "underweight" rating and increased their target price for the company from $462.00 to $530.00 in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $534.71.

Insider Transactions at Ameriprise Financial

In other Ameriprise Financial news, CEO William F. Truscott sold 9,929 shares of the firm's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $506.89, for a total value of $5,032,910.81. Following the sale, the chief executive officer directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.57% of the stock is owned by company insiders.

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.