Robeco Institutional Asset Management B.V. Cuts Holdings in Ameriprise Financial, Inc. $AMP

Key Points

• Robeco Institutional Asset Management B.V. reduced its holdings in Ameriprise Financial by 24.1%, owning 333,016 shares worth approximately $177.7 million after selling 105,580 shares.
• Several institutional investors have recently increased or established new stakes in Ameriprise Financial, with hedge funds and institutions owning 83.95% of the company's stock.
• A number of analysts have adjusted their price targets for Ameriprise Financial, with a consensus rating of "Hold" and a price target of $536.83.

Robeco Institutional Asset Management B.V. decreased its position in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 24.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 333,016 shares of the financial services provider's stock after selling 105,580 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.35% of Ameriprise Financial worth $177,741,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Preservation Advisors LLC purchased a new stake in shares of Ameriprise Financial during the first quarter worth about $29,000. TD Capital Management LLC increased its stake in shares of Ameriprise Financial by 566.7% during the first quarter. TD Capital Management LLC now owns 60 shares of the financial services provider's stock worth $29,000 after purchasing an additional 51 shares in the last quarter. WPG Advisers LLC purchased a new stake in shares of Ameriprise Financial during the first quarter worth about $33,000. Opal Wealth Advisors LLC purchased a new stake in shares of Ameriprise Financial during the first quarter worth about $36,000. Finally, TCTC Holdings LLC increased its stake in shares of Ameriprise Financial by 100.0% during the first quarter. TCTC Holdings LLC now owns 98 shares of the financial services provider's stock worth $47,000 after purchasing an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 83.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AMP shares. Keefe, Bruyette & Woods boosted their target price on shares of Ameriprise Financial from $520.00 to $550.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 9th. Raymond James Financial boosted their target price on shares of Ameriprise Financial from $518.00 to $582.00 and gave the stock a "strong-buy" rating in a research note on Friday, July 25th. Royal Bank Of Canada boosted their target price on shares of Ameriprise Financial from $595.00 to $601.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. William Blair lowered shares of Ameriprise Financial from an "outperform" rating to a "market perform" rating in a research report on Friday, July 25th. Finally, Piper Sandler boosted their price target on shares of Ameriprise Financial from $423.00 to $434.00 and gave the stock an "underweight" rating in a research report on Thursday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Ameriprise Financial has a consensus rating of "Hold" and a consensus price target of $536.83.

Insider Activity

In other Ameriprise Financial news, CEO William F. Truscott sold 9,929 shares of the business's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $506.89, for a total value of $5,032,910.81. Following the transaction, the chief executive officer directly owned 11,047 shares in the company, valued at $5,599,613.83. The trade was a 47.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Heather J. Melloh sold 1,500 shares of the business's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $512.34, for a total transaction of $768,510.00. Following the completion of the transaction, the executive vice president owned 2,562 shares in the company, valued at $1,312,615.08. The trade was a 36.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.73% of the company's stock.

Ameriprise Financial Stock Performance

AMP opened at $487.04 on Thursday. The firm has a market capitalization of $45.91 billion, a PE ratio of 15.15, a PEG ratio of 1.05 and a beta of 1.26. Ameriprise Financial, Inc. has a twelve month low of $396.14 and a twelve month high of $582.05. The firm's 50-day moving average price is $504.05 and its 200 day moving average price is $502.09. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.95.

Ameriprise Financial (NYSE:AMP - Get Free Report) last posted its earnings results on Thursday, July 24th. The financial services provider reported $9.11 earnings per share for the quarter, beating the consensus estimate of $9.00 by $0.11. The company had revenue of $4.49 billion for the quarter, compared to analyst estimates of $4.33 billion. Ameriprise Financial had a net margin of 18.30% and a return on equity of 65.90%. Ameriprise Financial's revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the business posted $8.72 EPS. As a group, sell-side analysts expect that Ameriprise Financial, Inc. will post 38.64 EPS for the current fiscal year.

Ameriprise Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, August 4th were issued a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, August 4th. Ameriprise Financial's payout ratio is presently 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.

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