Robeco Institutional Asset Management B.V. Sells 5,369 Shares of Ameriprise Financial, Inc. $AMP

Key Points

• Robeco Institutional Asset Management reduced its stake in Ameriprise Financial by 1.5%, selling 5,369 shares and now holds 352,115 shares valued at about $172.7 million (≈0.38% ownership).
• Ameriprise beat estimates for the quarter with $10.83 EPS vs. $10.33 expected and revenue of $4.92 billion (up 10.2% YoY); the stock trades at a PE of 12.28 with a consensus target price of $544.22 and a $40.7 billion market cap.
• Insider selling has been notable—CEO William F. Truscott and others sold shares, with insiders offloading 16,658 shares (~$9.0M) in the past three months—while institutional investors own roughly 83.95% of the stock and insiders hold about 0.60%.

Robeco Institutional Asset Management B.V. reduced its holdings in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 1.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 352,115 shares of the financial services provider's stock after selling 5,369 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.38% of Ameriprise Financial worth $172,656,000 as of its most recent filing with the Securities & Exchange Commission.

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

Ameriprise Financial Price Performance

AMP stock opened at $446.48 on Friday. Ameriprise Financial, Inc. has a 12 month low of $422.37 and a 12 month high of $550.18. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.86. The company has a 50-day moving average price of $465.46 and a 200 day moving average price of $476.68. The stock has a market cap of $40.71 billion, a PE ratio of 12.28, a P/E/G ratio of 1.08 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 EPS for the quarter, topping analysts' consensus estimates of $10.33 by $0.50. Ameriprise Financial had a net margin of 19.28% and a return on equity of 63.04%. The firm had revenue of $4.92 billion during the quarter, compared to analysts' expectations of $4.75 billion. During the same period in the previous year, the company earned $9.54 EPS. The firm's revenue for the quarter was up 10.2% compared to the same quarter last year. Equities research analysts anticipate that Ameriprise Financial, Inc. will post 38.64 earnings per share for the current year.

Ameriprise Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 9th were paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, February 9th. Ameriprise Financial's dividend payout ratio is currently 17.60%.

Analysts Set New Price Targets

AMP has been the subject of a number of recent research reports. Royal Bank Of Canada reissued an "outperform" rating and issued a $605.00 price objective (up from $580.00) on shares of Ameriprise Financial in a research note on Monday, February 2nd. Morgan Stanley dropped their price objective on shares of Ameriprise Financial from $485.00 to $452.00 and set an "underweight" rating for the company in a research note on Friday. BMO Capital Markets reaffirmed a "market perform" rating on shares of Ameriprise Financial in a research note on Tuesday, March 3rd. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Ameriprise Financial in a research note on Monday, December 29th. Finally, Jefferies Financial Group lifted their price target on shares of Ameriprise Financial from $600.00 to $620.00 and gave the stock a "buy" rating in a research note on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $544.22.

Insiders Place Their Bets

In other news, CEO William F. Truscott sold 5,000 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 12,149 shares of the company's stock, valued at approximately $6,464,239.92. This trade represents a 29.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Gumer Alvero sold 4,658 shares of Ameriprise Financial stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $542.88, for a total transaction of $2,528,735.04. Following the sale, the insider directly owned 4,621 shares of the company's stock, valued at $2,508,648.48. This represents a 50.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 16,658 shares of company stock worth $8,998,675 in the last three months. Corporate insiders own 0.60% of the company's stock.

Ameriprise Financial Company Profile

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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