Ameriprise Financial, Inc. (NYSE:AMP) Holdings Increased by Vontobel Holding Ltd.

Vontobel Holding Ltd. increased its holdings in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 9.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,749 shares of the financial services provider's stock after acquiring an additional 686 shares during the quarter. Vontobel Holding Ltd.'s holdings in Ameriprise Financial were worth $3,751,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMP. SRS Capital Advisors Inc. increased its position in shares of Ameriprise Financial by 40.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 70 shares of the financial services provider's stock worth $37,000 after purchasing an additional 20 shares during the last quarter. HighPoint Advisor Group LLC grew its stake in Ameriprise Financial by 0.8% in the fourth quarter. HighPoint Advisor Group LLC now owns 2,683 shares of the financial services provider's stock worth $1,419,000 after purchasing an additional 20 shares in the last quarter. Forum Financial Management LP increased its holdings in Ameriprise Financial by 1.4% in the fourth quarter. Forum Financial Management LP now owns 1,484 shares of the financial services provider's stock valued at $790,000 after buying an additional 21 shares during the last quarter. Horizon Investments LLC raised its stake in Ameriprise Financial by 1.4% during the fourth quarter. Horizon Investments LLC now owns 1,602 shares of the financial services provider's stock valued at $851,000 after buying an additional 22 shares in the last quarter. Finally, Ritholtz Wealth Management lifted its holdings in Ameriprise Financial by 1.3% during the 1st quarter. Ritholtz Wealth Management now owns 1,761 shares of the financial services provider's stock worth $852,000 after buying an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 83.95% of the company's stock.

Ameriprise Financial Stock Performance

Shares of AMP traded up $0.62 during midday trading on Friday, hitting $543.06. 264,141 shares of the stock traded hands, compared to its average volume of 496,189. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.60 and a current ratio of 0.60. Ameriprise Financial, Inc. has a 1-year low of $385.74 and a 1-year high of $582.05. The business's 50 day moving average price is $508.17 and its two-hundred day moving average price is $511.31. The firm has a market capitalization of $51.71 billion, a PE ratio of 18.45, a price-to-earnings-growth ratio of 2.03 and a beta of 1.23.

Ameriprise Financial (NYSE:AMP - Get Free Report) last posted its earnings results on Thursday, April 24th. The financial services provider reported $9.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $9.08 by $0.42. Ameriprise Financial had a net margin of 17.14% and a return on equity of 68.93%. The firm had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.45 billion. During the same period in the previous year, the business posted $8.39 EPS. Ameriprise Financial's revenue was up 3.6% on a year-over-year basis. Equities research analysts predict that Ameriprise Financial, Inc. will post 38.64 EPS for the current fiscal year.

Ameriprise Financial declared that its Board of Directors has initiated a share buyback program on Thursday, April 24th that allows the company to buyback $4.50 billion in shares. This buyback authorization allows the financial services provider to buy up to 9.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board believes its stock is undervalued.

Ameriprise Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 5th were issued a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 1.18%. This is a positive change from Ameriprise Financial's previous quarterly dividend of $1.48. The ex-dividend date of this dividend was Monday, May 5th. Ameriprise Financial's dividend payout ratio is 21.75%.

Analyst Ratings Changes

AMP has been the topic of several research reports. Raymond James Financial raised Ameriprise Financial from a "market perform" rating to a "strong-buy" rating and set a $518.00 price target on the stock in a research report on Monday, April 7th. Keefe, Bruyette & Woods boosted their target price on shares of Ameriprise Financial from $510.00 to $520.00 and gave the company a "market perform" rating in a research note on Wednesday, May 7th. Piper Sandler raised 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. Royal Bank Of Canada lifted their price target on shares of Ameriprise Financial from $550.00 to $565.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. Finally, Wall Street Zen upgraded shares of Ameriprise Financial from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Ameriprise Financial presently has an average rating of "Hold" and an average target price of $517.86.

About Ameriprise Financial

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.