Vanguard Personalized Indexing Management LLC Has $6.55 Million Stock Position in Ameriprise Financial, Inc. (NYSE:AMP)

Vanguard Personalized Indexing Management LLC raised its stake in Ameriprise Financial, Inc. (NYSE:AMP) by 12.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,336 shares of the financial services provider’s stock after acquiring an additional 1,644 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Ameriprise Financial were worth $6,551,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Empirical Finance LLC raised its position in Ameriprise Financial by 3.0% in the 1st quarter. Empirical Finance LLC now owns 3,896 shares of the financial services provider’s stock worth $1,708,000 after purchasing an additional 113 shares during the last quarter. Nomura Holdings Inc. bought a new stake in shares of Ameriprise Financial during the fourth quarter worth $775,000. State Board of Administration of Florida Retirement System lifted its stake in shares of Ameriprise Financial by 7.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 118,211 shares of the financial services provider’s stock valued at $51,828,000 after acquiring an additional 8,693 shares during the period. TD Asset Management Inc boosted its holdings in Ameriprise Financial by 151.5% in the fourth quarter. TD Asset Management Inc now owns 595,644 shares of the financial services provider’s stock valued at $226,243,000 after acquiring an additional 358,780 shares during the last quarter. Finally, BDF Gestion acquired a new stake in Ameriprise Financial in the second quarter worth about $2,836,000. 83.95% of the stock is owned by institutional investors.

Insider Transactions at Ameriprise Financial

In related news, VP William Davies sold 8,700 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $442.07, for a total value of $3,846,009.00. Following the completion of the transaction, the vice president now directly owns 13,199 shares of the company’s stock, valued at approximately $5,834,881.93. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.73% of the stock is owned by insiders.

Ameriprise Financial Stock Performance

Shares of Ameriprise Financial stock opened at $451.33 on Thursday. The stock’s fifty day simple moving average is $429.39 and its 200 day simple moving average is $427.90. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $44.83 billion, a PE ratio of 15.36, a PEG ratio of 0.75 and a beta of 1.35. Ameriprise Financial, Inc. has a 12 month low of $306.63 and a 12 month high of $458.23.

Ameriprise Financial (NYSE:AMP) last released its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $8.72 earnings per share for the quarter, beating the consensus estimate of $8.53 by $0.19. Ameriprise Financial had a return on equity of 73.83% and a net margin of 18.64%. The business had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $4.24 billion. During the same quarter in the previous year, the business posted $7.44 EPS. Ameriprise Financial’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, research analysts predict that Ameriprise Financial, Inc. will post 34.81 EPS for the current year.

Ameriprise Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 5th were issued a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend was Monday, August 5th. Ameriprise Financial’s dividend payout ratio (DPR) is presently 20.15%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Royal Bank of Canada upped their target price on shares of Ameriprise Financial from $487.00 to $500.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. Piper Sandler reduced their price objective on shares of Ameriprise Financial from $390.00 to $387.00 and set an “underweight” rating on the stock in a research note on Friday, June 28th. Keefe, Bruyette & Woods dropped their target price on shares of Ameriprise Financial from $470.00 to $460.00 and set a “market perform” rating for the company in a research report on Tuesday, July 30th. Morgan Stanley reduced their price target on Ameriprise Financial from $444.00 to $440.00 and set an “equal weight” rating on the stock in a research report on Monday, July 29th. Finally, Jefferies Financial Group upped their price objective on Ameriprise Financial from $500.00 to $504.00 and gave the company a “buy” rating in a report on Friday, June 28th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Ameriprise Financial has an average rating of “Hold” and a consensus price target of $464.33.

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.