CHICAGO TRUST Co NA Boosts Stake in Ameriprise Financial, Inc. (NYSE:AMP)

CHICAGO TRUST Co NA increased its stake in Ameriprise Financial, Inc. (NYSE:AMPFree Report) by 4.3% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,469 shares of the financial services provider’s stock after buying an additional 144 shares during the period. CHICAGO TRUST Co NA’s holdings in Ameriprise Financial were worth $1,521,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMP. Norges Bank purchased a new stake in shares of Ameriprise Financial in the 4th quarter worth approximately $514,539,000. First Trust Advisors LP grew its stake in shares of Ameriprise Financial by 1,001.2% in the 4th quarter. First Trust Advisors LP now owns 564,110 shares of the financial services provider’s stock worth $214,266,000 after buying an additional 512,884 shares during the last quarter. TD Asset Management Inc boosted its stake in Ameriprise Financial by 151.5% during the 4th quarter. TD Asset Management Inc now owns 595,644 shares of the financial services provider’s stock valued at $226,243,000 after purchasing an additional 358,780 shares during the last quarter. Epoch Investment Partners Inc. boosted its stake in Ameriprise Financial by 104.7% during the 4th quarter. Epoch Investment Partners Inc. now owns 382,232 shares of the financial services provider’s stock valued at $145,183,000 after purchasing an additional 195,475 shares during the last quarter. Finally, Gillson Capital LP purchased a new stake in Ameriprise Financial during the 4th quarter valued at $47,511,000. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Analysts Set New Price Targets

AMP has been the topic of several recent analyst reports. Royal Bank of Canada increased their target price on Ameriprise Financial from $470.00 to $480.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Morgan Stanley increased their target price on Ameriprise Financial from $400.00 to $437.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Argus increased their price target on Ameriprise Financial from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, May 6th. Raymond James began coverage on Ameriprise Financial in a report on Thursday, March 21st. They set a “market perform” rating on the stock. Finally, Keefe, Bruyette & Woods increased their price target on Ameriprise Financial from $420.00 to $460.00 and gave the company a “market perform” rating in a report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $450.88.

Get Our Latest Stock Report on AMP

Insiders Place Their Bets

In other Ameriprise Financial news, SVP Dawn M. Brockman sold 224 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $434.13, for a total value of $97,245.12. Following the completion of the sale, the senior vice president now owns 1,288 shares of the company’s stock, valued at $559,159.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, SVP Dawn M. Brockman sold 224 shares of Ameriprise Financial stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $434.13, for a total transaction of $97,245.12. Following the completion of the sale, the senior vice president now owns 1,288 shares of the company’s stock, valued at $559,159.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gumer Alvero sold 1,652 shares of Ameriprise Financial stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $437.00, for a total transaction of $721,924.00. Following the sale, the insider now directly owns 6,994 shares of the company’s stock, valued at approximately $3,056,378. The disclosure for this sale can be found here. Insiders sold a total of 3,376 shares of company stock valued at $1,476,274 over the last 90 days. Insiders own 0.73% of the company’s stock.

Ameriprise Financial Price Performance

Shares of Ameriprise Financial stock traded up $2.16 during trading on Monday, reaching $443.04. 165,585 shares of the stock traded hands, compared to its average volume of 474,762. The company has a market capitalization of $44.00 billion, a price-to-earnings ratio of 15.01, a P/E/G ratio of 0.75 and a beta of 1.36. The business has a fifty day simple moving average of $426.52 and a two-hundred day simple moving average of $408.39. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.56 and a quick ratio of 0.56. Ameriprise Financial, Inc. has a 52-week low of $306.63 and a 52-week high of $446.32.

Ameriprise Financial (NYSE:AMPGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $8.39 EPS for the quarter, topping the consensus estimate of $8.10 by $0.29. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.15 billion. Ameriprise Financial had a return on equity of 75.97% and a net margin of 19.42%. The firm’s revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the business posted $7.25 earnings per share. Sell-side analysts expect that Ameriprise Financial, Inc. will post 34.95 EPS for the current year.

Ameriprise Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Monday, May 6th were paid a $1.48 dividend. The ex-dividend date was Friday, May 3rd. This represents a $5.92 annualized dividend and a yield of 1.34%. This is an increase from Ameriprise Financial’s previous quarterly dividend of $1.35. Ameriprise Financial’s dividend payout ratio (DPR) is presently 20.15%.

Ameriprise Financial Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Ameriprise Financial (NYSE:AMP)

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