Ensign Peak Advisors Inc Has $6.59 Million Position in Ameriprise Financial, Inc. (NYSE:AMP)

Ensign Peak Advisors Inc lessened its holdings in Ameriprise Financial, Inc. (NYSE:AMP) by 40.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,457 shares of the financial services provider’s stock after selling 18,095 shares during the period. Ensign Peak Advisors Inc’s holdings in Ameriprise Financial were worth $6,585,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Prentice Wealth Management LLC lifted its stake in shares of Ameriprise Financial by 1.0% in the 2nd quarter. Prentice Wealth Management LLC now owns 3,873 shares of the financial services provider’s stock valued at $964,000 after purchasing an additional 38 shares during the last quarter. CX Institutional lifted its stake in shares of Ameriprise Financial by 22.9% in the 2nd quarter. CX Institutional now owns 220 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 41 shares during the last quarter. Intersect Capital LLC lifted its stake in shares of Ameriprise Financial by 4.2% in the 2nd quarter. Intersect Capital LLC now owns 1,145 shares of the financial services provider’s stock valued at $285,000 after purchasing an additional 46 shares during the last quarter. Sunbelt Securities Inc. lifted its stake in shares of Ameriprise Financial by 4.1% in the 1st quarter. Sunbelt Securities Inc. now owns 1,202 shares of the financial services provider’s stock valued at $279,000 after purchasing an additional 47 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its stake in shares of Ameriprise Financial by 18.9% in the 1st quarter. Penserra Capital Management LLC now owns 302 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 48 shares during the last quarter. 82.21% of the stock is owned by institutional investors and hedge funds.

In other Ameriprise Financial news, CEO William F. Truscott sold 19,522 shares of the business’s stock in a transaction dated Thursday, August 26th. The shares were sold at an average price of $271.39, for a total value of $5,298,075.58. Following the transaction, the chief executive officer now directly owns 67,055 shares in the company, valued at $18,198,056.45. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Joseph Edward Sweeney sold 11,210 shares of the business’s stock in a transaction dated Monday, August 9th. The shares were sold at an average price of $265.52, for a total transaction of $2,976,479.20. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

AMP has been the subject of a number of research analyst reports. Wolfe Research initiated coverage on shares of Ameriprise Financial in a research report on Tuesday. They set an “outperform” rating and a $328.00 target price for the company. UBS Group boosted their target price on shares of Ameriprise Financial from $285.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, July 8th. Morgan Stanley reissued an “equal weight” rating and set a $248.38 target price (down previously from $260.00) on shares of Ameriprise Financial in a research report on Tuesday, July 27th. Finally, boosted their target price on shares of Ameriprise Financial from $265.00 to $290.00 and gave the stock a “buy” rating in a research report on Monday, June 21st. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Ameriprise Financial currently has an average rating of “Buy” and an average target price of $268.34.

NYSE:AMP opened at $278.35 on Thursday. The firm’s 50-day moving average is $269.24 and its 200-day moving average is $257.28. Ameriprise Financial, Inc. has a 52-week low of $155.33 and a 52-week high of $284.09. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market cap of $31.66 billion, a price-to-earnings ratio of 31.81 and a beta of 1.69.

Ameriprise Financial (NYSE:AMP) last posted its earnings results on Sunday, July 25th. The financial services provider reported $5.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $5.21 by $0.06. The business had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.38 billion. Ameriprise Financial had a net margin of 8.22% and a return on equity of 41.42%. During the same quarter in the previous year, the firm posted $2.64 earnings per share. Equities analysts predict that Ameriprise Financial, Inc. will post 21.75 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 20th. Investors of record on Monday, August 9th were paid a $1.13 dividend. The ex-dividend date was Friday, August 6th. This represents a $4.52 dividend on an annualized basis and a yield of 1.62%. Ameriprise Financial’s payout ratio is currently 32.10%.

Ameriprise Financial Company Profile

Ameriprise Financial, Inc operates as a holding company. The firm provides financial planning, asset management and insurance services to individuals, businesses and institutions. It operates through the following business 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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