Nomura Asset Management Co. Ltd. Grows Stock Holdings in Ameriprise Financial, Inc. (NYSE:AMP)

Nomura Asset Management Co. Ltd. lifted its holdings in Ameriprise Financial, Inc. (NYSE:AMP) by 2.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 44,457 shares of the financial services provider’s stock after purchasing an additional 1,127 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Ameriprise Financial were worth $16,886,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Meeder Advisory Services Inc. lifted its position in shares of Ameriprise Financial by 1.1% in the 4th quarter. Meeder Advisory Services Inc. now owns 2,969 shares of the financial services provider’s stock worth $1,128,000 after purchasing an additional 31 shares during the period. Fidelis Capital Partners LLC lifted its position in Ameriprise Financial by 5.1% during the fourth quarter. Fidelis Capital Partners LLC now owns 656 shares of the financial services provider’s stock valued at $249,000 after acquiring an additional 32 shares during the last quarter. Signaturefd LLC lifted its position in Ameriprise Financial by 1.4% during the fourth quarter. Signaturefd LLC now owns 2,270 shares of the financial services provider’s stock valued at $862,000 after acquiring an additional 32 shares during the last quarter. Stratos Wealth Partners LTD. lifted its position in Ameriprise Financial by 1.5% during the fourth quarter. Stratos Wealth Partners LTD. now owns 2,176 shares of the financial services provider’s stock valued at $827,000 after acquiring an additional 33 shares during the last quarter. Finally, CI Investments Inc. increased its stake in Ameriprise Financial by 2.6% during the 3rd quarter. CI Investments Inc. now owns 1,336 shares of the financial services provider’s stock valued at $440,000 after purchasing an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Insider Transactions at Ameriprise Financial

In other news, Director Robert Francis Sharpe, Jr. sold 1,500 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $438.07, for a total value of $657,105.00. Following the transaction, the director now directly owns 11,000 shares of the company’s stock, valued at $4,818,770. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Robert Francis Sharpe, Jr. sold 1,500 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $438.07, for a total value of $657,105.00. Following the transaction, the director now directly owns 11,000 shares of the company’s stock, valued at $4,818,770. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Dawn M. Brockman sold 224 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $434.13, for a total transaction of $97,245.12. Following the sale, the senior vice president now owns 1,288 shares of the company’s stock, valued at $559,159.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,376 shares of company stock valued at $4,772,674. Corporate insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Morgan Stanley upped their price target on shares of Ameriprise Financial from $400.00 to $437.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Royal Bank of Canada upped their price target on shares of Ameriprise Financial from $470.00 to $480.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Evercore ISI increased their price objective on shares of Ameriprise Financial from $400.00 to $445.00 and gave the stock an “in-line” rating in a research note on Thursday, April 11th. Keefe, Bruyette & Woods increased their price objective on shares of Ameriprise Financial from $420.00 to $460.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 10th. Finally, Raymond James started coverage on shares of Ameriprise Financial in a research note on Thursday, March 21st. They issued a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $450.88.

Ameriprise Financial Stock Performance

AMP opened at $440.97 on Monday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.13. The company has a market cap of $43.80 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 0.75 and a beta of 1.35. Ameriprise Financial, Inc. has a 52-week low of $292.65 and a 52-week high of $442.09. The firm’s fifty day simple moving average is $426.41 and its two-hundred day simple moving average is $396.52.

Ameriprise Financial (NYSE:AMP) last posted its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $8.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.10 by $0.29. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.15 billion. Ameriprise Financial had a net margin of 19.42% and a return on equity of 75.97%. The company’s revenue was up 10.8% compared to the same quarter last year. During the same period last year, the firm posted $7.25 earnings per share. Equities analysts anticipate that Ameriprise Financial, Inc. will post 34.93 earnings per share for the current fiscal year.

Ameriprise Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Monday, May 6th were issued a dividend of $1.48 per share. 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. The ex-dividend date was Friday, May 3rd. Ameriprise Financial’s dividend payout ratio (DPR) is presently 20.15%.

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.