Ameriprise Financial, Inc. (NYSE:AMP) Stock Position Decreased by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group decreased its position in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 9.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 760 shares of the financial services provider’s stock after selling 82 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Ameriprise Financial were worth $97,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of AMP. Marshall Wace LLP increased its stake in Ameriprise Financial by 1,650.6% during the 1st quarter. Marshall Wace LLP now owns 92,504 shares of the financial services provider’s stock valued at $11,850,000 after purchasing an additional 87,220 shares in the last quarter. Financial Advisors Network Inc. purchased a new stake in shares of Ameriprise Financial in the 1st quarter valued at $384,000. Belpointe Asset Management LLC boosted its holdings in shares of Ameriprise Financial by 29.4% in the 1st quarter. Belpointe Asset Management LLC now owns 1,240 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 282 shares during the last quarter. Punch & Associates Investment Management Inc. boosted its holdings in shares of Ameriprise Financial by 3.1% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 38,479 shares of the financial services provider’s stock valued at $4,929,000 after acquiring an additional 1,148 shares during the last quarter. Finally, Sit Investment Associates Inc. boosted its holdings in shares of Ameriprise Financial by 45.4% in the 1st quarter. Sit Investment Associates Inc. now owns 25,780 shares of the financial services provider’s stock valued at $3,302,000 after acquiring an additional 8,050 shares during the last quarter. Hedge funds and other institutional investors own 81.11% of the company’s stock.

AMP stock traded up $0.72 during mid-day trading on Friday, hitting $151.14. 403,381 shares of the company were exchanged, compared to its average volume of 929,724. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $20.24 billion, a price-to-earnings ratio of 10.12 and a beta of 1.80. The firm’s fifty day simple moving average is $147.46. Ameriprise Financial, Inc. has a 12-month low of $95.69 and a 12-month high of $153.91.

Ameriprise Financial (NYSE:AMP) last posted its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $3.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.61 by $0.14. Ameriprise Financial had a net margin of 14.85% and a return on equity of 37.97%. The business had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same quarter last year, the firm posted $3.70 earnings per share. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, equities analysts expect that Ameriprise Financial, Inc. will post 15.9 EPS for the current fiscal year.

In related news, EVP Randy Kupper sold 5,160 shares of Ameriprise Financial stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $150.38, for a total value of $775,960.80. Following the completion of the transaction, the executive vice president now owns 23,656 shares in the company, valued at $3,557,389.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is owned by insiders.

Several analysts have recently commented on the stock. UBS Group reaffirmed a “buy” rating on shares of Linde in a report on Friday. Argus initiated coverage on shares of Ameriprise Financial in a report on Friday, July 5th. They set a “buy” rating on the stock. Citigroup cut shares of Barrick Gold to a “neutral” rating in a research report on Thursday, May 23rd. Credit Suisse Group reduced their target price on shares of Marathon Petroleum from $95.00 to $80.00 and set an “outperform” rating for the company in a research report on Monday, May 13th. Finally, ValuEngine cut shares of Wave Life Sciences from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Ameriprise Financial currently has an average rating of “Buy” and an average target price of $173.56.

Ameriprise Financial Profile

Ameriprise Financial, Inc, through its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through five segments: Advice & Wealth Management, Asset Management, Annuities, Protection, and Corporate & Other.

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

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