Amundi Pioneer Asset Management Inc. Purchases 30,553 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Amundi Pioneer Asset Management Inc. boosted its stake in Ameriprise Financial, Inc. (NYSE:AMP) by 9.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 362,040 shares of the financial services provider’s stock after purchasing an additional 30,553 shares during the quarter. Amundi Pioneer Asset Management Inc. owned about 0.27% of Ameriprise Financial worth $46,376,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. MV Capital Management Inc. raised its stake in Ameriprise Financial by 81.5% in the first quarter. MV Capital Management Inc. now owns 196 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 88 shares in the last quarter. Farmers National Bank acquired a new position in Ameriprise Financial during the first quarter worth about $31,000. Hanson McClain Inc. raised its stake in Ameriprise Financial by 232.0% during the first quarter. Hanson McClain Inc. now owns 249 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 174 shares in the last quarter. Canton Hathaway LLC acquired a new position in Ameriprise Financial during the first quarter worth about $36,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA raised its stake in Ameriprise Financial by 40.4% during the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 278 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 80 shares in the last quarter. 80.91% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Randy Kupper sold 5,160 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was 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 of the company’s stock, valued at $3,557,389.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.90% of the company’s stock.

AMP has been the subject of several research analyst reports. Ameriprise Financial raised Ameriprise Financial from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $145.00 to $202.00 in a research note on Monday, May 13th. ValuEngine downgraded Wave Life Sciences from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. Argus initiated coverage on Ameriprise Financial in a research note on Friday, July 5th. They set a “buy” rating for the company. Citigroup downgraded Barrick Gold to a “neutral” rating in a research note on Thursday, May 23rd. Finally, Credit Suisse Group lowered their target price on Marathon Petroleum from $95.00 to $80.00 and set an “outperform” rating for the company in a research note on Monday, May 13th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $173.56.

Shares of Ameriprise Financial stock traded down $1.42 on Friday, hitting $148.66. The stock had a trading volume of 711,266 shares, compared to its average volume of 825,074. The company has a 50 day moving average of $148.17. Ameriprise Financial, Inc. has a twelve month low of $95.69 and a twelve month high of $153.91. 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 $20.10 billion, a price-to-earnings ratio of 9.95 and a beta of 1.80.

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

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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