Amundi Pioneer Asset Management Inc. Acquires 9,146 Shares of Ameriprise Financial, Inc. (AMP)

Amundi Pioneer Asset Management Inc. raised its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 331,487 shares of the financial services provider’s stock after acquiring an additional 9,146 shares during the quarter. Amundi Pioneer Asset Management Inc. owned approximately 0.24% of Ameriprise Financial worth $34,597,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in AMP. Cambridge Investment Research Advisors Inc. raised its position in shares of Ameriprise Financial by 15.8% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 6,256 shares of the financial services provider’s stock valued at $924,000 after buying an additional 853 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of Ameriprise Financial by 16.4% during the third quarter. Commonwealth Equity Services LLC now owns 17,825 shares of the financial services provider’s stock valued at $2,632,000 after buying an additional 2,512 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Ameriprise Financial by 253.4% during the third quarter. SG Americas Securities LLC now owns 22,272 shares of the financial services provider’s stock valued at $3,289,000 after buying an additional 15,970 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Ameriprise Financial by 11.4% during the third quarter. JPMorgan Chase & Co. now owns 2,577,013 shares of the financial services provider’s stock valued at $380,523,000 after buying an additional 263,728 shares during the last quarter. Finally, MML Investors Services LLC raised its position in shares of Ameriprise Financial by 111.6% during the third quarter. MML Investors Services LLC now owns 11,457 shares of the financial services provider’s stock valued at $1,692,000 after buying an additional 6,042 shares during the last quarter. 84.98% of the stock is owned by institutional investors and hedge funds.

NYSE:AMP traded down $1.27 during mid-day trading on Monday, hitting $141.27. The company’s stock had a trading volume of 657,554 shares, compared to its average volume of 974,548. Ameriprise Financial, Inc. has a fifty-two week low of $95.69 and a fifty-two week high of $153.15. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $19.23 billion, a PE ratio of 9.46 and a beta of 1.91.

Ameriprise Financial (NYSE:AMP) last posted its quarterly earnings results on Wednesday, January 30th. The financial services provider reported $3.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.68 by $0.12. The firm had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.15 billion. Ameriprise Financial had a net margin of 16.35% and a return on equity of 38.65%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.18 earnings per share. On average, research analysts expect that Ameriprise Financial, Inc. will post 15.35 EPS for the current year.

AMP has been the subject of a number of research analyst reports. Sandler O’Neill raised shares of Ameriprise Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, January 2nd. UBS Group upped their price objective on shares of Ameriprise Financial from $156.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Zacks Investment Research raised shares of Ameriprise Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, February 26th. Royal Bank of Canada set a $134.00 price target on shares of Ameriprise Financial and gave the stock a “hold” rating in a research report on Saturday, February 2nd. Finally, Morgan Stanley dropped their price target on shares of Ameriprise Financial from $170.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, January 11th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $152.38.

In other Ameriprise Financial news, EVP Colin Moore sold 24,032 shares of the company’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $133.64, for a total transaction of $3,211,636.48. Following the sale, the executive vice president now directly owns 56,447 shares of the company’s stock, valued at $7,543,577.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is currently owned by corporate insiders.

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Ameriprise Financial Company 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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