Teacher Retirement System of Texas Decreases Position in Ameriprise Financial, Inc. (AMP)

Teacher Retirement System of Texas reduced its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 21.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,898 shares of the financial services provider’s stock after selling 13,864 shares during the quarter. Teacher Retirement System of Texas’ holdings in Ameriprise Financial were worth $5,208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in AMP. Oregon Public Employees Retirement Fund grew its holdings in Ameriprise Financial by 9,885.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,413,630 shares of the financial services provider’s stock valued at $33,000 after buying an additional 3,379,445 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Ameriprise Financial by 11.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,437,464 shares of the financial services provider’s stock valued at $507,575,000 after buying an additional 342,277 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Ameriprise Financial by 11.4% during the 3rd 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 in the last quarter. Rehmann Capital Advisory Group grew its holdings in Ameriprise Financial by 14,548.5% during the 3rd quarter. Rehmann Capital Advisory Group now owns 186,769 shares of the financial services provider’s stock valued at $1,264,000 after buying an additional 185,494 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Ameriprise Financial by 22.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 984,359 shares of the financial services provider’s stock valued at $102,736,000 after buying an additional 181,115 shares in the last quarter. 85.04% of the stock is owned by institutional investors and hedge funds.

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 report on Wednesday, January 2nd. UBS Group increased their price objective on shares of Ameriprise Financial from $156.00 to $175.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Citigroup increased their price objective on shares of Ameriprise Financial from $153.00 to $170.00 and gave the company a “buy” rating in a report on Thursday. Zacks Investment Research upgraded Ameriprise Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, February 26th. Finally, Royal Bank of Canada set a $134.00 target price on Ameriprise Financial and gave the company a “hold” rating in a research report on Saturday, February 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. Ameriprise Financial presently has an average rating of “Hold” and an average target price of $160.25.

In related news, EVP Colin Moore sold 24,032 shares of the firm’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $133.64, for a total value of $3,211,636.48. Following the completion of the sale, the executive vice president now directly owns 56,447 shares in the company, valued at $7,543,577.08. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.90% of the stock is owned by company insiders.

Shares of NYSE AMP traded up $1.57 during midday trading on Friday, reaching $146.63. 812,664 shares of the stock traded hands, compared to its average volume of 963,548. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market capitalization of $19.61 billion, a P/E ratio of 9.81 and a beta of 1.91. Ameriprise Financial, Inc. has a one year low of $95.69 and a one year high of $153.15.

Ameriprise Financial (NYSE:AMP) last posted its earnings results on Wednesday, April 24th. The financial services provider reported $3.75 EPS for the quarter, beating analysts’ consensus estimates of $3.61 by $0.14. The firm had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.03 billion. Ameriprise Financial had a return on equity of 38.65% and a net margin of 16.35%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $3.70 EPS. As a group, equities analysts predict that Ameriprise Financial, Inc. will post 15.45 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Monday, May 6th will be given a $0.97 dividend. The ex-dividend date is Friday, May 3rd. This is an increase from Ameriprise Financial’s previous quarterly dividend of $0.90. This represents a $3.88 dividend on an annualized basis and a yield of 2.65%. Ameriprise Financial’s dividend payout ratio (DPR) is currently 24.10%.

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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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