Ensign Peak Advisors Inc Has $6.59 Million Stock Holdings in Ameriprise Financial, Inc. (NYSE:AMP)

Ensign Peak Advisors Inc lessened its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 40.6% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 26,457 shares of the financial services provider’s stock after selling 18,095 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Ameriprise Financial were worth $6,585,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Ameriprise Financial by 7.4% during the 2nd quarter. BlackRock Inc. now owns 9,616,938 shares of the financial services provider’s stock worth $2,393,463,000 after buying an additional 662,711 shares during the last quarter. Bank of New York Mellon Corp increased its position in Ameriprise Financial by 5.2% during the second quarter. Bank of New York Mellon Corp now owns 2,646,100 shares of the financial services provider’s stock worth $658,562,000 after acquiring an additional 131,907 shares during the period. Boston Partners increased its position in Ameriprise Financial by 1.9% during the second quarter. Boston Partners now owns 2,178,318 shares of the financial services provider’s stock worth $542,140,000 after acquiring an additional 41,446 shares during the period. Lyrical Asset Management LP increased its position in Ameriprise Financial by 1.8% during the first quarter. Lyrical Asset Management LP now owns 1,904,241 shares of the financial services provider’s stock worth $442,641,000 after acquiring an additional 34,078 shares during the period. Finally, FMR LLC increased its position in Ameriprise Financial by 30.5% during the second quarter. FMR LLC now owns 1,515,762 shares of the financial services provider’s stock worth $377,243,000 after acquiring an additional 354,421 shares during the period. Institutional investors own 82.21% of the company’s stock.

AMP has been the topic of a number of recent research reports. UBS Group raised their price target on shares of Ameriprise Financial from $285.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, July 8th. raised their price target on shares of Ameriprise Financial from $265.00 to $290.00 and gave the stock a “buy” rating in a research report on Monday, June 21st. Wolfe Research assumed coverage on shares of Ameriprise Financial in a report on Tuesday. They issued an “outperform” rating and a $328.00 target price on the stock. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $248.38 target price (down from $260.00) on shares of Ameriprise Financial in a report on Tuesday, July 27th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $268.34.

In related news, insider Joseph Edward Sweeney sold 11,210 shares of Ameriprise Financial stock in a transaction that occurred on Monday, August 9th. The shares were sold at an average price of $265.52, for a total transaction of $2,976,479.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO William F. Truscott sold 19,522 shares of Ameriprise Financial stock in a transaction that occurred on Thursday, August 26th. The stock was sold at an average price of $271.39, for a total transaction of $5,298,075.58. Following the sale, the chief executive officer now owns 67,055 shares in the company, valued at $18,198,056.45. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Shares of Ameriprise Financial stock opened at $278.35 on Thursday. The firm has a market capitalization of $31.66 billion, a PE ratio of 31.81 and a beta of 1.69. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95. The firm’s 50 day moving average is $269.24 and its 200 day moving average is $257.28. Ameriprise Financial, Inc. has a 1 year low of $155.33 and a 1 year high of $284.09.

Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings results on Sunday, July 25th. The financial services provider reported $5.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.21 by $0.06. The company had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.38 billion. Ameriprise Financial had a net margin of 8.22% and a return on equity of 41.42%. During the same period in the previous year, the firm posted $2.64 EPS. As a group, research analysts anticipate that Ameriprise Financial, Inc. will post 21.75 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 20th. Investors of record on Monday, August 9th were issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend was Friday, August 6th. Ameriprise Financial’s dividend payout ratio (DPR) is presently 32.10%.

About Ameriprise Financial

Ameriprise Financial, Inc operates as a holding company. The firm provides financial planning, asset management and insurance services to individuals, businesses and institutions. It operates through the following business segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other.

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

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