FDx Advisors Inc. sells 1,450 shares of Ameriprise Financial, Inc. (NYSE:AMP)

Financial Advisors


FDx Advisors Inc. reduced its stake in Ameriprise Financial, Inc. (NYSE: AMP – Get Rating) by 55.7% during the fourth quarter, according to its latest 13F filing with the SEC. This institutional investor owned 1,154 shares of the financial services provider after selling 1,450 of his shares during the period. FDx Advisors Inc.’s Ameriprise Financial holdings were valued at $359,000 as of the latest filing with the SEC.

A number of other institutional investors and hedge funds have also recently changed their stakes in the business. Bell Investment Advisors Inc increased his Ameriprise Financial stock holdings by 47.8% in the fourth quarter. Bell Investment Advisors, which purchased an additional 33 shares last quarter, now owns 102 shares of the financial services provider, valued at $32,000. Coston McIsaac & Partners increased his Ameriprise Financial stock position by 19.0% during the fourth quarter. Coston McIsaac & Partners now owns 219 shares of the financial services provider, valued at $68,000, after purchasing an additional 35 shares during the period. Checchi Capital Advisers LLC increased his Ameriprise Financial stock position by 2.8% during the third quarter. Checchi Capital Advisers LLC now owns 1,346 shares of the financial services provider, valued at $339,000, after purchasing an additional 37 shares during the period. Kentucky Retirement Systems increased its position in Ameriprise Financial stock by 0.4% during the fourth quarter. Kentucky Retirement Systems now owns 8,504 shares in the financial services provider, valued at $2,648,000, after purchasing an additional 37 shares during the period. Finally, Vontobel Holding Ltd. increased his position in Ameriprise Financial shares by 2.2% during the third quarter. Vontobel Holding Ltd. purchased an additional 38 shares during the period and now owns 1,792 shares worth $456,000 in the financial services provider. Institutional investors currently hold 81.66% of the shares.

Ameriprise Financial Trading up 0.0%

Ameriprise Financial shares opened at $304.01 on Tuesday. Ameriprise Financial, Inc. hit a one-year low of $219.99 and a one-year high of $357.46. The company has a market cap of $31.67 billion, trades at 15.44 times earnings, 0.63 times earnings, and 1.46 times beta. The stock has a 50-day moving average price of $299.30 and a 200-day moving average price of $318.88. The company has a debt to equity ratio of 1.43, a current ratio of 0.66 and a quick ratio of 0.66.

Ameriprise Financial (NYSE:AMP – Get Rating) last reported earnings on Tuesday, April 25th. Financial services providers reported earnings per share (EPS) of $7.25 for the quarter, beating consensus expectations of $7.21 by $0.04. Ameriprise Financial’s return on equity was 77.32% and net profit margin was 15.41%. The company had revenue of $3.74 billion for the quarter, up from $3.69 billion expected by analysts. The company’s EPS in the year-ago quarter was $5.98. The segment’s revenue increased by 3.2% over the same period last year. An equity research analyst expects Ameriprise Financial, Inc.’s EPS to hit 30.28 this year.

Ameriprise Finance, Dividend Reduction

The company also recently announced a quarterly dividend, which was paid out on Friday, May 19. Shareholders of record on Monday, May 8 were paid a dividend of $0.10 per share. The ex-dividend date was Friday, May 5. This equates to an annual dividend of $0.40 and a dividend yield of 0.13%. Ameriprise Financial’s dividend payout ratio is 27.43%.

Analyst upgrades and downgrades

Many brokerage firms have recently turned their attention to AMP. Argus raised its price target on Ameriprise Financial from $340.00 to $392.00 in a research report on Tuesday, January 31. Credit Suisse Group raised its price target on Ameriprise Financial from $382.00 to $401.00 in its research report on Wednesday, February 1, giving the stock an “outperform” rating. Royal Bank of Canada lowered its price target on Ameriprise Financial from $400.00 to $385.00 in a research report on Thursday, April 27. StockNews.com undertook coverage of his Ameriprise Financial in an investigative report on Thursday, May 18. They issued a “hold” rating to the company. Finally, Keefe, Bruyette & Woods raised its price target on Ameriprise Financial from $350.00 to $375.00, giving the company a “market performance” rating in its research report on Tuesday, January 31. One analyst gave the stock a “sell” rating, four gave it a “hold” and five gave it a “buy”. Based on MarketBeat data, Ameriprise Financial’s average rating is currently ‘Hold’ with a consensus price target of $349.70.

Ameriprise Financial Company Overview

(get rating)

Ameriprise Financial, Inc. operates as a holding company. The company provides financial planning, wealth management and insurance services to individuals, businesses and institutions. The Company operates through Advice and Wealth Management, Wealth Management, Retirement and Protection Solutions, Corporate and Other business segments.

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Quarterly institutional ownership of Ameriprise Financial (NYSE:AMP)

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