OLD National Bancorp IN trimmed its position in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 9.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,147 shares of the financial services provider’s stock after selling 327 shares during the quarter. OLD National Bancorp IN’s holdings in Ameriprise Financial were worth $533,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of AMP. Janus Henderson Group PLC grew its stake in Ameriprise Financial by 29.9% during the second quarter. Janus Henderson Group PLC now owns 37,899 shares of the financial services provider’s stock worth $4,825,000 after buying an additional 8,734 shares during the last quarter. Verition Fund Management LLC grew its stake in Ameriprise Financial by 90.4% during the second quarter. Verition Fund Management LLC now owns 3,580 shares of the financial services provider’s stock worth $456,000 after buying an additional 1,700 shares during the last quarter. Wasatch Advisors Inc. bought a new stake in Ameriprise Financial during the second quarter worth about $352,000. Advisory Services Network LLC grew its stake in Ameriprise Financial by 4.0% during the second quarter. Advisory Services Network LLC now owns 4,043 shares of the financial services provider’s stock worth $515,000 after buying an additional 155 shares during the last quarter. Finally, Toronto Dominion Bank grew its stake in Ameriprise Financial by 18.0% during the second quarter. Toronto Dominion Bank now owns 65,930 shares of the financial services provider’s stock worth $8,393,000 after buying an additional 10,047 shares during the last quarter. 80.20% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Deirdre Davey Mcgraw sold 5,500 shares of the stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $174.04, for a total value of $957,220.00. Following the transaction, the executive vice president now directly owns 8,138 shares in the company, valued at $1,416,337.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO William F. Truscott sold 31,379 shares of the stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $173.64, for a total transaction of $5,448,649.56. Following the completion of the transaction, the chief executive officer now owns 67,058 shares in the company, valued at $11,643,951.12. The disclosure for this sale can be found here. Insiders sold 49,628 shares of company stock worth $8,570,993 over the last 90 days. 1.50% of the stock is currently owned by company insiders.

Several brokerages have weighed in on AMP. Sandler O’Neill set a $165.00 price objective on shares of Ameriprise Financial and gave the stock a “hold” rating in a research note on Monday. SunTrust Banks upped their target price on shares of Ameriprise Financial to $180.00 and gave the stock a “hold” rating in a research report on Friday, January 19th. Royal Bank of Canada set a $168.00 target price on shares of Ameriprise Financial and gave the stock a “hold” rating in a research report on Saturday, December 16th. Zacks Investment Research lowered shares of Ameriprise Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Finally, ValuEngine lowered shares of Ameriprise Financial from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Ameriprise Financial presently has an average rating of “Buy” and a consensus target price of $164.98.

Ameriprise Financial, Inc. (NYSE:AMP) opened at $160.55 on Thursday. Ameriprise Financial, Inc. has a 12-month low of $118.84 and a 12-month high of $183.90. The stock has a market cap of $23,168.79, a P/E ratio of 12.74 and a beta of 1.85. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.67 and a current ratio of 0.67.

Ameriprise Financial (NYSE:AMP) last announced its earnings results on Wednesday, January 24th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.08 by ($1.90). Ameriprise Financial had a return on equity of 31.03% and a net margin of 12.31%. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the previous year, the company posted $2.46 earnings per share. Ameriprise Financial’s revenue for the quarter was up 9.6% on a year-over-year basis. research analysts anticipate that Ameriprise Financial, Inc. will post 14.43 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Friday, February 16th will be issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $3.32 annualized dividend and a yield of 2.07%. Ameriprise Financial’s dividend payout ratio is currently 35.17%.

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About Ameriprise Financial

Ameriprise Financial, Inc is a financial services company that offers financial solutions to individual and institutional clients. The Company operates in five segments: Advice & Wealth Management; Asset Management; Annuities; Protection, and Corporate & Other. The Company uses Ameriprise Financial as its enterprise brand, as well as the name of its advisor network and certain of its retail products and services.

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

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