Capital Returns Management LLC lowered its position in Ameriprise Financial, Inc. (NYSE:AMP) by 14.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,245 shares of the financial services provider’s stock after selling 527 shares during the quarter. Ameriprise Financial makes up about 0.2% of Capital Returns Management LLC’s investment portfolio, making the stock its 22nd largest holding. Capital Returns Management LLC’s holdings in Ameriprise Financial were worth $479,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Ameriprise Financial by 3.8% in the second quarter. BlackRock Inc. now owns 10,832,182 shares of the financial services provider’s stock valued at $1,515,207,000 after purchasing an additional 392,679 shares during the period. Bank of New York Mellon Corp raised its position in shares of Ameriprise Financial by 11.1% in the third 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 purchasing an additional 342,277 shares during the period. LSV Asset Management raised its position in shares of Ameriprise Financial by 1.7% in the third quarter. LSV Asset Management now owns 3,099,278 shares of the financial services provider’s stock valued at $457,639,000 after purchasing an additional 51,806 shares during the period. JPMorgan Chase & Co. raised its position in shares of Ameriprise Financial by 11.4% in 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 purchasing an additional 263,728 shares during the period. Finally, FMR LLC raised its position in shares of Ameriprise Financial by 65.9% in the second quarter. FMR LLC now owns 2,079,355 shares of the financial services provider’s stock valued at $290,861,000 after purchasing an additional 825,832 shares during the period. Hedge funds and other institutional investors own 81.57% of the company’s stock.

Several brokerages have recently weighed in on AMP. UBS Group dropped their price objective on shares of Ameriprise Financial from $204.00 to $186.00 and set a “buy” rating on the stock in a research report on Wednesday, October 24th. ValuEngine lowered shares of Ameriprise Financial from a “hold” rating to a “sell” rating in a research report on Thursday, October 11th. Morgan Stanley dropped their price objective on shares of Ameriprise Financial from $177.00 to $170.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 13th. Sandler O’Neill set a $150.00 price objective on shares of Ameriprise Financial and gave the company a “hold” rating in a research report on Monday, August 13th. Finally, Zacks Investment Research lowered shares of Ameriprise Financial from a “buy” rating to a “hold” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $160.38.

NYSE:AMP opened at $119.33 on Friday. Ameriprise Financial, Inc. has a 52 week low of $113.21 and a 52 week high of $183.90. The stock has a market cap of $16.92 billion, a P/E ratio of 8.49 and a beta of 1.78. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.66 and a current ratio of 0.66.

Ameriprise Financial (NYSE:AMP) last released its quarterly earnings results on Tuesday, October 23rd. The financial services provider reported $4.05 EPS for the quarter, topping analysts’ consensus estimates of $3.68 by $0.37. Ameriprise Financial had a net margin of 13.58% and a return on equity of 37.21%. The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same period last year, the firm earned $3.12 earnings per share. Ameriprise Financial’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities research analysts anticipate that Ameriprise Financial, Inc. will post 15.04 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 16th. Investors of record on Monday, November 5th were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend was Friday, November 2nd. Ameriprise Financial’s dividend payout ratio is 29.34%.

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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 Advice & Wealth Management, Asset Management, Annuities, and Protection segments. The Advice & Wealth Management segment provides financial planning and advice, as well as full-service brokerage services primarily to retail clients through its advisors.

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

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