Jupiter Asset Management Ltd. Takes Position in Ameriprise Financial, Inc. (NYSE:AMP)

Jupiter Asset Administration Ltd. purchased a brand new stake in Ameriprise Monetary, Inc. (NYSE:AMP – Free Report) within the 2nd quarter, in accordance with its most up-to-date 13F submitting with the SEC. The agency purchased 19,539 shares of the monetary providers supplier’s inventory, valued at roughly $6,490,000.

Different giant buyers additionally lately made adjustments to their positions within the firm. Motco boosted its stake in Ameriprise Monetary by 15.6% in the course of the 2nd quarter. Motco now owns 237 shares of the monetary providers supplier’s inventory valued at $79,000 after buying a further 32 shares over the last quarter. Apollon Wealth Administration LLC boosted its stake in Ameriprise Monetary by 0.9% in the course of the 2nd quarter. Apollon Wealth Administration LLC now owns 3,872 shares of the monetary providers supplier’s inventory valued at $1,286,000 after buying a further 33 shares over the last quarter. Astoria Portfolio Advisors LLC. boosted its stake in Ameriprise Monetary by 3.1% in the course of the 2nd quarter. Astoria Portfolio Advisors LLC. now owns 1,128 shares of the monetary providers supplier’s inventory valued at $386,000 after buying a further 34 shares over the last quarter. Raleigh Capital Administration Inc. boosted its stake in shares of Ameriprise Monetary by 44.4% within the 1st quarter. Raleigh Capital Administration Inc. now owns 117 shares of the monetary providers supplier’s inventory price $36,000 after shopping for a further 36 shares over the last quarter. Lastly, Ignite Planners LLC boosted its stake in shares of Ameriprise Monetary by 4.2% within the 2nd quarter. Ignite Planners LLC now owns 884 shares of the monetary providers supplier’s inventory price $294,000 after shopping for a further 36 shares over the last quarter. 82.62% of the inventory is at present owned by institutional buyers and hedge funds.

Wall Road Analyst Weigh In

Plenty of equities analysts have lately weighed in on the corporate. StockNews.com upgraded Ameriprise Monetary from a “maintain” score to a “purchase” score in a analysis be aware on Tuesday, November seventh. Morgan Stanley boosted their goal worth on Ameriprise Monetary from $360.00 to $365.00 and gave the inventory an “equal weight” score in a analysis be aware on Wednesday. Lastly, Royal Financial institution of Canada restated an “outperform” score and issued a $410.00 goal worth on shares of Ameriprise Monetary in a analysis be aware on Tuesday, October thirty first. Three analysts have rated the inventory with a maintain score and 4 have given a purchase score to the inventory. In line with information from MarketBeat.com, the corporate presently has a median score of “Reasonable Purchase” and a consensus worth goal of $377.57.

View Our Newest Inventory Evaluation on AMP

Ameriprise Monetary Buying and selling Up 1.1 %

NYSE:AMP opened at $347.83 on Friday. The corporate has a present ratio of 0.57, a fast ratio of 0.57 and a debt-to-equity ratio of 1.51. The inventory has a market capitalization of $35.20 billion, a PE ratio of 14.16, a price-to-earnings-growth ratio of 0.74 and a beta of 1.45. The agency’s 50 day transferring common is $330.19 and its 200 day transferring common is $327.83. Ameriprise Monetary, Inc. has a 12 month low of $275.09 and a 12 month excessive of $358.02.

Ameriprise Monetary (NYSE:AMP – Get Free Report) final posted its quarterly earnings outcomes on Wednesday, October twenty fifth. The monetary providers supplier reported $7.68 EPS for the quarter, topping analysts’ consensus estimates of $7.58 by $0.10. Ameriprise Monetary had a internet margin of 17.63% and a return on fairness of 81.75%. The corporate had income of $3.91 billion for the quarter, in comparison with analysts’ expectations of $3.96 billion. Promote-side analysts anticipate that Ameriprise Monetary, Inc. will put up 29.39 earnings per share for the present yr.

Ameriprise Monetary Dividend Announcement

The agency additionally lately introduced a quarterly dividend, which was paid on Friday, November seventeenth. Shareholders of report on Monday, November sixth had been issued a dividend of $1.35 per share. The ex-dividend date was Friday, November third. This represents a $5.40 dividend on an annualized foundation and a yield of 1.55%. Ameriprise Monetary’s payout ratio is 21.98%.

Ameriprise Monetary declared that its board has approved a inventory repurchase program on Wednesday, July twenty sixth that allows the corporate to repurchase $3.50 billion in excellent shares. This repurchase authorization permits the monetary providers supplier to purchase as much as 9.5% of its shares by open market purchases. Shares repurchase packages are normally a sign that the corporate’s board believes its inventory is undervalued.

Ameriprise Monetary Firm Profile

(Free Report)

Ameriprise Monetary, Inc, by its subsidiaries, supplies numerous monetary services and products to particular person and institutional shoppers in the USA and internationally. It operates by 4 segments: Recommendation & Wealth Administration, Asset Administration, Retirement & Safety Options, and Company & Different.

See Additionally

Wish to see what different hedge funds are holding AMP? Go to HoldingsChannel.com to get the newest 13F filings and insider trades for Ameriprise Monetary, Inc. (NYSE:AMP – Free Report).

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

This prompt information alert was generated by narrative science expertise and monetary information from MarketBeat with the intention to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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