Foundry Partners LLC Increases Stock Holdings in Ameriprise Financial, Inc. (NYSE:AMP)
Foundry Partners LLC lifted its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 0.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 99,394 shares of the financial services provider’s stock after buying an additional 600 shares during the quarter. Foundry Partners LLC owned 0.07% of Ameriprise Financial worth $14,428,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in AMP. Cornerstone Advisors Inc. increased its holdings in Ameriprise Financial by 15.1% during the 2nd quarter. Cornerstone Advisors Inc. now owns 541 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 71 shares during the last quarter. NEXT Financial Group Inc increased its holdings in Ameriprise Financial by 46.6% during the 2nd quarter. NEXT Financial Group Inc now owns 236 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 75 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Ameriprise Financial by 1.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,359 shares of the financial services provider’s stock worth $815,000 after purchasing an additional 77 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA increased its holdings in Ameriprise Financial by 40.4% during the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 278 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 80 shares during the last quarter. Finally, Stewart & Patten Co. LLC increased its holdings in Ameriprise Financial by 2.5% during the 1st quarter. Stewart & Patten Co. LLC now owns 3,330 shares of the financial services provider’s stock worth $427,000 after purchasing an additional 82 shares during the last quarter. Institutional investors and hedge funds own 80.91% of the company’s stock.
In related news, EVP Randy Kupper sold 5,160 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $150.38, for a total transaction of $775,960.80. Following the completion of the transaction, the executive vice president now owns 23,656 shares in the company, valued at approximately $3,557,389.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is currently owned by insiders.
Shares of NYSE AMP traded down $0.24 during trading on Monday, reaching $149.69. The stock had a trading volume of 3,056 shares, compared to its average volume of 745,625. Ameriprise Financial, Inc. has a one year low of $95.69 and a one year high of $153.91. The company has a current ratio of 0.78, a quick ratio of 0.81 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $20.08 billion, a PE ratio of 10.02 and a beta of 1.80. The stock has a 50 day simple moving average of $148.98.
Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $4.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.00 by $0.06. Ameriprise Financial had a return on equity of 37.73% and a net margin of 15.03%. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the previous year, the business earned $3.60 EPS. The business’s quarterly revenue was up 3.2% on a year-over-year basis. On average, sell-side analysts expect that Ameriprise Financial, Inc. will post 16 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Monday, August 5th will be issued a $0.97 dividend. The ex-dividend date is Friday, August 2nd. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.59%. Ameriprise Financial’s dividend payout ratio (DPR) is 25.97%.
About Ameriprise Financial
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 five segments: Advice & Wealth Management, Asset Management, Annuities, Protection, and Corporate & Other.
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