Latest Stocks: Xact Kapitalforvaltning AB Purchases 682 Shares of Ameriprise Financial, Inc. (AMP)

Latest Stocks: Xact Kapitalforvaltning AB Purchases 682 Shares of Ameriprise Financial, Inc. (AMP)

Xact Kapitalforvaltning AB increased its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 3.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,088 shares of the financial services provider’s stock after buying an additional 682 shares during the period. Xact Kapitalforvaltning AB’s holdings in Ameriprise Financial were worth $2,346,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in AMP. Capital Fund Management S.A. acquired a new position in Ameriprise Financial during the third quarter worth $3,612,000. APG Asset Management N.V. raised its position in Ameriprise Financial by 114.4% in the third quarter. APG Asset Management N.V. now owns 613,894 shares of the financial services provider’s stock worth $61,248,000 after buying an additional 327,509 shares during the last quarter. Huntington National Bank raised its position in Ameriprise Financial by 47.3% in the third quarter. Huntington National Bank now owns 6,674 shares of the financial services provider’s stock worth $666,000 after buying an additional 2,144 shares during the last quarter. Greatmark Investment Partners Inc. raised its position in Ameriprise Financial by 6.8% in the third quarter. Greatmark Investment Partners Inc. now owns 14,794 shares of the financial services provider’s stock worth $1,476,000 after buying an additional 945 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. raised its position in Ameriprise Financial by 1.2% in the third quarter. Punch & Associates Investment Management Inc. now owns 37,845 shares of the financial services provider’s stock worth $3,776,000 after buying an additional 455 shares during the last quarter. Institutional investors and hedge funds own 78.42% of the company’s stock.

Ameriprise Financial, Inc. (AMP) opened at 122.21 on Tuesday. Ameriprise Financial, Inc. has a 12-month low of $84.92 and a 12-month high of $135.20. The firm has a market cap of $18.63 billion, a PE ratio of 14.87 and a beta of 1.77. The firm’s 50-day moving average is $126.52 and its 200 day moving average is $122.63.

Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings results on Monday, April 24th. The financial services provider reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.18. Ameriprise Financial had a return on equity of 23.18% and a net margin of 11.23%. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same period in the previous year, the company earned $2.17 earnings per share. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. Equities research analysts predict that Ameriprise Financial, Inc. will post $10.86 EPS for the current year. The firm also recently declared a quarterly dividend, which was paid on Friday, May 19th. Stockholders of record on Monday, May 8th were issued a dividend of $0.83 per share. The ex-dividend date was Thursday, May 4th. This is a positive change from Ameriprise Financial’s previous quarterly dividend of $0.75. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.72%. Ameriprise Financial’s payout ratio is 38.36%.

Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings results on Monday, April 24th. The financial services provider reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.18. Ameriprise Financial had a return on equity of 23.18% and a net margin of 11.23%. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same period in the previous year, the company earned $2.17 earnings per share. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. Equities research analysts predict that Ameriprise Financial, Inc. will post $10.86 EPS for the current year. Several research firms have weighed in on AMP. William Blair began coverage on shares of Ameriprise Financial in a report on Thursday, March 2nd. They issued an “outperform” rating and a $138.80 target price on the stock. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $127.00 target price (up from $124.00) on shares of Ameriprise Financial in a report on Wednesday, April 26th. Zacks Investment Research downgraded shares of Ameriprise Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Barclays PLC reissued an “equal weight” rating and issued a $130.00 price target (up from $127.00) on shares of Ameriprise Financial in a research note on Tuesday, April 25th. Finally, Citigroup Inc reissued a “buy” rating on shares of Ameriprise Financial in a research note on Monday, April 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $129.07.

In other news, CEO William F. Truscott sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $134.63, for a total transaction of $1,077,040.00. Following the completion of the transaction, the chief executive officer now directly owns 10,370 shares in the company, valued at $1,396,113.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Kelli A. Hunter sold 943 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $128.80, for a total value of $121,458.40. Following the transaction, the vice president now owns 39,919 shares of the company’s stock, valued at $5,141,567.20. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders. About Ameriprise Financial

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