BNP Paribas Financial Markets Purchases 40,878 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

BNP Paribas Financial Markets boosted its position in Ameriprise Financial, Inc. (NYSE:AMP) by 38.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 147,658 shares of the financial services provider’s stock after acquiring an additional 40,878 shares during the period. BNP Paribas Financial Markets owned 0.15% of Ameriprise Financial worth $64,739,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Aua Capital Management LLC lifted its stake in Ameriprise Financial by 4.7% in the first quarter. Aua Capital Management LLC now owns 604 shares of the financial services provider’s stock valued at $265,000 after buying an additional 27 shares during the period. Meeder Advisory Services Inc. lifted its stake in Ameriprise Financial by 1.1% in the fourth quarter. Meeder Advisory Services Inc. now owns 2,969 shares of the financial services provider’s stock valued at $1,128,000 after buying an additional 31 shares during the period. First Bank & Trust lifted its stake in Ameriprise Financial by 3.4% in the first quarter. First Bank & Trust now owns 934 shares of the financial services provider’s stock valued at $410,000 after buying an additional 31 shares during the period. Fidelis Capital Partners LLC lifted its stake in Ameriprise Financial by 5.1% in the fourth quarter. Fidelis Capital Partners LLC now owns 656 shares of the financial services provider’s stock valued at $249,000 after buying an additional 32 shares during the period. Finally, Signaturefd LLC lifted its stake in Ameriprise Financial by 1.4% in the fourth quarter. Signaturefd LLC now owns 2,270 shares of the financial services provider’s stock valued at $862,000 after buying an additional 32 shares during the period. Institutional investors own 83.95% of the company’s stock.

Ameriprise Financial Stock Down 0.4 %

Ameriprise Financial stock traded down $1.85 during midday trading on Friday, reaching $432.15. The stock had a trading volume of 232,160 shares, compared to its average volume of 402,892. The firm’s fifty day simple moving average is $430.62 and its 200-day simple moving average is $412.29. Ameriprise Financial, Inc. has a 1-year low of $306.63 and a 1-year high of $446.32. The stock has a market capitalization of $42.92 billion, a P/E ratio of 14.71, a price-to-earnings-growth ratio of 0.74 and a beta of 1.37. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.56 and a current ratio of 0.56.

Ameriprise Financial (NYSE:AMP) last announced its earnings results on Wednesday, April 24th. The financial services provider reported $8.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.10 by $0.29. Ameriprise Financial had a return on equity of 75.97% and a net margin of 19.42%. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same quarter last year, the firm earned $7.25 EPS. Ameriprise Financial’s revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, analysts expect that Ameriprise Financial, Inc. will post 34.92 EPS for the current fiscal year.

Ameriprise Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Monday, May 6th were paid a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 1.37%. This is an increase from Ameriprise Financial’s previous quarterly dividend of $1.35. The ex-dividend date of this dividend was Friday, May 3rd. Ameriprise Financial’s dividend payout ratio (DPR) is currently 20.15%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods increased their target price on Ameriprise Financial from $420.00 to $460.00 and gave the company a “market perform” rating in a research note on Wednesday, April 10th. Raymond James began coverage on Ameriprise Financial in a research report on Thursday, March 21st. They set a “market perform” rating on the stock. The Goldman Sachs Group raised their price target on Ameriprise Financial from $437.00 to $488.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. Royal Bank of Canada raised their price target on Ameriprise Financial from $470.00 to $480.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Finally, Morgan Stanley raised their price target on Ameriprise Financial from $400.00 to $437.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, Ameriprise Financial presently has a consensus rating of “Hold” and a consensus price target of $456.22.

Insider Buying and Selling at Ameriprise Financial

In other Ameriprise Financial news, Director Robert Francis Sharpe, Jr. sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $438.07, for a total value of $657,105.00. Following the completion of the transaction, the director now directly owns 11,000 shares in the company, valued at $4,818,770. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.96% of the company’s stock.

Ameriprise Financial Profile

Ameriprise Financial, Inc, together with its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through four segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other.