Ritholtz Wealth Administration lowered its holdings in Ameriprise Monetary, Inc. (NYSE:AMP – Free Report) by 2.0% through the second quarter, Holdings Channel.com reviews. The agency owned 1,758 shares of the monetary companies supplier’s inventory after promoting 36 shares through the interval. Ritholtz Wealth Administration’s holdings in Ameriprise Monetary have been value $751,000 on the finish of the latest reporting interval.
Quite a lot of different institutional buyers and hedge funds additionally lately purchased and bought shares of the enterprise. Retirement Group LLC acquired a brand new place in shares of Ameriprise Monetary through the first quarter valued at $25,000. DiNuzzo Non-public Wealth Inc. lifted its stake in shares of Ameriprise Monetary by 268.8% through the second quarter. DiNuzzo Non-public Wealth Inc. now owns 59 shares of the monetary companies supplier’s inventory valued at $25,000 after buying a further 43 shares through the interval. Accordant Advisory Group Inc acquired a brand new place in shares of Ameriprise Monetary through the second quarter valued at $26,000. Redmont Wealth Advisors LLC acquired a brand new place in shares of Ameriprise Monetary through the first quarter valued at $28,000. Lastly, Financial institution & Belief Co acquired a brand new place in shares of Ameriprise Monetary through the second quarter valued at $29,000. Institutional buyers and hedge funds personal 83.95% of the corporate’s inventory.
Wall Road Analysts Forecast Development
A number of brokerages have lately issued reviews on AMP. Keefe, Bruyette & Woods reduce their value goal on Ameriprise Monetary from $470.00 to $460.00 and set a “market carry out” ranking on the inventory in a analysis notice on Tuesday, July thirtieth. Jefferies Monetary Group upped their value goal on Ameriprise Monetary from $500.00 to $504.00 and gave the corporate a “purchase” ranking in a analysis notice on Friday, June twenty eighth. Piper Sandler dropped their value goal on Ameriprise Monetary from $390.00 to $387.00 and set an “underweight” ranking for the corporate in a report on Friday, June twenty eighth. Royal Financial institution of Canada upped their value goal on Ameriprise Monetary from $487.00 to $500.00 and gave the corporate an “outperform” ranking in a report on Tuesday, July thirtieth. Lastly, Morgan Stanley dropped their value goal on Ameriprise Monetary from $444.00 to $440.00 and set an “equal weight” ranking for the corporate in a report on Monday, July twenty ninth. One analyst has rated the inventory with a promote ranking, 5 have assigned a maintain ranking and 5 have issued a purchase ranking to the corporate’s inventory. Based mostly on information from MarketBeat, the corporate has a consensus ranking of “Maintain” and a consensus goal value of $464.33.
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Ameriprise Monetary Inventory Down 1.7 %
Shares of Ameriprise Monetary inventory opened at $441.96 on Wednesday. Ameriprise Monetary, Inc. has a 1 yr low of $306.63 and a 1 yr excessive of $450.35. The enterprise has a 50-day transferring common of $427.58 and a two-hundred day transferring common of $425.29. The corporate has a market capitalization of $43.90 billion, a P/E ratio of 15.04, a price-to-earnings-growth ratio of 0.78 and a beta of 1.37. The corporate has a debt-to-equity ratio of 1.16, a present ratio of 0.59 and a fast ratio of 0.59.
Ameriprise Monetary (NYSE:AMP – Get Free Report) final introduced its quarterly earnings outcomes on Wednesday, July twenty fourth. The monetary companies supplier reported $8.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.53 by $0.19. Ameriprise Monetary had a return on fairness of 73.83% and a web margin of 18.64%. The corporate had income of $4.39 billion through the quarter, in comparison with the consensus estimate of $4.24 billion. Throughout the identical interval within the prior yr, the corporate earned $7.44 earnings per share. The corporate’s income for the quarter was up 9.6% in comparison with the identical quarter final yr. As a bunch, equities analysts predict that Ameriprise Monetary, Inc. will submit 34.81 EPS for the present yr.
Ameriprise Monetary Proclaims Dividend
The agency additionally lately declared a quarterly dividend, which was paid on Friday, August sixteenth. Shareholders of document on Monday, August fifth have been issued a $1.48 dividend. The ex-dividend date of this dividend was Monday, August fifth. This represents a $5.92 annualized dividend and a dividend yield of 1.34%. Ameriprise Monetary’s dividend payout ratio (DPR) is at the moment 20.15%.
Ameriprise Monetary Firm Profile
Ameriprise Monetary, Inc, along with its subsidiaries, supplies varied monetary services to particular person and institutional shoppers in america and internationally. It operates by 4 segments: Recommendation & Wealth Administration, Asset Administration, Retirement & Safety Options, and Company & Different.
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