Tokio Marine Asset Management Co. Ltd. Buys 27,353 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Tokio Marine Asset Management Co. Ltd. raised its position in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 988.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,121 shares of the financial services provider's stock after purchasing an additional 27,353 shares during the period. Tokio Marine Asset Management Co. Ltd.'s holdings in Ameriprise Financial were worth $16,037,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Cetera Investment Advisers raised its holdings in Ameriprise Financial by 3.4% during the 2nd quarter. Cetera Investment Advisers now owns 35,479 shares of the financial services provider's stock valued at $15,157,000 after buying an additional 1,158 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Ameriprise Financial during the 2nd quarter valued at $6,407,000. Czech National Bank boosted its holdings in shares of Ameriprise Financial by 5.7% during the 3rd quarter. Czech National Bank now owns 20,002 shares of the financial services provider's stock valued at $9,397,000 after purchasing an additional 1,074 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Ameriprise Financial by 15.6% in the 3rd quarter. GAMMA Investing LLC now owns 4,102 shares of the financial services provider's stock valued at $1,927,000 after purchasing an additional 554 shares during the last quarter. Finally, Diversified Trust Co raised its stake in shares of Ameriprise Financial by 0.9% during the third quarter. Diversified Trust Co now owns 7,610 shares of the financial services provider's stock valued at $3,575,000 after acquiring an additional 65 shares in the last quarter. Institutional investors own 83.95% of the company's stock.

Ameriprise Financial Stock Down 0.1 %

Shares of NYSE:AMP traded down $0.30 during midday trading on Wednesday, reaching $535.10. The company had a trading volume of 147,677 shares, compared to its average volume of 514,247. The stock has a market capitalization of $51.91 billion, a P/E ratio of 16.19, a PEG ratio of 1.18 and a beta of 1.36. The stock's fifty day moving average price is $546.12 and its 200-day moving average price is $500.27. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.59 and a quick ratio of 0.65. Ameriprise Financial, Inc. has a one year low of $385.74 and a one year high of $582.05.

Ameriprise Financial (NYSE:AMP - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $9.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.16 by $0.20. Ameriprise Financial had a net margin of 19.70% and a return on equity of 69.35%. Equities research analysts expect that Ameriprise Financial, Inc. will post 38.68 earnings per share for the current fiscal year.

Ameriprise Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 10th will be given a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Monday, February 10th. Ameriprise Financial's payout ratio is presently 17.91%.

Insiders Place Their Bets

In other Ameriprise Financial news, insider Joseph Edward Sweeney sold 10,735 shares of Ameriprise Financial stock in a transaction on Friday, November 8th. The stock was sold at an average price of $549.68, for a total value of $5,900,814.80. Following the completion of the transaction, the insider now owns 5,811 shares in the company, valued at approximately $3,194,190.48. The trade was a 64.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Walter Stanley Berman sold 8,655 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $564.16, for a total value of $4,882,804.80. Following the completion of the transaction, the chief financial officer now owns 6,409 shares in the company, valued at $3,615,701.44. The trade was a 57.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.96% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Piper Sandler boosted their price target on Ameriprise Financial from $415.00 to $442.00 and gave the stock an "underweight" rating in a research note on Friday, January 31st. Morgan Stanley raised their price target on shares of Ameriprise Financial from $440.00 to $502.00 and gave the stock an "equal weight" rating in a report on Thursday, October 17th. Royal Bank of Canada reissued an "outperform" rating and set a $625.00 price objective on shares of Ameriprise Financial in a report on Monday. UBS Group downgraded Ameriprise Financial from a "buy" rating to a "neutral" rating and dropped their price target for the company from $580.00 to $570.00 in a research note on Monday, January 6th. Finally, Keefe, Bruyette & Woods lifted their target price on Ameriprise Financial from $560.00 to $570.00 and gave the stock a "market perform" rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $510.44.

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.