Ameriprise Financial Shows Resilience and Attractiveness for Investors Despite Stake Reduction

Boston Common Asset Management LLC, a financial services provider, has recently reduced its stake in Ameriprise Financial, Inc. by 12.5% in the first quarter of this year, according to the company’s filing with the Securities and Exchange Commission (SEC). The firm now owns 45,828 shares of Ameriprise Financial’s stock after selling 6,538 shares during the quarter. The value of Boston Common Asset Management LLC’s holdings in Ameriprise Financial is estimated to be $14,046,000 as of its most recent SEC filing.

Additionally, Ameriprise Financial announced a quarterly dividend payment on Friday, August 18th. Shareholders of record as of Monday, August 7th were eligible for a dividend of $1.35 per share. This represents an annualized dividend of $5.40 per share and a dividend yield of 1.56%. Notably, this is a significant increase compared to Ameriprise Financial’s previous quarterly dividend of $0.10 per share. As for the company’s payout ratio, it stands at 25.36%.

On Wednesday, September 13th, shares of Ameriprise Financial on the New York Stock Exchange (NYSE) opened at $346.93. The company has shown consistent performance with a 50-day simple moving average of $342.11 and a 200-day simple moving average of $320.63. Furthermore, Ameriprise Financial has exhibited stability in its financial standing with a debt-to-equity ratio of 1.43, indicating moderate leverage levels for the company.

Moreover, the firm boasts impressive liquidity ratios based on its current ratio and quick ratio both standing at 0.59. These ratios suggest that Ameriprise Financial has sufficient liquid assets to cover immediate financial obligations if they were to arise.

In terms of market performance over the past year, Ameriprise Financial experienced a range between its 1-year low of $249.35 and its 1-year high of $358.02. Considering the market cap, Ameriprise Financial’s value stands at $35.60 billion, highlighting its significant presence in the financial services industry.

When analyzing Ameriprise Financial’s valuation, it is crucial to note its price-to-earnings (PE) ratio of 16.30, which indicates the degree to which investors are willing to pay per dollar of earnings generated by the company. Furthermore, the price-to-earnings-growth (PEG) ratio of 0.65 suggests that Ameriprise Financial’s stock may be undervalued in relation to its growth potential.

Lastly, it is worth mentioning that Ameriprise Financial exhibits a beta of 1.48. This measure indicates the stock’s sensitivity to market movements; a beta above one signifies greater volatility than the overall market.

Overall, despite Boston Common Asset Management LLC’s reduction in stake, Ameriprise Financial remains an attractive investment opportunity in the financial services sector with stable performance metrics and solid dividend returns for shareholders.

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Updated on: 13/09/2023

Price Target

Current $96.93

Concensus $109.04

Low $80.00

Median $107.50

High $136.00

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Analyst Ratings

Analyst / firm Rating
Nick Setyan
Brian Harbour
Morgan Stanley
Christopher Carrill
RBC Capital
Nick Setyan
Joshua Lang

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Ameriprise Financial’s Impressive Financial Results and Increased Investor Interest Signal Strong Momentum

Ameriprise Financial, a prominent financial services provider, has recently seen modifications in the holdings of several large investors. Moneta Group Investment Advisors LLC, for instance, increased its holdings in Ameriprise Financial by a staggering 106,308.4% during the fourth quarter. This surge in holdings now allows Moneta Group Investment Advisors LLC to own 1,587,613 shares of Ameriprise Financial’s stock valued at $494,335,000.

Another notable investor that joined the ranks was Norges Bank, which acquired a new position in Ameriprise Financial during the same period with an estimated value of approximately $389,527,000. Envestnet Asset Management Inc., on the other hand, increased its stake in Ameriprise Financial by an astonishing 298.4% during the first quarter. This increase resulted in Envestnet Asset Management Inc. owning 1,492,217 shares valued at $164,644,000.

Truist Financial Corp also made significant moves as it raised its position in Ameriprise Financial by 617.7% during the first quarter. With this increase, Truist Financial Corp now possesses 583,486 shares valued at $178,8390.

Moreover,Ameriprise’s shares have also attracted interest from BlackRock Inc., as they boosted their holdings by 3.6% during the first quarter to reach a total of 9,317,752 shares valued at $2,8558910

Remarkably enough,Nearly 83%t of Ameriprise Financial’s stock is owned by institutional investors and hedge funds ,lending credence to the attractiveness of investing in this established financial services provider.

In addition to changes in shareholdings,the company’s CEO James M.Cracchiolo sold off some shares of Ameriprise Financial on Thursday,August ,3rd .Cracchioo sold off 9,616 shares of Ameriprise Financial stock at an average price of $354.00, totaling $3,404,064. Following this transaction, the CEO now owns 157,103 shares valued at $55,614,4620.

Furthermore,CFO Walter Stanley Berman also sold off a significant number of shares in Ameriprise Financial.The CFO sold 13,042 shares at an average price of $351.55 for a total value of approximately $4,584915.10.The CFO now holds 8,048 shares with a value of roughly $2,829274.40.

It is important to note that while insiders have parted with some shares recently (totaling 0.73% ownership), their actions shouldn’t undermine the overall perception of Ameriprise Financial’s prospects as an investment opportunity.

On another note, when Ameriprise Financial released its quarterly earnings results on July 27th , it revealed encouraging figures.The company reported a remarkable earnings per share (EPS) of $7.44 for the quarter compared to the consensus estimate of $7.29.This exceeded expectations by $0.15 and highlighted the strength and resilience of Ameriprise Financial’s performance.

The company’s net margin was an impressive 15.94%, and its return on equity stood at a remarkable 82.23%. Furthermore,Ameriprise Financial recorded revenues worth $3.88 billion during the quarter – surpassing consensus estimates pegged at $3.81 billion.

It is important to mention that these outstanding results showcase an 11.2% year-over-year growth in revenue.Additionally,pundits forecast average expected earnings per share (EPS)of around $29 .94,to be posted by Ameriprise Financial Inc this financial year.

On July 26th ,Ameriprise Financial made another notable announcement by authorizing a share buyback program worth $3.50 billion.Under this program,the company has the capacity to repurchase up to 9.5%of its stock through open market purchases.

The decision to initiate such a buyback program typically reflects confidence from the company’s board in regards to the undervaluation of Ameriprise Financial’s stock.

With all these recent developments and impressive financial results, it appears that Ameriprise Financial is in a strong position moving forward.Its robust performance and increasing interest from large investors highlight the positive outlook for this prominent financial services provider.

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