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June 14, 2022

SB Financial Group (NASDAQ:SBFG) Receives New Coverage from Analysts at StockNews.com

Equities analysis analysts at StockNews.com assumed protection on shares of SB Monetary Team (NASDAQ:SBFG – Get Ranking) in a study report issued on Tuesday. The agency established a “hold” score on the economical services provider’s stock.

SBFG opened at $17.31 on Tuesday. The business has a credit card debt-to-fairness ratio of .19, a present-day ratio of .84 and a rapid ratio of .84. The firm has a industry capitalization of $124.84 million, a price tag-to-earnings ratio of 8.93 and a beta of 1.07. The firm’s fifty day relocating ordinary price tag is $18.43 and its two-hundred working day shifting normal price is $19.09. SB Economic Group has a 1 year very low of $16.26 and a 1 year high of $20.85.

SB Monetary Group (NASDAQ:SBFG – Get Score) previous posted its quarterly earnings information on Thursday, April 28th. The economic expert services service provider noted $.30 earnings for each share (EPS) for the quarter, topping analysts’ consensus estimates of $.25 by $.05. The company had income of $14.28 million for the quarter, compared to the consensus estimate of $13.30 million. SB Economical Group had a internet margin of 21.17{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on equity of 8.81{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. As a team, equities analysts anticipate that SB Economic Group will put up 1.45 EPS for the current calendar year.

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Many massive buyers have not long ago modified their holdings of SBFG. Petiole United states ltd purchased a new posture in shares of SB Economic Team in the 4th quarter worth about $4,978,000. FJ Money Management LLC procured a new place in shares of SB Fiscal Team in the 1st quarter worthy of about $3,265,000. Strategic Value Bank Partners LLC procured a new position in shares of SB Economic Group in the 4th quarter worth about $3,045,000. Alliancebernstein L.P. boosted its holdings in shares of SB Money Group by 6.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 4th quarter. Alliancebernstein L.P. now owns 456,468 shares of the economic solutions provider’s stock well worth $8,979,000 following purchasing an additional 29,397 shares for the duration of the previous quarter. Finally, The Makers Lifetime Insurance policies Company boosted its holdings in shares of SB Fiscal Team by 5.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 1st quarter. The Producers Daily life Insurance Business now owns 489,176 shares of the money products and services provider’s stock worthy of $9,739,000 soon after buying an extra 27,065 shares in the course of the very last quarter. 55.33{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is currently owned by institutional traders.

About SB Monetary Group (Get Score)

SB Monetary Team, Inc delivers a selection of professional banking and prosperity administration services to particular person and company buyers largely in Ohio, Indiana, and Michigan. It gives examining, financial savings, money current market accounts, as very well as time certificates of deposit and professional, purchaser, agricultural, and residential house loan financial loans.

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Even though SB Monetary Team now has a “N/A” rating amid analysts, top-rated analysts think these 5 shares are better purchases.

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March 23, 2022

Manulife Financial Co. (NYSE:MFC) Receives Average Recommendation of “Hold” from Analysts

Manulife Economical Co. (NYSE:MFC – Get Score) (TSE:MFC) has gained an ordinary recommendation of “Keep” from the twelve brokerages that are masking the stock, MarketBeat reports. 1 investment decision analyst has rated the inventory with a offer advice, four have offered a maintain suggestion and 4 have provided a acquire advice to the enterprise. The typical twelve-thirty day period price tag focus on amid brokers that have up-to-date their coverage on the inventory in the last 12 months is $31.67.

Several equities analysts recently issued experiences on the stock. StockNews.com lifted shares of Manulife Economical from a “hold” ranking to a “obtain” score in a report on Wednesday, March 16th. Scotiabank boosted their concentrate on cost on Manulife Money from C$29.00 to C$30.00 in a report on Friday, February 11th. BMO Cash Marketplaces raised their price tag goal on Manulife Economical from C$35.00 to C$37.00 in a report on Friday, February 11th. Barclays assumed protection on Manulife Money in a study note on Thursday, February 3rd. They issued an “obese” rating and a $36.00 cost goal on the inventory. Last but not least, Desjardins lifted their rate target on Manulife Financial from C$29.00 to C$30.00 in a report on Monday, February 14th.

Numerous large buyers have recently acquired and sold shares of the company. Sigma Scheduling Corp improved its placement in shares of Manulife Fiscal by 2.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the course of the 4th quarter. Sigma Preparing Corp now owns 19,885 shares of the economic solutions provider’s stock worth $379,000 after obtaining an more 498 shares all through the final quarter. Captrust Fiscal Advisors boosted its stake in shares of Manulife Economical by 4.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 3rd quarter. Captrust Financial Advisors now owns 11,901 shares of the economical expert services provider’s inventory worthy of $229,000 soon after getting an supplemental 503 shares throughout the interval. Spire Wealth Management boosted its stake in shares of Manulife Financial by 35.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} for the duration of the 4th quarter. Spire Prosperity Administration now owns 1,966 shares of the fiscal companies provider’s inventory worthy of $37,000 just after buying an extra 516 shares all through the period of time. Sargent Bickham Lagudis LLC boosted its stake in shares of Manulife Monetary by 41.{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 3rd quarter. Sargent Bickham Lagudis LLC now owns 1,856 shares of the monetary companies provider’s inventory truly worth $36,000 soon after buying an supplemental 540 shares for the duration of the period of time. Lastly, Synovus Financial Corp boosted its stake in shares of Manulife Fiscal by 4.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} throughout the 3rd quarter. Synovus Economic Corp now owns 12,814 shares of the economical expert services provider’s stock value $247,000 after getting an added 550 shares during the time period. 46.53{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is at present owned by hedge funds and other institutional traders.

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NYSE:MFC opened at $20.95 on Wednesday. Manulife Economic has a 52 7 days low of $17.66 and a 52 7 days large of $22.22. The enterprise has a market capitalization of $40.70 billion, a price-to-earnings ratio of 7.38, a PEG ratio of .73 and a beta of 1.24. The enterprise has a 50-day shifting regular of $20.48 and a 200-day shifting regular of $19.78.

Manulife Fiscal (NYSE:MFC – Get Score) (TSE:MFC) final issued its earnings success on Wednesday, February 9th. The fiscal solutions supplier noted $.67 earnings for each share (EPS) for the quarter, topping the Zacks’ consensus estimate of $.65 by $.02. The corporation had income of $17.14 billion throughout the quarter. Throughout the same period of time in the earlier calendar year, the organization posted $.57 earnings per share. As a group, equities analysis analysts forecast that Manulife Financial will submit 2.78 earnings for every share for the recent fiscal yr.

The organization also just lately declared a quarterly dividend, which was paid out on Monday, March 21st. Stockholders of history on Wednesday, February 23rd were compensated a $.26 dividend. The ex-dividend date was Tuesday, February 22nd. This signifies a $1.04 dividend on an annualized foundation and a dividend produce of 4.96{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. This is an raise from Manulife Financial’s preceding quarterly dividend of $.23. Manulife Financial’s dividend payout ratio is 36.62{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

About Manulife Economical (Get Ranking)

Manulife Financial Corp. engages in the provision of monetary products and services. It operates via the subsequent segments: Asia, Canada, U.S., World-wide Wealth and Asset Administration, and Company and Other. The Asia segment refers to insurance and coverage-primarily based prosperity accumulation products and solutions in Asia. The Canada section presents insurance-dependent prosperity accumulation items and banking products and services in Canada.

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When Manulife Economical at the moment has a “Hold” ranking among the analysts, leading-rated analysts consider these 5 shares are far better buys.

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March 15, 2022

Regions Financial Co. (NYSE:RF) Receives Consensus Rating of “Hold” from Analysts

Regions Financial Co. (NYSE:RF – Get Rating) has been assigned an average recommendation of “Hold” from the fifteen brokerages that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $25.75.

RF has been the subject of a number of analyst reports. Morgan Stanley upped their price target on Regions Financial from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Tuesday, February 22nd. Barclays upgraded Regions Financial from an “underweight” rating to an “equal weight” rating and set a $26.00 price target on the stock in a report on Monday, January 3rd. UBS Group assumed coverage on Regions Financial in a research note on Wednesday, January 12th. They set a “buy” rating and a $32.00 target price for the company. Citigroup lowered their price target on Regions Financial from $30.00 to $27.00 in a report on Tuesday, January 25th. Finally, JPMorgan Chase & Co. upped their target price on shares of Regions Financial from $26.50 to $27.00 in a research report on Thursday, February 3rd.

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Shares of NYSE:RF opened at $22.72 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.84 and a quick ratio of 0.83. Regions Financial has a 1 year low of $18.02 and a 1 year high of $25.57. The firm has a market capitalization of $21.29 billion, a P/E ratio of 9.16, a P/E/G ratio of 0.68 and a beta of 1.32. The business’s 50-day moving average is $23.73 and its 200 day moving average is $22.68.

Regions Financial (NYSE:RF – Get Rating) last released its quarterly earnings results on Thursday, January 20th. The bank reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.06). Regions Financial had a net margin of 38.17{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on equity of 15.33{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the prior year, the business posted $0.62 EPS. The firm’s quarterly revenue was down 3.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} compared to the same quarter last year. On average, analysts expect that Regions Financial will post 2.08 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 1st. Stockholders of record on Friday, March 11th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.99{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The ex-dividend date is Thursday, March 10th. Regions Financial’s payout ratio is presently 27.42{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Regions Financial by 9.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the fourth quarter. BlackRock Inc. now owns 96,711,569 shares of the bank’s stock worth $2,108,312,000 after purchasing an additional 8,239,657 shares during the period. Geode Capital Management LLC increased its position in shares of Regions Financial by 1.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the fourth quarter. Geode Capital Management LLC now owns 20,182,959 shares of the bank’s stock valued at $439,159,000 after acquiring an additional 311,615 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Regions Financial by 5.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 3rd quarter. Invesco Ltd. now owns 16,659,139 shares of the bank’s stock valued at $355,006,000 after buying an additional 805,591 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Regions Financial by 3.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,734,876 shares of the bank’s stock valued at $343,021,000 after acquiring an additional 472,102 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Regions Financial by 1.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the fourth quarter. Dimensional Fund Advisors LP now owns 13,185,015 shares of the bank’s stock worth $287,433,000 after buying an additional 137,074 shares during the last quarter. 74.88{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is currently owned by institutional investors and hedge funds.

About Regions Financial (Get Rating)

Regions Financial Corp. operates as a bank holding company. It provides traditional commercial, retail and mortgage banking services, as well as other financial services in the fields of investment banking, asset management, trust, mutual funds, securities brokerage, insurance and other financing. The firm operates through the following segments: Corporate Bank, Consumer Bank, and Wealth Management.

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February 22, 2022

Capstar Financial Holdings, Inc. (NASDAQ:CSTR) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Capstar Economical Holdings, Inc. (NASDAQ:CSTR) have been supplied an average advice of “Invest in” by the 8 analysts that are at this time covering the agency, MarketBeat stories. A single research analyst has rated the stock with a keep advice and 7 have assigned a obtain advice to the firm. The normal 1-yr concentrate on price tag among analysts that have up to date their protection on the inventory in the past 12 months is $23.40.

Quite a few study corporations have commented on CSTR. StockNews.com upgraded shares of Capstar Money from a “keep” score to a “invest in” rating in a research report on Monday. Zacks Investment decision Analysis reduce shares of Capstar Money from a “acquire” ranking to a “hold” rating in a exploration report on Wednesday, February 2nd. Last but not least, DA Davidson commenced coverage on shares of Capstar Monetary in a exploration report on Wednesday, January 12th. They issued a “acquire” rating and a $26.00 focus on value for the company.

Shares of NASDAQ:CSTR opened at $21.14 on Tuesday. The company has a speedy ratio of .84, a present-day ratio of .90 and a financial debt-to-fairness ratio of .08. Capstar Economic has a fifty-two 7 days lower of $15.31 and a fifty-two 7 days high of $23.00. The organization has a 50-day uncomplicated moving normal of $21.15 and a 200 working day simple going average of $21.38. The firm has a industry cap of $468.61 million, a PE ratio of 9.65 and a beta of 1.03.

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Capstar Financial (NASDAQ:CSTR) last announced its quarterly earnings info on Thursday, January 27th. The lender claimed $.56 earnings for each share for the quarter, beating analysts’ consensus estimates of $.51 by $.05. Capstar Fiscal had a web margin of 34.49{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on fairness of 13.66{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. Throughout the same quarter in the prior calendar year, the firm posted $.51 earnings for every share. As a group, investigate analysts forecast that Capstar Monetary will put up 1.86 EPS for the recent fiscal calendar year.

The enterprise also a short while ago declared a quarterly dividend, which will be paid on Wednesday, February 23rd. Stockholders of history on Wednesday, February 9th will be paid a $.06 dividend. This represents a $.24 dividend on an annualized basis and a dividend generate of 1.14{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The ex-dividend date is Tuesday, February 8th. Capstar Financial’s dividend payout ratio is at the moment 10.96{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

Several substantial investors have not long ago modified their holdings of CSTR. River Oaks Funds LLC obtained a new stake in shares of Capstar Fiscal in the 4th quarter truly worth somewhere around $3,207,000. Wellington Administration Team LLP lifted its stake in shares of Capstar Money by 76.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 3rd quarter. Wellington Administration Group LLP now owns 666,354 shares of the bank’s inventory well worth $14,153,000 immediately after obtaining an additional 288,638 shares for the duration of the time period. Stieven Cash Advisors L.P. acquired a new stake in shares of Capstar Monetary in the 3rd quarter value close to $3,902,000. Voya Investment decision Administration LLC lifted its stake in shares of Capstar Economic by 822.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 3rd quarter. Voya Expenditure Management LLC now owns 143,570 shares of the bank’s stock well worth $3,049,000 right after getting an additional 128,012 shares through the period. At last, Lender of Montreal Can obtained a new stake in shares of Capstar Monetary in the 4th quarter really worth around $2,124,000. 43.49{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is owned by institutional buyers.

About Capstar Economical

CapStar Monetary Holdings, Inc is a lender keeping enterprise, which engages in the provision of industrial banking providers. Its products and solutions and providers contain professional and industrial loans to tiny and medium sized organizations, industrial genuine estate financial loans, home loan banking, and private banking and wealth administration services for the entrepreneurs and operators of its business enterprise consumers and other superior internet value men and women.

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This instantaneous information alert was produced by narrative science technologies and economical information from MarketBeat in buy to offer readers with the speediest and most accurate reporting. This story was reviewed by MarketBeat’s editorial staff prior to publication. You should ship any thoughts or remarks about this story to [email protected]

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January 31, 2022

Brownsville receives high credit rating; Cited for strong financial management

Jan. 30—Two best bond credit ranking agencies, Moody’s Trader Services and S&P World-wide Scores, are giving the town of Brownsville superior marks for monetary administration and credit rating worthiness through fiscal yr 2021, regardless of challenges posed by the pandemic.

Moody’s previous 7 days assigned a ranking of “Aa3,” which is the fourth greatest rating in the agency’s long-phrase corporation obligation ranking method and signifies quite reduced credit history danger. Exclusively, the score targets $18.6 million in Certificates of Obligation the town issued and is shelling out off by way of an once-a-year advertisement valorem home tax, or surplus earnings from the municipal landfill if required.

Certificates of Obligation are a way for cities and other governmental entities to problem financial debt to pay for general public tasks without possessing to search for voter approval. The city is working with them to finance many funds infrastructure tasks.

Moody’s also preserved an “Aa3” score for on the city’s Basic Obligation Restricted Tax (GOLT) financial debt, which will equal $175.4 million when the bonds are issued, according to the company. GOLT bonds are individuals for which the governmental entity ought to elevate property taxes by a specified proportion to deal with the financial debt in the event of too much delinquency in house tax payments.

Moody’s claimed its ratings replicate “the city’s trend of beneficial fiscal functions supported by (an) growing financial state driven by cross-border trade with Mexico” and the Port of Brownsville, which the agency described as a “main energetic port.” Moody’s observed that irrespective of the city’s economic development, resident money and whole benefit of taxable residence are “incredibly weak” when compared to other entities in the exact score category.

On the as well as facet, the city’s debt and pension obligations are “manageable regardless of an elevated preset-expense profile,” in accordance to the agency.

One particular variable that could end result in a scores update would be “important enhancement in resident incomes and wealth indices,” although a weakening of the exact same could direct to a downgrade, Moody’s mentioned.

S&P delivered an “AA” rating, the agency’s 2nd greatest score, indicating a “very robust capability to meet monetary commitments.” S&P stated its ranking displays the city’s significance as a port-of-entry for global trade and commerce, with the University of Texas Rio Grande Valley exerting a “stabilizing effect on the local economic system.”

The company also cited growing residence and gross sales tax bases and strong fiscal administration. The metropolis ended up with a sizable fiscal 12 months surplus, although federal pandemic support to permitted for one particular-time capital investments although making probable a “incredibly strong fund harmony above the city’s 90-day fund equilibrium concentrate on.”

City Supervisor Noel Bernal mentioned recognition of the city’s economical administration techniques by two main score organizations is one thing to be proud of.

“These excellent and secure ratings let for the town of Brownsville to carry on making development on critical infrastructure investments that profit our general community as prioritized by our mayor and metropolis commission,” he stated.

December 4, 2021

Ameriprise Financial, Inc. (NYSE:AMP) Receives Average Rating of “Buy” from Analysts

Shares of Ameriprise Financial, Inc. (NYSE:AMP) have earned an average recommendation of “Buy” from the ten analysts that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $292.10.

A number of research analysts recently weighed in on the company. Morgan Stanley raised their price objective on Ameriprise Financial from $305.00 to $310.00 and gave the company an “equal weight” rating in a research report on Thursday, November 18th. Royal Bank of Canada raised their price objective on Ameriprise Financial from $325.00 to $350.00 and gave the company an “outperform” rating in a research report on Friday, October 29th. Credit Suisse Group raised their price objective on Ameriprise Financial from $317.00 to $348.00 and gave the company an “outperform” rating in a research report on Tuesday, November 2nd. They noted that the move was a valuation call. Finally, Wolfe Research assumed coverage on Ameriprise Financial in a research report on Tuesday, October 12th. They set an “outperform” rating and a $328.00 price objective for the company.

Shares of NYSE:AMP opened at $290.20 on Friday. Ameriprise Financial has a 52-week low of $182.83 and a 52-week high of $312.14. The firm has a market capitalization of $32.47 billion, a P/E ratio of 15.65 and a beta of 1.65. The stock has a 50 day moving average price of $292.90 and a 200-day moving average price of $270.40. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.13 and a current ratio of 1.13.

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Ameriprise Financial (NYSE:AMP) last announced its earnings results on Monday, October 25th. The financial services provider reported $5.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.49 by $0.42. Ameriprise Financial had a return on equity of 45.09{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a net margin of 17.39{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The firm had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.49 billion. During the same quarter in the prior year, the company earned $4.27 EPS. The business’s revenue was up 17.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} compared to the same quarter last year. On average, equities analysts forecast that Ameriprise Financial will post 22.27 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 19th. Shareholders of record on Monday, November 8th were paid a dividend of $1.13 per share. The ex-dividend date was Friday, November 5th. This represents a $4.52 annualized dividend and a yield of 1.56{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. Ameriprise Financial’s dividend payout ratio is 24.38{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

In related news, CEO James M. Cracchiolo sold 30,632 shares of Ameriprise Financial stock in a transaction on Friday, October 29th. The stock was sold at an average price of $303.67, for a total transaction of $9,302,019.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Walter Stanley Berman sold 15,986 shares of Ameriprise Financial stock in a transaction on Thursday, October 28th. The shares were sold at an average price of $302.37, for a total value of $4,833,686.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,118 shares of company stock worth $14,597,751. Company insiders own 1.10{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMP. BlackRock Inc. raised its holdings in Ameriprise Financial by 7.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the second quarter. BlackRock Inc. now owns 9,616,938 shares of the financial services provider’s stock valued at $2,393,463,000 after acquiring an additional 662,711 shares during the period. Bain Capital Public Equity Management II LLC bought a new stake in Ameriprise Financial during the third quarter valued at about $137,568,000. FMR LLC raised its holdings in Ameriprise Financial by 30.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the second quarter. FMR LLC now owns 1,515,762 shares of the financial services provider’s stock valued at $377,243,000 after acquiring an additional 354,421 shares during the period. Amundi bought a new stake in Ameriprise Financial during the second quarter valued at about $82,602,000. Finally, AGF Investments Inc. raised its holdings in Ameriprise Financial by 154.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the second quarter. AGF Investments Inc. now owns 389,060 shares of the financial services provider’s stock valued at $96,829,000 after acquiring an additional 236,402 shares during the period. Institutional investors own 81.97{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

Ameriprise Financial Company Profile

Ameriprise Financial, Inc operates as a holding company. The firm provides financial planning, asset management and insurance services to individuals, businesses and institutions. It operates through the following business segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other.

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