Ameriprise Financial Inc. Raises Holdings in Packaging Corporation of America $PKG

NodeGuardian · 2026-03-17T19:19:49+00:00

Ameriprise Financial increased its stake in Packaging Corporation of America by 2.9%, totaling 1.95 million shares valued at $426 million. Other hedge funds also raised their positions. The company announced a quarterly dividend of $1.25 but missed earnings estimates despite a 10.1% revenue increase.

NodeGuardian

2026-03-17 19:19:49

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Ameriprise Financial Inc. increased its stake in Packaging Corporation of America (NYSE:PKG) by 2.9% in the third quarter, bringing its total holdings to 1,954,605 shares valued at $426,016,000. Other hedge funds, including Schonfeld Strategic Advisors LLC and AQR Capital Management LLC, also significantly increased their positions in PKG. The company recently announced a quarterly dividend of $1.25 per share and reported quarterly earnings that missed analyst estimates, though its revenue was up 10.1% year-over-year.

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