2,547 Shares in Ameriprise Financial, Inc. $AMP Purchased by V Square Quantitative Management LLC

Key Points

• V Square Quantitative Management bought a new stake of 2,547 shares in Ameriprise Financial (NYSE:AMP) during Q4, valued at about $1.249 million, and institutional investors own roughly 83.95% of the stock.
• Insider selling has been notable: CFO Walter Stanley Berman sold 7,000 shares at an average $544.22 and Gumer Alvero sold 4,658 shares at $542.88, with insiders offloading 16,658 shares (~$9.0M) in the last 90 days and now holding just 0.60%.
• Ameriprise beat expectations in the most recent quarter (EPS $10.83 vs. $10.33 expected; revenue $4.92B vs. $4.75B), pays a $1.60 quarterly dividend (1.4% yield), and carries a consensus analyst rating of "Hold" with a $547.89 target price.

V Square Quantitative Management LLC bought a new stake in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,547 shares of the financial services provider's stock, valued at approximately $1,249,000.

Other large investors also recently added to or reduced their stakes in the company. Holos Integrated Wealth LLC acquired a new position in Ameriprise Financial during the 4th quarter valued at about $30,000. Heartwood Wealth Advisors LLC acquired a new position in Ameriprise Financial during the 3rd quarter valued at about $32,000. Redmont Wealth Advisors LLC acquired a new position in Ameriprise Financial during the 3rd quarter valued at about $32,000. WFA of San Diego LLC acquired a new position in Ameriprise Financial during the 2nd quarter valued at about $36,000. Finally, Salomon & Ludwin LLC lifted its position in Ameriprise Financial by 76.8% during the 3rd quarter. Salomon & Ludwin LLC now owns 99 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 43 shares during the period. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ameriprise Financial

In other news, CFO Walter Stanley Berman sold 7,000 shares of the firm's stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $544.22, for a total transaction of $3,809,540.00. Following the completion of the transaction, the chief financial officer directly owned 5,609 shares of the company's stock, valued at $3,052,529.98. This trade represents a 55.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gumer Alvero sold 4,658 shares of the firm's stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $542.88, for a total transaction of $2,528,735.04. Following the transaction, the insider directly owned 4,621 shares of the company's stock, valued at $2,508,648.48. This represents a 50.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 16,658 shares of company stock valued at $8,998,675 in the last ninety days. 0.60% of the stock is currently owned by corporate insiders.

Ameriprise Financial Stock Performance

Shares of AMP stock opened at $452.51 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market capitalization of $41.26 billion, a P/E ratio of 12.45, a price-to-earnings-growth ratio of 1.10 and a beta of 1.27. The company's 50 day moving average price is $467.07 and its two-hundred day moving average price is $477.13. Ameriprise Financial, Inc. has a 52 week low of $422.37 and a 52 week high of $550.18.

Ameriprise Financial (NYSE:AMP - Get Free Report) last issued its quarterly earnings results on Thursday, January 29th. The financial services provider reported $10.83 earnings per share for the quarter, topping the consensus estimate of $10.33 by $0.50. The company had revenue of $4.92 billion during the quarter, compared to analysts' expectations of $4.75 billion. Ameriprise Financial had a net margin of 19.28% and a return on equity of 63.04%. The business's quarterly revenue was up 10.2% on a year-over-year basis. During the same period last year, the business earned $9.54 EPS. On average, analysts expect that Ameriprise Financial, Inc. will post 38.64 earnings per share for the current fiscal year.

Ameriprise Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 9th were paid a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, February 9th. Ameriprise Financial's dividend payout ratio (DPR) is currently 17.60%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Raymond James Financial set a $582.00 price target on shares of Ameriprise Financial and gave the company a "strong-buy" rating in a research report on Wednesday, February 11th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $605.00 price target (up from $580.00) on shares of Ameriprise Financial in a research report on Monday, February 2nd. Morgan Stanley increased their price target on shares of Ameriprise Financial from $484.00 to $485.00 and gave the company an "underweight" rating in a research report on Monday, December 22nd. Jefferies Financial Group increased their price target on shares of Ameriprise Financial from $600.00 to $620.00 and gave the company a "buy" rating in a research report on Monday, February 2nd. Finally, Piper Sandler cut their price target on shares of Ameriprise Financial from $530.00 to $460.00 and set a "neutral" rating on the stock in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $547.89.

Ameriprise Financial Company Profile

Ameriprise Financial, Inc is a diversified financial services company headquartered in Minneapolis, Minnesota. The firm provides a range of advice-based wealth management, asset management and insurance products to individual and institutional clients. Its business model centers on delivering financial planning and investment advice through a network of financial advisors alongside proprietary product offerings designed to meet retirement, protection and accumulation needs.

Core products and services include comprehensive financial planning and advisory services, managed investment portfolios, retirement planning solutions, annuities and life insurance products.

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