Ameriprise Financial, Inc. $AMP Stock Position Increased by D.A. Davidson & CO.

Key Points

• D.A. Davidson & CO. raised its Ameriprise stake by 116.5% in Q4 to 13,380 shares, worth roughly $6.56 million.
• Ameriprise beat EPS estimates (Q: $11.26 vs. $10.21) with revenue up 9.7% year-over-year despite a slight revenue miss; the consensus analyst rating is "Hold" with a $540.33 target and the stock trades at a ~11.8 P/E.
• Company insiders sold 16,658 shares (~$9.0M) in the last quarter leaving insiders with 0.60% ownership, and the firm raised its quarterly dividend to $1.70 (annualized $6.80, ~1.4% yield).

D.A. Davidson & CO. raised its position in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 116.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,380 shares of the financial services provider's stock after purchasing an additional 7,200 shares during the period. D.A. Davidson & CO.'s holdings in Ameriprise Financial were worth $6,561,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Holos Integrated Wealth LLC acquired a new stake in Ameriprise Financial in the 4th quarter valued at approximately $30,000. Redmont Wealth Advisors LLC acquired a new position in shares of Ameriprise Financial during the third quarter valued at $32,000. WFA of San Diego LLC bought a new stake in shares of Ameriprise Financial during the second quarter valued at about $36,000. Salomon & Ludwin LLC raised its stake in shares of Ameriprise Financial by 76.8% during the third 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 in the last quarter. Finally, Corundum Trust Company INC acquired a new stake in Ameriprise Financial in the third quarter worth about $49,000. Institutional investors and hedge funds own 83.95% of the company's stock.

Insider Buying and Selling

In other Ameriprise Financial news, insider Gumer Alvero sold 4,658 shares of the business's stock in a transaction dated 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 sale, the insider owned 4,621 shares in the company, valued at approximately $2,508,648.48. The trade was a 50.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Walter Stanley Berman sold 7,000 shares of the company's stock in a transaction dated 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 sale, the chief financial officer directly owned 5,609 shares of the company's stock, valued at $3,052,529.98. This represents a 55.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 16,658 shares of company stock valued at $8,998,675. 0.60% of the stock is owned by corporate insiders.

Ameriprise Financial Price Performance

Shares of Ameriprise Financial stock opened at $475.60 on Wednesday. Ameriprise Financial, Inc. has a 52 week low of $422.37 and a 52 week high of $550.18. The company has a current ratio of 0.66, a quick ratio of 0.68 and a debt-to-equity ratio of 0.90. The stock has a market cap of $43.36 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 1.17 and a beta of 1.27. The company's 50-day moving average price is $454.79 and its two-hundred day moving average price is $474.18.

Ameriprise Financial (NYSE:AMP - Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $11.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.21 by $1.05. The company had revenue of $4.77 billion for the quarter, compared to analysts' expectations of $4.82 billion. Ameriprise Financial had a net margin of 20.57% and a return on equity of 62.88%. The business's revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $9.50 EPS. As a group, sell-side analysts anticipate that Ameriprise Financial, Inc. will post 41.24 EPS for the current fiscal year.

Ameriprise Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Monday, May 4th will be given a $1.70 dividend. This is a positive change from Ameriprise Financial's previous quarterly dividend of $1.60. The ex-dividend date is Monday, May 4th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 1.4%. Ameriprise Financial's dividend payout ratio is 15.92%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Raymond James Financial set a $582.00 target price on shares of Ameriprise Financial and gave the company a "strong-buy" rating in a research report on Wednesday, February 11th. Piper Sandler reduced their price target on shares of Ameriprise Financial from $530.00 to $460.00 and set a "hold" rating for the company in a research note on Tuesday, April 7th. Keefe, Bruyette & Woods started coverage on shares of Ameriprise Financial in a report on Friday, April 10th. They issued a "hold" rating for the company. Royal Bank Of Canada reissued an "outperform" rating and set a $605.00 target price (up from $580.00) on shares of Ameriprise Financial in a report on Monday, February 2nd. Finally, Morgan Stanley cut their target price on Ameriprise Financial from $485.00 to $452.00 and set an "underweight" rating for the company in a research report on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $540.33.

About Ameriprise Financial

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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