Clarius Group LLC Sells 1,122 Shares of Ameriprise Financial, Inc. $AMP

Key Points

• Clarius Group LLC reduced its holdings in Ameriprise Financial by 46.1%, selling 1,122 shares and leaving them with 1,312 shares worth $700,000.
• Ameriprise Financial recently reported EPS of $9.11 for the last quarter, beating estimates and marking a 2.2% revenue increase year-over-year.
• The company declared a quarterly dividend of $1.60 per share, which represents an annual yield of 1.3%, with a payout ratio of 19.91%.

Clarius Group LLC lessened its position in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 46.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,312 shares of the financial services provider's stock after selling 1,122 shares during the period. Clarius Group LLC's holdings in Ameriprise Financial were worth $700,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMP. Wealth Preservation Advisors LLC bought a new stake in Ameriprise Financial during the 1st quarter worth approximately $29,000. TD Capital Management LLC increased its holdings in Ameriprise Financial by 566.7% during the 1st quarter. TD Capital Management LLC now owns 60 shares of the financial services provider's stock worth $29,000 after acquiring an additional 51 shares during the period. WPG Advisers LLC bought a new position in shares of Ameriprise Financial in the 1st quarter worth $33,000. Opal Wealth Advisors LLC bought a new position in shares of Ameriprise Financial in the 1st quarter worth $36,000. Finally, TCTC Holdings LLC increased its holdings in shares of Ameriprise Financial by 100.0% in the 1st quarter. TCTC Holdings LLC now owns 98 shares of the financial services provider's stock worth $47,000 after buying an additional 49 shares during the last quarter. Institutional investors own 83.95% of the company's stock.

Insider Buying and Selling at Ameriprise Financial

In other news, EVP Heather J. Melloh sold 1,500 shares of the firm's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $512.34, for a total value of $768,510.00. Following the completion of the sale, the executive vice president directly owned 2,562 shares of the company's stock, valued at approximately $1,312,615.08. This trade represents a 36.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO William F. Truscott sold 9,929 shares of the firm's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $506.89, for a total transaction of $5,032,910.81. Following the completion of the sale, the chief executive officer directly owned 11,047 shares of the company's stock, valued at approximately $5,599,613.83. This represents a 47.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company's stock.

Ameriprise Financial Price Performance

Shares of Ameriprise Financial stock opened at $491.67 on Monday. Ameriprise Financial, Inc. has a 52-week low of $396.14 and a 52-week high of $582.05. The stock has a market capitalization of $46.35 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of 1.11 and a beta of 1.26. The company has a fifty day moving average of $502.93 and a 200-day moving average of $502.19. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.62 and a current ratio of 0.62.

Ameriprise Financial (NYSE:AMP - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The financial services provider reported $9.11 earnings per share for the quarter, beating the consensus estimate of $9.00 by $0.11. The business had revenue of $4.49 billion during the quarter, compared to analysts' expectations of $4.33 billion. Ameriprise Financial had a net margin of 18.30% and a return on equity of 65.90%. The firm's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $8.72 EPS. Equities research analysts expect that Ameriprise Financial, Inc. will post 38.64 EPS for the current year.

Ameriprise Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, August 4th were given a dividend of $1.60 per share. The ex-dividend date of this dividend was Monday, August 4th. This represents a $6.40 annualized dividend and a yield of 1.3%. Ameriprise Financial's dividend payout ratio is presently 19.91%.

Analyst Ratings Changes

A number of brokerages have recently commented on AMP. Morgan Stanley decreased their price target on shares of Ameriprise Financial from $530.00 to $484.00 and set an "underweight" rating on the stock in a report on Wednesday, October 1st. BMO Capital Markets began coverage on shares of Ameriprise Financial in a report on Friday. They issued a "market perform" rating and a $525.00 price target on the stock. Royal Bank Of Canada increased their price target on shares of Ameriprise Financial from $595.00 to $601.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Piper Sandler increased their price target on shares of Ameriprise Financial from $423.00 to $434.00 and gave the stock an "underweight" rating in a report on Thursday, July 3rd. Finally, William Blair cut shares of Ameriprise Financial from an "outperform" rating to a "market perform" rating in a research note on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $535.14.

Ameriprise Financial Profile

Ameriprise Financial, Inc, together with its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through four segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other.

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