J. Safra Sarasin Holding AG Has $30.75 Million Stock Holdings in Ameriprise Financial, Inc. $AMP

Key Points

• J. Safra Sarasin Holding AG reduced its stake in Ameriprise Financial by 6.8%, now holding approximately $30.75 million worth of shares.
• The company's stock has recently experienced a 0.9% decrease in value, reflecting a market capitalization of $45.91 billion.
• Ameriprise Financial declared a quarterly dividend of $1.60, yielding 1.3%, with a dividend payout ratio of 19.91%.

J. Safra Sarasin Holding AG cut its stake in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 6.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,604 shares of the financial services provider's stock after selling 4,183 shares during the quarter. J. Safra Sarasin Holding AG owned approximately 0.06% of Ameriprise Financial worth $30,745,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Wealth Preservation Advisors LLC bought a new stake in Ameriprise Financial in the first quarter worth $29,000. TD Capital Management LLC boosted its holdings in Ameriprise Financial by 566.7% in the first quarter. TD Capital Management LLC now owns 60 shares of the financial services provider's stock worth $29,000 after purchasing an additional 51 shares in the last quarter. WPG Advisers LLC bought a new stake in Ameriprise Financial in the first quarter worth $33,000. Opal Wealth Advisors LLC bought a new stake in Ameriprise Financial in the first quarter worth $36,000. Finally, TCTC Holdings LLC boosted its holdings in Ameriprise Financial by 100.0% during the first quarter. TCTC Holdings LLC now owns 98 shares of the financial services provider's stock valued at $47,000 after acquiring an additional 49 shares during the period. 83.95% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO William F. Truscott sold 9,929 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $506.89, for a total value of $5,032,910.81. Following the completion of the transaction, the chief executive officer owned 11,047 shares of the company's stock, valued at $5,599,613.83. This represents a 47.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Heather J. Melloh sold 1,500 shares of the firm's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $512.34, for a total transaction of $768,510.00. Following the sale, the executive vice president directly owned 2,562 shares of the company's stock, valued at approximately $1,312,615.08. The trade was a 36.93% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.73% of the company's stock.

Ameriprise Financial Stock Down 0.9%

Shares of AMP opened at $487.04 on Thursday. The company has a 50-day simple moving average of $504.05 and a 200-day simple moving average of $502.09. The firm has a market capitalization of $45.91 billion, a P/E ratio of 15.15, a P/E/G ratio of 1.05 and a beta of 1.26. 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, Inc. has a 52 week low of $396.14 and a 52 week high of $582.05.

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

Ameriprise Financial Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Morgan Stanley decreased their price target on shares of Ameriprise Financial from $530.00 to $484.00 and set an "underweight" rating for the company in a report on Wednesday. Raymond James Financial upped their price target on shares of Ameriprise Financial from $518.00 to $582.00 and gave the company a "strong-buy" rating in a report on Friday, July 25th. Keefe, Bruyette & Woods upped their price target on shares of Ameriprise Financial from $520.00 to $550.00 and gave the company a "market perform" rating in a report on Wednesday, July 9th. William Blair cut shares of Ameriprise Financial from an "outperform" rating to a "market perform" rating in a report on Friday, July 25th. Finally, Piper Sandler upped their price objective on shares of Ameriprise Financial from $423.00 to $434.00 and gave the company an "underweight" rating in a research report on Thursday, July 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $536.83.

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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