Natixis Advisors LLC Lowers Position in Ameriprise Financial, Inc. $AMP

Key Points

• Natixis Advisors LLC reduced its stake in Ameriprise Financial by 18.8% in Q3, selling 25,999 shares and leaving it with 112,409 shares worth about $55.2M (≈0.12% of the company).
• Ameriprise beat quarterly expectations with EPS of $10.83 and revenue of $4.92B; the stock trades at a P/E of 12.67, yields 1.4% (annualized $6.40), and carries a consensus analyst rating of Hold with an average price target of $555.67.
• Company insiders sold a total of 16,658 shares (~$9.0M) during the quarter — including 7,000 shares by the CFO — leaving insiders with about 0.57% ownership.

Natixis Advisors LLC lessened its stake in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 18.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,409 shares of the financial services provider's stock after selling 25,999 shares during the quarter. Natixis Advisors LLC owned approximately 0.12% of Ameriprise Financial worth $55,221,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AMP. Winnow Wealth LLC bought a new position in Ameriprise Financial during the 2nd quarter valued at $32,000. Heartwood Wealth Advisors LLC bought a new stake in shares of Ameriprise Financial in the 3rd quarter worth $32,000. Redmont Wealth Advisors LLC bought a new stake in shares of Ameriprise Financial in the 3rd quarter worth $32,000. WFA of San Diego LLC purchased a new stake in shares of Ameriprise Financial in the second quarter valued at about $36,000. Finally, Salomon & Ludwin LLC raised its holdings in shares of Ameriprise Financial by 76.8% in 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 during the last quarter. Hedge funds and other institutional investors own 83.95% of the company's stock.

Ameriprise Financial Price Performance

AMP opened at $460.51 on Tuesday. Ameriprise Financial, Inc. has a fifty-two week low of $396.14 and a fifty-two week high of $550.18. The firm has a 50-day moving average of $495.22 and a 200 day moving average of $486.65. 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 firm has a market cap of $41.99 billion, a P/E ratio of 12.67, a PEG ratio of 1.08 and a beta of 1.27.

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

Ameriprise Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 9th were issued a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, February 9th. Ameriprise Financial's payout ratio is 17.60%.

Analyst Upgrades and Downgrades

AMP has been the topic of several analyst reports. Royal Bank Of Canada restated an "outperform" rating and set a $605.00 price target (up from $580.00) on shares of Ameriprise Financial in a report on Monday, February 2nd. Morgan Stanley increased their price objective on shares of Ameriprise Financial from $484.00 to $485.00 and gave the company an "underweight" rating in a research note on Monday, December 22nd. Piper Sandler raised shares of Ameriprise Financial from an "underweight" rating to a "neutral" rating and lifted their target price for the stock from $434.00 to $530.00 in a research report on Friday, January 30th. Argus cut their target price on Ameriprise Financial from $568.00 to $554.00 and set a "buy" rating on the stock in a research note on Thursday, November 13th. Finally, BMO Capital Markets reaffirmed a "market perform" rating on shares of Ameriprise Financial in a report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $555.67.

Insider Buying and Selling

In other Ameriprise Financial news, CFO Walter Stanley Berman sold 7,000 shares of the firm's stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $544.22, for a total value of $3,809,540.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Gumer Alvero sold 4,658 shares of the business's stock in a transaction on Monday, February 9th. The shares were sold at an average price of $542.88, for a total value of $2,528,735.04. Following the completion of 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 16,658 shares of company stock valued at $8,998,675. 0.57% of the stock is owned by company insiders.

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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