Ameriprise Financial, Inc. $AMP Shares Bought by Venture Visionary Partners LLC

Key Points

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Venture Visionary Partners LLC increased its position in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 5.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,870 shares of the financial services provider's stock after purchasing an additional 791 shares during the quarter. Venture Visionary Partners LLC's holdings in Ameriprise Financial were worth $7,199,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. University of Texas Texas AM Investment Management Co. bought a new position in Ameriprise Financial during the 4th quarter valued at $26,000. Sunbeam Capital Management LLC bought a new position in Ameriprise Financial during the 4th quarter valued at $31,000. Opal Wealth Advisors LLC bought a new position in Ameriprise Financial during the 1st quarter valued at $36,000. Quarry LP boosted its stake in Ameriprise Financial by 148.6% during the 4th quarter. Quarry LP now owns 87 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 52 shares during the last quarter. Finally, TCTC Holdings LLC boosted its stake in Ameriprise Financial by 100.0% during the 1st 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 last quarter. 83.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on AMP. Keefe, Bruyette & Woods increased their price objective on shares of Ameriprise Financial from $520.00 to $550.00 and gave the company a "market perform" rating in a research note on Wednesday, July 9th. Raymond James Financial increased their price objective on shares of Ameriprise Financial from $518.00 to $582.00 and gave the company a "strong-buy" rating in a research note on Friday, July 25th. Morgan Stanley downgraded shares of Ameriprise Financial from an "equal weight" rating to an "underweight" rating and raised their price target for the stock from $462.00 to $530.00 in a research report on Tuesday, July 15th. William Blair downgraded shares of Ameriprise Financial from an "outperform" rating to a "market perform" rating in a research report on Friday, July 25th. Finally, Royal Bank Of Canada raised their price target on shares of Ameriprise Financial from $595.00 to $601.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Ameriprise Financial currently has a consensus rating of "Hold" and a consensus target price of $534.71.

Ameriprise Financial Stock Performance

NYSE AMP traded up $10.6240 on Friday, hitting $515.8540. The stock had a trading volume of 441,906 shares, compared to its average volume of 411,409. Ameriprise Financial, Inc. has a one year low of $396.14 and a one year high of $582.05. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.95. The stock has a market cap of $48.63 billion, a price-to-earnings ratio of 16.05, a P/E/G ratio of 1.07 and a beta of 1.24. The company's 50-day moving average is $521.12 and its two-hundred day moving average is $506.26.

Ameriprise Financial (NYSE:AMP - Get Free Report) last released its earnings results on Thursday, July 24th. The financial services provider reported $9.11 EPS for the quarter, beating the consensus estimate of $9.00 by $0.11. The firm had revenue of $4.49 billion for 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%. Ameriprise Financial's quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the company earned $8.72 EPS. On average, analysts expect that Ameriprise Financial, Inc. will post 38.64 earnings per share for the current year.

Ameriprise Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, August 4th were paid 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 1.2%. Ameriprise Financial's dividend payout ratio (DPR) is presently 19.91%.

Insider Buying and Selling

In other Ameriprise Financial news, CEO William F. Truscott sold 9,929 shares of the firm's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $506.89, for a total transaction of $5,032,910.81. Following the transaction, the chief executive officer owned 11,047 shares of the company's stock, valued at approximately $5,599,613.83. This trade represents a 47.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.73% of the company's stock.

About Ameriprise Financial

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.