Ameriprise Financial, Inc. (NYSE:AMP) Shares Sold by Natixis

Natixis trimmed its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 95.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,077 shares of the financial services provider's stock after selling 39,758 shares during the period. Natixis' holdings in Ameriprise Financial were worth $1,106,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of AMP. Norinchukin Bank The lifted its position in shares of Ameriprise Financial by 9.0% during the 4th quarter. Norinchukin Bank The now owns 4,516 shares of the financial services provider's stock valued at $2,404,000 after buying an additional 372 shares in the last quarter. Ossiam raised its position in shares of Ameriprise Financial by 775.1% during the 4th quarter. Ossiam now owns 28,948 shares of the financial services provider's stock worth $15,413,000 after purchasing an additional 25,640 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its stake in Ameriprise Financial by 30.4% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 93,954 shares of the financial services provider's stock valued at $50,024,000 after buying an additional 21,911 shares in the last quarter. Epoch Investment Partners Inc. boosted its holdings in Ameriprise Financial by 3.3% in the 4th quarter. Epoch Investment Partners Inc. now owns 484,182 shares of the financial services provider's stock worth $257,793,000 after buying an additional 15,252 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in Ameriprise Financial by 0.6% during the 4th quarter. First Trust Advisors LP now owns 456,542 shares of the financial services provider's stock worth $243,076,000 after buying an additional 2,825 shares in the last quarter. 83.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Ameriprise Financial

In other Ameriprise Financial news, CEO William F. Truscott sold 6,000 shares of Ameriprise Financial stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $540.29, for a total transaction of $3,241,740.00. Following the completion of the sale, the chief executive officer now directly owns 14,023 shares of the company's stock, valued at $7,576,486.67. The trade was a 29.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph Edward Sweeney sold 4,636 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $539.07, for a total value of $2,499,128.52. Following the completion of the transaction, the insider now owns 7,237 shares in the company, valued at approximately $3,901,249.59. The trade was a 39.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,636 shares of company stock valued at $6,263,989. 0.73% of the stock is currently owned by corporate insiders.

Ameriprise Financial Trading Down 0.2 %

NYSE:AMP traded down $1.16 on Tuesday, reaching $467.22. 142,159 shares of the company's stock were exchanged, compared to its average volume of 489,715. The business has a fifty day moving average of $485.25 and a 200-day moving average of $522.27. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.01. Ameriprise Financial, Inc. has a 52-week low of $385.74 and a 52-week high of $582.05. The firm has a market capitalization of $44.77 billion, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 1.15 and a beta of 1.23.

Ameriprise Financial (NYSE:AMP - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $9.50 EPS for the quarter, beating the consensus estimate of $9.08 by $0.42. Ameriprise Financial had a net margin of 19.70% and a return on equity of 69.35%. The company had revenue of $4.35 billion during the quarter, compared to analysts' expectations of $4.45 billion. During the same quarter last year, the company posted $8.39 EPS. The firm's revenue was up 3.6% compared to the same quarter last year. As a group, analysts expect that Ameriprise Financial, Inc. will post 38.64 earnings per share for the current year.

Ameriprise Financial announced that its board has approved a share buyback program on Thursday, April 24th that permits the company to buyback $4.50 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 9.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

Ameriprise Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 19th. Stockholders of record on Monday, May 5th will be paid a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Monday, May 5th. This is a boost from Ameriprise Financial's previous quarterly dividend of $1.48. Ameriprise Financial's dividend payout ratio (DPR) is presently 21.75%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AMP shares. Piper Sandler lifted their price target on Ameriprise Financial from $415.00 to $442.00 and gave the stock an "underweight" rating in a research note on Friday, January 31st. UBS Group downgraded shares of Ameriprise Financial from a "buy" rating to a "neutral" rating and cut their price objective for the company from $580.00 to $570.00 in a report on Monday, January 6th. Keefe, Bruyette & Woods lowered their target price on Ameriprise Financial from $570.00 to $520.00 and set a "market perform" rating on the stock in a report on Wednesday, April 9th. Morgan Stanley lifted their price objective on Ameriprise Financial from $507.00 to $542.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 4th. Finally, Raymond James upgraded Ameriprise Financial from a "market perform" rating to a "strong-buy" rating and set a $518.00 target price for the company in a report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $517.44.

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.