Ameriprise Financial (NYSE:AMP) Stock Price Down 4.3%

Ameriprise Financial, Inc. (NYSE:AMP - Get Free Report)'s share price traded down 4.3% on Tuesday . The stock traded as low as $403.31 and last traded at $403.31. 168,396 shares traded hands during trading, a decline of 66% from the average session volume of 489,164 shares. The stock had previously closed at $421.38.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Evercore ISI lifted their price target on shares of Ameriprise Financial from $400.00 to $445.00 and gave the company an "in-line" rating in a research note on Thursday, April 11th. Keefe, Bruyette & Woods boosted their price objective on shares of Ameriprise Financial from $420.00 to $460.00 and gave the stock a "market perform" rating in a research note on Wednesday, April 10th. Morgan Stanley boosted their price objective on shares of Ameriprise Financial from $400.00 to $437.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 9th. UBS Group boosted their price objective on shares of Ameriprise Financial from $440.00 to $445.00 and gave the stock a "buy" rating in a research note on Thursday, January 25th. Finally, Raymond James initiated coverage on shares of Ameriprise Financial in a research note on Thursday, March 21st. They issued a "market perform" rating for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Ameriprise Financial has a consensus rating of "Hold" and a consensus target price of $441.00.

Ameriprise Financial Stock Down 3.3 %

The company's fifty day simple moving average is $417.37 and its 200-day simple moving average is $379.18. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.56 and a quick ratio of 0.56. The firm has a market capitalization of $40.80 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 0.69 and a beta of 1.36.

Ameriprise Financial (NYSE:AMP - Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $8.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.10 by $0.29. Ameriprise Financial had a net margin of 16.27% and a return on equity of 77.39%. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same period in the previous year, the company earned $7.25 earnings per share. The business's revenue for the quarter was up 10.8% on a year-over-year basis. On average, analysts forecast that Ameriprise Financial, Inc. will post 34.43 EPS for the current year.

Ameriprise Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Monday, May 6th will be issued a $1.48 dividend. This is a positive change from Ameriprise Financial's previous quarterly dividend of $1.35. This represents a $5.92 annualized dividend and a yield of 1.45%. The ex-dividend date is Friday, May 3rd. Ameriprise Financial's payout ratio is currently 22.78%.

Insiders Place Their Bets

In other Ameriprise Financial news, insider Gumer Alvero sold 1,652 shares of Ameriprise Financial stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $437.00, for a total value of $721,924.00. Following the transaction, the insider now directly owns 6,994 shares of the company's stock, valued at $3,056,378. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO William F. Truscott sold 9,689 shares of the business's stock in a transaction on Friday, January 26th. The shares were sold at an average price of $390.22, for a total transaction of $3,780,841.58. Following the sale, the chief executive officer now directly owns 12,126 shares of the company's stock, valued at $4,731,807.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Gumer Alvero sold 1,652 shares of the business's stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $437.00, for a total transaction of $721,924.00. Following the sale, the insider now directly owns 6,994 shares in the company, valued at $3,056,378. The disclosure for this sale can be found here. Over the last three months, insiders have sold 89,161 shares of company stock valued at $35,560,647. 0.96% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ameriprise Financial

Large investors have recently made changes to their positions in the stock. CWM LLC boosted its holdings in Ameriprise Financial by 2.9% in the third quarter. CWM LLC now owns 2,433 shares of the financial services provider's stock valued at $802,000 after purchasing an additional 69 shares during the last quarter. AE Wealth Management LLC boosted its holdings in Ameriprise Financial by 8.3% in the third quarter. AE Wealth Management LLC now owns 10,079 shares of the financial services provider's stock valued at $3,323,000 after purchasing an additional 769 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in Ameriprise Financial by 8.1% in the third quarter. Ritholtz Wealth Management now owns 1,755 shares of the financial services provider's stock valued at $579,000 after purchasing an additional 131 shares during the last quarter. Arkadios Wealth Advisors purchased a new stake in Ameriprise Financial in the third quarter valued at $233,000. Finally, Summit Global Investments purchased a new stake in Ameriprise Financial in the third quarter valued at $393,000. 83.95% of the stock is owned by hedge funds and other institutional investors.

Ameriprise Financial Company 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.