International Assets Investment Management LLC Has $291.43 Million Stock Holdings in Ameriprise Financial, Inc. (NYSE:AMP)

International Assets Investment Management LLC decreased its holdings in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 25.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,726 shares of the financial services provider's stock after selling 26,413 shares during the period. International Assets Investment Management LLC owned about 0.08% of Ameriprise Financial worth $291,430,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMP. State Street Corp grew its position in shares of Ameriprise Financial by 0.7% during the 2nd quarter. State Street Corp now owns 4,651,183 shares of the financial services provider's stock worth $1,544,937,000 after buying an additional 32,632 shares in the last quarter. Morgan Stanley grew its position in shares of Ameriprise Financial by 9.0% during the 4th quarter. Morgan Stanley now owns 2,375,581 shares of the financial services provider's stock worth $739,686,000 after buying an additional 195,537 shares in the last quarter. Nuveen Asset Management LLC grew its position in shares of Ameriprise Financial by 29.7% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,673,748 shares of the financial services provider's stock worth $555,952,000 after buying an additional 382,811 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its position in Ameriprise Financial by 106,308.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,587,613 shares of the financial services provider's stock valued at $494,335,000 after purchasing an additional 1,586,121 shares in the last quarter. Finally, Norges Bank bought a new stake in Ameriprise Financial during the fourth quarter valued at about $389,527,000. Hedge funds and other institutional investors own 83.95% of the company's stock.

Ameriprise Financial Price Performance

Shares of AMP traded up $5.92 during trading hours on Friday, hitting $434.81. 295,544 shares of the stock were exchanged, compared to its average volume of 485,645. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.56 and a current ratio of 0.56. The stock's 50-day moving average price is $410.43 and its two-hundred day moving average price is $371.11. The company has a market cap of $43.56 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 0.72 and a beta of 1.36. Ameriprise Financial, Inc. has a 12-month low of $279.85 and a 12-month high of $440.67.

Ameriprise Financial (NYSE:AMP - Get Free Report) last issued its earnings results on Thursday, January 25th. The financial services provider reported $7.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.67 by $0.08. The company had revenue of $3.99 billion during the quarter, compared to analysts' expectations of $3.90 billion. Ameriprise Financial had a return on equity of 77.39% and a net margin of 16.27%. The firm's quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the business earned $6.94 EPS. Research analysts expect that Ameriprise Financial, Inc. will post 34.36 earnings per share for the current year.

Ameriprise Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Friday, February 9th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Thursday, February 8th. Ameriprise Financial's dividend payout ratio (DPR) is presently 22.78%.

Analyst Ratings Changes

A number of equities research analysts have commented on AMP shares. Morgan Stanley increased their price target on Ameriprise Financial from $394.00 to $400.00 and gave the company an "equal weight" rating in a research note on Monday, January 29th. The Goldman Sachs Group lifted their price target on Ameriprise Financial from $437.00 to $488.00 and gave the company a "buy" rating in a research report on Wednesday, March 27th. Piper Sandler boosted their price objective on Ameriprise Financial from $360.00 to $392.00 and gave the company an "underweight" rating in a research report on Friday. Keefe, Bruyette & Woods boosted their price objective on Ameriprise Financial from $400.00 to $420.00 and gave the company a "market perform" rating in a research report on Tuesday, January 30th. Finally, Royal Bank of Canada boosted their price objective on Ameriprise Financial from $410.00 to $420.00 and gave the company an "outperform" rating in a research report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $423.57.

Insider Activity

In other news, CEO William F. Truscott sold 9,689 shares of the company's stock in a transaction on Friday, January 26th. The stock was sold at an average price of $390.22, for a total value of $3,780,841.58. Following the transaction, the chief executive officer now owns 12,126 shares of the company's stock, valued at approximately $4,731,807.72. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO William F. Truscott sold 9,689 shares of the stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $390.22, for a total transaction of $3,780,841.58. Following the transaction, the chief executive officer now owns 12,126 shares of the company's stock, valued at approximately $4,731,807.72. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Joseph Edward Sweeney sold 5,146 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $389.47, for a total value of $2,004,212.62. Following the transaction, the insider now directly owns 9,421 shares in the company, valued at approximately $3,669,196.87. The disclosure for this sale can be found here. Insiders have sold a total of 89,161 shares of company stock valued at $35,560,647 in the last quarter. Insiders own 0.73% of the company's stock.

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.