Sapient Capital LLC Invests $1.33 Million in Ameriprise Financial, Inc. (NYSE:AMP)

Sapient Capital LLC acquired a new position in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,492 shares of the financial services provider's stock, valued at approximately $1,326,000.

Several other institutional investors have also recently made changes to their positions in AMP. Signaturefd LLC increased its holdings in Ameriprise Financial by 1.4% in the 3rd quarter. Signaturefd LLC now owns 2,238 shares of the financial services provider's stock worth $738,000 after acquiring an additional 31 shares in the last quarter. Meeder Advisory Services Inc. boosted its position in shares of Ameriprise Financial by 1.1% during the 4th quarter. Meeder Advisory Services Inc. now owns 2,969 shares of the financial services provider's stock valued at $1,128,000 after acquiring an additional 31 shares during the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of Ameriprise Financial by 1.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 2,176 shares of the financial services provider's stock valued at $827,000 after acquiring an additional 33 shares during the last quarter. CI Investments Inc. boosted its position in shares of Ameriprise Financial by 2.6% during the 3rd quarter. CI Investments Inc. now owns 1,336 shares of the financial services provider's stock valued at $440,000 after acquiring an additional 34 shares during the last quarter. Finally, Gateway Advisory LLC boosted its position in shares of Ameriprise Financial by 1.7% during the 3rd quarter. Gateway Advisory LLC now owns 2,081 shares of the financial services provider's stock valued at $686,000 after acquiring an additional 34 shares during the last quarter. Institutional investors own 83.95% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on AMP shares. Piper Sandler raised their price target on Ameriprise Financial from $360.00 to $392.00 and gave the stock an "underweight" rating in a research report on Friday, April 5th. Morgan Stanley raised their price target on Ameriprise Financial from $400.00 to $437.00 and gave the company an "equal weight" rating in a research note on Tuesday. Keefe, Bruyette & Woods raised their price target on Ameriprise Financial from $420.00 to $460.00 and gave the company a "market perform" rating in a research note on Wednesday. The Goldman Sachs Group lifted their target price on Ameriprise Financial from $437.00 to $488.00 and gave the company a "buy" rating in a research note on Wednesday, March 27th. Finally, Raymond James initiated coverage on Ameriprise Financial in a research note on Thursday, March 21st. They issued a "market perform" rating on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Ameriprise Financial currently has a consensus rating of "Hold" and a consensus price target of $441.00.

Insider Buying and Selling

In related news, insider Gumer Alvero sold 1,652 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $437.00, for a total transaction of $721,924.00. Following the transaction, the insider now owns 6,994 shares of the company's stock, valued at approximately $3,056,378. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Gumer Alvero sold 1,652 shares of the firm's stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $437.00, for a total transaction of $721,924.00. Following the sale, the insider now owns 6,994 shares of the company's stock, valued at approximately $3,056,378. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William F. Truscott sold 9,689 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now directly owns 12,126 shares in the company, valued at approximately $4,731,807.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 89,161 shares of company stock valued at $35,560,647. Corporate insiders own 0.73% of the company's stock.

Ameriprise Financial Trading Down 2.1 %

Shares of Ameriprise Financial stock traded down $8.78 during trading hours on Friday, hitting $413.70. The company's stock had a trading volume of 610,452 shares, compared to its average volume of 482,694. Ameriprise Financial, Inc. has a twelve month low of $279.85 and a twelve month high of $440.67. The firm has a fifty day moving average of $414.38 and a 200-day moving average of $374.16. The stock has a market cap of $41.45 billion, a price-to-earnings ratio of 17.45, a P/E/G ratio of 0.70 and a beta of 1.36. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.56 and a current ratio of 0.56.

Ameriprise Financial (NYSE:AMP - Get Free Report) last announced its quarterly earnings results on Thursday, January 25th. The financial services provider reported $7.75 EPS for the quarter, beating the consensus estimate of $7.67 by $0.08. Ameriprise Financial had a return on equity of 77.39% and a net margin of 16.27%. The business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.90 billion. During the same quarter in the prior year, the company posted $6.94 EPS. The company's quarterly revenue was up 9.0% on a year-over-year basis. Research analysts forecast that Ameriprise Financial, Inc. will post 34.54 EPS for the current year.

Ameriprise Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Friday, February 9th were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 1.31%. The ex-dividend date was Thursday, February 8th. Ameriprise Financial's payout ratio is 22.78%.

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.