Ameriprise Financial, Inc. (NYSE:AMP) Position Lessened by Foundry Partners LLC

Foundry Partners LLC trimmed its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 10.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 81,609 shares of the financial services provider's stock after selling 9,900 shares during the quarter. Ameriprise Financial accounts for about 1.9% of Foundry Partners LLC's investment portfolio, making the stock its 4th biggest position. Foundry Partners LLC owned approximately 0.08% of Ameriprise Financial worth $30,998,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. OFI Invest Asset Management bought a new stake in Ameriprise Financial in the third quarter valued at about $25,000. Financial Freedom LLC bought a new stake in Ameriprise Financial in the fourth quarter valued at about $27,000. Turtle Creek Wealth Advisors LLC bought a new stake in Ameriprise Financial in the fourth quarter valued at about $34,000. Carmel Capital Partners LLC bought a new stake in Ameriprise Financial in the third quarter valued at about $30,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in Ameriprise Financial in the fourth quarter valued at about $34,000. 83.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Morgan Stanley lifted their target price on Ameriprise Financial from $400.00 to $437.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 9th. 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. Raymond James assumed coverage on Ameriprise Financial in a research note on Thursday, March 21st. They issued a "market perform" rating for the company. UBS Group lifted their target price on Ameriprise Financial from $440.00 to $445.00 and gave the company a "buy" rating in a research note on Thursday, January 25th. Finally, Evercore ISI lifted their target price on Ameriprise Financial from $400.00 to $445.00 and gave the company an "in-line" rating in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $441.00.

Insiders Place Their Bets

In other Ameriprise Financial news, insider Gumer Alvero sold 1,652 shares of the company's stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $437.00, for a total value of $721,924.00. Following the completion of the sale, the insider now directly owns 6,994 shares in the company, valued at $3,056,378. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Ameriprise Financial news, insider Gumer Alvero sold 1,652 shares of the company's stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $437.00, for a total value of $721,924.00. Following the transaction, the insider now 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 this link. Also, SVP Dawn M. Brockman sold 224 shares of the company's stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $434.13, for a total value of $97,245.12. Following the completion of the transaction, the senior vice president now directly owns 1,288 shares in the company, valued at approximately $559,159.44. The disclosure for this sale can be found here. Insiders sold 89,161 shares of company stock worth $35,560,647 over the last ninety days. Company insiders own 0.73% of the company's stock.

Ameriprise Financial Stock Performance

Shares of NYSE AMP traded up $4.38 during midday trading on Friday, hitting $417.01. 1,159,135 shares of the company's stock were exchanged, compared to its average volume of 429,511. 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 stock's 50 day moving average price is $416.89 and its 200-day moving average price is $378.48. The firm has a market cap of $41.78 billion, a P/E ratio of 17.59, a PEG ratio of 0.69 and a beta of 1.36. Ameriprise Financial, Inc. has a twelve month low of $279.85 and a twelve month high of $440.67.

Ameriprise Financial (NYSE:AMP - Get Free Report) last released its earnings results on Thursday, January 25th. The financial services provider reported $7.75 earnings per share for the quarter, topping analysts' consensus estimates of $7.67 by $0.08. The firm had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.90 billion. Ameriprise Financial had a return on equity of 77.39% and a net margin of 16.27%. The firm's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.94 earnings per share. Equities research analysts anticipate that Ameriprise Financial, Inc. will post 34.43 EPS for the current year.

Ameriprise Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Friday, February 9th were given a $1.35 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $5.40 dividend on an annualized basis and a yield of 1.29%. Ameriprise Financial's dividend payout ratio (DPR) is 22.78%.

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.

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