Ameriprise Financial, Inc. (NYSE:AMP) Shares Bought by RWA Wealth Partners LLC

RWA Wealth Partners LLC increased its stake in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 77.9% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,370 shares of the financial services provider's stock after buying an additional 1,913 shares during the quarter. RWA Wealth Partners LLC's holdings in Ameriprise Financial were worth $1,660,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Barclays PLC raised its stake in Ameriprise Financial by 63.9% in the 3rd quarter. Barclays PLC now owns 350,391 shares of the financial services provider's stock valued at $115,517,000 after acquiring an additional 136,621 shares during the period. Qube Research & Technologies Ltd raised its stake in Ameriprise Financial by 134.4% in the 3rd quarter. Qube Research & Technologies Ltd now owns 208,570 shares of the financial services provider's stock valued at $68,761,000 after acquiring an additional 119,578 shares during the period. Assenagon Asset Management S.A. raised its stake in Ameriprise Financial by 107.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 209,822 shares of the financial services provider's stock valued at $69,174,000 after acquiring an additional 108,461 shares during the period. Payden & Rygel Investment Group bought a new stake in Ameriprise Financial in the 3rd quarter valued at about $28,382,000. Finally, Canada Pension Plan Investment Board raised its stake in Ameriprise Financial by 398.5% in the 3rd quarter. Canada Pension Plan Investment Board now owns 100,100 shares of the financial services provider's stock valued at $33,001,000 after acquiring an additional 80,020 shares during the period. 83.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on AMP shares. The Goldman Sachs Group boosted their price objective 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 started coverage on Ameriprise Financial in a research report on Thursday, March 21st. They set a "market perform" rating on the stock. Evercore ISI upped their price target on Ameriprise Financial from $400.00 to $445.00 and gave the company an "in-line" rating in a research report on Thursday, April 11th. Keefe, Bruyette & Woods upped their price target on Ameriprise Financial from $420.00 to $460.00 and gave the company a "market perform" rating in a research report on Wednesday, April 10th. Finally, Royal Bank of Canada upped their price target on Ameriprise Financial from $470.00 to $480.00 and gave the company an "outperform" rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, five have issued 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 price target of $449.57.

Insiders Place Their Bets

In other Ameriprise Financial news, CEO William F. Truscott sold 9,689 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 12,126 shares of the company's stock, valued at $4,731,807.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Joseph Edward Sweeney sold 5,146 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $389.47, for a total transaction of $2,004,212.62. Following the completion of the sale, the insider now owns 9,421 shares of the company's stock, valued at $3,669,196.87. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO William F. Truscott sold 9,689 shares of the stock in a transaction that occurred on Friday, January 26th. The shares were 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 of the company's stock, valued at approximately $4,731,807.72. The disclosure for this sale can be found here. Insiders sold a total of 89,161 shares of company stock valued at $35,560,647 over the last quarter. 0.96% of the stock is owned by corporate insiders.

Ameriprise Financial Price Performance

Shares of AMP stock traded up $5.17 during trading on Wednesday, hitting $412.86. The company had a trading volume of 625,126 shares, compared to its average volume of 502,423. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.17. The stock's 50-day moving average is $418.15 and its two-hundred day moving average is $379.98. The stock has a market capitalization of $41.36 billion, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 0.69 and a beta of 1.36. Ameriprise Financial, Inc. has a 52 week low of $279.85 and a 52 week high of $440.67.

Ameriprise Financial (NYSE:AMP - Get Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $8.39 earnings per share for the quarter, topping the consensus estimate of $8.10 by $0.29. The company had revenue of $4.15 billion for the quarter, compared to analysts' expectations of $4.15 billion. Ameriprise Financial had a net margin of 19.42% and a return on equity of 78.98%. Ameriprise Financial's revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the prior year, the business earned $7.25 earnings per share. As a group, analysts predict that Ameriprise Financial, Inc. will post 34.43 EPS for the current fiscal year.

Ameriprise Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Monday, May 6th will be paid a $1.48 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $5.92 annualized dividend and a yield of 1.43%. This is a positive change from Ameriprise Financial's previous quarterly dividend of $1.35. Ameriprise Financial's dividend payout ratio is currently 18.38%.

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.