International Assets Investment Management LLC Lowers Stock Holdings in Ameriprise Financial, Inc. (NYSE:AMP)

International Assets Investment Management LLC lessened its position in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 25.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 76,726 shares of the financial services provider's stock after selling 26,413 shares during the period. Ameriprise Financial makes up about 0.9% of International Assets Investment Management LLC's investment portfolio, making the stock its 8th biggest holding. International Assets Investment Management LLC owned about 0.08% of Ameriprise Financial worth $291,430,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of AMP. OFI Invest Asset Management bought a new stake in Ameriprise Financial in the third quarter valued at approximately $25,000. Carmel Capital Partners LLC bought a new stake in shares of Ameriprise Financial during the third quarter worth $30,000. Fortitude Family Office LLC bought a new stake in shares of Ameriprise Financial during the fourth quarter worth $39,000. WASHINGTON TRUST Co bought a new stake in shares of Ameriprise Financial during the fourth quarter worth $57,000. Finally, Raleigh Capital Management Inc. increased its position in shares of Ameriprise Financial by 38.3% during the third quarter. Raleigh Capital Management Inc. now owns 184 shares of the financial services provider's stock worth $61,000 after acquiring an additional 51 shares in the last quarter. Institutional investors own 83.95% of the company's stock.

Ameriprise Financial Stock Up 0.9 %

Shares of NYSE:AMP traded up $3.94 during trading on Friday, reaching $418.95. 279,665 shares of the stock were exchanged, compared to its average volume of 497,740. The stock has a fifty day moving average of $419.94 and a two-hundred day moving average of $383.20. Ameriprise Financial, Inc. has a 1-year low of $279.85 and a 1-year high of $440.67. The firm has a market cap of $41.97 billion, a price-to-earnings ratio of 14.26, a price-to-earnings-growth ratio of 0.70 and a beta of 1.35. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.56 and a quick ratio of 0.56.

Ameriprise Financial (NYSE:AMP - Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. 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 return on equity of 75.97% and a net margin of 19.42%. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the prior year, the company posted $7.25 earnings per share. Ameriprise Financial's revenue was up 10.8% compared to the same quarter last year. Research analysts anticipate that Ameriprise Financial, Inc. will post 34.74 earnings per share for the current fiscal year.

Ameriprise Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Monday, May 6th will be issued a dividend of $1.48 per share. The ex-dividend date is Friday, May 3rd. This represents a $5.92 annualized dividend and a yield of 1.41%. This is an increase from Ameriprise Financial's previous quarterly dividend of $1.35. Ameriprise Financial's dividend payout ratio is 18.38%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Raymond James assumed coverage on shares of Ameriprise Financial in a research report on Thursday, March 21st. They set a "market perform" rating for the company. UBS Group increased their price target on shares of Ameriprise Financial from $440.00 to $445.00 and gave the company a "buy" rating in a research note on Thursday, January 25th. Evercore ISI raised their target price on shares of Ameriprise Financial from $400.00 to $445.00 and gave the stock an "in-line" rating in a research note on Thursday, April 11th. The Goldman Sachs Group raised their price target on shares of Ameriprise Financial from $437.00 to $488.00 and gave the stock a "buy" rating in a research report on Wednesday, March 27th. Finally, Morgan Stanley raised their price target on shares of Ameriprise Financial from $400.00 to $437.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $449.57.

Insider Buying and Selling

In other Ameriprise Financial news, SVP Dawn M. Brockman sold 224 shares of the company's stock in a transaction on Tuesday, March 26th. The stock was 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 owns 1,288 shares in the company, valued at approximately $559,159.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Ameriprise Financial news, SVP Dawn M. Brockman sold 224 shares of the company's stock in a transaction on Tuesday, March 26th. The stock was 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 owns 1,288 shares in the company, valued at approximately $559,159.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Francis Sharpe, Jr. sold 4,000 shares of the company's stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $386.60, for a total value of $1,546,400.00. Following the completion of the transaction, the director now owns 12,500 shares of the company's stock, valued at approximately $4,832,500. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 74,326 shares of company stock worth $29,775,593. 0.73% of the stock is owned by corporate insiders.

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.