2,043 Shares in Ameriprise Financial, Inc. (NYSE:AMP) Bought by Fielder Capital Group LLC

Fielder Capital Group LLC bought a new position in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,043 shares of the financial services provider's stock, valued at approximately $776,000.

A number of other institutional investors have also made changes to their positions in AMP. Commonwealth Equity Services LLC increased its holdings in shares of Ameriprise Financial by 2.5% in the third quarter. Commonwealth Equity Services LLC now owns 31,339 shares of the financial services provider's stock valued at $10,332,000 after purchasing an additional 760 shares during the last quarter. Pinnacle Associates Ltd. grew its stake in Ameriprise Financial by 6.5% in the 3rd quarter. Pinnacle Associates Ltd. now owns 1,099 shares of the financial services provider's stock valued at $362,000 after buying an additional 67 shares during the last quarter. Stratos Wealth Partners LTD. raised its holdings in Ameriprise Financial by 3.9% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 2,143 shares of the financial services provider's stock valued at $707,000 after acquiring an additional 81 shares during the period. Independent Advisor Alliance lifted its position in Ameriprise Financial by 18.3% during the third quarter. Independent Advisor Alliance now owns 2,358 shares of the financial services provider's stock worth $777,000 after acquiring an additional 365 shares during the last quarter. Finally, Bailard Inc. lifted its position in Ameriprise Financial by 134.1% during the third quarter. Bailard Inc. now owns 2,620 shares of the financial services provider's stock worth $864,000 after acquiring an additional 1,501 shares during the last quarter. 83.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Ameriprise Financial

In other news, CFO Walter Stanley Berman sold 13,346 shares of the business's stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $387.81, for a total transaction of $5,175,712.26. Following the completion of the transaction, the chief financial officer now owns 6,409 shares of the company's stock, valued at approximately $2,485,474.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO James M. Cracchiolo sold 12,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $401.48, for a total value of $4,817,760.00. Following the completion of the transaction, the chief executive officer now owns 169,012 shares of the company's stock, valued at approximately $67,854,937.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Walter Stanley Berman sold 13,346 shares of the firm's stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $387.81, for a total transaction of $5,175,712.26. Following the completion of the sale, the chief financial officer now owns 6,409 shares in the company, valued at approximately $2,485,474.29. The disclosure for this sale can be found here. In the last quarter, insiders have sold 70,326 shares of company stock valued at $28,229,193. 0.96% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Evercore ISI upped their target price 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. Morgan Stanley increased their price objective on Ameriprise Financial from $400.00 to $437.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 9th. Royal Bank of Canada lifted their target price on Ameriprise Financial from $470.00 to $480.00 and gave the stock an "outperform" rating in a report on Wednesday, April 24th. Piper Sandler upped their price target on shares of Ameriprise Financial from $360.00 to $392.00 and gave the company an "underweight" rating in a research note on Friday, April 5th. Finally, 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $450.88.

Ameriprise Financial Price Performance

Shares of NYSE AMP traded up $0.02 during mid-day trading on Tuesday, reaching $424.98. The company had a trading volume of 398,244 shares, compared to its average volume of 495,777. Ameriprise Financial, Inc. has a one year low of $286.58 and a one year high of $440.67. The business's 50-day simple moving average is $420.85 and its 200 day simple moving average is $386.14. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a market cap of $42.58 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 0.71 and a beta of 1.35.

Ameriprise Financial (NYSE:AMP - Get Free Report) last issued its earnings results on Wednesday, April 24th. The financial services provider reported $8.39 EPS for the quarter, beating the consensus estimate of $8.10 by $0.29. The company had revenue of $4.15 billion during 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 75.97%. The business's revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the previous year, the company earned $7.25 EPS. On average, research analysts predict that Ameriprise Financial, Inc. will post 34.74 earnings per share for the current fiscal year.

Ameriprise Financial Increases Dividend

The firm 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 dividend of $1.48 per share. The ex-dividend date of this dividend is Friday, May 3rd. This is a boost from Ameriprise Financial's previous quarterly dividend of $1.35. This represents a $5.92 annualized dividend and a yield of 1.39%. Ameriprise Financial's dividend payout ratio is presently 20.15%.

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.