Principal Securities Inc. bought a new position in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,042 shares of the financial services provider's stock, valued at approximately $1,535,000.
Other large investors have also made changes to their positions in the company. Signaturefd LLC grew its position in Ameriprise Financial by 1.4% during the third quarter. Signaturefd LLC now owns 2,238 shares of the financial services provider's stock valued at $738,000 after buying an additional 31 shares during the period. Meeder Advisory Services Inc. increased its holdings in Ameriprise Financial by 1.1% in the 4th quarter. Meeder Advisory Services Inc. now owns 2,969 shares of the financial services provider's stock worth $1,128,000 after acquiring an additional 31 shares in the last quarter. Fidelis Capital Partners LLC lifted its holdings in Ameriprise Financial by 5.1% during the fourth quarter. Fidelis Capital Partners LLC now owns 656 shares of the financial services provider's stock valued at $249,000 after purchasing an additional 32 shares in the last quarter. Stratos Wealth Partners LTD. lifted its holdings in Ameriprise Financial by 1.5% during the fourth quarter. Stratos Wealth Partners LTD. now owns 2,176 shares of the financial services provider's stock valued at $827,000 after purchasing an additional 33 shares in the last quarter. Finally, CI Investments Inc. increased its stake in shares of Ameriprise Financial by 2.6% in the third quarter. CI Investments Inc. now owns 1,336 shares of the financial services provider's stock worth $440,000 after purchasing an additional 34 shares in the last quarter. 83.95% of the stock is currently owned by institutional investors.
Ameriprise Financial Price Performance
AMP stock traded up $3.52 during trading on Friday, hitting $433.55. 329,956 shares of the company's stock traded hands, compared to its average volume of 530,624. Ameriprise Financial, Inc. has a 52 week low of $286.58 and a 52 week high of $440.67. The stock has a market capitalization of $43.06 billion, a price-to-earnings ratio of 14.76, a P/E/G ratio of 0.73 and a beta of 1.35. The business has a fifty day simple moving average of $422.07 and a 200 day simple moving average of $387.57. The company has a debt-to-equity ratio of 1.13, 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 Wednesday, April 24th. The financial services provider reported $8.39 EPS for the quarter, beating analysts' consensus estimates of $8.10 by $0.29. Ameriprise Financial had a net margin of 19.42% and a return on equity of 75.97%. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter last year, the firm earned $7.25 EPS. The firm's revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, research analysts expect that Ameriprise Financial, Inc. will post 34.74 EPS for the current fiscal year.
Ameriprise Financial Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Monday, May 6th will be given a dividend of $1.48 per share. The ex-dividend date is Friday, May 3rd. This represents a $5.92 annualized dividend and a dividend yield of 1.37%. This is an increase from Ameriprise Financial's previous quarterly dividend of $1.35. Ameriprise Financial's payout ratio is currently 20.15%.
Insider Activity at Ameriprise Financial
In other Ameriprise Financial news, CEO William F. Truscott sold 8,000 shares of Ameriprise Financial stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $412.05, for a total transaction of $3,296,400.00. Following the completion of the transaction, the chief executive officer now directly owns 13,134 shares of the company's stock, valued at $5,411,864.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO William F. Truscott sold 8,000 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $412.05, for a total value of $3,296,400.00. Following the sale, the chief executive officer now directly owns 13,134 shares of the company's stock, valued at approximately $5,411,864.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James M. Cracchiolo sold 2,493 shares of the business's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $401.11, for a total value of $999,967.23. Following the transaction, the chief executive officer now owns 196,598 shares of the company's stock, valued at approximately $78,857,423.78. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 56,980 shares of company stock worth $23,053,480. Company insiders own 0.73% of the company's stock.
Analyst Ratings Changes
Several research analysts recently weighed in on AMP shares. Morgan Stanley upped their target price on shares of Ameriprise Financial from $400.00 to $437.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 9th. Keefe, Bruyette & Woods boosted their price target on Ameriprise Financial from $420.00 to $460.00 and gave the stock a "market perform" rating in a report on Wednesday, April 10th. Royal Bank of Canada lifted their price objective on shares of Ameriprise Financial from $470.00 to $480.00 and gave the company an "outperform" rating in a research report on Wednesday, April 24th. Piper Sandler boosted their target price on shares of Ameriprise Financial from $360.00 to $392.00 and gave the stock an "underweight" rating in a report on Friday, April 5th. Finally, The Goldman Sachs Group raised their target price on shares of Ameriprise Financial from $437.00 to $488.00 and gave the company a "buy" rating in a research note on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Ameriprise Financial currently has an average rating of "Hold" and a consensus price target of $450.88.
Check Out Our Latest Stock Report on Ameriprise Financial
About Ameriprise Financial
(
Free Report)
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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