BNP Paribas Financial Markets Purchases 56,648 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

BNP Paribas Financial Markets grew its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 113.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 106,780 shares of the financial services provider's stock after acquiring an additional 56,648 shares during the period. BNP Paribas Financial Markets owned about 0.11% of Ameriprise Financial worth $40,558,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Great Diamond Partners LLC grew its stake in Ameriprise Financial by 3.5% in the fourth quarter. Great Diamond Partners LLC now owns 7,826 shares of the financial services provider's stock worth $2,973,000 after purchasing an additional 267 shares in the last quarter. Versor Investments LP boosted its stake in Ameriprise Financial by 52.6% in the fourth quarter. Versor Investments LP now owns 2,900 shares of the financial services provider's stock valued at $1,102,000 after acquiring an additional 1,000 shares during the period. Lebenthal Global Advisors LLC acquired a new position in Ameriprise Financial in the fourth quarter valued at approximately $547,000. Schaper Benz & Wise Investment Counsel Inc. WI acquired a new position in Ameriprise Financial in the fourth quarter valued at approximately $222,000. Finally, Principal Securities Inc. acquired a new position in Ameriprise Financial in the fourth quarter valued at approximately $1,535,000. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Ameriprise Financial

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. 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 Ameriprise Financial stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $434.13, for a total transaction of $97,245.12. Following the transaction, the senior vice president now owns 1,288 shares in the company, valued at $559,159.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,287 shares of company stock valued at $19,160,409. Corporate insiders own 0.96% of the company's stock.

Ameriprise Financial Price Performance

NYSE:AMP traded down $1.61 during midday trading on Monday, hitting $431.94. 237,611 shares of the stock were exchanged, compared to its average volume of 488,350. Ameriprise Financial, Inc. has a one year low of $291.87 and a one year high of $440.67. The company has a market capitalization of $42.90 billion, a price-to-earnings ratio of 14.70, a P/E/G ratio of 0.74 and a beta of 1.35. The business has a 50-day moving average price of $422.07 and a two-hundred day moving average price of $388.66. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.13.

Ameriprise Financial (NYSE:AMP - Get Free Report) last announced its earnings results on Wednesday, April 24th. The financial services provider reported $8.39 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 firm had revenue of $4.15 billion for the quarter, compared to analysts' expectations of $4.15 billion. During the same quarter in the previous year, the company earned $7.25 earnings per share. The firm's quarterly revenue was up 10.8% compared to the same quarter last year. Sell-side analysts predict that Ameriprise Financial, Inc. will post 34.74 EPS for the current year.

Ameriprise Financial Increases Dividend

The company also recently announced 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. This is a boost from Ameriprise Financial's previous quarterly dividend of $1.35. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $5.92 annualized dividend and a yield of 1.37%. Ameriprise Financial's payout ratio is presently 20.15%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on AMP shares. Piper Sandler lifted their target price on Ameriprise Financial from $360.00 to $392.00 and gave the company an "underweight" rating in a research note on Friday, April 5th. 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. Raymond James initiated coverage on Ameriprise Financial in a research note on Thursday, March 21st. They issued a "market perform" rating for the company. Evercore ISI lifted their price target on Ameriprise Financial from $400.00 to $445.00 and gave the company an "in-line" rating in a report on Thursday, April 11th. Finally, The Goldman Sachs Group lifted their price target on Ameriprise Financial from $437.00 to $488.00 and gave the company a "buy" rating in a report on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to MarketBeat, Ameriprise Financial has a consensus rating of "Hold" and an average price target of $450.88.

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.