Applied Finance Capital Management LLC Has $22.74 Million Stock Holdings in Ameriprise Financial, Inc. (NYSE:AMP)

Applied Finance Capital Management LLC boosted its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 10.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,854 shares of the financial services provider's stock after purchasing an additional 5,823 shares during the quarter. Ameriprise Financial comprises 2.0% of Applied Finance Capital Management LLC's holdings, making the stock its 21st largest holding. Applied Finance Capital Management LLC owned 0.06% of Ameriprise Financial worth $22,735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMP. New Century Financial Group LLC acquired a new stake in Ameriprise Financial in the 4th quarter worth approximately $238,000. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Ameriprise Financial in the 4th quarter valued at $2,012,000. Inceptionr LLC raised its stake in Ameriprise Financial by 73.9% in the 4th quarter. Inceptionr LLC now owns 1,499 shares of the financial services provider's stock worth $569,000 after acquiring an additional 637 shares during the last quarter. Wade G W & Inc. raised its stake in Ameriprise Financial by 105.9% in the 4th quarter. Wade G W & Inc. now owns 3,049 shares of the financial services provider's stock worth $1,158,000 after acquiring an additional 1,568 shares during the last quarter. Finally, KLR Investment Advisors LLC lifted its position in Ameriprise Financial by 10.8% during the 4th quarter. KLR Investment Advisors LLC now owns 1,612 shares of the financial services provider's stock worth $612,000 after acquiring an additional 157 shares during the period. Hedge funds and other institutional investors own 83.95% of the company's stock.

Ameriprise Financial Trading Down 0.4 %

Shares of Ameriprise Financial stock traded down $1.86 on Friday, reaching $434.12. The company had a trading volume of 931,876 shares, compared to its average volume of 481,542. The firm's 50 day moving average price is $424.31 and its two-hundred day moving average price is $392.37. 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, Inc. has a 52-week low of $291.87 and a 52-week high of $442.09. The firm has a market cap of $43.12 billion, a PE ratio of 14.78, a PEG ratio of 0.74 and a beta of 1.35.

Ameriprise Financial (NYSE:AMP - Get Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $8.39 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $4.15 billion. During the same period in the previous year, the firm posted $7.25 earnings per share. The company's revenue was up 10.8% on a year-over-year basis. Sell-side analysts predict that Ameriprise Financial, Inc. will post 34.93 earnings per share for the current fiscal year.

Ameriprise Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Monday, May 6th were paid a $1.48 dividend. This is a boost from Ameriprise Financial's previous quarterly dividend of $1.35. This represents a $5.92 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Friday, May 3rd. Ameriprise Financial's dividend payout ratio (DPR) is presently 20.15%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. 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 report on Thursday, April 11th. Keefe, Bruyette & Woods boosted their price objective on Ameriprise Financial from $420.00 to $460.00 and gave the company a "market perform" rating in a report on Wednesday, April 10th. The Goldman Sachs Group raised their target price on Ameriprise Financial from $437.00 to $488.00 and gave the stock a "buy" rating in a report on Wednesday, March 27th. Piper Sandler boosted their target price 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, Morgan Stanley upped their price objective 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 research 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.com, the company currently has an average rating of "Hold" and a consensus price target of $450.88.

Insider Buying and Selling at Ameriprise Financial

In related news, CEO William F. Truscott sold 8,000 shares of Ameriprise Financial stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 13,134 shares in the company, valued at $5,411,864.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO William F. Truscott sold 8,000 shares of the company's stock in a transaction dated Wednesday, February 28th. The stock was 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 approximately $5,411,864.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Gumer Alvero sold 1,652 shares of the stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $437.00, for a total value of $721,924.00. Following the completion of the transaction, the insider now owns 6,994 shares in the company, valued at approximately $3,056,378. The disclosure for this sale can be found here. Insiders have sold 35,999 shares of company stock valued at $14,649,273 in the last quarter. Corporate insiders own 0.73% of the company's stock.

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.