First Citizens Bank & Trust Co. reduced its position in Ameriprise Financial, Inc. (NYSE:AMP) by 38.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,731 shares of the financial services provider’s stock after selling 6,653 shares during the period. First Citizens Bank & Trust Co.’s holdings in Ameriprise Financial were worth $1,819,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. IHT Wealth Management LLC raised its position in Ameriprise Financial by 284.0% during the second quarter. IHT Wealth Management LLC now owns 311 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 230 shares during the period. Sun Life Financial INC raised its position in Ameriprise Financial by 10,100.0% during the second quarter. Sun Life Financial INC now owns 1,122 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 1,111 shares during the period. D.A. Davidson & CO. raised its position in Ameriprise Financial by 60.3% during the second quarter. D.A. Davidson & CO. now owns 1,374 shares of the financial services provider’s stock valued at $174,000 after purchasing an additional 517 shares during the period. Wesbanco Bank Inc. purchased a new stake in Ameriprise Financial during the third quarter valued at approximately $200,000. Finally, Shelton Capital Management purchased a new stake in Ameriprise Financial during the third quarter valued at approximately $203,000. Institutional investors own 81.53% of the company’s stock.
In related news, CEO James M. Cracchiolo sold 2,428 shares of the stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $161.07, for a total value of $391,077.96. Following the transaction, the chief executive officer now owns 242,013 shares of the company’s stock, valued at $38,981,033.91. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman James M. Cracchiolo sold 42,228 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $159.33, for a total value of $6,728,187.24. Following the completion of the transaction, the chairman now directly owns 242,013 shares in the company, valued at approximately $38,559,931.29. The disclosure for this sale can be found here. In the last three months, insiders sold 94,284 shares of company stock worth $15,690,258. 1.50% of the stock is owned by insiders.
Ameriprise Financial, Inc. (AMP) traded down $3.58 on Friday, hitting $167.50. The stock had a trading volume of 1,093,591 shares, compared to its average volume of 1,155,174. The company has a market capitalization of $24,955.79 and a PE ratio of 17.74. Ameriprise Financial, Inc. has a 1 year low of $118.84 and a 1 year high of $183.90. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.67 and a current ratio of 0.67.
Ameriprise Financial (NYSE:AMP) last released its earnings results on Wednesday, January 24th. The financial services provider reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $3.08 by ($1.90). Ameriprise Financial had a net margin of 12.31% and a return on equity of 31.03%. The business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same period in the prior year, the company posted $2.46 EPS. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. sell-side analysts expect that Ameriprise Financial, Inc. will post 14.43 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Friday, February 16th will be paid a $0.83 dividend. The ex-dividend date is Thursday, February 15th. This represents a $3.32 annualized dividend and a yield of 1.98%. Ameriprise Financial’s dividend payout ratio (DPR) is currently 35.17%.
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Ameriprise Financial Company Profile
Ameriprise Financial, Inc is a financial services company that offers financial solutions to individual and institutional clients. The Company operates in five segments: Advice & Wealth Management; Asset Management; Annuities; Protection, and Corporate & Other. The Company uses Ameriprise Financial as its enterprise brand, as well as the name of its advisor network and certain of its retail products and services.
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