Ameriprise Financial, Inc. (NYSE:AMP) Stock Position Increased by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust lifted its position in Ameriprise Financial, Inc. (NYSE:AMP) by 18.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 511 shares of the financial services provider’s stock after buying an additional 79 shares during the period. Parkside Financial Bank & Trust’s holdings in Ameriprise Financial were worth $194,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of AMP. Venture Visionary Partners LLC raised its position in shares of Ameriprise Financial by 2.9% during the fourth quarter. Venture Visionary Partners LLC now owns 14,874 shares of the financial services provider’s stock worth $5,650,000 after purchasing an additional 416 shares during the period. 17 Capital Partners LLC acquired a new stake in shares of Ameriprise Financial during the fourth quarter worth $2,078,000. Cerity Partners LLC raised its position in shares of Ameriprise Financial by 280.6% during the fourth quarter. Cerity Partners LLC now owns 30,502 shares of the financial services provider’s stock worth $11,585,000 after purchasing an additional 22,487 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Ameriprise Financial during the third quarter worth $1,150,000. Finally, Harbor Investment Advisory LLC raised its position in shares of Ameriprise Financial by 75.4% during the fourth quarter. Harbor Investment Advisory LLC now owns 335 shares of the financial services provider’s stock worth $127,000 after purchasing an additional 144 shares during the period. Institutional investors own 83.95% of the company’s stock.

Insider Buying and Selling at Ameriprise Financial

In other Ameriprise Financial news, Director Robert Francis Sharpe, Jr. sold 4,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $386.60, for a total value of $1,546,400.00. Following the transaction, the director now owns 12,500 shares in the company, valued at $4,832,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Ameriprise Financial news, Director Robert Francis Sharpe, Jr. sold 4,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $386.60, for a total value of $1,546,400.00. Following the completion of the sale, the director now owns 12,500 shares of the company’s stock, valued at $4,832,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Gumer Alvero sold 1,652 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $437.00, for a total value of $721,924.00. Following the completion of the sale, the insider now directly owns 6,994 shares of the company’s stock, valued at approximately $3,056,378. The disclosure for this sale can be found here. Insiders have sold 89,161 shares of company stock worth $35,560,647 over the last 90 days. 0.73% of the stock is currently owned by corporate insiders.

Ameriprise Financial Stock Performance

Shares of NYSE AMP opened at $412.86 on Thursday. The business’s 50-day moving average price is $418.15 and its two-hundred day moving average price is $379.98. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.56 and a quick ratio of 0.56. Ameriprise Financial, Inc. has a one year low of $279.85 and a one year high of $440.67. The company has a market capitalization of $41.36 billion, a P/E ratio of 14.05, a price-to-earnings-growth ratio of 0.67 and a beta of 1.36.

Ameriprise Financial (NYSE:AMP) last issued its earnings results on Tuesday, April 23rd. 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 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 the consensus estimate of $4.15 billion. During the same quarter in the previous year, the company posted $7.25 earnings per share. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. Analysts anticipate that Ameriprise Financial, Inc. will post 34.43 earnings per share for the current fiscal year.

Ameriprise Financial Increases Dividend

The company 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 $1.48 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $5.92 dividend on an annualized basis and a yield of 1.43%. This is an increase from Ameriprise Financial’s previous quarterly dividend of $1.35. Ameriprise Financial’s payout ratio is 18.38%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AMP. Keefe, Bruyette & Woods boosted their target price on Ameriprise Financial from $420.00 to $460.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 10th. Raymond James assumed coverage on Ameriprise Financial in a research report on Thursday, March 21st. They set a “market perform” rating on the stock. 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. 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. Finally, Royal Bank of Canada lifted their price target on Ameriprise Financial from $470.00 to $480.00 and gave the company an “outperform” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Ameriprise Financial has an average rating of “Hold” and a consensus target price of $449.57.

Ameriprise Financial 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.