Yousif Capital Management LLC Sells 2,858 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Yousif Capital Management LLC cut its holdings in Ameriprise Financial, Inc. (NYSE:AMP) by 16.3% during the fourth quarter, Holdings Channel reports. The firm owned 14,705 shares of the financial services provider’s stock after selling 2,858 shares during the quarter. Yousif Capital Management LLC’s holdings in Ameriprise Financial were worth $5,585,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC purchased a new position in Ameriprise Financial in the 4th quarter worth approximately $314,000. Parkside Financial Bank & Trust lifted its holdings in Ameriprise Financial by 18.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 511 shares of the financial services provider’s stock worth $194,000 after purchasing an additional 79 shares in the last quarter. SlateStone Wealth LLC purchased a new position in Ameriprise Financial in the 4th quarter worth approximately $204,000. Larson Financial Group LLC lifted its holdings in Ameriprise Financial by 41.1% in the 4th quarter. Larson Financial Group LLC now owns 632 shares of the financial services provider’s stock worth $240,000 after purchasing an additional 184 shares in the last quarter. Finally, Foster & Motley Inc. raised its holdings in shares of Ameriprise Financial by 2.5% during the 4th quarter. Foster & Motley Inc. now owns 27,461 shares of the financial services provider’s stock worth $10,431,000 after acquiring an additional 675 shares in the last quarter. 83.95% of the stock is owned by hedge funds and other institutional investors.

Ameriprise Financial Stock Performance

NYSE:AMP opened at $410.64 on Friday. The stock’s fifty day moving average is $418.41 and its 200 day moving average is $380.19. The firm has a market capitalization of $41.14 billion, a PE ratio of 13.98, a PEG ratio of 0.68 and a beta of 1.36. 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 fifty-two week low of $279.85 and a fifty-two week high of $440.67.

Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $8.39 EPS for the quarter, beating the consensus estimate of $8.10 by $0.29. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.15 billion. Ameriprise Financial had a return on equity of 75.97% and a net margin of 19.42%. Ameriprise Financial’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $7.25 EPS. On average, sell-side analysts anticipate that Ameriprise Financial, Inc. will post 34.58 earnings per share for the current year.

Ameriprise Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Monday, May 6th will be given a $1.48 dividend. This represents a $5.92 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Friday, May 3rd. This is an increase from Ameriprise Financial’s previous quarterly dividend of $1.35. Ameriprise Financial’s dividend payout ratio is 18.38%.

Analyst Ratings Changes

AMP has been the topic of several recent research reports. Piper Sandler upped their price objective on Ameriprise Financial from $360.00 to $392.00 and gave the stock an “underweight” rating in a report on Friday, April 5th. Evercore ISI upped their price objective on 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 upped their price objective 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 upped their price objective on Ameriprise Financial from $470.00 to $480.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, The Goldman Sachs Group upped their price objective on Ameriprise Financial from $437.00 to $488.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Ameriprise Financial currently has an average rating of “Hold” and an average price target of $449.57.

Insider Buying and Selling at Ameriprise Financial

In other news, CEO James M. Cracchiolo sold 2,493 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $401.11, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Robert Francis Sharpe, Jr. sold 4,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $386.60, for a total transaction of $1,546,400.00. Following the completion of the sale, the director now directly owns 12,500 shares in the company, valued at approximately $4,832,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James M. Cracchiolo sold 2,493 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $401.11, for a total value of $999,967.23. Following the sale, the chief executive officer now owns 196,598 shares of the company’s stock, valued at $78,857,423.78. The disclosure for this sale can be found here. Insiders have sold 79,472 shares of company stock valued at $31,779,805 in the last quarter. 0.73% of the stock is owned by insiders.

Ameriprise Financial Company 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.