Keeley Teton Advisors LLC Reduces Position in Ameriprise Financial, Inc. (NYSE:AMP)

Keeley Teton Advisors LLC trimmed its holdings in Ameriprise Financial, Inc. (NYSE:AMP) by 2.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,867 shares of the financial services provider’s stock after selling 106 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Ameriprise Financial were worth $1,695,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in AMP. Signaturefd LLC boosted its position in shares of Ameriprise Financial by 1.1% during the 1st quarter. Signaturefd LLC now owns 2,296 shares of the financial services provider’s stock valued at $1,007,000 after acquiring an additional 26 shares during the last quarter. Aua Capital Management LLC boosted its holdings in Ameriprise Financial by 4.7% in the 1st quarter. Aua Capital Management LLC now owns 604 shares of the financial services provider’s stock valued at $265,000 after purchasing an additional 27 shares during the last quarter. Gratus Wealth Advisors LLC boosted its holdings in Ameriprise Financial by 1.5% in the 1st quarter. Gratus Wealth Advisors LLC now owns 1,887 shares of the financial services provider’s stock valued at $779,000 after purchasing an additional 27 shares during the last quarter. Resonant Capital Advisors LLC grew its stake in shares of Ameriprise Financial by 4.7% in the 1st quarter. Resonant Capital Advisors LLC now owns 619 shares of the financial services provider’s stock valued at $271,000 after buying an additional 28 shares during the period. Finally, PDS Planning Inc increased its holdings in shares of Ameriprise Financial by 3.7% during the 1st quarter. PDS Planning Inc now owns 775 shares of the financial services provider’s stock worth $340,000 after buying an additional 28 shares during the last quarter. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Robert Francis Sharpe, Jr. sold 1,500 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $438.07, for a total value of $657,105.00. Following the completion of the sale, the director now directly owns 11,000 shares of the company’s stock, valued at $4,818,770. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.73% of the stock is currently owned by company insiders.

Ameriprise Financial Stock Down 0.5 %

Shares of AMP stock traded down $2.13 during trading on Friday, reaching $439.54. The company’s stock had a trading volume of 530,900 shares, compared to its average volume of 554,406. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.59 and a quick ratio of 0.56. Ameriprise Financial, Inc. has a 1-year low of $306.63 and a 1-year high of $449.94. The company has a market capitalization of $43.66 billion, a price-to-earnings ratio of 14.96, a P/E/G ratio of 0.70 and a beta of 1.37. The stock’s 50-day moving average price is $431.95 and its 200 day moving average price is $417.66.

Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $8.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.53 by $0.19. Ameriprise Financial had a return on equity of 73.83% and a net margin of 18.64%. The business had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.24 billion. During the same quarter last year, the business posted $7.44 EPS. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, research analysts anticipate that Ameriprise Financial, Inc. will post 34.9 EPS for the current year.

Ameriprise Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Monday, August 5th will be given a $1.48 dividend. The ex-dividend date of this dividend is Monday, August 5th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.35%. Ameriprise Financial’s dividend payout ratio (DPR) is presently 20.15%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AMP. Piper Sandler lowered their price objective on Ameriprise Financial from $390.00 to $387.00 and set an “underweight” rating for the company in a research report on Friday, June 28th. Jefferies Financial Group increased their price target on Ameriprise Financial from $500.00 to $504.00 and gave the stock a “buy” rating in a report on Friday, June 28th. Argus boosted their price objective on shares of Ameriprise Financial from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, May 6th. UBS Group lowered their target price on shares of Ameriprise Financial from $500.00 to $495.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Ameriprise Financial from $460.00 to $470.00 and gave the company a “market perform” rating in a research note on Monday, July 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $462.89.

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.