Bokf Na Sells 4,749 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Bokf Na lessened its holdings in Ameriprise Financial, Inc. (NYSE:AMP) by 28.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,231 shares of the financial services provider’s stock after selling 4,749 shares during the quarter. Bokf Na’s holdings in Ameriprise Financial were worth $5,318,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Retirement Group LLC acquired a new stake in Ameriprise Financial in the first quarter valued at about $25,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Ameriprise Financial in the 1st quarter valued at approximately $28,000. Annapolis Financial Services LLC grew its holdings in shares of Ameriprise Financial by 928.6% during the 1st quarter. Annapolis Financial Services LLC now owns 72 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 65 shares during the last quarter. Sound Income Strategies LLC bought a new stake in shares of Ameriprise Financial during the 1st quarter valued at approximately $32,000. Finally, Benjamin Edwards Inc. acquired a new position in Ameriprise Financial during the 1st quarter worth approximately $34,000. Institutional investors own 83.95% of the company’s stock.

Analyst Upgrades and Downgrades

AMP has been the topic of a number of research analyst reports. Jefferies Financial Group raised their target price on shares of Ameriprise Financial from $500.00 to $504.00 and gave the company a “buy” rating in a research report on Friday, June 28th. Keefe, Bruyette & Woods raised their price objective on Ameriprise Financial from $460.00 to $470.00 and gave the company a “market perform” rating in a report on Monday, July 8th. UBS Group lowered their target price on Ameriprise Financial from $500.00 to $495.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Royal Bank of Canada increased their target price on Ameriprise Financial from $470.00 to $480.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Finally, Evercore ISI boosted their price target on Ameriprise Financial from $400.00 to $445.00 and gave the stock an “in-line” rating in a report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $462.89.

Insider Buying and Selling at Ameriprise Financial

In other news, Director Robert Francis Sharpe, Jr. sold 1,500 shares of Ameriprise Financial stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $438.07, for a total value of $657,105.00. Following the completion of the transaction, the director now directly owns 11,000 shares of the company’s stock, valued at approximately $4,818,770. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.73% of the company’s stock.

Ameriprise Financial Trading Down 0.5 %

Shares of AMP stock traded down $2.13 on Friday, hitting $439.54. The company had a trading volume of 530,900 shares, compared to its average volume of 554,406. Ameriprise Financial, Inc. has a twelve month low of $306.63 and a twelve month high of $449.94. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.56 and a current ratio of 0.59. The firm has a market cap of $43.66 billion, a P/E ratio of 14.96, a P/E/G ratio of 0.69 and a beta of 1.37. The stock’s 50-day moving average is $431.95 and its two-hundred day moving average is $417.95.

Ameriprise Financial (NYSE:AMP) last released its earnings results on Wednesday, July 24th. The financial services provider reported $8.72 earnings per share for the quarter, beating analysts’ consensus estimates of $8.53 by $0.19. The business had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.24 billion. Ameriprise Financial had a net margin of 18.64% and a return on equity of 73.83%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $7.44 EPS. On average, equities research analysts anticipate that Ameriprise Financial, Inc. will post 34.89 earnings per share for the current fiscal year.

Ameriprise Financial Announces Dividend

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 issued a $1.48 dividend. The ex-dividend date is Monday, August 5th. This represents a $5.92 annualized dividend and a yield of 1.35%. Ameriprise Financial’s payout ratio is 20.15%.

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.