Capitolis Liquid Global Markets LLC Acquires Shares of 28,000 Ameriprise Financial, Inc. $AMP

Capitolis Liquid Global Markets LLC bought a new stake in Ameriprise Financial, Inc. (NYSE:AMP) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 28,000 shares of the financial services provider’s stock, valued at approximately $13,755,000.

Several other large investors have also made changes to their positions in AMP. Winnow Wealth LLC acquired a new stake in shares of Ameriprise Financial during the 2nd quarter worth about $32,000. Heartwood Wealth Advisors LLC acquired a new position in Ameriprise Financial in the third quarter valued at about $32,000. Redmont Wealth Advisors LLC acquired a new position in Ameriprise Financial in the third quarter valued at about $32,000. WFA of San Diego LLC bought a new stake in Ameriprise Financial during the second quarter worth about $36,000. Finally, Salomon & Ludwin LLC grew its stake in Ameriprise Financial by 76.8% during the third quarter. Salomon & Ludwin LLC now owns 99 shares of the financial services provider’s stock worth $49,000 after buying an additional 43 shares during the last quarter. Institutional investors own 83.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Ameriprise Financial in a research note on Monday, December 29th. Piper Sandler upgraded Ameriprise Financial from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $434.00 to $530.00 in a research report on Friday, January 30th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Ameriprise Financial in a report on Tuesday, March 3rd. Raymond James Financial set a $582.00 price objective on Ameriprise Financial and gave the company a “strong-buy” rating in a research report on Wednesday, February 11th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $605.00 target price (up from $580.00) on shares of Ameriprise Financial in a report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Ameriprise Financial presently has an average rating of “Hold” and an average target price of $555.67.

Ameriprise Financial Price Performance

Shares of AMP stock opened at $442.03 on Friday. Ameriprise Financial, Inc. has a 1 year low of $396.14 and a 1 year high of $550.18. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.86. The firm’s 50 day moving average is $491.57 and its 200-day moving average is $484.96. The firm has a market capitalization of $40.30 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 1.03 and a beta of 1.27.

Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings results on Thursday, January 29th. The financial services provider reported $10.83 earnings per share for the quarter, beating analysts’ consensus estimates of $10.33 by $0.50. Ameriprise Financial had a net margin of 19.28% and a return on equity of 63.04%. The business had revenue of $4.92 billion during the quarter, compared to analyst estimates of $4.75 billion. During the same quarter last year, the business posted $9.54 earnings per share. Ameriprise Financial’s revenue for the quarter was up 10.2% compared to the same quarter last year. Sell-side analysts forecast that Ameriprise Financial, Inc. will post 38.64 EPS for the current fiscal year.

Ameriprise Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 9th were paid a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, February 9th. Ameriprise Financial’s dividend payout ratio (DPR) is 17.60%.

Insider Activity

In other news, CFO Walter Stanley Berman sold 7,000 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $544.22, for a total transaction of $3,809,540.00. Following the completion of the sale, the chief financial officer owned 5,609 shares in the company, valued at $3,052,529.98. The trade was a 55.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William F. Truscott sold 5,000 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $532.08, for a total value of $2,660,400.00. Following the transaction, the chief executive officer directly owned 12,149 shares in the company, valued at $6,464,239.92. This trade represents a 29.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 16,658 shares of company stock valued at $8,998,675. Company insiders own 0.73% of the company’s stock.

Ameriprise Financial Profile

Ameriprise Financial, Inc is a diversified financial services company headquartered in Minneapolis, Minnesota. The firm provides a range of advice-based wealth management, asset management and insurance products to individual and institutional clients. Its business model centers on delivering financial planning and investment advice through a network of financial advisors alongside proprietary product offerings designed to meet retirement, protection and accumulation needs.

Core products and services include comprehensive financial planning and advisory services, managed investment portfolios, retirement planning solutions, annuities and life insurance products.