Neville Rodie & Shaw Inc. Sells 1,502 Shares of Ameriprise Financial, Inc. $AMP

Neville Rodie & Shaw Inc. cut its holdings in Ameriprise Financial, Inc. (NYSE:AMP) by 57.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,106 shares of the financial services provider’s stock after selling 1,502 shares during the quarter. Neville Rodie & Shaw Inc.’s holdings in Ameriprise Financial were worth $542,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Holos Integrated Wealth LLC bought a new position in Ameriprise Financial in the fourth quarter valued at $30,000. Winnow Wealth LLC acquired a new stake in Ameriprise Financial in the 2nd quarter valued at $32,000. Heartwood Wealth Advisors LLC bought a new stake in Ameriprise Financial during the 3rd quarter worth about $32,000. Redmont Wealth Advisors LLC bought a new stake in Ameriprise Financial during the 3rd quarter worth about $32,000. Finally, WFA of San Diego LLC acquired a new position in shares of Ameriprise Financial during the 2nd quarter worth about $36,000. Institutional investors own 83.95% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on AMP shares. Raymond James Financial set a $582.00 target price on Ameriprise Financial and gave the company a “strong-buy” rating in a research report on Wednesday, February 11th. Jefferies Financial Group increased their price target on Ameriprise Financial from $600.00 to $620.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Weiss Ratings restated a “buy (b-)” rating on shares of Ameriprise Financial in a research note on Monday, December 29th. Morgan Stanley boosted their price target on Ameriprise Financial from $484.00 to $485.00 and gave the stock an “underweight” rating in a research report on Monday, December 22nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $605.00 price objective (up from $580.00) on shares of Ameriprise Financial in a research note on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Ameriprise Financial has a consensus rating of “Hold” and an average target price of $555.67.

Insider Transactions at Ameriprise Financial

In related news, CEO William F. Truscott sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $532.08, for a total transaction of $2,660,400.00. Following the transaction, the chief executive officer directly owned 12,149 shares of the company’s stock, valued at approximately $6,464,239.92. The trade was a 29.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Walter Stanley Berman sold 7,000 shares of the stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $544.22, for a total value of $3,809,540.00. Following the completion of the sale, the chief financial officer owned 5,609 shares in the company, valued at approximately $3,052,529.98. This trade represents a 55.52% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 16,658 shares of company stock worth $8,998,675. 0.73% of the stock is owned by company insiders.

Ameriprise Financial Stock Up 0.3%

Shares of AMP stock opened at $433.90 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.68 and a current ratio of 0.68. The firm’s 50-day moving average is $486.03 and its 200-day moving average is $482.92. The stock has a market cap of $39.56 billion, a price-to-earnings ratio of 11.93, a PEG ratio of 1.01 and a beta of 1.27. Ameriprise Financial, Inc. has a 52-week low of $396.14 and a 52-week high of $550.18.

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

Ameriprise Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 9th were given a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, February 9th. Ameriprise Financial’s dividend payout ratio (DPR) is presently 17.60%.

Ameriprise Financial Company 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.