1,630 Shares in Ameriprise Financial, Inc. $AMP Bought by Marshall Financial Group LLC

Marshall Financial Group LLC acquired a new position in shares of Ameriprise Financial, Inc. (NYSE:AMP) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,630 shares of the financial services provider’s stock, valued at approximately $799,000.

A number of other institutional investors also recently bought and sold shares of the business. Holos Integrated Wealth LLC acquired a new stake in shares of Ameriprise Financial during the fourth quarter worth about $30,000. Heartwood Wealth Advisors LLC purchased a new position in shares of Ameriprise Financial during the third quarter worth about $32,000. Redmont Wealth Advisors LLC acquired a new position in Ameriprise Financial in the 3rd quarter valued at about $32,000. WFA of San Diego LLC acquired a new position in Ameriprise Financial in the 2nd quarter valued at about $36,000. Finally, Salomon & Ludwin LLC raised its stake in Ameriprise Financial by 76.8% during the 3rd quarter. Salomon & Ludwin LLC now owns 99 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 43 shares during the last quarter. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on AMP. Weiss Ratings reiterated a “buy (b-)” rating on shares of Ameriprise Financial in a research note on Monday, December 29th. Jefferies Financial Group upped their price target on Ameriprise Financial from $600.00 to $620.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $605.00 price target (up from $580.00) on shares of Ameriprise Financial in a report on Monday, February 2nd. Piper Sandler upgraded shares of Ameriprise Financial from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $434.00 to $530.00 in a research report on Friday, January 30th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Ameriprise Financial in a research note on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $555.67.

Ameriprise Financial Price Performance

Shares of AMP opened at $441.92 on Tuesday. 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 stock’s 50 day moving average is $483.26 and its two-hundred day moving average is $481.50. Ameriprise Financial, Inc. has a twelve month low of $396.14 and a twelve month high of $550.18. The firm has a market capitalization of $40.29 billion, a PE ratio of 12.15, a P/E/G ratio of 1.02 and a beta of 1.27.

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, beating the consensus estimate of $10.33 by $0.50. Ameriprise Financial had a return on equity of 63.04% and a net margin of 19.28%.The business had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.75 billion. During the same period last year, the firm earned $9.54 EPS. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. Research analysts anticipate that Ameriprise Financial, Inc. will post 38.64 earnings per share for the current year.

Ameriprise Financial Dividend Announcement

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

Insiders Place Their Bets

In other news, 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 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 $6,464,239.92. This represents a 29.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Walter Stanley Berman sold 7,000 shares of the stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $544.22, for a total transaction of $3,809,540.00. Following the completion of the transaction, the chief financial officer owned 5,609 shares of the company’s stock, valued at $3,052,529.98. This represents a 55.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 16,658 shares of company stock worth $8,998,675. Corporate insiders own 0.57% of the company’s stock.

About Ameriprise Financial

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.