Blair William & Co. IL Sells 219 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Blair William & Co. IL reduced its stake in Ameriprise Financial, Inc. (NYSE:AMP) by 1.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,956 shares of the financial services provider’s stock after selling 219 shares during the period. Blair William & Co. IL’s holdings in Ameriprise Financial were worth $6,557,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Retirement Group LLC bought a new stake in shares of Ameriprise Financial in the 1st quarter valued at approximately $25,000. Redmont Wealth Advisors LLC bought a new stake in shares of Ameriprise Financial in the 1st quarter valued at approximately $28,000. Annapolis Financial Services LLC grew its stake in shares of Ameriprise Financial by 928.6% in 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 period. Sound Income Strategies LLC bought a new stake in shares of Ameriprise Financial in the 1st quarter valued at approximately $32,000. Finally, Benjamin Edwards Inc. bought a new stake in shares of Ameriprise Financial in the 1st quarter valued at approximately $34,000. 83.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AMP has been the topic of several recent analyst reports. Raymond James initiated coverage on Ameriprise Financial in a report on Thursday, March 21st. They issued a “market perform” rating on the stock. Argus boosted their target price on Ameriprise Financial from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Piper Sandler reduced their target price on Ameriprise Financial from $390.00 to $387.00 and set an “underweight” rating on the stock in a report on Friday, June 28th. Royal Bank of Canada boosted their target price on Ameriprise Financial from $470.00 to $480.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Finally, UBS Group reduced their target price on Ameriprise Financial from $500.00 to $495.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $462.89.

Ameriprise Financial Trading Down 1.7 %

NYSE:AMP traded down $7.10 during trading hours on Friday, hitting $410.89. 593,770 shares of the stock were exchanged, compared to its average volume of 483,848. The company’s 50 day moving average is $433.01 and its two-hundred day moving average is $415.77. Ameriprise Financial, Inc. has a twelve month low of $306.63 and a twelve month high of $449.94. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $40.81 billion, a P/E ratio of 14.03, a price-to-earnings-growth ratio of 0.66 and a beta of 1.37.

Ameriprise Financial (NYSE:AMP) last issued its earnings results on Wednesday, April 24th. The financial services provider reported $8.39 EPS for the quarter, beating the consensus estimate of $8.10 by $0.29. The company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.15 billion. Ameriprise Financial had a net margin of 19.42% and a return on equity of 75.97%. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $7.25 EPS. On average, sell-side analysts anticipate that Ameriprise Financial, Inc. will post 34.91 earnings per share for the current fiscal year.

Ameriprise Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Monday, May 6th were given a $1.48 dividend. The ex-dividend date was Friday, May 3rd. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.44%. This is a boost from Ameriprise Financial’s previous quarterly dividend of $1.35. Ameriprise Financial’s dividend payout ratio is currently 20.15%.

Insider Activity at Ameriprise Financial

In related news, Director Robert Francis Sharpe, Jr. sold 1,500 shares of the company’s stock in a transaction on 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 owns 11,000 shares in the company, valued at approximately $4,818,770. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.73% of the stock is owned by corporate insiders.

Ameriprise Financial 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.