749 Shares in Ameriprise Financial, Inc. (NYSE:AMP) Acquired by N.E.W. Advisory Services LLC

N.E.W. Advisory Services LLC bought a new stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 749 shares of the financial services provider’s stock, valued at approximately $399,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Oakworth Capital Inc. acquired a new stake in shares of Ameriprise Financial in the 3rd quarter worth approximately $31,000. Country Trust Bank lifted its holdings in shares of Ameriprise Financial by 213.6% in the third quarter. Country Trust Bank now owns 69 shares of the financial services provider’s stock valued at $32,000 after buying an additional 47 shares during the period. Sound Income Strategies LLC bought a new position in Ameriprise Financial during the fourth quarter valued at about $36,000. Peterson Financial Group Inc. acquired a new position in Ameriprise Financial during the third quarter worth about $45,000. Finally, Albion Financial Group UT bought a new stake in Ameriprise Financial in the fourth quarter worth about $46,000. Institutional investors own 83.95% of the company’s stock.

Ameriprise Financial Stock Down 0.9 %

Ameriprise Financial stock opened at $542.83 on Friday. Ameriprise Financial, Inc. has a twelve month low of $378.05 and a twelve month high of $582.05. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market cap of $52.66 billion, a PE ratio of 16.42, a P/E/G ratio of 0.87 and a beta of 1.36. The firm’s 50 day moving average price is $548.14 and its two-hundred day moving average price is $496.86.

Ameriprise Financial (NYSE:AMP) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $9.36 earnings per share for the quarter, topping analysts’ consensus estimates of $9.16 by $0.20. Ameriprise Financial had a net margin of 19.70% and a return on equity of 69.46%. On average, research analysts predict that Ameriprise Financial, Inc. will post 39.04 EPS for the current fiscal year.

Ameriprise Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 10th will be paid a $1.48 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $5.92 annualized dividend and a dividend yield of 1.09%. Ameriprise Financial’s payout ratio is 17.91%.

Insider Buying and Selling

In other news, insider Joseph Edward Sweeney sold 10,735 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $549.68, for a total transaction of $5,900,814.80. Following the transaction, the insider now owns 5,811 shares in the company, valued at $3,194,190.48. This represents a 64.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Walter Stanley Berman sold 8,655 shares of Ameriprise Financial stock in a transaction on Monday, November 11th. The shares were sold at an average price of $564.16, for a total transaction of $4,882,804.80. Following the completion of the sale, the chief financial officer now directly owns 6,409 shares of the company’s stock, valued at approximately $3,615,701.44. The trade was a 57.45 % decrease in their position. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AMP shares. UBS Group downgraded shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $580.00 to $570.00 in a report on Monday, January 6th. Piper Sandler boosted their target price on Ameriprise Financial from $415.00 to $442.00 and gave the stock an “underweight” rating in a research report on Friday. Keefe, Bruyette & Woods decreased their price target on Ameriprise Financial from $565.00 to $560.00 and set a “market perform” rating for the company in a research report on Friday, January 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $625.00 price objective on shares of Ameriprise Financial in a research note on Monday, January 27th. Finally, Morgan Stanley lifted their target price on shares of Ameriprise Financial from $440.00 to $502.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $509.33.

Ameriprise Financial Company 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.