J. W. Coons Advisors LLC Sells 30 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

J. W. Coons Advisors LLC decreased its position in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,609 shares of the financial services provider’s stock after selling 30 shares during the period. J. W. Coons Advisors LLC’s holdings in Ameriprise Financial were worth $857,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Asset Advisors Investment Management LLC increased its position in shares of Ameriprise Financial by 1.3% in the fourth quarter. Asset Advisors Investment Management LLC now owns 23,672 shares of the financial services provider’s stock worth $12,604,000 after purchasing an additional 295 shares during the period. Birchcreek Wealth Management LLC increased its position in shares of Ameriprise Financial by 19.1% in the fourth quarter. Birchcreek Wealth Management LLC now owns 641 shares of the financial services provider’s stock worth $341,000 after purchasing an additional 103 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of Ameriprise Financial in the fourth quarter worth $1,842,000. MONECO Advisors LLC increased its position in shares of Ameriprise Financial by 27.8% in the fourth quarter. MONECO Advisors LLC now owns 786 shares of the financial services provider’s stock worth $419,000 after purchasing an additional 171 shares during the period. Finally, Howard Capital Management Inc. increased its position in shares of Ameriprise Financial by 3.4% in the fourth quarter. Howard Capital Management Inc. now owns 660 shares of the financial services provider’s stock worth $351,000 after purchasing an additional 22 shares during the period. Institutional investors own 83.95% of the company’s stock.

Insider Buying and Selling

In related news, insider Joseph Edward Sweeney sold 4,636 shares of Ameriprise Financial stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $539.07, for a total value of $2,499,128.52. Following the transaction, the insider now directly owns 7,237 shares of the company’s stock, valued at $3,901,249.59. The trade was a 39.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Francis Sharpe, Jr. sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $523.12, for a total value of $523,120.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $5,231,200. This trade represents a 9.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,636 shares of company stock valued at $6,263,989 over the last ninety days. 0.73% of the stock is owned by company insiders.

Ameriprise Financial Stock Performance

Shares of AMP stock opened at $530.18 on Monday. The business’s 50-day moving average price is $540.50 and its 200-day moving average price is $511.27. Ameriprise Financial, Inc. has a 12 month low of $385.74 and a 12 month high of $582.05. The firm has a market capitalization of $51.43 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 1.17 and a beta of 1.36. The company has a current ratio of 0.59, a quick ratio of 0.65 and a debt-to-equity ratio of 1.01.

Ameriprise Financial (NYSE:AMP) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $9.36 EPS for the quarter, topping analysts’ consensus estimates of $9.16 by $0.20. Ameriprise Financial had a return on equity of 69.35% and a net margin of 19.70%. Equities research analysts forecast that Ameriprise Financial, Inc. will post 38.64 EPS for the current year.

Ameriprise Financial Announces Dividend

The business also recently disclosed 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. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Monday, February 10th. Ameriprise Financial’s dividend payout ratio is currently 17.91%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AMP. UBS Group cut Ameriprise Financial from a “buy” rating to a “neutral” rating and decreased their target price for the company from $580.00 to $570.00 in a research report on Monday, January 6th. Piper Sandler lifted their target price on Ameriprise Financial from $415.00 to $442.00 and gave the company an “underweight” rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods lifted their target price on Ameriprise Financial from $560.00 to $570.00 and gave the company a “market perform” rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $625.00 target price on shares of Ameriprise Financial in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $510.44.

About Ameriprise Financial

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.