Ameriprise Financial, Inc. $AMP Position Increased by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC boosted its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 79.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,566 shares of the financial services provider’s stock after purchasing an additional 1,138 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in Ameriprise Financial were worth $1,261,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Winnow Wealth LLC bought a new stake in Ameriprise Financial in the second quarter valued at $32,000. Heartwood Wealth Advisors LLC bought a new position in shares of Ameriprise Financial during the third quarter worth about $32,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Ameriprise Financial in the 3rd quarter worth about $32,000. WFA of San Diego LLC acquired a new stake in shares of Ameriprise Financial in the 2nd quarter worth about $36,000. Finally, Salomon & Ludwin LLC lifted its position in Ameriprise Financial by 76.8% in the 3rd quarter. Salomon & Ludwin LLC now owns 99 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 43 shares during the last quarter. 83.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Ameriprise Financial

In other news, CEO William F. Truscott sold 5,000 shares of the company’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $532.08, for a total value of $2,660,400.00. Following the completion of the sale, the chief executive officer owned 12,149 shares in the company, valued at $6,464,239.92. This represents a 29.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Gumer Alvero sold 4,658 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $542.88, for a total value of $2,528,735.04. Following the transaction, the insider directly owned 4,621 shares of the company’s stock, valued at $2,508,648.48. This represents a 50.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 16,658 shares of company stock valued at $8,998,675. 0.73% of the stock is owned by corporate insiders.

Ameriprise Financial Stock Down 2.5%

Ameriprise Financial stock opened at $439.51 on Friday. Ameriprise Financial, Inc. has a 52 week low of $396.14 and a 52 week high of $550.18. The stock has a market cap of $40.07 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 1.05 and a beta of 1.27. The company’s 50-day moving average price is $492.60 and its two-hundred day moving average price is $485.65. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.86.

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

Ameriprise Financial Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Royal Bank Of Canada reissued an “outperform” rating and set a $605.00 target price (up from $580.00) on shares of Ameriprise Financial in a research note on Monday, February 2nd. Morgan Stanley raised their price target on shares of Ameriprise Financial from $484.00 to $485.00 and gave the company an “underweight” rating in a research note on Monday, December 22nd. Jefferies Financial Group lifted their price target on Ameriprise Financial from $600.00 to $620.00 and gave the company a “buy” rating in a report on Monday, February 2nd. BMO Capital Markets reissued a “market perform” rating on shares of Ameriprise Financial in a report on Tuesday, March 3rd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Ameriprise Financial in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $555.67.

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.