Kestra Private Wealth Services LLC Buys 178 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Kestra Private Wealth Services LLC increased its stake in shares of Ameriprise Financial, Inc. (NYSE:AMPGet Rating) by 6.0% during the 1st quarter, Holdings Channel reports. The fund owned 3,152 shares of the financial services provider’s stock after acquiring an additional 178 shares during the period. Kestra Private Wealth Services LLC’s holdings in Ameriprise Financial were worth $947,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. CAPROCK Group Inc. boosted its stake in Ameriprise Financial by 2.6% during the first quarter. CAPROCK Group Inc. now owns 1,400 shares of the financial services provider’s stock worth $421,000 after acquiring an additional 35 shares in the last quarter. Peoples Financial Services CORP. lifted its stake in shares of Ameriprise Financial by 4.7% in the first quarter. Peoples Financial Services CORP. now owns 895 shares of the financial services provider’s stock valued at $269,000 after buying an additional 40 shares in the last quarter. National Asset Management Inc. lifted its stake in shares of Ameriprise Financial by 1.9% in the first quarter. National Asset Management Inc. now owns 2,276 shares of the financial services provider’s stock valued at $685,000 after buying an additional 42 shares in the last quarter. Buckingham Strategic Wealth LLC lifted its stake in shares of Ameriprise Financial by 1.8% in the first quarter. Buckingham Strategic Wealth LLC now owns 2,529 shares of the financial services provider’s stock valued at $760,000 after buying an additional 44 shares in the last quarter. Finally, Synovus Financial Corp lifted its stake in shares of Ameriprise Financial by 2.5% in the fourth quarter. Synovus Financial Corp now owns 1,905 shares of the financial services provider’s stock valued at $572,000 after buying an additional 46 shares in the last quarter. 82.92% of the stock is owned by institutional investors.

Ameriprise Financial Price Performance

AMP opened at $272.26 on Friday. The company has a market capitalization of $29.45 billion, a price-to-earnings ratio of 9.80, a PEG ratio of 0.84 and a beta of 1.48. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.14. The firm has a 50-day moving average price of $266.20 and a 200-day moving average price of $269.92. Ameriprise Financial, Inc. has a twelve month low of $219.99 and a twelve month high of $332.37.

Ameriprise Financial (NYSE:AMPGet Rating) last posted its earnings results on Tuesday, July 26th. The financial services provider reported $5.81 earnings per share for the quarter, missing the consensus estimate of $5.82 by ($0.01). Ameriprise Financial had a return on equity of 53.86% and a net margin of 23.49%. During the same quarter in the previous year, the company posted $5.27 earnings per share. Equities analysts expect that Ameriprise Financial, Inc. will post 23.97 EPS for the current year.

Ameriprise Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 19th. Stockholders of record on Monday, August 8th were paid a $1.25 dividend. The ex-dividend date of this dividend was Friday, August 5th. This represents a $5.00 annualized dividend and a dividend yield of 1.84%. Ameriprise Financial’s payout ratio is 18.01%.

Insider Transactions at Ameriprise Financial

In other news, Director Robert Francis Sharpe, Jr. sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $277.01, for a total value of $277,010.00. Following the completion of the transaction, the director now directly owns 16,500 shares in the company, valued at $4,570,665. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

AMP has been the topic of a number of recent research reports. Bank of America initiated coverage on shares of Ameriprise Financial in a research note on Wednesday, September 7th. They issued a “buy” rating and a $336.00 price objective on the stock. Piper Sandler dropped their price objective on shares of Ameriprise Financial from $231.00 to $220.00 and set an “underweight” rating on the stock in a research note on Friday, July 15th. The Goldman Sachs Group lowered shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and dropped their price target for the company from $325.00 to $270.00 in a research report on Friday, June 24th. Morgan Stanley raised their price target on shares of Ameriprise Financial from $270.00 to $295.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 17th. Finally, Evercore ISI dropped their price target on shares of Ameriprise Financial from $364.00 to $320.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $316.70.

Ameriprise Financial Company Profile

(Get Rating)

Ameriprise Financial, Inc, through 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.

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Institutional Ownership by Quarter for Ameriprise Financial (NYSE:AMP)

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