Aptus Capital Advisors LLC Purchases Shares of 753 Ameriprise Financial, Inc. (NYSE:AMP)

Aptus Capital Advisors LLC acquired a new position in shares of Ameriprise Financial, Inc. (NYSE:AMPFree Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 753 shares of the financial services provider’s stock, valued at approximately $248,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Signaturefd LLC increased its position in Ameriprise Financial by 1.4% during the third quarter. Signaturefd LLC now owns 2,238 shares of the financial services provider’s stock worth $738,000 after buying an additional 31 shares during the last quarter. Motco increased its position in Ameriprise Financial by 15.6% during the second quarter. Motco now owns 237 shares of the financial services provider’s stock worth $79,000 after buying an additional 32 shares during the last quarter. Apollon Wealth Management LLC increased its position in Ameriprise Financial by 0.9% during the second quarter. Apollon Wealth Management LLC now owns 3,872 shares of the financial services provider’s stock worth $1,286,000 after buying an additional 33 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its position in Ameriprise Financial by 1.0% during the second quarter. B. Riley Wealth Advisors Inc. now owns 3,640 shares of the financial services provider’s stock worth $1,209,000 after buying an additional 37 shares during the last quarter. Finally, Great Lakes Retirement Inc. increased its position in Ameriprise Financial by 0.6% during the second quarter. Great Lakes Retirement Inc. now owns 6,218 shares of the financial services provider’s stock worth $2,065,000 after buying an additional 38 shares during the last quarter. 82.62% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Morgan Stanley increased their target price on shares of Ameriprise Financial from $394.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Keefe, Bruyette & Woods increased their target price on shares of Ameriprise Financial from $400.00 to $420.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 30th. UBS Group raised their price target on Ameriprise Financial from $440.00 to $445.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Royal Bank of Canada raised their price target on Ameriprise Financial from $410.00 to $420.00 and gave the company an “outperform” rating in a research report on Monday, January 22nd. Finally, StockNews.com downgraded Ameriprise Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th. Four investment analysts have rated the stock with 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 a consensus target price of $422.83.

View Our Latest Stock Report on Ameriprise Financial

Ameriprise Financial Stock Up 0.5 %

AMP stock opened at $396.94 on Monday. Ameriprise Financial, Inc. has a twelve month low of $275.09 and a twelve month high of $402.64. The company has a market cap of $40.17 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 0.74 and a beta of 1.36. The business’s 50-day simple moving average is $378.81 and its 200 day simple moving average is $351.14. The company has a quick ratio of 0.57, a current ratio of 0.56 and a debt-to-equity ratio of 1.17.

Ameriprise Financial (NYSE:AMPGet Free Report) last released its earnings results on Thursday, January 25th. The financial services provider reported $7.75 earnings per share for the quarter, topping analysts’ consensus estimates of $7.67 by $0.08. Ameriprise Financial had a return on equity of 77.39% and a net margin of 16.27%. The business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same period last year, the business earned $6.94 earnings per share. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, research analysts anticipate that Ameriprise Financial, Inc. will post 34.05 earnings per share for the current year.

Ameriprise Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Friday, February 9th will be given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Thursday, February 8th. Ameriprise Financial’s dividend payout ratio (DPR) is presently 22.78%.

Insider Buying and Selling

In other Ameriprise Financial news, CFO Walter Stanley Berman sold 13,346 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $387.81, for a total transaction of $5,175,712.26. Following the completion of the transaction, the chief financial officer now owns 6,409 shares in the company, valued at $2,485,474.29. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Ameriprise Financial news, insider Joseph Edward Sweeney sold 5,146 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $389.47, for a total transaction of $2,004,212.62. Following the completion of the transaction, the insider now owns 9,421 shares in the company, valued at $3,669,196.87. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Walter Stanley Berman sold 13,346 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $387.81, for a total transaction of $5,175,712.26. Following the transaction, the chief financial officer now owns 6,409 shares of the company’s stock, valued at approximately $2,485,474.29. The disclosure for this sale can be found here. Insiders have sold a total of 48,538 shares of company stock valued at $18,523,263 over the last three months. 0.73% of the stock is owned by corporate insiders.

Ameriprise Financial Company Profile

(Free Report)

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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