Ameriprise Financial, Inc. (NYSE:AMP) SVP Sells $97,245.12 in Stock

Ameriprise Financial, Inc. (NYSE:AMPGet Free Report) SVP Dawn M. Brockman sold 224 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $434.13, for a total value of $97,245.12. Following the sale, the senior vice president now owns 1,288 shares of the company’s stock, valued at $559,159.44. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Ameriprise Financial Stock Up 0.6 %

Shares of NYSE:AMP opened at $438.44 on Friday. The business’s 50 day simple moving average is $406.88 and its two-hundred day simple moving average is $368.72. The firm has a market cap of $43.93 billion, a P/E ratio of 18.49, a PEG ratio of 0.81 and a beta of 1.36. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.56 and a current ratio of 0.56. Ameriprise Financial, Inc. has a 52-week low of $279.85 and a 52-week high of $440.64.

Ameriprise Financial (NYSE:AMPGet Free Report) last announced its quarterly earnings results on Thursday, January 25th. The financial services provider reported $7.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.67 by $0.08. The business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.90 billion. Ameriprise Financial had a return on equity of 77.39% and a net margin of 16.27%. The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.94 earnings per share. As a group, research analysts forecast that Ameriprise Financial, Inc. will post 34.2 EPS for the current fiscal year.

Ameriprise Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Friday, February 9th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Thursday, February 8th. Ameriprise Financial’s dividend payout ratio (DPR) is presently 22.78%.

Hedge Funds Weigh In On Ameriprise Financial

Several hedge funds have recently made changes to their positions in AMP. Signaturefd LLC boosted its stake in Ameriprise Financial by 1.4% during the third quarter. Signaturefd LLC now owns 2,238 shares of the financial services provider’s stock valued at $738,000 after buying an additional 31 shares during the period. Meeder Advisory Services Inc. boosted its stake in Ameriprise Financial by 1.1% during the fourth quarter. Meeder Advisory Services Inc. now owns 2,969 shares of the financial services provider’s stock valued at $1,128,000 after buying an additional 31 shares during the period. Fidelis Capital Partners LLC boosted its stake in Ameriprise Financial by 5.1% during the fourth quarter. Fidelis Capital Partners LLC now owns 656 shares of the financial services provider’s stock valued at $249,000 after buying an additional 32 shares during the period. Stratos Wealth Partners LTD. boosted its stake in Ameriprise Financial by 1.5% during the fourth quarter. Stratos Wealth Partners LTD. now owns 2,176 shares of the financial services provider’s stock valued at $827,000 after buying an additional 33 shares during the period. Finally, CI Investments Inc. boosted its stake in Ameriprise Financial by 2.6% during the third quarter. CI Investments Inc. now owns 1,336 shares of the financial services provider’s stock valued at $440,000 after buying an additional 34 shares during the period. 83.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on AMP. Morgan Stanley upped their price objective on Ameriprise Financial from $394.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. The Goldman Sachs Group upped their target price on Ameriprise Financial from $437.00 to $488.00 and gave the stock a “buy” rating in a report on Wednesday. Royal Bank of Canada upped their target price on Ameriprise Financial from $410.00 to $420.00 and gave the stock an “outperform” rating in a report on Monday, January 22nd. Raymond James initiated coverage on Ameriprise Financial in a research note on Thursday, March 21st. They issued a “market perform” rating for the company. Finally, Keefe, Bruyette & Woods increased their price target on Ameriprise Financial from $400.00 to $420.00 and gave the company a “market perform” rating in a research note on Tuesday, January 30th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $428.83.

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About Ameriprise Financial

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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.

Further Reading

Insider Buying and Selling by Quarter for Ameriprise Financial (NYSE:AMP)

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