Ameriprise Financial, Inc. (NYSE:AMP) Shares Acquired by Greenleaf Trust

Greenleaf Trust increased its stake in Ameriprise Financial, Inc. (NYSE:AMP) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,858 shares of the financial services provider’s stock after buying an additional 98 shares during the quarter. Greenleaf Trust’s holdings in Ameriprise Financial were worth $1,845,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of AMP. Moneta Group Investment Advisors LLC grew its stake in shares of Ameriprise Financial by 106,308.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,587,613 shares of the financial services provider’s stock valued at $494,335,000 after buying an additional 1,586,121 shares in the last quarter. Norges Bank acquired a new stake in shares of Ameriprise Financial in the fourth quarter valued at about $389,527,000. Nuveen Asset Management LLC grew its stake in Ameriprise Financial by 29.7% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,673,748 shares of the financial services provider’s stock valued at $555,952,000 after purchasing an additional 382,811 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Ameriprise Financial by 123.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 498,824 shares of the financial services provider’s stock valued at $155,318,000 after purchasing an additional 275,720 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Ameriprise Financial by 33.5% during the 1st quarter. Invesco Ltd. now owns 1,078,807 shares of the financial services provider’s stock valued at $324,031,000 after purchasing an additional 270,755 shares in the last quarter. Institutional investors and hedge funds own 83.95% of the company’s stock.

Ameriprise Financial Trading Up 1.1 %

NYSE:AMP opened at $417.01 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.17. The business’s 50 day moving average is $416.89 and its two-hundred day moving average is $378.06. Ameriprise Financial, Inc. has a 52 week low of $279.85 and a 52 week high of $440.67. The company has a market cap of $41.78 billion, a PE ratio of 17.59, a P/E/G ratio of 0.68 and a beta of 1.36.

Ameriprise Financial (NYSE:AMP) last released its earnings results on Thursday, January 25th. The financial services provider reported $7.75 EPS 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 company had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter last year, the business posted $6.94 EPS. Ameriprise Financial’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, analysts predict that Ameriprise Financial, Inc. will post 34.43 EPS for the current year.

Ameriprise Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Friday, February 9th were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend was Thursday, February 8th. Ameriprise Financial’s dividend payout ratio (DPR) is 22.78%.

Analyst Upgrades and Downgrades

AMP has been the subject of a number of recent analyst reports. Royal Bank of Canada raised their price objective on Ameriprise Financial from $410.00 to $420.00 and gave the company an “outperform” rating in a research note on Monday, January 22nd. Piper Sandler raised their price objective on Ameriprise Financial from $360.00 to $392.00 and gave the company an “underweight” rating in a research note on Friday, April 5th. UBS Group raised their price objective on Ameriprise Financial from $440.00 to $445.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Keefe, Bruyette & Woods raised their price objective on Ameriprise Financial from $420.00 to $460.00 and gave the company a “market perform” rating in a research note on Wednesday, April 10th. Finally, Evercore ISI raised their price objective on Ameriprise Financial from $400.00 to $445.00 and gave the company an “in-line” rating in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $441.00.

Insider Buying and Selling

In related news, SVP Dawn M. Brockman sold 224 shares of the firm’s stock in a transaction that occurred 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 approximately $559,159.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Ameriprise Financial news, EVP Gerard P. Smyth sold 4,440 shares of Ameriprise Financial stock in a transaction on Monday, February 26th. The stock was sold at an average price of $407.92, for a total transaction of $1,811,164.80. Following the sale, the executive vice president now owns 3,787 shares of the company’s stock, valued at approximately $1,544,793.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Dawn M. Brockman sold 224 shares of Ameriprise Financial stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $434.13, for a total value of $97,245.12. Following the sale, the senior vice president now directly owns 1,288 shares in the company, valued at approximately $559,159.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 89,161 shares of company stock valued at $35,560,647. Insiders own 0.73% of the company’s stock.

Ameriprise Financial Company Profile

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.