Fidelis Capital Partners LLC Has $249,000 Stake in Ameriprise Financial, Inc. (NYSE:AMP)

Fidelis Capital Partners LLC lifted its position in Ameriprise Financial, Inc. (NYSE:AMP) by 5.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 656 shares of the financial services provider’s stock after purchasing an additional 32 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Ameriprise Financial were worth $249,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Signaturefd LLC raised its stake in shares of Ameriprise Financial by 1.4% in the third quarter. Signaturefd LLC now owns 2,238 shares of the financial services provider’s stock valued at $738,000 after purchasing an additional 31 shares in the last quarter. Meeder Advisory Services Inc. raised 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 worth $1,128,000 after acquiring an additional 31 shares in the last quarter. Stratos Wealth Partners LTD. raised 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 worth $827,000 after acquiring an additional 33 shares in the last quarter. CI Investments Inc. raised 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 worth $440,000 after acquiring an additional 34 shares in the last quarter. Finally, Gateway Advisory LLC raised its stake in Ameriprise Financial by 1.7% during the third quarter. Gateway Advisory LLC now owns 2,081 shares of the financial services provider’s stock worth $686,000 after acquiring an additional 34 shares in the last quarter. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ameriprise Financial

In other news, CEO William F. Truscott sold 9,689 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $390.22, for a total transaction of $3,780,841.58. Following the sale, the chief executive officer now owns 12,126 shares of the company’s stock, valued at $4,731,807.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO William F. Truscott sold 9,689 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $390.22, for a total transaction of $3,780,841.58. Following the sale, the chief executive officer now owns 12,126 shares of the company’s stock, valued at $4,731,807.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Gumer Alvero sold 1,652 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $437.00, for a total value of $721,924.00. Following the sale, the insider now directly owns 6,994 shares in the company, valued at approximately $3,056,378. The disclosure for this sale can be found here. Insiders have sold a total of 89,161 shares of company stock valued at $35,560,647 over the last 90 days. 0.73% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on AMP. UBS Group increased their target price on Ameriprise Financial from $440.00 to $445.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Morgan Stanley raised their price target on Ameriprise Financial from $400.00 to $437.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Keefe, Bruyette & Woods raised their price target on Ameriprise Financial from $420.00 to $460.00 and gave the company a “market perform” rating in a report on Wednesday, April 10th. 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 report on Monday, January 22nd. Finally, Raymond James initiated coverage on Ameriprise Financial in a report on Thursday, March 21st. They issued a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $441.00.

Ameriprise Financial Price Performance

Shares of AMP opened at $417.01 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.17. Ameriprise Financial, Inc. has a 1 year low of $279.85 and a 1 year high of $440.67. The stock has a market cap of $41.78 billion, a P/E ratio of 17.59, a price-to-earnings-growth ratio of 0.68 and a beta of 1.36. The stock’s 50-day moving average price is $416.89 and its two-hundred day moving average price is $378.06.

Ameriprise Financial (NYSE:AMP) last issued its earnings results on Thursday, January 25th. The financial services provider reported $7.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.67 by $0.08. The firm had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $3.90 billion. Ameriprise Financial had a return on equity of 77.39% and a net margin of 16.27%. The company’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business earned $6.94 earnings per share. On average, equities analysts predict that Ameriprise Financial, Inc. will post 34.43 earnings per share for the current year.

Ameriprise Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Friday, February 9th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend was Thursday, February 8th. Ameriprise Financial’s dividend payout ratio is currently 22.78%.

Ameriprise Financial 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.