Ameriprise Financial, Inc. (NYSE:AMP) Shares Acquired by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. lifted its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 18.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 991 shares of the financial services provider’s stock after purchasing an additional 152 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Ameriprise Financial were worth $376,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Signaturefd LLC lifted its position in shares of 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 purchasing an additional 31 shares in the last quarter. Meeder Advisory Services Inc. raised its holdings in Ameriprise Financial by 1.1% in 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 acquiring an additional 31 shares in the last quarter. Fidelis Capital Partners LLC raised its holdings in Ameriprise Financial by 5.1% in the fourth quarter. Fidelis Capital Partners LLC now owns 656 shares of the financial services provider’s stock valued at $249,000 after acquiring an additional 32 shares in the last quarter. Stratos Wealth Partners LTD. raised its holdings in Ameriprise Financial by 1.5% in the fourth quarter. Stratos Wealth Partners LTD. now owns 2,176 shares of the financial services provider’s stock valued at $827,000 after acquiring an additional 33 shares in the last quarter. Finally, CI Investments Inc. raised its holdings in Ameriprise Financial by 2.6% in the third quarter. CI Investments Inc. now owns 1,336 shares of the financial services provider’s stock valued at $440,000 after acquiring an additional 34 shares in the last quarter. Institutional investors and hedge funds own 83.95% of the company’s stock.

Insider Transactions at Ameriprise Financial

In other news, insider Gumer Alvero sold 1,652 shares of Ameriprise Financial stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $437.00, for a total transaction of $721,924.00. Following the completion of the transaction, the insider now owns 6,994 shares of the company’s stock, valued at approximately $3,056,378. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Gumer Alvero sold 1,652 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $437.00, for a total value of $721,924.00. Following the completion of the transaction, the insider now owns 6,994 shares of the company’s stock, valued at approximately $3,056,378. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Dawn M. Brockman sold 224 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $434.13, for a total transaction of $97,245.12. Following the completion of the transaction, the senior vice president now directly owns 1,288 shares of the company’s stock, valued at approximately $559,159.44. The disclosure for this sale can be found here. Insiders sold 74,326 shares of company stock valued at $29,775,593 in the last 90 days. 0.73% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AMP. Raymond James assumed coverage on shares of Ameriprise Financial in a report on Thursday, March 21st. They issued a “market perform” rating on the stock. The Goldman Sachs Group raised their price objective on shares of Ameriprise Financial from $437.00 to $488.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. Piper Sandler raised their price objective on shares of Ameriprise Financial from $360.00 to $392.00 and gave the stock an “underweight” rating in a report on Friday, April 5th. Morgan Stanley raised their price objective on shares of Ameriprise Financial from $400.00 to $437.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Finally, Royal Bank of Canada raised their price objective on shares of Ameriprise Financial from $470.00 to $480.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $449.57.

Ameriprise Financial Stock Performance

NYSE:AMP opened at $418.95 on Monday. The firm’s fifty day moving average price is $420.18 and its 200 day moving average price is $384.58. Ameriprise Financial, Inc. has a 1-year low of $279.85 and a 1-year high of $440.67. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.56 and a quick ratio of 0.56. The firm has a market cap of $41.97 billion, a price-to-earnings ratio of 14.26, a price-to-earnings-growth ratio of 0.71 and a beta of 1.35.

Ameriprise Financial (NYSE:AMP) last posted its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $8.39 earnings per share for the quarter, beating analysts’ consensus estimates of $8.10 by $0.29. Ameriprise Financial had a net margin of 19.42% and a return on equity of 75.97%. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same period last year, the firm posted $7.25 EPS. Ameriprise Financial’s quarterly revenue was up 10.8% on a year-over-year basis. On average, sell-side analysts expect that Ameriprise Financial, Inc. will post 34.74 EPS for the current year.

Ameriprise Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Monday, May 6th will be given a dividend of $1.48 per share. This is a positive change from Ameriprise Financial’s previous quarterly dividend of $1.35. This represents a $5.92 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Friday, May 3rd. Ameriprise Financial’s payout ratio is presently 18.38%.

About Ameriprise Financial

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.