Ameriprise Financial, Inc. (NYSE:AMP) Shares Bought by Flputnam Investment Management Co.

Flputnam Investment Management Co. raised its position in Ameriprise Financial, Inc. (NYSE:AMP) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,228 shares of the financial services provider’s stock after buying an additional 57 shares during the period. Flputnam Investment Management Co.’s holdings in Ameriprise Financial were worth $2,366,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Signaturefd LLC boosted its holdings in Ameriprise Financial by 1.4% in the 3rd 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. Meeder Advisory Services Inc. boosted its holdings in Ameriprise Financial by 1.1% in the 4th quarter. Meeder Advisory Services Inc. now owns 2,969 shares of the financial services provider’s stock worth $1,128,000 after buying an additional 31 shares during the last quarter. Stratos Wealth Partners LTD. boosted its holdings in Ameriprise Financial by 1.5% in the 4th quarter. Stratos Wealth Partners LTD. now owns 2,176 shares of the financial services provider’s stock worth $827,000 after buying an additional 33 shares during the last quarter. CI Investments Inc. boosted its holdings in Ameriprise Financial by 2.6% in the 3rd quarter. CI Investments Inc. now owns 1,336 shares of the financial services provider’s stock worth $440,000 after buying an additional 34 shares during the last quarter. Finally, Gateway Advisory LLC boosted its holdings in shares of Ameriprise Financial by 1.7% during the 3rd quarter. Gateway Advisory LLC now owns 2,081 shares of the financial services provider’s stock worth $686,000 after purchasing an additional 34 shares during the last quarter. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Ameriprise Financial Stock Down 0.1 %

Ameriprise Financial stock opened at $410.84 on Wednesday. Ameriprise Financial, Inc. has a twelve month low of $279.85 and a twelve month high of $440.67. The stock’s fifty day simple moving average is $415.72 and its 200-day simple moving average is $376.51. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $41.16 billion, a P/E ratio of 17.33, a P/E/G ratio of 0.68 and a beta of 1.36.

Ameriprise Financial (NYSE:AMP) last posted its quarterly earnings data 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 analyst estimates of $3.90 billion. During the same quarter in the prior year, the company earned $6.94 earnings per share. The company’s revenue was up 9.0% on a year-over-year basis. As a group, equities analysts expect that Ameriprise Financial, Inc. will post 34.43 earnings per share for the current fiscal year.

Ameriprise Financial Announces Dividend

The business also recently disclosed 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 1.31%. The ex-dividend date of this dividend was Thursday, February 8th. Ameriprise Financial’s dividend payout ratio is currently 22.78%.

Insider Transactions at Ameriprise Financial

In related news, CFO Walter Stanley Berman sold 13,346 shares of the business’s stock in a transaction on 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 legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Walter Stanley Berman sold 13,346 shares of the business’s stock in a transaction on 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 legal filing with the SEC, which is accessible through the SEC website. Also, CEO James M. Cracchiolo sold 12,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $401.48, for a total transaction of $4,817,760.00. Following the transaction, the chief executive officer now owns 169,012 shares of the company’s stock, valued at approximately $67,854,937.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 89,161 shares of company stock valued at $35,560,647. 0.96% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on AMP shares. Evercore ISI boosted their target price on Ameriprise Financial from $400.00 to $445.00 and gave the stock an “in-line” rating in a report on Thursday, April 11th. Raymond James initiated coverage on shares of Ameriprise Financial in a research report on Thursday, March 21st. They set a “market perform” rating on the stock. Morgan Stanley lifted their price target on shares of Ameriprise Financial from $400.00 to $437.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Piper Sandler lifted their price target on shares of Ameriprise Financial from $360.00 to $392.00 and gave the company an “underweight” rating in a research report on Friday, April 5th. Finally, UBS Group boosted their target price on Ameriprise Financial from $440.00 to $445.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. One equities research 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 data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $441.00.

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.