Ameriprise Financial, Inc. (NYSE:AMP) Position Increased by Zhang Financial LLC

Zhang Financial LLC raised its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 13.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,724 shares of the financial services provider’s stock after purchasing an additional 203 shares during the period. Zhang Financial LLC’s holdings in Ameriprise Financial were worth $655,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AMP. Signaturefd LLC raised its position 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 acquiring an additional 31 shares in the last quarter. Meeder Advisory Services Inc. raised its position 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 acquiring an additional 31 shares in the last quarter. Fidelis Capital Partners LLC raised its position 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 acquiring an additional 32 shares in the last quarter. Stratos Wealth Partners LTD. raised its position 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 acquiring an additional 33 shares in the last quarter. Finally, CI Investments Inc. raised its position 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 acquiring an additional 34 shares in the last quarter. Institutional investors own 83.95% of the company’s stock.

Insider Transactions at Ameriprise Financial

In other news, SVP Dawn M. Brockman sold 224 shares of the firm’s 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 owns 1,288 shares in the company, valued at $559,159.44. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Ameriprise Financial news, 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 transaction of $97,245.12. Following the sale, the senior vice president now owns 1,288 shares in the company, valued at $559,159.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 in the company, valued at approximately $1,544,793.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 89,161 shares of company stock worth $35,560,647. Insiders own 0.73% of the company’s stock.

Ameriprise Financial Trading Up 1.1 %

Shares of Ameriprise Financial stock opened at $417.01 on Friday. The company’s fifty day simple moving average is $416.89 and its 200-day simple moving average is $377.64. The company has a market cap of $41.78 billion, a price-to-earnings ratio of 17.59, a PEG ratio of 0.68 and a beta of 1.36. 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.

Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings data 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 the consensus estimate of $3.90 billion. Ameriprise Financial had a net margin of 16.27% and a return on equity of 77.39%. Ameriprise Financial’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the company posted $6.94 earnings per share. As a group, sell-side analysts expect that Ameriprise Financial, Inc. will post 34.43 EPS for the current 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 paid a $1.35 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $5.40 annualized dividend and a dividend yield of 1.29%. Ameriprise Financial’s payout ratio is 22.78%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on AMP shares. Evercore ISI raised their price objective on shares of Ameriprise Financial from $400.00 to $445.00 and gave the company an “in-line” rating in a research report on Thursday, April 11th. Royal Bank of Canada lifted their price target on shares of Ameriprise Financial from $410.00 to $420.00 and gave the company an “outperform” rating in a research report on Monday, January 22nd. Raymond James assumed coverage on shares of Ameriprise Financial in a research report on Thursday, March 21st. They issued a “market perform” rating on the stock. The Goldman Sachs Group lifted their price target on shares of Ameriprise Financial from $437.00 to $488.00 and gave the company a “buy” rating in a research report on Wednesday, March 27th. Finally, UBS Group lifted their price target on shares of Ameriprise Financial from $440.00 to $445.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus 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.