Ameriprise Financial, Inc. (NYSE:AMP) Stock Holdings Lowered by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp reduced its holdings in Ameriprise Financial, Inc. (NYSE:AMP) by 16.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,166 shares of the financial services provider’s stock after selling 1,234 shares during the quarter. Alaska Permanent Fund Corp’s holdings in Ameriprise Financial were worth $2,342,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. GAMMA Investing LLC purchased a new position in shares of Ameriprise Financial in the fourth quarter worth approximately $314,000. Parkside Financial Bank & Trust increased its position in shares of Ameriprise Financial by 18.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 511 shares of the financial services provider’s stock worth $194,000 after acquiring an additional 79 shares in the last quarter. SlateStone Wealth LLC purchased a new position in shares of Ameriprise Financial in the fourth quarter worth approximately $204,000. Larson Financial Group LLC increased its position in shares of Ameriprise Financial by 41.1% in the fourth quarter. Larson Financial Group LLC now owns 632 shares of the financial services provider’s stock worth $240,000 after acquiring an additional 184 shares in the last quarter. Finally, Foster & Motley Inc. increased its position in shares of Ameriprise Financial by 2.5% in the fourth quarter. Foster & Motley Inc. now owns 27,461 shares of the financial services provider’s stock worth $10,431,000 after acquiring an additional 675 shares in the last quarter. 83.95% of the stock is currently owned by institutional investors.

Insider Activity at Ameriprise Financial

In other Ameriprise Financial news, insider Gumer Alvero sold 1,652 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $437.00, for a total value of $721,924.00. Following the sale, the insider now owns 6,994 shares of the company’s stock, valued at approximately $3,056,378. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Robert Francis Sharpe, Jr. sold 4,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $386.60, for a total value of $1,546,400.00. Following the sale, the director now owns 12,500 shares of the company’s stock, valued at approximately $4,832,500. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Gumer Alvero sold 1,652 shares of the company’s stock in a transaction dated 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 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 sold a total of 89,161 shares of company stock worth $35,560,647 in the last ninety days. 0.73% of the stock is currently owned by insiders.

Ameriprise Financial Stock Down 2.3 %

NYSE AMP traded down $9.45 during trading on Thursday, reaching $403.41. The company’s stock had a trading volume of 93,417 shares, compared to its average volume of 497,099. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $40.42 billion, a PE ratio of 14.05, a PEG ratio of 0.67 and a beta of 1.36. The business has a 50-day moving average price of $418.15 and a 200-day moving average price of $379.98. Ameriprise Financial, Inc. has a 1-year low of $279.85 and a 1-year high of $440.67.

Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $8.39 earnings per share for the quarter, topping 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 business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same period in the previous year, the company earned $7.25 earnings per share. Ameriprise Financial’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, research analysts forecast that Ameriprise Financial, Inc. will post 34.43 earnings per share for the current fiscal year.

Ameriprise Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Monday, May 6th will be paid a dividend of $1.48 per share. This is a boost from Ameriprise Financial’s previous quarterly dividend of $1.35. This represents a $5.92 annualized dividend and a yield of 1.47%. The ex-dividend date is Friday, May 3rd. Ameriprise Financial’s dividend payout ratio is presently 18.38%.

Analyst Ratings Changes

A number of brokerages recently commented on AMP. UBS Group boosted their price objective 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. Raymond James began coverage on shares of Ameriprise Financial in a research report on Thursday, March 21st. They set a “market perform” rating on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Ameriprise Financial from $420.00 to $460.00 and gave the company a “market perform” rating in a research report on Wednesday, April 10th. Piper Sandler boosted their price objective 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, Morgan Stanley boosted their price objective 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $449.57.

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.