Larson Financial Group LLC Purchases 184 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Larson Financial Group LLC boosted its holdings in Ameriprise Financial, Inc. (NYSE:AMP) by 41.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 632 shares of the financial services provider’s stock after acquiring an additional 184 shares during the quarter. Larson Financial Group LLC’s holdings in Ameriprise Financial were worth $240,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AMP. CWM LLC raised its holdings in shares of Ameriprise Financial by 2.9% during the third quarter. CWM LLC now owns 2,433 shares of the financial services provider’s stock valued at $802,000 after purchasing an additional 69 shares during the last quarter. Arkadios Wealth Advisors bought a new stake in Ameriprise Financial in the 3rd quarter worth approximately $233,000. Washington Trust Advisors Inc. grew its position in Ameriprise Financial by 35.7% in the 3rd quarter. Washington Trust Advisors Inc. now owns 608 shares of the financial services provider’s stock worth $200,000 after purchasing an additional 160 shares during the period. Caprock Group LLC raised its stake in Ameriprise Financial by 13.4% during the 3rd quarter. Caprock Group LLC now owns 1,910 shares of the financial services provider’s stock valued at $630,000 after buying an additional 226 shares during the last quarter. Finally, Oak Thistle LLC bought a new position in shares of Ameriprise Financial during the 3rd quarter valued at $717,000. 83.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Piper Sandler upped their price objective on Ameriprise Financial from $360.00 to $392.00 and gave the company an “underweight” rating in a research report on Friday, April 5th. UBS Group boosted their price target on Ameriprise Financial from $440.00 to $445.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Raymond James started coverage on shares of Ameriprise Financial in a research note on Thursday, March 21st. They issued a “market perform” rating on the stock. The Goldman Sachs Group boosted their target price 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, Morgan Stanley upped their target price on shares of Ameriprise Financial from $400.00 to $437.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Ameriprise Financial presently has a consensus rating of “Hold” and an average price target of $449.57.

Insider Activity at Ameriprise Financial

In other Ameriprise Financial news, CEO William F. Truscott sold 9,689 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $390.22, for a total value of $3,780,841.58. Following the completion of the transaction, the chief executive officer now directly owns 12,126 shares in the company, valued at approximately $4,731,807.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Ameriprise Financial news, CEO William F. Truscott sold 9,689 shares of the business’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $390.22, for a total value of $3,780,841.58. Following the sale, the chief executive officer now owns 12,126 shares in the company, valued at approximately $4,731,807.72. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph Edward Sweeney sold 5,146 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $389.47, for a total transaction of $2,004,212.62. Following the transaction, the insider now directly owns 9,421 shares of the company’s stock, valued at approximately $3,669,196.87. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 89,161 shares of company stock valued at $35,560,647. 0.73% of the stock is owned by company insiders.

Ameriprise Financial Stock Performance

AMP opened at $412.86 on Thursday. The company has a 50 day simple moving average of $418.15 and a two-hundred day simple moving average of $379.98. 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 $41.36 billion, a P/E ratio of 14.05, a PEG ratio of 0.67 and a beta of 1.36. Ameriprise Financial, Inc. has a 1-year low of $279.85 and a 1-year high of $440.67.

Ameriprise Financial (NYSE:AMP) last released its earnings results on Tuesday, April 23rd. The financial services provider reported $8.39 earnings per share for the quarter, beating analysts’ consensus estimates of $8.10 by $0.29. The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.15 billion. Ameriprise Financial had a net margin of 19.42% and a return on equity of 75.97%. Ameriprise Financial’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $7.25 EPS. Equities analysts forecast that Ameriprise Financial, Inc. will post 34.43 earnings per share for the current fiscal year.

Ameriprise Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Monday, May 6th will be given a dividend of $1.48 per share. The ex-dividend date is Friday, May 3rd. This represents a $5.92 annualized dividend and a dividend yield of 1.43%. This is a boost from Ameriprise Financial’s previous quarterly dividend of $1.35. Ameriprise Financial’s dividend payout ratio (DPR) is currently 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.