New York State Common Retirement Fund Has $30.88 Million Holdings in Ameriprise Financial, Inc. (NYSE:AMP)

New York State Common Retirement Fund reduced its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 11.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,310 shares of the financial services provider’s stock after selling 10,942 shares during the quarter. New York State Common Retirement Fund owned 0.08% of Ameriprise Financial worth $30,884,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Signaturefd LLC raised its stake in Ameriprise Financial by 1.4% during the 3rd quarter. Signaturefd LLC now owns 2,238 shares of the financial services provider’s stock valued at $738,000 after purchasing an additional 31 shares during the last quarter. Meeder Advisory Services Inc. raised its stake in shares of 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 valued at $1,128,000 after buying an additional 31 shares in the last quarter. Fidelis Capital Partners LLC raised its stake in shares of Ameriprise Financial by 5.1% in the 4th quarter. Fidelis Capital Partners LLC now owns 656 shares of the financial services provider’s stock valued at $249,000 after buying an additional 32 shares in the last quarter. Stratos Wealth Partners LTD. raised its stake in shares of 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 valued at $827,000 after buying an additional 33 shares in the last quarter. Finally, CI Investments Inc. raised its stake in shares of Ameriprise Financial by 2.6% in the 3rd quarter. CI Investments Inc. now owns 1,336 shares of the financial services provider’s stock valued at $440,000 after buying an additional 34 shares in the last quarter. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Ameriprise Financial Stock Down 0.5 %

Ameriprise Financial stock opened at $410.64 on Friday. The company’s 50 day simple moving average is $418.41 and its 200 day simple moving average is $380.19. Ameriprise Financial, Inc. has a fifty-two week low of $279.85 and a fifty-two week high of $440.67. The firm has a market capitalization of $41.14 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 0.67 and a beta of 1.36. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.56 and a quick ratio of 0.56.

Ameriprise Financial (NYSE:AMP) last released its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $8.39 earnings per share for the quarter, topping the consensus estimate of $8.10 by $0.29. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.15 billion. Ameriprise Financial had a net margin of 19.42% and a return on equity of 75.97%. Ameriprise Financial’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the firm earned $7.25 EPS. As a group, sell-side analysts anticipate that Ameriprise Financial, Inc. will post 34.43 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 issued a dividend of $1.48 per share. This is an increase from Ameriprise Financial’s previous quarterly dividend of $1.35. This represents a $5.92 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Friday, May 3rd. Ameriprise Financial’s dividend payout ratio (DPR) is 18.38%.

Wall Street Analysts Forecast Growth

AMP has been the subject of a number of recent research reports. Morgan Stanley increased 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 note on Tuesday, April 9th. Royal Bank of Canada increased their price objective on shares of Ameriprise Financial from $470.00 to $480.00 and gave the company an “outperform” rating in a research note on Wednesday. Raymond James started coverage on shares of Ameriprise Financial in a research note on Thursday, March 21st. They issued a “market perform” rating for the company. Piper Sandler increased 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. Finally, The Goldman Sachs Group increased 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. 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $449.57.

Insiders Place Their Bets

In other Ameriprise Financial news, insider Joseph Edward Sweeney sold 5,146 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now directly owns 9,421 shares in the company, valued at approximately $3,669,196.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Ameriprise Financial news, insider Joseph Edward Sweeney sold 5,146 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now directly owns 9,421 shares in the company, valued at approximately $3,669,196.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Francis Sharpe, Jr. sold 4,000 shares of Ameriprise Financial stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $386.60, for a total transaction of $1,546,400.00. Following the completion of the sale, the director now owns 12,500 shares in the company, valued at $4,832,500. The disclosure for this sale can be found here. In the last three months, insiders have sold 79,472 shares of company stock worth $31,779,805. Company insiders own 0.73% of the company’s stock.

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.