Ameriprise Financial, Inc. $AMP Shares Sold by Everpar Advisors LLC

Everpar Advisors LLC reduced its holdings in Ameriprise Financial, Inc. (NYSE:AMP) by 6.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,128 shares of the financial services provider’s stock after selling 73 shares during the quarter. Everpar Advisors LLC’s holdings in Ameriprise Financial were worth $602,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Plancorp LLC raised its position in shares of Ameriprise Financial by 4.8% during the 1st quarter. Plancorp LLC now owns 441 shares of the financial services provider’s stock worth $213,000 after purchasing an additional 20 shares during the period. Forum Financial Management LP grew its holdings in Ameriprise Financial by 1.4% in the 4th quarter. Forum Financial Management LP now owns 1,484 shares of the financial services provider’s stock worth $790,000 after buying an additional 21 shares in the last quarter. Pinnacle Associates Ltd. grew its holdings in Ameriprise Financial by 1.6% in the 1st quarter. Pinnacle Associates Ltd. now owns 1,374 shares of the financial services provider’s stock worth $665,000 after buying an additional 21 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its holdings in Ameriprise Financial by 3.0% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 712 shares of the financial services provider’s stock worth $345,000 after buying an additional 21 shares in the last quarter. Finally, Argent Trust Co grew its holdings in Ameriprise Financial by 1.3% in the 1st quarter. Argent Trust Co now owns 1,698 shares of the financial services provider’s stock worth $822,000 after buying an additional 21 shares in the last quarter. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Ameriprise Financial Price Performance

Shares of NYSE:AMP opened at $486.99 on Tuesday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.95. Ameriprise Financial, Inc. has a 1 year low of $396.14 and a 1 year high of $582.05. The business has a fifty day simple moving average of $514.75 and a 200 day simple moving average of $502.38. The firm has a market cap of $45.91 billion, a price-to-earnings ratio of 15.15, a P/E/G ratio of 1.06 and a beta of 1.27.

Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings data on Thursday, July 24th. The financial services provider reported $9.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.00 by $0.11. Ameriprise Financial had a return on equity of 65.90% and a net margin of 18.30%.The business had revenue of $4.49 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same period last year, the company earned $8.72 earnings per share. Ameriprise Financial’s quarterly revenue was up 2.2% compared to the same quarter last year. As a group, sell-side analysts predict that Ameriprise Financial, Inc. will post 38.64 earnings per share for the current fiscal year.

Ameriprise Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, August 4th were issued a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, August 4th. Ameriprise Financial’s dividend payout ratio (DPR) is currently 19.91%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AMP shares. Morgan Stanley lowered Ameriprise Financial from an “equal weight” rating to an “underweight” rating and increased their price objective for the stock from $462.00 to $530.00 in a report on Tuesday, July 15th. Raymond James Financial increased their price objective on Ameriprise Financial from $518.00 to $582.00 and gave the stock a “strong-buy” rating in a report on Friday, July 25th. Wall Street Zen raised Ameriprise Financial from a “sell” rating to a “hold” rating in a research note on Friday, May 30th. Piper Sandler increased their price target on Ameriprise Financial from $423.00 to $434.00 and gave the company an “underweight” rating in a research note on Thursday, July 3rd. Finally, Keefe, Bruyette & Woods increased their price target on Ameriprise Financial from $520.00 to $550.00 and gave the company a “market perform” rating in a research note on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $534.71.

Insider Buying and Selling at Ameriprise Financial

In other news, EVP Heather J. Melloh sold 1,500 shares of the firm’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $512.34, for a total value of $768,510.00. Following the sale, the executive vice president directly owned 2,562 shares of the company’s stock, valued at approximately $1,312,615.08. This trade represents a 36.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William F. Truscott sold 9,929 shares of Ameriprise Financial stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $506.89, for a total value of $5,032,910.81. Following the completion of the transaction, the chief executive officer owned 11,047 shares in the company, valued at $5,599,613.83. The trade was a 47.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by company insiders.

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.