Ameriprise Financial, Inc. $AMP Shares Bought by Nordwand Advisors LLC

Nordwand Advisors LLC grew its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 9.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,053 shares of the financial services provider’s stock after purchasing an additional 1,745 shares during the period. Ameriprise Financial makes up 1.8% of Nordwand Advisors LLC’s portfolio, making the stock its 15th biggest holding. Nordwand Advisors LLC’s holdings in Ameriprise Financial were worth $10,323,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Holos Integrated Wealth LLC bought a new position in shares of Ameriprise Financial during the 4th quarter valued at about $30,000. Redmont Wealth Advisors LLC bought a new position in shares of Ameriprise Financial during the 3rd quarter valued at about $32,000. Ares Financial Consulting LLC bought a new position in shares of Ameriprise Financial during the 4th quarter valued at about $32,000. WFA of San Diego LLC bought a new position in shares of Ameriprise Financial during the 2nd quarter valued at about $36,000. Finally, Activest Wealth Management boosted its position in shares of Ameriprise Financial by 777.8% during the 4th quarter. Activest Wealth Management now owns 79 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 70 shares in the last quarter. Institutional investors own 83.95% of the company’s stock.

Ameriprise Financial Price Performance

AMP stock opened at $468.54 on Tuesday. The company has a current ratio of 0.66, a quick ratio of 0.68 and a debt-to-equity ratio of 0.90. Ameriprise Financial, Inc. has a one year low of $422.37 and a one year high of $550.18. The firm has a market capitalization of $42.72 billion, a PE ratio of 11.65, a P/E/G ratio of 1.12 and a beta of 1.20. The firm has a 50-day moving average of $454.79 and a two-hundred day moving average of $474.05.

Ameriprise Financial (NYSE:AMP) last posted its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $11.26 EPS for the quarter, beating analysts’ consensus estimates of $10.21 by $1.05. Ameriprise Financial had a net margin of 20.57% and a return on equity of 62.88%. The company had revenue of $4.77 billion during the quarter, compared to analyst estimates of $4.82 billion. During the same period in the prior year, the firm earned $9.50 earnings per share. The business’s quarterly revenue was up 9.7% on a year-over-year basis. On average, analysts forecast that Ameriprise Financial, Inc. will post 41.87 earnings per share for the current year.

Ameriprise Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Monday, May 4th will be given a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 1.5%. This is a positive change from Ameriprise Financial’s previous quarterly dividend of $1.60. The ex-dividend date of this dividend is Monday, May 4th. Ameriprise Financial’s payout ratio is currently 15.92%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AMP. Jefferies Financial Group raised their price objective on shares of Ameriprise Financial from $600.00 to $620.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Raymond James Financial set a $582.00 price objective on shares of Ameriprise Financial and gave the company a “strong-buy” rating in a research report on Wednesday, February 11th. Keefe, Bruyette & Woods started coverage on shares of Ameriprise Financial in a research report on Friday, April 10th. They set a “hold” rating for the company. Piper Sandler upped their price objective on shares of Ameriprise Financial from $460.00 to $471.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Morgan Stanley upped their price objective on shares of Ameriprise Financial from $452.00 to $467.00 and gave the company an “underweight” rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Ameriprise Financial has an average rating of “Hold” and an average target price of $543.22.

Insider Transactions at Ameriprise Financial

In other news, CFO Walter Stanley Berman sold 7,000 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $544.22, for a total value of $3,809,540.00. Following the completion of the sale, the chief financial officer directly owned 5,609 shares of the company’s stock, valued at $3,052,529.98. This represents a 55.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gumer Alvero sold 4,658 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $542.88, for a total transaction of $2,528,735.04. Following the completion of the sale, the insider directly owned 4,621 shares of the company’s stock, valued at $2,508,648.48. This trade represents a 50.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 16,658 shares of company stock valued at $8,998,675 over the last three months. 0.60% of the stock is owned by corporate insiders.

About Ameriprise Financial

Ameriprise Financial, Inc is a diversified financial services company headquartered in Minneapolis, Minnesota. The firm provides a range of advice-based wealth management, asset management and insurance products to individual and institutional clients. Its business model centers on delivering financial planning and investment advice through a network of financial advisors alongside proprietary product offerings designed to meet retirement, protection and accumulation needs.

Core products and services include comprehensive financial planning and advisory services, managed investment portfolios, retirement planning solutions, annuities and life insurance products.