U.S. Capital Wealth Advisors LLC purchased a new position in shares of Ameriprise Financial, Inc. (NYSE:AMP – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 391 shares of the financial services provider’s stock, valued at approximately $208,000.
Several other institutional investors and hedge funds have also modified their holdings of the business. Oakworth Capital Inc. purchased a new position in shares of Ameriprise Financial during the 3rd quarter valued at $31,000. Sound Income Strategies LLC purchased a new position in shares of Ameriprise Financial during the 4th quarter valued at $36,000. Peterson Financial Group Inc. purchased a new position in shares of Ameriprise Financial during the 3rd quarter valued at $45,000. Albion Financial Group UT purchased a new position in shares of Ameriprise Financial during the 4th quarter valued at $46,000. Finally, Friedenthal Financial purchased a new position in shares of Ameriprise Financial during the 4th quarter valued at $58,000. Hedge funds and other institutional investors own 83.95% of the company’s stock.
Insider Transactions at Ameriprise Financial
In related news, CFO Walter Stanley Berman sold 8,655 shares of Ameriprise Financial stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $564.16, for a total transaction of $4,882,804.80. Following the completion of the transaction, the chief financial officer now directly owns 6,409 shares of the company’s stock, valued at approximately $3,615,701.44. The trade was a 57.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.96% of the company’s stock.
Ameriprise Financial Stock Performance
Ameriprise Financial stock opened at $538.59 on Friday. The company’s 50-day moving average price is $544.84 and its 200-day moving average price is $500.82. Ameriprise Financial, Inc. has a twelve month low of $385.74 and a twelve month high of $582.05. The company has a quick ratio of 0.65, a current ratio of 0.59 and a debt-to-equity ratio of 1.01. The company has a market cap of $52.25 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 1.18 and a beta of 1.36.
Ameriprise Financial (NYSE:AMP – Get Free Report) last posted its earnings results on Wednesday, January 29th. The financial services provider reported $9.36 earnings per share for the quarter, topping analysts’ consensus estimates of $9.16 by $0.20. Ameriprise Financial had a net margin of 19.70% and a return on equity of 69.35%. On average, equities research analysts forecast that Ameriprise Financial, Inc. will post 38.68 EPS for the current fiscal year.
Ameriprise Financial Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, February 10th will be issued a $1.48 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.10%. Ameriprise Financial’s dividend payout ratio (DPR) is presently 17.91%.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the stock. Morgan Stanley lifted their target price on shares of Ameriprise Financial from $440.00 to $502.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Piper Sandler lifted their price target on shares of Ameriprise Financial from $415.00 to $442.00 and gave the company an “underweight” rating in a report on Friday, January 31st. UBS Group downgraded shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and reduced their price target for the company from $580.00 to $570.00 in a report on Monday, January 6th. Keefe, Bruyette & Woods lifted their price target on shares of Ameriprise Financial from $560.00 to $570.00 and gave the company a “market perform” rating in a report on Monday, February 3rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $625.00 price target on shares of Ameriprise Financial in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $510.44.
Read Our Latest Analysis on AMP
About Ameriprise Financial
(Free Report)
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.
See Also
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