512 Shares in Ameriprise Financial, Inc. (NYSE:AMP) Acquired by Natural Investments LLC

Natural Investments LLC bought a new position in shares of Ameriprise Financial, Inc. (NYSE:AMP) during the 4th quarter, Holdings Channel reports. The institutional investor bought 512 shares of the financial services provider’s stock, valued at approximately $272,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Howard Capital Management Group LLC boosted its position in shares of Ameriprise Financial by 11.1% during the third quarter. Howard Capital Management Group LLC now owns 1,787 shares of the financial services provider’s stock worth $840,000 after buying an additional 178 shares during the period. Ashton Thomas Securities LLC bought a new stake in Ameriprise Financial in the 3rd quarter valued at approximately $107,000. Versor Investments LP boosted its position in Ameriprise Financial by 84.4% during the 3rd quarter. Versor Investments LP now owns 1,099 shares of the financial services provider’s stock worth $516,000 after acquiring an additional 503 shares during the last quarter. Harbour Investments Inc. grew its stake in shares of Ameriprise Financial by 5.5% during the 3rd quarter. Harbour Investments Inc. now owns 1,006 shares of the financial services provider’s stock worth $472,000 after acquiring an additional 52 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Ameriprise Financial in the third quarter valued at approximately $503,000. Institutional investors own 83.95% of the company’s stock.

Ameriprise Financial Price Performance

NYSE:AMP opened at $480.61 on Thursday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.01. Ameriprise Financial, Inc. has a 12-month low of $385.74 and a 12-month high of $582.05. The stock’s 50 day moving average price is $533.72 and its two-hundred day moving average price is $518.54. The firm has a market capitalization of $46.19 billion, a price-to-earnings ratio of 14.54, a P/E/G ratio of 1.15 and a beta of 1.33.

Ameriprise Financial (NYSE:AMP) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $9.36 earnings per share for the quarter, beating analysts’ consensus estimates of $9.16 by $0.20. Ameriprise Financial had a return on equity of 69.35% and a net margin of 19.70%. On average, analysts anticipate that Ameriprise Financial, Inc. will post 38.64 earnings per share for the current year.

Ameriprise Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 10th were paid a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Monday, February 10th. Ameriprise Financial’s dividend payout ratio is presently 17.91%.

Analyst Ratings Changes

AMP has been the subject of several recent research reports. Piper Sandler increased their target price on shares of Ameriprise Financial from $415.00 to $442.00 and gave the stock 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 objective for the stock from $580.00 to $570.00 in a research note on Monday, January 6th. Keefe, Bruyette & Woods lifted their target price on Ameriprise Financial from $560.00 to $570.00 and gave the company a “market perform” rating in a research report on Monday, February 3rd. Royal Bank of Canada reiterated an “outperform” rating and set a $625.00 target price on shares of Ameriprise Financial in a report on Monday, February 3rd. Finally, Morgan Stanley raised their price target on Ameriprise Financial from $507.00 to $542.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ameriprise Financial has a consensus rating of “Hold” and a consensus price target of $514.89.

Insider Buying and Selling

In related news, CEO William F. Truscott sold 6,000 shares of the business’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $540.29, for a total value of $3,241,740.00. Following the completion of the sale, the chief executive officer now directly owns 14,023 shares in the company, valued at $7,576,486.67. The trade was a 29.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert Francis Sharpe, Jr. sold 1,000 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $523.12, for a total value of $523,120.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $5,231,200. This represents a 9.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,636 shares of company stock valued at $6,263,989. Company insiders own 0.73% of the company’s stock.

Ameriprise Financial 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.