Everett Harris & Co. CA Has $549,000 Stock Position in Ameriprise Financial, Inc. (NYSE:AMP)

Everett Harris & Co. CA cut its position in Ameriprise Financial, Inc. (NYSE:AMP) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,031 shares of the financial services provider’s stock after selling 41 shares during the period. Everett Harris & Co. CA’s holdings in Ameriprise Financial were worth $549,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Oakworth Capital Inc. bought a new stake in Ameriprise Financial during the 3rd quarter worth approximately $31,000. Country Trust Bank boosted its stake in Ameriprise Financial by 213.6% in the third quarter. Country Trust Bank now owns 69 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 47 shares in the last quarter. Sound Income Strategies LLC bought a new stake in shares of Ameriprise Financial during the fourth quarter worth $36,000. Peterson Financial Group Inc. acquired a new stake in shares of Ameriprise Financial in the third quarter valued at $45,000. Finally, Albion Financial Group UT bought a new position in shares of Ameriprise Financial in the fourth quarter valued at about $46,000. 83.95% of the stock is owned by institutional investors.

Ameriprise Financial Price Performance

Ameriprise Financial stock opened at $542.83 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $52.66 billion, a P/E ratio of 16.42, a PEG ratio of 0.87 and a beta of 1.36. The business has a 50-day moving average of $547.55 and a 200-day moving average of $497.53. Ameriprise Financial, Inc. has a 1 year low of $378.05 and a 1 year high of $582.05.

Ameriprise Financial (NYSE:AMP) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $9.36 EPS for the quarter, beating analysts’ consensus estimates of $9.16 by $0.20. Ameriprise Financial had a net margin of 19.70% and a return on equity of 69.46%. On average, equities analysts anticipate that Ameriprise Financial, Inc. will post 39.04 EPS for the current year.

Ameriprise Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 10th will be paid a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Monday, February 10th. Ameriprise Financial’s dividend payout ratio is 17.91%.

Analyst Upgrades and Downgrades

AMP has been the topic of a number of research analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $625.00 price objective on shares of Ameriprise Financial in a report on Monday, January 27th. Piper Sandler raised 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. Morgan Stanley boosted their price objective on shares of Ameriprise Financial from $440.00 to $502.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods decreased their price objective on Ameriprise Financial from $565.00 to $560.00 and set a “market perform” rating on the stock in a research report on Friday, January 10th. Finally, UBS Group cut Ameriprise Financial from a “buy” rating to a “neutral” rating and lowered their target price for the company from $580.00 to $570.00 in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $509.33.

Insider Transactions at Ameriprise Financial

In other Ameriprise Financial news, insider Joseph Edward Sweeney sold 10,735 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $549.68, for a total transaction of $5,900,814.80. Following the completion of the transaction, the insider now owns 5,811 shares of the company’s stock, valued at $3,194,190.48. This represents a 64.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Walter Stanley Berman sold 8,655 shares of Ameriprise Financial stock in a transaction that occurred on 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 sale, the chief financial officer now owns 6,409 shares in the company, valued at $3,615,701.44. This trade represents a 57.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.73% of the stock is owned by insiders.

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.