Yousif Capital Management LLC Has $8.08 Million Holdings in Ameriprise Financial, Inc. (NYSE:AMP)

Yousif Capital Management LLC decreased its position in Ameriprise Financial, Inc. (NYSE:AMP) by 0.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,166 shares of the financial services provider’s stock after selling 75 shares during the period. Yousif Capital Management LLC’s holdings in Ameriprise Financial were worth $8,075,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. E. Ohman J or Asset Management AB lifted its stake in shares of Ameriprise Financial by 8.7% in the 4th quarter. E. Ohman J or Asset Management AB now owns 4,380 shares of the financial services provider’s stock valued at $2,332,000 after purchasing an additional 350 shares during the period. Longboard Asset Management LP bought a new stake in Ameriprise Financial in the fourth quarter worth approximately $229,000. abrdn plc lifted its stake in Ameriprise Financial by 0.6% in the fourth quarter. abrdn plc now owns 91,736 shares of the financial services provider’s stock valued at $48,799,000 after buying an additional 532 shares during the period. E&G Advisors LP bought a new position in shares of Ameriprise Financial during the 4th quarter worth approximately $213,000. Finally, Means Investment CO. Inc. acquired a new stake in shares of Ameriprise Financial during the 4th quarter worth approximately $207,000. Institutional investors own 83.95% of the company’s stock.

Wall Street Analyst Weigh In

AMP has been the topic of a number of research reports. Morgan Stanley boosted 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 report on Thursday, October 17th. Keefe, Bruyette & Woods increased their price objective on shares of Ameriprise Financial from $560.00 to $570.00 and gave the stock a “market perform” rating in a research report on Monday. UBS Group lowered Ameriprise Financial from a “buy” rating to a “neutral” rating and decreased their target price for the company from $580.00 to $570.00 in a research report on Monday, January 6th. Piper Sandler increased their price target on Ameriprise Financial from $415.00 to $442.00 and gave the stock an “underweight” rating in a report on Friday, January 31st. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $625.00 price objective on shares of Ameriprise Financial in a research note on Monday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $510.44.

Ameriprise Financial Stock Performance

Shares of Ameriprise Financial stock opened at $537.72 on Thursday. The company has a market cap of $52.16 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 1.18 and a beta of 1.36. The company has a quick ratio of 0.65, a current ratio of 0.59 and a debt-to-equity ratio of 1.01. Ameriprise Financial, Inc. has a 52 week low of $385.74 and a 52 week high of $582.05. The business has a 50 day moving average price of $546.12 and a 200-day moving average price of $500.27.

Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $9.36 earnings per share for the quarter, beating the consensus estimate of $9.16 by $0.20. Ameriprise Financial had a return on equity of 69.35% and a net margin of 19.70%. Equities analysts anticipate that Ameriprise Financial, Inc. will post 38.68 earnings per share for the current fiscal year.

Ameriprise Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 10th will be issued a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Monday, February 10th. Ameriprise Financial’s dividend payout ratio (DPR) is presently 17.91%.

Insiders Place Their Bets

In other news, CFO Walter Stanley Berman sold 8,655 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $564.16, for a total value of $4,882,804.80. Following the transaction, the chief financial officer now owns 6,409 shares in the company, valued at $3,615,701.44. The trade was a 57.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph Edward Sweeney sold 10,735 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $549.68, for a total value of $5,900,814.80. Following the sale, the insider now directly owns 5,811 shares of the company’s stock, valued at $3,194,190.48. The trade was a 64.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is currently 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.