Ameriprise Financial, Inc. (NYSE:AMP - Get Free Report) CEO William F. Truscott sold 6,000 shares of Ameriprise Financial stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $540.29, for a total value of $3,241,740.00. Following the completion of the transaction, the chief executive officer now owns 14,023 shares of the company's stock, valued at approximately $7,576,486.67. The trade was a 29.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Ameriprise Financial Trading Up 1.3 %
Ameriprise Financial stock traded up $6.95 during midday trading on Friday, hitting $546.69. 1,097,325 shares of the stock were exchanged, compared to its average volume of 558,964. The stock has a market capitalization of $53.03 billion, a PE ratio of 16.54, a P/E/G ratio of 1.18 and a beta of 1.36. The company has a fifty day simple moving average of $541.49 and a two-hundred day simple moving average of $504.41. 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.
Ameriprise Financial (NYSE:AMP - Get Free Report) 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 69.35%. Equities research analysts anticipate that Ameriprise Financial, Inc. will post 38.55 EPS for the current fiscal year.
Ameriprise Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders 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 dividend yield of 1.08%. The ex-dividend date is Monday, February 10th. Ameriprise Financial's dividend payout ratio (DPR) is presently 17.91%.
Institutional Trading of Ameriprise Financial
Large investors have recently bought and sold shares of the business. Meiji Yasuda Life Insurance Co grew its position in Ameriprise Financial by 2.9% in the fourth quarter. Meiji Yasuda Life Insurance Co now owns 2,529 shares of the financial services provider's stock valued at $1,347,000 after purchasing an additional 71 shares in the last quarter. South Plains Financial Inc. acquired a new position in Ameriprise Financial during the fourth quarter worth $211,000. Itau Unibanco Holding S.A. increased its holdings in Ameriprise Financial by 476.0% during the fourth quarter. Itau Unibanco Holding S.A. now owns 144 shares of the financial services provider's stock worth $77,000 after buying an additional 119 shares during the last quarter. Keel Point LLC raised its position in Ameriprise Financial by 16.7% during the fourth quarter. Keel Point LLC now owns 1,004 shares of the financial services provider's stock worth $535,000 after acquiring an additional 144 shares in the last quarter. Finally, Unisphere Establishment lifted its stake in Ameriprise Financial by 0.5% in the fourth quarter. Unisphere Establishment now owns 20,100 shares of the financial services provider's stock valued at $10,702,000 after acquiring an additional 100 shares during the last quarter. 83.95% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the stock. UBS Group lowered shares of Ameriprise Financial from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $580.00 to $570.00 in a research report on Monday, January 6th. Morgan Stanley increased their price objective on Ameriprise Financial from $440.00 to $502.00 and gave the company an "equal weight" rating in a research report on Thursday, October 17th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $625.00 price target on shares of Ameriprise Financial in a research note on Monday, February 3rd. Keefe, Bruyette & Woods lifted their price objective on Ameriprise Financial from $560.00 to $570.00 and gave the stock a "market perform" rating in a research report on Monday, February 3rd. Finally, Piper Sandler raised their target price on shares of Ameriprise Financial from $415.00 to $442.00 and gave the company an "underweight" rating in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $510.44.
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Ameriprise Financial Company Profile
(
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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.
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