Certuity LLC Raises Stock Holdings in Ameriprise Financial, Inc. (NYSE:AMP)

Certuity LLC increased its stake in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 58.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,875 shares of the financial services provider's stock after buying an additional 1,056 shares during the period. Certuity LLC's holdings in Ameriprise Financial were worth $1,531,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wingate Wealth Advisors Inc. purchased a new position in shares of Ameriprise Financial during the fourth quarter worth approximately $30,000. Oakworth Capital Inc. purchased a new position in Ameriprise Financial during the 3rd quarter worth $31,000. Sound Income Strategies LLC purchased a new position in Ameriprise Financial during the 4th quarter worth $36,000. Golden State Wealth Management LLC bought a new stake in Ameriprise Financial during the 4th quarter valued at $38,000. Finally, Albion Financial Group UT purchased a new stake in shares of Ameriprise Financial in the 4th quarter worth $46,000. Institutional investors own 83.95% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on AMP shares. 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. UBS Group downgraded shares of Ameriprise Financial from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $580.00 to $570.00 in a research note on Monday, January 6th. Keefe, Bruyette & Woods boosted 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 note on Monday, February 3rd. Finally, Piper Sandler increased their target price on Ameriprise Financial from $415.00 to $442.00 and gave the company an "underweight" rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $510.44.

Insider Activity

In related news, CEO William F. Truscott sold 6,000 shares of Ameriprise Financial stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $540.29, for a total transaction of $3,241,740.00. Following the completion of the transaction, the chief executive officer now directly owns 14,023 shares in the company, valued at approximately $7,576,486.67. This trade represents a 29.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert Francis Sharpe, Jr. sold 1,000 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at $5,231,200. The trade was a 9.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.73% of the company's stock.

Ameriprise Financial Stock Performance

Shares of NYSE AMP traded up $6.95 during mid-day trading on Friday, hitting $546.69. The stock had a trading volume of 1,097,325 shares, compared to its average volume of 519,101. The firm has a market cap of $53.03 billion, a PE ratio of 16.54, a PEG ratio of 1.18 and a beta of 1.36. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.65 and a current ratio of 0.59. The company has a 50 day moving average of $541.20 and a two-hundred day moving average of $505.21. Ameriprise Financial, Inc. has a twelve month low of $385.74 and a twelve month high of $582.05.

Ameriprise Financial (NYSE:AMP - Get Free Report) last announced its quarterly earnings data 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%. Research analysts predict that Ameriprise Financial, Inc. will post 38.55 EPS for the current fiscal year.

Ameriprise Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 10th will be given a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Monday, February 10th. Ameriprise Financial's dividend payout ratio is presently 17.91%.

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.