Ameriprise Financial, Inc. (NYSE:AMP) Shares Acquired by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. increased its position in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 85.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,621 shares of the financial services provider's stock after buying an additional 9,527 shares during the period. Northwest & Ethical Investments L.P.'s holdings in Ameriprise Financial were worth $10,979,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the business. Jones Financial Companies Lllp increased its holdings in Ameriprise Financial by 24.3% in the 4th quarter. Jones Financial Companies Lllp now owns 1,674 shares of the financial services provider's stock worth $891,000 after acquiring an additional 327 shares in the last quarter. Czech National Bank raised its holdings in shares of Ameriprise Financial by 5.2% during the 4th quarter. Czech National Bank now owns 21,035 shares of the financial services provider's stock worth $11,200,000 after acquiring an additional 1,033 shares during the period. Bridgewater Associates LP boosted its position in shares of Ameriprise Financial by 97.8% during the 3rd quarter. Bridgewater Associates LP now owns 50,510 shares of the financial services provider's stock valued at $23,730,000 after acquiring an additional 24,968 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Ameriprise Financial in the fourth quarter valued at about $43,000. Finally, Benjamin Edwards Inc. grew its holdings in shares of Ameriprise Financial by 1,261.6% in the third quarter. Benjamin Edwards Inc. now owns 1,171 shares of the financial services provider's stock valued at $550,000 after purchasing an additional 1,085 shares during the period. 83.95% of the stock is currently owned by institutional investors and hedge funds.

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Ameriprise Financial Stock Up 3.3 %

Shares of AMP stock traded up $16.18 during trading on Monday, reaching $508.82. The company's stock had a trading volume of 448,252 shares, compared to its average volume of 459,081. The company has a market capitalization of $48.91 billion, a price-to-earnings ratio of 15.39, a P/E/G ratio of 1.15 and a beta of 1.33. Ameriprise Financial, Inc. has a 1-year low of $385.74 and a 1-year high of $582.05. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.59 and a quick ratio of 0.59. The stock's 50-day moving average price is $527.84 and its 200 day moving average price is $521.83.

Ameriprise Financial (NYSE:AMP - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $9.36 earnings per share for the quarter, topping 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, research analysts anticipate that Ameriprise Financial, Inc. will post 38.64 EPS for the current year.

Ameriprise Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 10th were given a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date was Monday, February 10th. Ameriprise Financial's dividend payout ratio is presently 17.91%.

Insider Buying and Selling

In other Ameriprise Financial news, insider Joseph Edward Sweeney sold 4,636 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $539.07, for a total value of $2,499,128.52. Following the sale, the insider now directly owns 7,237 shares of the company's stock, valued at approximately $3,901,249.59. This represents a 39.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO William F. Truscott sold 6,000 shares of Ameriprise Financial stock in a transaction 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 sale, the chief executive officer now directly owns 14,023 shares of the company's stock, valued at approximately $7,576,486.67. This trade represents a 29.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,636 shares of company stock worth $6,263,989. Company insiders own 0.73% of the company's stock.

Wall Street Analysts Forecast Growth

AMP has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods raised their price target on shares of Ameriprise Financial from $560.00 to $570.00 and gave the stock a "market perform" rating in a report on Monday, February 3rd. Piper Sandler lifted 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. Royal Bank of Canada reiterated an "outperform" rating and set a $625.00 price target on shares of Ameriprise Financial in a report on Monday, February 3rd. Morgan Stanley upped their target price on shares of Ameriprise Financial from $507.00 to $542.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 4th. Finally, UBS Group cut shares of Ameriprise Financial from a "buy" rating to a "neutral" rating and dropped their price target for the company from $580.00 to $570.00 in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $514.89.

About Ameriprise Financial

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.