Tredje AP fonden Sells 15,109 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Tredje AP fonden decreased its holdings in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 29.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,819 shares of the financial services provider's stock after selling 15,109 shares during the quarter. Tredje AP fonden's holdings in Ameriprise Financial were worth $19,071,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Avantax Advisory Services Inc. raised its position in Ameriprise Financial by 6.1% in the 4th quarter. Avantax Advisory Services Inc. now owns 2,421 shares of the financial services provider's stock valued at $1,289,000 after purchasing an additional 139 shares during the last quarter. Great Lakes Advisors LLC raised its position in Ameriprise Financial by 2.6% in the 4th quarter. Great Lakes Advisors LLC now owns 7,790 shares of the financial services provider's stock valued at $4,148,000 after purchasing an additional 198 shares during the last quarter. Hopwood Financial Services Inc. bought a new position in Ameriprise Financial in the 4th quarter valued at $88,000. Sequoia Financial Advisors LLC raised its position in Ameriprise Financial by 22.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 6,729 shares of the financial services provider's stock valued at $3,583,000 after purchasing an additional 1,226 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in shares of Ameriprise Financial by 3.5% during the fourth quarter. HighTower Advisors LLC now owns 44,906 shares of the financial services provider's stock worth $23,909,000 after acquiring an additional 1,532 shares during the last quarter. Institutional investors own 83.95% of the company's stock.

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Ameriprise Financial Trading Up 2.9 %

Shares of Ameriprise Financial stock traded up $13.65 during trading on Friday, reaching $485.94. 565,010 shares of the company were exchanged, compared to its average volume of 458,381. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.01. Ameriprise Financial, Inc. has a twelve month low of $385.74 and a twelve month high of $582.05. The business has a 50-day moving average price of $531.56 and a 200-day moving average price of $519.08. The firm has a market capitalization of $46.71 billion, a price-to-earnings ratio of 14.70, a P/E/G ratio of 1.15 and a beta of 1.33.

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

Ameriprise Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 10th were issued a $1.48 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $5.92 annualized dividend and a dividend yield of 1.22%. Ameriprise Financial's dividend payout ratio (DPR) is currently 17.91%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AMP shares. Morgan Stanley boosted their target price on Ameriprise Financial from $507.00 to $542.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 4th. Keefe, Bruyette & Woods boosted their target price 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. Royal Bank of Canada restated an "outperform" rating and set a $625.00 target price on shares of Ameriprise Financial in a research report on Monday, February 3rd. Piper Sandler boosted their target price on Ameriprise Financial from $415.00 to $442.00 and gave the stock an "underweight" rating in a research report on Friday, January 31st. Finally, UBS Group downgraded Ameriprise Financial from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $580.00 to $570.00 in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $514.89.

Insiders Place Their Bets

In related news, Director Robert Francis Sharpe, Jr. sold 1,000 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $523.12, for a total transaction of $523,120.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $5,231,200. This trade represents a 9.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph Edward Sweeney sold 4,636 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $539.07, for a total value of $2,499,128.52. Following the transaction, the insider now owns 7,237 shares of the company's stock, valued at approximately $3,901,249.59. The trade was a 39.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,636 shares of company stock worth $6,263,989 over the last ninety days. 0.73% of the stock is currently owned by corporate insiders.

Ameriprise Financial Company 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.