Vontobel Holding Ltd. Sells 2,436 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Vontobel Holding Ltd. lowered its stake in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 25.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,063 shares of the financial services provider's stock after selling 2,436 shares during the quarter. Vontobel Holding Ltd.'s holdings in Ameriprise Financial were worth $3,761,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AMP. Czech National Bank boosted its stake in Ameriprise Financial by 5.2% during the fourth 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 in the last quarter. Bridgewater Associates LP boosted its stake in Ameriprise Financial by 97.8% during the third quarter. Bridgewater Associates LP now owns 50,510 shares of the financial services provider's stock worth $23,730,000 after acquiring an additional 24,968 shares in the last quarter. Empowered Funds LLC boosted its stake in Ameriprise Financial by 19.9% during the third quarter. Empowered Funds LLC now owns 8,021 shares of the financial services provider's stock worth $3,768,000 after acquiring an additional 1,329 shares in the last quarter. SpiderRock Advisors LLC boosted its stake in Ameriprise Financial by 136.3% during the third quarter. SpiderRock Advisors LLC now owns 3,237 shares of the financial services provider's stock worth $1,521,000 after acquiring an additional 1,867 shares in the last quarter. Finally, Aljian Capital Management LLC acquired a new position in Ameriprise Financial during the third quarter worth $458,000. Institutional investors and hedge funds own 83.95% of the company's stock.

Ameriprise Financial Stock Down 1.5 %

Shares of AMP stock traded down $8.49 on Thursday, hitting $540.95. The stock had a trading volume of 356,790 shares, compared to its average volume of 551,248. The business has a 50 day moving average of $541.02 and a 200 day moving average of $508.46. The stock has a market cap of $52.48 billion, a price-to-earnings ratio of 16.36, a price-to-earnings-growth ratio of 1.19 and a beta of 1.36. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.59 and a quick ratio of 0.65. Ameriprise Financial, Inc. has a 12-month low of $385.74 and a 12-month high of $582.05.

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 (EPS) for the quarter, topping 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%. As a group, analysts expect that Ameriprise Financial, Inc. will post 38.55 EPS for the current year.

Ameriprise Financial Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Monday, February 10th. This represents a $5.92 dividend on an annualized basis and a yield of 1.09%. Ameriprise Financial's dividend payout ratio (DPR) is presently 17.91%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AMP shares. Piper Sandler upped their price objective on shares of Ameriprise Financial from $415.00 to $442.00 and gave the stock an "underweight" rating in a report on Friday, January 31st. Keefe, Bruyette & Woods upped their price objective 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. Royal Bank of Canada restated an "outperform" rating and set a $625.00 price objective on shares of Ameriprise Financial in a report on Monday, February 3rd. Finally, UBS Group downgraded shares of Ameriprise Financial from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $580.00 to $570.00 in a report on Monday, January 6th. One investment 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's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $510.44.

Insider Buying and Selling

In related news, Director Robert Francis Sharpe, Jr. sold 1,000 shares of the firm's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $523.12, for a total transaction of $523,120.00. Following the completion of the sale, the director now 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 SEC, which is accessible through this link. Also, CEO William F. Truscott sold 6,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 14,023 shares of the company's stock, valued at $7,576,486.67. This represents a 29.97 % decrease in their position. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by corporate 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.