New York State Teachers Retirement System decreased its position in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 3.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 95,417 shares of the financial services provider's stock after selling 3,530 shares during the quarter. New York State Teachers Retirement System owned 0.10% of Ameriprise Financial worth $50,803,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of Ameriprise Financial by 9.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,285,476 shares of the financial services provider's stock worth $2,013,359,000 after buying an additional 358,699 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in Ameriprise Financial by 429.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 417,149 shares of the financial services provider's stock worth $222,103,000 after purchasing an additional 338,298 shares during the period. Assenagon Asset Management S.A. boosted its position in Ameriprise Financial by 816.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 219,180 shares of the financial services provider's stock worth $116,698,000 after acquiring an additional 195,271 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Ameriprise Financial by 144.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 243,385 shares of the financial services provider's stock worth $114,345,000 after buying an additional 143,648 shares during the last quarter. Finally, Maj Invest Holding A S boosted its holdings in shares of Ameriprise Financial by 67.5% in the 4th quarter. Maj Invest Holding A S now owns 352,095 shares of the financial services provider's stock valued at $187,466,000 after buying an additional 141,927 shares during the last quarter. 83.95% of the stock is owned by institutional investors.
Insider Transactions at Ameriprise Financial
In other news, Director Robert Francis Sharpe, Jr. sold 1,000 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was 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 owns 10,000 shares of the company's stock, valued at approximately $5,231,200. This represents a 9.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William F. Truscott sold 6,000 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The shares were 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 directly 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. Company insiders own 0.96% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods increased their price target on Ameriprise Financial from $560.00 to $570.00 and gave the company a "market perform" rating in a research note on Monday, February 3rd. UBS Group cut 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 report on Monday, January 6th. Piper Sandler boosted their price objective on shares of Ameriprise Financial from $415.00 to $442.00 and gave the company an "underweight" rating in a research report on Friday, January 31st. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $625.00 target price on shares of Ameriprise Financial in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $510.44.
View Our Latest Stock Report on Ameriprise Financial
Ameriprise Financial Stock Performance
NYSE AMP traded up $1.78 during trading on Wednesday, hitting $548.84. 447,313 shares of the company's stock traded hands, compared to its average volume of 557,325. The stock has a market capitalization of $53.24 billion, a price-to-earnings ratio of 16.60, a PEG ratio of 1.19 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 business has a 50 day moving average of $541.06 and a 200-day moving average of $508.17. 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 issued 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 return on equity of 69.35% and a net margin of 19.70%. As a group, equities research analysts anticipate that Ameriprise Financial, Inc. will post 38.55 earnings per share for the current fiscal year.
Ameriprise Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 10th will be given a $1.48 dividend. 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 payout ratio is presently 17.91%.
Ameriprise Financial Company Profile
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Free Report)
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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