APG Asset Management N.V. Makes New $27.46 Million Investment in Ameriprise Financial, Inc. (NYSE:AMP)

APG Asset Management N.V. bought a new position in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 53,400 shares of the financial services provider's stock, valued at approximately $27,457,000. APG Asset Management N.V. owned 0.06% of Ameriprise Financial as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of AMP. Norges Bank bought a new position in Ameriprise Financial during the fourth quarter valued at approximately $689,272,000. JPMorgan Chase & Co. grew its holdings in shares of Ameriprise Financial by 12.1% in the fourth quarter. JPMorgan Chase & Co. now owns 4,801,913 shares of the financial services provider's stock valued at $2,556,683,000 after purchasing an additional 516,437 shares in the last quarter. Proficio Capital Partners LLC increased its position in Ameriprise Financial by 79,679.4% in the fourth quarter. Proficio Capital Partners LLC now owns 371,772 shares of the financial services provider's stock worth $197,943,000 after purchasing an additional 371,306 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Ameriprise Financial by 429.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 417,149 shares of the financial services provider's stock valued at $222,103,000 after purchasing an additional 338,298 shares in the last quarter. Finally, Amundi lifted its position in Ameriprise Financial by 48.0% during the fourth quarter. Amundi now owns 642,226 shares of the financial services provider's stock valued at $343,546,000 after purchasing an additional 208,195 shares during the last quarter. Hedge funds and other institutional investors own 83.95% of the company's stock.

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Insider Buying and Selling at Ameriprise Financial

In other news, insider Joseph Edward Sweeney sold 4,636 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $539.07, for a total transaction 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William F. Truscott sold 6,000 shares of the firm's 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 sale, the chief executive officer now owns 14,023 shares of the company's stock, valued at approximately $7,576,486.67. The trade was a 29.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,636 shares of company stock worth $6,263,989. Corporate insiders own 0.73% of the company's stock.

Ameriprise Financial Stock Up 1.4 %

Ameriprise Financial stock traded up $6.47 during trading hours on Tuesday, reaching $480.92. The stock had a trading volume of 95,896 shares, compared to its average volume of 494,050. Ameriprise Financial, Inc. has a 52 week low of $385.74 and a 52 week high of $582.05. The company has a market cap of $46.23 billion, a price-to-earnings ratio of 14.55, a PEG ratio of 1.15 and a beta of 1.23. 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 business's 50 day moving average price is $499.79 and its 200-day moving average price is $523.49.

Ameriprise Financial (NYSE:AMP - Get Free Report) last posted its earnings results on Wednesday, January 29th. The financial services provider reported $9.36 EPS for the quarter, topping the consensus estimate 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 year.

Ameriprise Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 10th were paid a $1.48 dividend. This represents a $5.92 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Monday, February 10th. Ameriprise Financial's dividend payout ratio is currently 17.91%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on AMP shares. Royal Bank of Canada restated an "outperform" rating and issued a $625.00 target price on shares of Ameriprise Financial in a report on Monday, February 3rd. Keefe, Bruyette & Woods reduced their price objective on Ameriprise Financial from $570.00 to $520.00 and set a "market perform" rating on the stock in a report on Wednesday, April 9th. Piper Sandler upped their target price on Ameriprise Financial from $415.00 to $442.00 and gave the stock an "underweight" rating in a report on Friday, January 31st. Morgan Stanley increased their price target 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. Finally, UBS Group downgraded Ameriprise Financial from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $580.00 to $570.00 in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Ameriprise Financial currently has an average rating of "Hold" and an average target price of $517.44.

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.