1,272 Shares in Ameriprise Financial, Inc. (NYSE:AMP) Purchased by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd bought a new stake in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,272 shares of the financial services provider's stock, valued at approximately $677,000.

A number of other institutional investors also recently modified their holdings of AMP. TCTC Holdings LLC purchased a new stake in shares of Ameriprise Financial during the fourth quarter worth $26,000. Whipplewood Advisors LLC purchased a new stake in shares of Ameriprise Financial during the 4th quarter worth about $28,000. Rialto Wealth Management LLC acquired a new stake in shares of Ameriprise Financial during the 4th quarter valued at about $28,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Ameriprise Financial in the 4th quarter valued at approximately $30,000. Finally, Sound Income Strategies LLC acquired a new stake in Ameriprise Financial in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 83.95% of the company's stock.

Ameriprise Financial Stock Performance

Ameriprise Financial stock traded up $7.76 during mid-day trading on Friday, reaching $464.28. The company had a trading volume of 249,302 shares, compared to its average volume of 495,010. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.01. The firm has a market cap of $44.63 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 1.15 and a beta of 1.23. The company has a 50 day moving average of $502.39 and a 200-day moving average of $523.02. Ameriprise Financial, Inc. has a 52 week low of $385.74 and a 52 week high of $582.05.

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Ameriprise Financial (NYSE:AMP - Get Free Report) last released its earnings results on Wednesday, January 29th. The financial services provider reported $9.36 earnings per share for the quarter, beating the consensus estimate of $9.16 by $0.20. Ameriprise Financial had a net margin of 19.70% and a return on equity of 69.35%. On average, sell-side analysts expect that Ameriprise Financial, Inc. will post 38.64 EPS for the current fiscal year.

Ameriprise Financial Announces Dividend

The company 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 1.28%. The ex-dividend date was Monday, February 10th. Ameriprise Financial's dividend payout ratio is presently 17.91%.

Insider Activity at Ameriprise Financial

In related news, Director Robert Francis Sharpe, Jr. sold 1,000 shares of the company's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $523.12, for a total value of $523,120.00. Following the sale, the director now owns 10,000 shares of the company's stock, valued at $5,231,200. The trade was a 9.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Joseph Edward Sweeney sold 4,636 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was 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. This represents a 39.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,636 shares of company stock worth $6,263,989. 0.73% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AMP has been the topic of several analyst reports. Royal Bank of Canada restated an "outperform" rating and set a $625.00 price target on shares of Ameriprise Financial in a research note on Monday, February 3rd. Raymond James upgraded Ameriprise Financial from a "market perform" rating to a "strong-buy" rating and set a $518.00 target price on the stock in a report on Monday. Piper Sandler upped their price target on Ameriprise Financial from $415.00 to $442.00 and gave the stock an "underweight" rating in a research note on Friday, January 31st. UBS Group cut Ameriprise Financial from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $580.00 to $570.00 in a research report on Monday, January 6th. Finally, Morgan Stanley lifted their price target 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Ameriprise Financial currently has a consensus rating of "Hold" and an average target price of $510.20.

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.