600 Shares in Ameriprise Financial, Inc. (NYSE:AMP) Bought by Authentikos Wealth Advisory LLC

Authentikos Wealth Advisory LLC purchased a new stake in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 600 shares of the financial services provider's stock, valued at approximately $319,000.

Other hedge funds have also modified their holdings of the company. Brookstone Capital Management acquired a new stake in Ameriprise Financial in the third quarter worth $226,000. Ritholtz Wealth Management increased its position in shares of Ameriprise Financial by 11.7% in the 3rd quarter. Ritholtz Wealth Management now owns 1,964 shares of the financial services provider's stock valued at $922,000 after buying an additional 206 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of Ameriprise Financial in the 3rd quarter valued at $108,000. Armstrong Advisory Group Inc. raised its stake in Ameriprise Financial by 16.7% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 265 shares of the financial services provider's stock worth $124,000 after buying an additional 38 shares during the period. Finally, Paladin Wealth LLC bought a new position in Ameriprise Financial during the third quarter worth about $144,000. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Ameriprise Financial news, Director Robert Francis Sharpe, Jr. sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $523.12, for a total transaction of $523,120.00. Following the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William F. Truscott sold 6,000 shares of the company'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 value of $3,241,740.00. Following the completion of the sale, the chief executive officer now owns 14,023 shares in the company, 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 owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. UBS Group cut shares of Ameriprise Financial from a "buy" rating to a "neutral" rating and reduced their price target for the company from $580.00 to $570.00 in a report on Monday, January 6th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $625.00 target price on shares of Ameriprise Financial in a research note on Monday, February 3rd. Keefe, Bruyette & Woods increased their target price on Ameriprise Financial from $560.00 to $570.00 and gave the stock a "market perform" rating in a report on Monday, February 3rd. Finally, Piper Sandler boosted their price target on Ameriprise Financial from $415.00 to $442.00 and gave the company an "underweight" rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Ameriprise Financial currently has an average rating of "Hold" and an average price target of $510.44.

Ameriprise Financial Stock Up 1.3 %

Shares of NYSE AMP traded up $6.95 during mid-day trading on Friday, hitting $546.69. The company had a trading volume of 1,097,325 shares, compared to its average volume of 519,101. The company has a current ratio of 0.59, a quick ratio of 0.65 and a debt-to-equity ratio of 1.01. The firm has a 50-day simple moving average of $541.20 and a two-hundred day simple moving average of $505.21. The company has a market capitalization of $53.03 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 1.18 and a beta of 1.36. Ameriprise Financial, Inc. has a one year low of $385.74 and a one year high of $582.05.

Ameriprise Financial (NYSE:AMP - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $9.36 earnings per share 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%. On average, equities analysts expect that Ameriprise Financial, Inc. will post 38.55 EPS for the current year.

Ameriprise Financial Announces Dividend

The company also recently announced 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 of this dividend is Monday, February 10th. This represents a $5.92 dividend on an annualized basis and a yield of 1.08%. Ameriprise Financial's payout ratio is 17.91%.

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.