Ameriprise Financial, Inc. (NYSE:AMP) Shares Sold by Aviva PLC

Aviva PLC trimmed its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 32.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,230 shares of the financial services provider's stock after selling 28,236 shares during the period. Aviva PLC owned about 0.06% of Ameriprise Financial worth $31,536,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Morgan Stanley lifted their price objective 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. Royal Bank of Canada reissued an "outperform" rating and issued a $625.00 price target on shares of Ameriprise Financial in a report on Monday, February 3rd. Piper Sandler upped their price objective on Ameriprise Financial from $415.00 to $442.00 and gave the company an "underweight" rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods dropped their price objective on Ameriprise Financial from $570.00 to $520.00 and set a "market perform" rating for the company in a research report on Wednesday. Finally, UBS Group lowered shares of Ameriprise Financial from a "buy" rating to a "neutral" rating and reduced their target price 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, five have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Ameriprise Financial presently has a consensus rating of "Hold" and an average price target of $510.20.

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Insiders Place Their Bets

In other news, insider Joseph Edward Sweeney sold 4,636 shares of the business's stock in a transaction on 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 directly 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert Francis Sharpe, Jr. sold 1,000 shares of the firm's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $523.12, for a total transaction of $523,120.00. Following the sale, the director now directly owns 10,000 shares of the company's stock, valued at approximately $5,231,200. The trade was a 9.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,636 shares of company stock worth $6,263,989 in the last 90 days. 0.73% of the stock is owned by company insiders.

Ameriprise Financial Trading Up 1.4 %

Ameriprise Financial stock traded up $6.40 during trading on Friday, reaching $462.92. The company had a trading volume of 175,692 shares, compared to its average volume of 494,770. The firm has a market capitalization of $44.49 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 1.15 and a beta of 1.23. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.59 and a current ratio of 0.59. The stock's 50 day moving average price is $502.39 and its two-hundred day moving average price is $523.02. 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 results on Wednesday, January 29th. The financial services provider reported $9.36 EPS 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%. As a group, equities analysts expect that Ameriprise Financial, Inc. will post 38.64 earnings per share for the current fiscal year.

Ameriprise Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 10th were given a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Monday, February 10th. Ameriprise Financial's dividend payout ratio (DPR) is presently 17.91%.

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.