Boston Partners Sells 54,300 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Boston Partners cut its position in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 3.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,364,184 shares of the financial services provider's stock after selling 54,300 shares during the quarter. Ameriprise Financial comprises about 0.9% of Boston Partners' portfolio, making the stock its 20th biggest holding. Boston Partners owned approximately 1.41% of Ameriprise Financial worth $726,429,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Howard Capital Management Group LLC lifted its position in shares of Ameriprise Financial by 11.1% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,787 shares of the financial services provider's stock valued at $840,000 after acquiring an additional 178 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Ameriprise Financial during the 3rd quarter valued at $503,000. OneDigital Investment Advisors LLC lifted its position in shares of Ameriprise Financial by 0.7% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,513 shares of the financial services provider's stock valued at $1,650,000 after acquiring an additional 26 shares during the period. CIBC Asset Management Inc lifted its position in shares of Ameriprise Financial by 7.0% during the 3rd quarter. CIBC Asset Management Inc now owns 14,624 shares of the financial services provider's stock valued at $6,871,000 after acquiring an additional 958 shares during the period. Finally, Empowered Funds LLC raised its holdings in shares of Ameriprise Financial by 19.9% during the 3rd quarter. Empowered Funds LLC now owns 8,021 shares of the financial services provider's stock worth $3,768,000 after buying an additional 1,329 shares in the last quarter. 83.95% of the stock is currently owned by institutional investors.

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Ameriprise Financial Stock Up 0.1 %

Ameriprise Financial stock traded up $0.33 during mid-day trading on Friday, reaching $493.41. The stock had a trading volume of 1,409,453 shares, compared to its average volume of 459,068. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.59 and a current ratio of 0.59. Ameriprise Financial, Inc. has a fifty-two week low of $385.74 and a fifty-two week high of $582.05. The stock's 50-day simple moving average is $528.03 and its 200-day simple moving average is $520.24. The firm has a market capitalization of $47.43 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 1.15 and a beta of 1.33.

Ameriprise Financial (NYSE:AMP - Get Free Report) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $9.36 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts forecast that Ameriprise Financial, Inc. will post 38.64 EPS for the current fiscal year.

Ameriprise Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 10th were issued a dividend of $1.48 per share. The ex-dividend date was Monday, February 10th. This represents a $5.92 dividend on an annualized basis and a yield of 1.20%. Ameriprise Financial's dividend payout ratio (DPR) is currently 17.91%.

Insider Buying and Selling at Ameriprise Financial

In other Ameriprise Financial news, CEO William F. Truscott sold 6,000 shares of the business's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $540.29, for a total value of $3,241,740.00. Following the sale, the chief executive officer now directly owns 14,023 shares in the company, valued at $7,576,486.67. The trade was a 29.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 value of $2,499,128.52. Following the completion of the sale, the insider now owns 7,237 shares in the company, valued at approximately $3,901,249.59. The trade was a 39.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,636 shares of company stock worth $6,263,989 over the last ninety days. 0.73% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AMP shares. Piper Sandler boosted their price target 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 boosted their price target on Ameriprise Financial from $507.00 to $542.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 4th. UBS Group cut Ameriprise Financial from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $580.00 to $570.00 in a report on Monday, January 6th. Royal Bank of Canada reissued an "outperform" rating and set a $625.00 price target on shares of Ameriprise Financial in a report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods boosted their price target on Ameriprise Financial from $560.00 to $570.00 and gave the stock a "market perform" rating in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $514.89.

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.