J. Safra Sarasin Holding AG Sells 1,474 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

J. Safra Sarasin Holding AG lessened its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 65,913 shares of the financial services provider's stock after selling 1,474 shares during the period. J. Safra Sarasin Holding AG owned about 0.07% of Ameriprise Financial worth $35,094,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. TD Waterhouse Canada Inc. increased its holdings in shares of Ameriprise Financial by 2.1% in the 4th quarter. TD Waterhouse Canada Inc. now owns 8,637 shares of the financial services provider's stock valued at $4,599,000 after purchasing an additional 178 shares during the period. Tower Research Capital LLC TRC grew its position in Ameriprise Financial by 99.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,662 shares of the financial services provider's stock valued at $3,547,000 after purchasing an additional 3,325 shares in the last quarter. Transce3nd LLC acquired a new position in Ameriprise Financial in the 4th quarter valued at approximately $192,000. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Ameriprise Financial by 8.5% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,678 shares of the financial services provider's stock valued at $3,556,000 after acquiring an additional 523 shares in the last quarter. Finally, Norinchukin Bank The increased its stake in shares of Ameriprise Financial by 9.0% in the fourth quarter. Norinchukin Bank The now owns 4,516 shares of the financial services provider's stock worth $2,404,000 after acquiring an additional 372 shares during the last quarter. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Ameriprise Financial Stock Performance

AMP stock traded up $3.91 during mid-day trading on Wednesday, reaching $471.56. 909,134 shares of the stock traded hands, compared to its average volume of 491,151. 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 business has a 50-day moving average of $489.94 and a two-hundred day moving average of $522.27. The firm has a market capitalization of $45.18 billion, a PE ratio of 14.26, a P/E/G ratio of 1.15 and a beta of 1.23. Ameriprise Financial, Inc. has a 52 week low of $385.74 and a 52 week high of $582.05.

Ameriprise Financial (NYSE:AMP - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $9.36 EPS for the quarter, topping 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%. As a group, equities analysts predict that Ameriprise Financial, Inc. will post 38.64 EPS for the current fiscal year.

Ameriprise Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 10th were paid a $1.48 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.26%. Ameriprise Financial's payout ratio is 17.91%.

Insider Activity

In other news, Director Robert Francis Sharpe, Jr. sold 1,000 shares of the stock in a transaction 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 sale, the director now owns 10,000 shares in the company, valued at approximately $5,231,200. This represents a 9.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,636 shares of company stock worth $6,263,989. 0.73% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on AMP. Royal Bank of Canada restated 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 reduced their price target on Ameriprise Financial from $570.00 to $520.00 and set a "market perform" rating for the company in a report on Wednesday, April 9th. UBS Group downgraded Ameriprise Financial from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $580.00 to $570.00 in a report on Monday, January 6th. Piper Sandler lifted their target price on shares of Ameriprise Financial from $415.00 to $442.00 and gave the company an "underweight" rating in a research note on Friday, January 31st. Finally, Raymond James upgraded shares of Ameriprise Financial from a "market perform" rating to a "strong-buy" rating and set a $518.00 price target on the stock in a research note on Monday, April 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $517.44.

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.