Prudent Man Advisors LLC Has $1.56 Million Stake in Ameriprise Financial, Inc. (NYSE:AMP)

Prudent Man Advisors LLC reduced its position in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 18.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,933 shares of the financial services provider's stock after selling 661 shares during the period. Prudent Man Advisors LLC's holdings in Ameriprise Financial were worth $1,562,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Metis Global Partners LLC boosted its holdings in Ameriprise Financial by 25.5% in the 4th quarter. Metis Global Partners LLC now owns 4,322 shares of the financial services provider's stock worth $2,301,000 after acquiring an additional 879 shares during the period. US Bancorp DE grew its position in shares of Ameriprise Financial by 0.8% during the fourth quarter. US Bancorp DE now owns 95,582 shares of the financial services provider's stock worth $50,891,000 after buying an additional 739 shares in the last quarter. Fisher Asset Management LLC acquired a new position in Ameriprise Financial during the 4th quarter worth $214,000. WR Wealth Planners LLC increased its holdings in Ameriprise Financial by 23.7% in the fourth quarter. WR Wealth Planners LLC now owns 146 shares of the financial services provider's stock valued at $78,000 after buying an additional 28 shares during the last quarter. Finally, Bank OZK raised its stake in Ameriprise Financial by 11.0% during the fourth quarter. Bank OZK now owns 4,491 shares of the financial services provider's stock valued at $2,391,000 after buying an additional 445 shares in the last quarter. 83.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, 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 value of $2,499,128.52. Following the sale, the insider now directly owns 7,237 shares of the company's stock, valued at approximately $3,901,249.59. This trade represents a 39.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert Francis Sharpe, Jr. sold 1,000 shares of the business's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $523.12, for a total value of $523,120.00. Following the transaction, the director now directly owns 10,000 shares of the company's stock, valued at $5,231,200. This represents a 9.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,636 shares of company stock valued at $6,263,989 over the last 90 days. 0.73% of the stock is currently owned by company insiders.

Ameriprise Financial Stock Up 2.3 %

AMP traded up $11.40 during trading on Wednesday, reaching $509.57. 766,853 shares of the stock traded hands, compared to its average volume of 458,999. The stock's 50-day simple moving average is $538.97 and its two-hundred day simple moving average is $516.74. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.59 and a quick 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 has a market cap of $48.98 billion, a price-to-earnings ratio of 15.41, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36.

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

Ameriprise Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders 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 annualized dividend and a yield of 1.16%. Ameriprise Financial's dividend payout ratio (DPR) is presently 17.91%.

Wall Street Analyst Weigh In

AMP has been the subject of several research reports. Piper Sandler lifted their target price on Ameriprise Financial from $415.00 to $442.00 and gave the stock an "underweight" rating in a research report on Friday, January 31st. UBS Group downgraded shares of Ameriprise Financial from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $580.00 to $570.00 in a report on Monday, January 6th. Keefe, Bruyette & Woods increased their target price on shares of Ameriprise Financial from $560.00 to $570.00 and gave the stock a "market perform" rating in a report on Monday, February 3rd. Royal Bank of Canada restated an "outperform" rating and issued a $625.00 price target on shares of Ameriprise Financial in a research report on Monday, February 3rd. Finally, Morgan Stanley boosted their price objective 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $514.89.

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.