Ameriprise Financial (NYSE:AMP) Shares Acquired Rep. Greg Landsman

Representative Greg Landsman (D-Ohio) recently bought shares of Ameriprise Financial, Inc. NYSE: AMP. In a filing disclosed on December 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in Ameriprise Financial stock on November 8th. The trade occurred in the Representative's "ROCKEFELLER CAPITAL MANAGEMENT (1)" account.

Representative Greg Landsman also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Eli Lilly and Company NYSE: LLY on 11/8/2024.
• Purchased $1,001 - $15,000 in shares of United Rentals NYSE: URI on 11/8/2024.
• Sold $15,001 - $50,000 in shares of Amazon.com NASDAQ: AMZN on 10/15/2024.
• Sold $15,001 - $50,000 in shares of Exxon Mobil NYSE: XOM on 10/15/2024.
• Sold $1,001 - $15,000 in shares of Pfizer NYSE: PFE on 10/15/2024.
• Sold $1,001 - $15,000 in shares of Cheniere Energy NYSE: LNG on 10/15/2024.
• Sold $15,001 - $50,000 in shares of Phillips 66 NYSE: PSX on 10/15/2024.
• Sold $15,001 - $50,000 in shares of Diamondback Energy NASDAQ: FANG on 10/15/2024.
• Sold $1,001 - $15,000 in shares of NextEra Energy NYSE: NEE on 10/15/2024.
• Sold $1,001 - $15,000 in shares of Linde NASDAQ: LIN on 10/15/2024.

Ameriprise Financial Trading Up 0.4 %

Shares of AMP stock traded up $1.93 on Friday, hitting $549.76. 401,759 shares of the company's stock traded hands, compared to its average volume of 470,947. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market capitalization of $53.33 billion, a price-to-earnings ratio of 21.10, a P/E/G ratio of 0.96 and a beta of 1.34. The company's fifty day simple moving average is $538.41 and its 200 day simple moving average is $471.41. Ameriprise Financial, Inc. has a one year low of $368.41 and a one year high of $577.00.

Ameriprise Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Monday, November 4th. Ameriprise Financial's dividend payout ratio (DPR) is presently 22.73%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on AMP shares. UBS Group increased their price target on shares of Ameriprise Financial from $490.00 to $555.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. Morgan Stanley increased their target price on shares of Ameriprise Financial from $440.00 to $502.00 and gave the stock an "equal weight" rating in a report on Thursday, October 17th. The Goldman Sachs Group downgraded Ameriprise Financial from a "buy" rating to a "neutral" rating and reduced their price target for the company from $485.00 to $476.00 in a report on Thursday, September 26th. Keefe, Bruyette & Woods increased their price objective on Ameriprise Financial from $475.00 to $510.00 and gave the stock a "market perform" rating in a report on Tuesday, October 29th. Finally, Royal Bank of Canada boosted their target price on Ameriprise Financial from $535.00 to $550.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $487.67.

Insider Buying and Selling at Ameriprise Financial

In related news, CFO Walter Stanley Berman sold 8,655 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $564.16, for a total value of $4,882,804.80. Following the transaction, the chief financial officer now directly owns 6,409 shares of the company's stock, valued at approximately $3,615,701.44. This represents a 57.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Joseph Edward Sweeney sold 10,735 shares of the company's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $549.68, for a total value of $5,900,814.80. Following the transaction, the insider now directly owns 5,811 shares in the company, valued at approximately $3,194,190.48. The trade was a 64.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,715 shares of company stock worth $11,983,436. 0.73% of the stock is owned by insiders.

Institutional Investors Weigh In On Ameriprise Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its position in Ameriprise Financial by 23.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 29,529 shares of the financial services provider's stock valued at $12,615,000 after acquiring an additional 5,692 shares during the period. ORG Partners LLC purchased a new position in shares of Ameriprise Financial during the second quarter valued at approximately $205,000. Baader Bank Aktiengesellschaft bought a new stake in shares of Ameriprise Financial in the 2nd quarter worth approximately $256,000. Assenagon Asset Management S.A. grew its stake in shares of Ameriprise Financial by 390.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 57,060 shares of the financial services provider's stock worth $24,375,000 after buying an additional 45,420 shares during the last quarter. Finally, Portside Wealth Group LLC increased its position in Ameriprise Financial by 3.7% during the 2nd quarter. Portside Wealth Group LLC now owns 697 shares of the financial services provider's stock valued at $298,000 after buying an additional 25 shares in the last quarter. 83.95% of the stock is owned by hedge funds and other institutional investors.

About Representative Landsman

Greg Landsman (Democratic Party) is a member of the U.S. House, representing Ohio's 1st Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2025. Landsman is also a member of the Cincinnati City Council in Ohio. He assumed office on January 2, 2018. His current term ends on January 1, 2024. Landsman (Democratic Party) is running for re-election to the U.S. House to represent Ohio's 1st Congressional District. He declared candidacy for the 2024 election. Greg Landsman was born in Cincinnati, Ohio, and lives in Mt. Washington, Ohio. Landsman earned a B.A. in economics and political science from Ohio University and an M.A. in theological studies, religion, and public policy from Harvard University in 2004. His career experience includes working as the executive director of The Strive Partnership with the KnowledgeWorks Foundation and the director of the Ohio Governor's Office of Faith-Based and Community Initiatives.

Ameriprise Financial Company 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.