Ameriprise Financial, Inc. (NYSE:AMP) Position Boosted by Schroder Investment Management Group

Schroder Investment Management Group boosted its holdings in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 78,263 shares of the financial services provider's stock after purchasing an additional 908 shares during the period. Schroder Investment Management Group owned about 0.08% of Ameriprise Financial worth $41,522,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of AMP. Allianz SE acquired a new position in Ameriprise Financial during the 4th quarter worth $138,000. OneAscent Wealth Management LLC lifted its position in shares of Ameriprise Financial by 34.1% during the fourth quarter. OneAscent Wealth Management LLC now owns 677 shares of the financial services provider's stock worth $360,000 after purchasing an additional 172 shares during the last quarter. Allstate Corp acquired a new position in Ameriprise Financial in the fourth quarter worth about $1,537,000. Brown Brothers Harriman & Co. increased its holdings in Ameriprise Financial by 8.9% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,554 shares of the financial services provider's stock valued at $827,000 after buying an additional 127 shares during the last quarter. Finally, DnB Asset Management AS increased its holdings in Ameriprise Financial by 4.4% in the fourth quarter. DnB Asset Management AS now owns 18,687 shares of the financial services provider's stock valued at $9,950,000 after buying an additional 781 shares during the last quarter. Institutional investors and hedge funds own 83.95% of the company's stock.

Ameriprise Financial Stock Performance

NYSE:AMP traded down $34.20 during mid-day trading on Friday, hitting $421.61. The stock had a trading volume of 828,088 shares, compared to its average volume of 487,261. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.01. The company has a 50 day simple moving average of $515.46 and a 200-day simple moving average of $523.50. The stock has a market capitalization of $40.52 billion, a price-to-earnings ratio of 12.75, 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.

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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 for the quarter, beating 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%. On average, research analysts expect that Ameriprise Financial, Inc. will post 38.64 earnings per share for the current fiscal year.

Ameriprise Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 10th were given a dividend of $1.48 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $5.92 dividend on an annualized basis and a yield of 1.40%. Ameriprise Financial's dividend payout ratio (DPR) is presently 17.91%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AMP. 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. Morgan Stanley lifted their price objective on shares of Ameriprise Financial from $507.00 to $542.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 4th. 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. UBS Group lowered shares of Ameriprise Financial from a "buy" rating to a "neutral" rating and decreased their price target for the company from $580.00 to $570.00 in a report on Monday, January 6th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $625.00 price objective on shares of Ameriprise Financial in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $514.89.

Insider Activity

In other news, insider Joseph Edward Sweeney sold 4,636 shares of the company's stock in a transaction that occurred 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 directly owns 7,237 shares of the company's stock, valued at approximately $3,901,249.59. This represents a 39.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO William F. Truscott sold 6,000 shares of the stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $540.29, for a total value of $3,241,740.00. Following the transaction, the chief executive officer now directly 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,636 shares of company stock valued at $6,263,989. Company insiders own 0.73% of the company's stock.

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.