Ameriprise Financial, Inc. (NYSE:AMP) Shares Sold by Sienna Gestion

Sienna Gestion lowered its holdings in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,960 shares of the financial services provider's stock after selling 1,410 shares during the quarter. Ameriprise Financial accounts for about 1.1% of Sienna Gestion's holdings, making the stock its 18th biggest position. Sienna Gestion's holdings in Ameriprise Financial were worth $15,949,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its holdings in Ameriprise Financial by 24.3% in the fourth quarter. Jones Financial Companies Lllp now owns 1,674 shares of the financial services provider's stock valued at $891,000 after acquiring an additional 327 shares during the period. Czech National Bank raised its stake in shares of Ameriprise Financial by 5.2% during the 4th quarter. Czech National Bank now owns 21,035 shares of the financial services provider's stock worth $11,200,000 after buying an additional 1,033 shares during the last quarter. Empowered Funds LLC raised its stake 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 during the last quarter. Bridgewater Associates LP raised its stake in shares of Ameriprise Financial by 97.8% during the 3rd quarter. Bridgewater Associates LP now owns 50,510 shares of the financial services provider's stock worth $23,730,000 after buying an additional 24,968 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Ameriprise Financial during the 4th quarter worth $43,000. Institutional investors and hedge funds own 83.95% of the company's stock.

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Analyst Upgrades and Downgrades

AMP has been the subject of several research reports. Keefe, Bruyette & Woods lifted their price target on Ameriprise Financial from $560.00 to $570.00 and gave the stock a "market perform" rating in a research note on Monday, February 3rd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $625.00 price target on shares of Ameriprise Financial in a research note on Monday, February 3rd. Morgan Stanley lifted their price target on Ameriprise Financial from $507.00 to $542.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 4th. UBS Group downgraded Ameriprise Financial from a "buy" rating to a "neutral" rating and cut their price target for the stock from $580.00 to $570.00 in a research note on Monday, January 6th. Finally, Piper Sandler lifted their price target on Ameriprise Financial from $415.00 to $442.00 and gave the stock an "underweight" rating in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus 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 dated Wednesday, February 19th. The shares were sold at an average price of $539.07, for a total transaction of $2,499,128.52. Following the completion of the transaction, the insider now owns 7,237 shares of the company's stock, valued at $3,901,249.59. This represents a 39.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert Francis Sharpe, Jr. sold 1,000 shares of the company's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $523.12, for a total transaction of $523,120.00. Following the transaction, the director now directly owns 10,000 shares of the company's stock, valued at approximately $5,231,200. This represents a 9.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,636 shares of company stock valued at $6,263,989 in the last 90 days. 0.73% of the stock is currently owned by insiders.

Ameriprise Financial Trading Down 0.8 %

NYSE:AMP traded down $3.70 on Tuesday, reaching $489.01. The stock had a trading volume of 513,125 shares, compared to its average volume of 458,993. The company has a market cap of $47.00 billion, a price-to-earnings ratio of 14.79, a P/E/G ratio of 1.15 and a beta of 1.33. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.59 and a quick ratio of 0.59. The firm's fifty day moving average is $530.81 and its two-hundred day moving average is $519.99. Ameriprise Financial, Inc. has a 12-month low of $385.74 and a 12-month high of $582.05.

Ameriprise Financial (NYSE:AMP - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $9.36 EPS for the quarter, beating analysts' consensus estimates of $9.16 by $0.20. Ameriprise Financial had a net margin of 19.70% and a return on equity of 69.35%. Equities analysts expect that Ameriprise Financial, Inc. will post 38.64 EPS for the current fiscal year.

Ameriprise Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 10th were paid a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Monday, February 10th. Ameriprise Financial's dividend payout ratio is currently 17.91%.

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.