Teachers Retirement System of The State of Kentucky Decreases Position in Ameriprise Financial, Inc. (NYSE:AMP)

Teachers Retirement System of The State of Kentucky lowered its stake in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 7.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,422 shares of the financial services provider's stock after selling 6,726 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.08% of Ameriprise Financial worth $43,351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in AMP. TCTC Holdings LLC acquired a new position in shares of Ameriprise Financial during the 4th quarter worth about $26,000. Whipplewood Advisors LLC acquired a new position in Ameriprise Financial in the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC purchased a new position in Ameriprise Financial in the fourth quarter valued at approximately $28,000. Wingate Wealth Advisors Inc. purchased a new position in Ameriprise Financial in the fourth quarter valued at approximately $30,000. Finally, Sound Income Strategies LLC acquired a new stake in Ameriprise Financial during the fourth quarter worth approximately $36,000. Hedge funds and other institutional investors own 83.95% of the company's stock.

Insider Activity at Ameriprise Financial

In other Ameriprise Financial 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 value of $523,120.00. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed 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 transaction of $3,241,740.00. Following the sale, the chief executive officer now owns 14,023 shares in the company, valued at $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. Insiders sold a total of 11,636 shares of company stock worth $6,263,989 over the last 90 days. Company insiders own 0.73% of the company's stock.

Ameriprise Financial Stock Performance

Shares of NYSE:AMP traded up $3.91 during trading on Wednesday, reaching $471.56. The company had a trading volume of 909,134 shares, compared to its average volume of 491,151. Ameriprise Financial, Inc. has a fifty-two week low of $385.74 and a fifty-two week high of $582.05. 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 stock's fifty day moving average price is $489.94 and its 200 day moving average price is $522.27. The firm has a market capitalization of $45.18 billion, a price-to-earnings ratio of 14.26, a price-to-earnings-growth ratio of 1.15 and a beta of 1.23.

Ameriprise Financial (NYSE:AMP - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $9.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.16 by $0.20. Ameriprise Financial had a net margin of 19.70% and a return on equity of 69.35%. As a group, equities research analysts predict that Ameriprise Financial, Inc. will post 38.64 EPS for the current year.

Ameriprise Financial Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Morgan Stanley increased their target price 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, March 4th. Keefe, Bruyette & Woods dropped their price objective on Ameriprise Financial from $570.00 to $520.00 and set a "market perform" rating on the stock in a report on Wednesday, April 9th. Raymond James raised Ameriprise Financial from a "market perform" rating to a "strong-buy" rating and set a $518.00 target price for the company in a report on Monday, April 7th. UBS Group downgraded Ameriprise Financial from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $580.00 to $570.00 in a research note on Monday, January 6th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $625.00 price objective on shares of Ameriprise Financial in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Ameriprise Financial currently has a consensus rating of "Hold" and a consensus target price of $517.44.

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.