Unigestion Holding SA Sells 1,012 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Unigestion Holding SA trimmed its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 22.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,424 shares of the financial services provider's stock after selling 1,012 shares during the quarter. Unigestion Holding SA's holdings in Ameriprise Financial were worth $1,823,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Howard Capital Management Group LLC grew its position in Ameriprise Financial by 11.1% in the third quarter. Howard Capital Management Group LLC now owns 1,787 shares of the financial services provider's stock valued at $840,000 after acquiring an additional 178 shares during the period. Verition Fund Management LLC boosted its stake in shares of Ameriprise Financial by 22.5% in the 3rd quarter. Verition Fund Management LLC now owns 3,760 shares of the financial services provider's stock valued at $1,766,000 after purchasing an additional 690 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in shares of Ameriprise Financial by 1,261.6% in the 3rd quarter. Benjamin Edwards Inc. now owns 1,171 shares of the financial services provider's stock worth $550,000 after purchasing an additional 1,085 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Ameriprise Financial by 2.9% during the 3rd quarter. Janus Henderson Group PLC now owns 11,524 shares of the financial services provider's stock worth $5,416,000 after purchasing an additional 324 shares in the last quarter. Finally, IHT Wealth Management LLC lifted its holdings in Ameriprise Financial by 71.4% during the 3rd quarter. IHT Wealth Management LLC now owns 1,047 shares of the financial services provider's stock valued at $493,000 after purchasing an additional 436 shares during the last quarter. 83.95% of the stock is currently owned by institutional investors.

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Insider Transactions at Ameriprise Financial

In related news, insider Joseph Edward Sweeney sold 4,636 shares of Ameriprise Financial stock in a transaction that occurred on 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 transaction, the insider now owns 7,237 shares of the company's stock, valued at $3,901,249.59. This trade represents a 39.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Francis Sharpe, Jr. sold 1,000 shares of the business's stock in a transaction that occurred on 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 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 have sold 11,636 shares of company stock worth $6,263,989 in the last three months. Insiders own 0.73% of the company's stock.

Ameriprise Financial Trading Up 2.5 %

NYSE:AMP traded up $11.58 on Friday, hitting $468.10. 273,381 shares of the stock were exchanged, compared to its average volume of 495,096. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.59 and a current ratio of 0.59. Ameriprise Financial, Inc. has a 52 week low of $385.74 and a 52 week high of $582.05. The stock has a market capitalization of $44.99 billion, a price-to-earnings ratio of 14.03, a P/E/G ratio of 1.15 and a beta of 1.23. The company's 50-day moving average price is $502.39 and its 200 day moving average price is $523.02.

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 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%. On average, equities research analysts forecast that Ameriprise Financial, Inc. will post 38.64 earnings per share for the current year.

Ameriprise Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 10th were paid a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date was Monday, February 10th. Ameriprise Financial's dividend payout ratio (DPR) is currently 17.91%.

Wall Street Analyst Weigh In

AMP has been the topic of several research analyst reports. Piper Sandler upped their price objective on shares of Ameriprise Financial from $415.00 to $442.00 and gave the stock an "underweight" rating in a research note on Friday, January 31st. Raymond James raised Ameriprise Financial from a "market perform" rating to a "strong-buy" rating and set a $518.00 price target for the company in a report on Monday. Royal Bank of Canada reissued an "outperform" rating and issued a $625.00 price objective on shares of Ameriprise Financial in a research note on Monday, February 3rd. UBS Group cut Ameriprise Financial from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $580.00 to $570.00 in a report on Monday, January 6th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Ameriprise Financial from $570.00 to $520.00 and set a "market perform" rating on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Ameriprise Financial presently has a consensus rating of "Hold" and a consensus target price of $510.20.

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.