Ameriprise Financial, Inc. (NYSE:AMP) Stake Lowered by Vinva Investment Management Ltd

Vinva Investment Management Ltd trimmed its position in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 32.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,647 shares of the financial services provider's stock after selling 1,261 shares during the period. Vinva Investment Management Ltd's holdings in Ameriprise Financial were worth $1,404,000 at the end of the most recent quarter.

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

Ameriprise Financial Price Performance

Shares of NYSE AMP traded up $3.86 during trading on Tuesday, hitting $512.01. The company had a trading volume of 433,390 shares, compared to its average volume of 458,993. The company has a market cap of $49.21 billion, a P/E ratio of 15.49, a PEG ratio of 1.15 and a beta of 1.33. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.59 and a current ratio of 0.59. The business's 50-day moving average is $527.84 and its 200 day moving average is $521.83. 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 announced its earnings results on Wednesday, January 29th. The financial services provider reported $9.36 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts predict that Ameriprise Financial, Inc. will post 38.64 earnings per share for the current fiscal year.

Ameriprise Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 10th were issued a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Monday, February 10th. Ameriprise Financial's payout ratio is 17.91%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods upped their price objective 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 reduced their price target for the stock from $580.00 to $570.00 in a research note on Monday, January 6th. Morgan Stanley raised their price objective on shares of Ameriprise Financial from $507.00 to $542.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 4th. Royal Bank of Canada restated an "outperform" rating and issued a $625.00 target price on shares of Ameriprise Financial in a research report on Monday, February 3rd. Finally, Piper Sandler lifted their price target on Ameriprise Financial from $415.00 to $442.00 and gave the company an "underweight" rating in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $514.89.

Insider Transactions at Ameriprise Financial

In other news, CEO William F. Truscott sold 6,000 shares of the firm's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $540.29, for a total value of $3,241,740.00. Following the completion of the sale, the chief executive officer now owns 14,023 shares of the company's stock, valued at $7,576,486.67. This trade represents a 29.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert Francis Sharpe, Jr. sold 1,000 shares of Ameriprise Financial stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $523.12, for a total value of $523,120.00. Following the transaction, the director now owns 10,000 shares in the company, valued at $5,231,200. This represents a 9.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,636 shares of company stock valued at $6,263,989 over the last ninety days. Corporate 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.