Wilmington Savings Fund Society FSB grew its position in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 18.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,936 shares of the financial services provider's stock after purchasing an additional 922 shares during the period. Wilmington Savings Fund Society FSB's holdings in Ameriprise Financial were worth $3,161,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the stock. Oakworth Capital Inc. bought a new position in Ameriprise Financial in the 3rd quarter worth about $31,000. Sound Income Strategies LLC purchased a new position in shares of Ameriprise Financial during the fourth quarter valued at $36,000. Golden State Wealth Management LLC acquired a new stake in Ameriprise Financial in the fourth quarter worth about $38,000. Albion Financial Group UT acquired a new stake in shares of Ameriprise Financial during the fourth quarter worth about $46,000. Finally, Peterson Financial Group Inc. purchased a new stake in shares of Ameriprise Financial in the third quarter valued at approximately $45,000. Hedge funds and other institutional investors own 83.95% of the company's stock.
Insider Buying and Selling 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 transaction of $3,241,740.00. Following the completion of the transaction, the chief executive officer now directly owns 14,023 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.73% of the company's stock.
Ameriprise Financial Stock Performance
Shares of AMP stock traded down $2.00 on Wednesday, hitting $526.80. The company's stock had a trading volume of 665,119 shares, compared to its average volume of 527,029. The company has a market capitalization of $51.11 billion, a PE ratio of 15.93, a PEG ratio of 1.18 and a beta of 1.36. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.65 and a current ratio of 0.59. Ameriprise Financial, Inc. has a fifty-two week low of $385.74 and a fifty-two week high of $582.05. The stock's 50 day moving average is $542.68 and its 200-day moving average is $504.00.
Ameriprise Financial (NYSE:AMP - Get Free Report) last announced its quarterly earnings results 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 research analysts expect that Ameriprise Financial, Inc. will post 38.55 earnings per share for the current fiscal year.
Ameriprise Financial Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 10th will be given a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Monday, February 10th. Ameriprise Financial's payout ratio is currently 17.91%.
Wall Street Analyst Weigh In
Several brokerages have recently commented on AMP. Keefe, Bruyette & Woods upped their price target on Ameriprise Financial from $560.00 to $570.00 and gave the company a "market perform" rating in a research note on Monday, February 3rd. Morgan Stanley lifted their price objective on Ameriprise Financial from $440.00 to $502.00 and gave the company an "equal weight" rating in a report on Thursday, October 17th. Royal Bank of Canada reissued an "outperform" rating and set a $625.00 price target on shares of Ameriprise Financial in a research note on Monday, February 3rd. UBS Group downgraded Ameriprise Financial from a "buy" rating to a "neutral" rating and cut their price target for the company from $580.00 to $570.00 in a report on Monday, January 6th. Finally, Piper Sandler upped their price target on shares of Ameriprise Financial from $415.00 to $442.00 and gave the stock an "underweight" rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $510.44.
Check Out Our Latest Report on AMP
About Ameriprise Financial
(
Free Report)
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.
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