XTX Topco Ltd Takes $1.19 Million Position in Ameriprise Financial, Inc. (NYSE:AMP)

XTX Topco Ltd bought a new position in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,241 shares of the financial services provider's stock, valued at approximately $1,193,000.

A number of other institutional investors have also modified their holdings of the stock. TCTC Holdings LLC bought a new position in Ameriprise Financial in the fourth quarter worth approximately $26,000. Whipplewood Advisors LLC purchased a new stake in shares of Ameriprise Financial in the 4th quarter worth $28,000. Rialto Wealth Management LLC bought a new position in shares of Ameriprise Financial during the 4th quarter worth $28,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Ameriprise Financial in the fourth quarter valued at about $30,000. Finally, Sound Income Strategies LLC purchased a new stake in Ameriprise Financial in the fourth quarter worth about $36,000. 83.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AMP. Royal Bank of Canada reiterated an "outperform" rating and set a $625.00 price objective on shares of Ameriprise Financial in a research note on Monday, February 3rd. Keefe, Bruyette & Woods decreased their price objective on Ameriprise Financial from $570.00 to $520.00 and set a "market perform" rating for the company in a research note on Wednesday, April 9th. UBS Group downgraded shares of Ameriprise Financial from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $580.00 to $570.00 in a report on Monday, January 6th. Raymond James raised shares of Ameriprise Financial from a "market perform" rating to a "strong-buy" rating and set a $518.00 price objective on the stock in a research report on Monday, April 7th. Finally, Piper Sandler raised their target price on shares of Ameriprise Financial from $415.00 to $442.00 and gave the company an "underweight" rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Ameriprise Financial has an average rating of "Hold" and an average price target of $517.44.

Ameriprise Financial Stock Performance

Ameriprise Financial stock traded up $1.35 during trading hours on Friday, hitting $464.57. 492,165 shares of the stock traded hands, compared to its average volume of 492,613. Ameriprise Financial, Inc. has a 1 year low of $385.74 and a 1 year high of $582.05. The stock has a market capitalization of $44.51 billion, a price-to-earnings ratio of 14.05, a P/E/G ratio of 1.15 and a beta of 1.23. 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 50 day moving average price is $494.40 and its 200-day moving average price is $523.25.

Ameriprise Financial (NYSE:AMP - Get Free Report) last posted its quarterly 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 net margin of 19.70% and a return on equity of 69.35%. As a group, 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 declared 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 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend was Monday, February 10th. Ameriprise Financial's payout ratio is presently 17.91%.

Insider Buying and Selling

In other news, insider Joseph Edward Sweeney sold 4,636 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $539.07, for a total value of $2,499,128.52. Following the completion of the sale, the insider now directly owns 7,237 shares in the company, valued at $3,901,249.59. The trade was a 39.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert Francis Sharpe, Jr. sold 1,000 shares of the stock in a transaction that occurred 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 trade represents a 9.09 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,636 shares of company stock valued at $6,263,989. Corporate insiders own 0.73% of the company's stock.

Ameriprise Financial 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.