Ameriprise Financial, Inc. (NYSE:AMP) Shares Sold by Moody National Bank Trust Division

Posted by Defense World Staff on Mar 20th, 2023

Moody National Bank Trust Division lowered its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP – Get Rating) by 9.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,770 shares of the financial services provider’s stock after selling 179 shares during the quarter. Moody National Bank Trust Division’s holdings in Ameriprise Financial were worth $551,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA increased its holdings in shares of Ameriprise Financial by 3.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 123,272 shares of the financial services provider’s stock valued at $31,059,000 after acquiring an additional 3,688 shares in the last quarter. Greenleaf Trust boosted its position in Ameriprise Financial by 38.1% in the third quarter. Greenleaf Trust now owns 4,551 shares of the financial services provider’s stock valued at $1,147,000 after buying an additional 1,255 shares during the last quarter. Fifth Third Bancorp boosted its position in Ameriprise Financial by 3.2% in the third quarter. Fifth Third Bancorp now owns 5,776 shares of the financial services provider’s stock valued at $1,456,000 after buying an additional 181 shares during the last quarter. Moloney Securities Asset Management LLC purchased a new stake in Ameriprise Financial in the third quarter valued at approximately $209,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in Ameriprise Financial by 5.0% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 41,093 shares of the financial services provider’s stock valued at $9,766,000 after buying an additional 1,943 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insider Activity at Ameriprise Financial

In related news, insider Dawn M. Brockman sold 410 shares of the stock in a transaction on Tuesday, December 27th. The stock was sold at an average price of $310.63, for a total value of $127,358.30. Following the completion of the transaction, the insider now directly owns 875 shares of the company’s stock, valued at approximately $271,801.25. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO William F. Truscott sold 11,483 shares of the stock in a transaction on Friday, January 27th. The stock was sold at an average price of $347.69, for a total value of $3,992,524.27. Following the completion of the transaction, the chief executive officer now directly owns 16,262 shares of the company’s stock, valued at approximately $5,654,134.78. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Dawn M. Brockman sold 410 shares of the firm’s stock in a transaction on Tuesday, December 27th. The stock was sold at an average price of $310.63, for a total value of $127,358.30. Following the completion of the sale, the insider now directly owns 875 shares of the company’s stock, valued at $271,801.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,738 shares of company stock valued at $26,606,004. 1.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Credit Suisse Group upped their target price on Ameriprise Financial from $382.00 to $401.00 and gave the company an “outperform” rating in a research report on Wednesday, February 1st. UBS Group upped their price objective on Ameriprise Financial from $355.00 to $370.00 and gave the stock a “buy” rating in a research report on Monday, January 9th. The Goldman Sachs Group upped their price objective on Ameriprise Financial from $290.00 to $330.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 23rd. Argus upped their price objective on Ameriprise Financial from $340.00 to $392.00 in a research report on Tuesday, January 31st. Finally, StockNews.com assumed coverage on Ameriprise Financial in a research report on Thursday. They issued a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $347.18.

Ameriprise Financial Trading Down 2.3 %

Shares of AMP stock opened at $281.43 on Monday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.69 and a quick ratio of 0.69. The company has a market cap of $29.95 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 0.52 and a beta of 1.49. The stock has a 50 day simple moving average of $335.26 and a 200-day simple moving average of $310.67. Ameriprise Financial, Inc. has a 1-year low of $219.99 and a 1-year high of $357.46.

Ameriprise Financial (NYSE:AMP – Get Rating) last announced its earnings results on Thursday, January 26th. The financial services provider reported $6.94 earnings per share for the quarter, topping the consensus estimate of $6.35 by $0.59. Ameriprise Financial had a return on equity of 70.64% and a net margin of 17.91%. The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.46 billion. During the same period in the prior year, the company posted $6.15 EPS. The business’s quarterly revenue was down 3.8% on a year-over-year basis. On average, equities research analysts expect that Ameriprise Financial, Inc. will post 30.69 EPS for the current fiscal year.

Ameriprise Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 28th. Investors of record on Friday, February 10th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend was Thursday, February 9th. Ameriprise Financial’s dividend payout ratio is currently 22.27%.

Ameriprise Financial Profile

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Ameriprise Financial, Inc operates as a holding company. The firm provides financial planning, asset management and insurance services to individuals, businesses and institutions. It operates through the following business segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other.