MGO One Seven LLC grew its stake in Ameriprise Financial, Inc. (NYSE:AMP – Get Rating) by 219.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,400 shares of the financial services provider’s stock after buying an additional 962 shares during the quarter. MGO One Seven LLC’s holdings in Ameriprise Financial were worth $426,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Greenleaf Trust boosted its stake in shares of Ameriprise Financial by 6.4% in the 4th quarter. Greenleaf Trust now owns 4,840 shares of the financial services provider’s stock valued at $1,507,000 after buying an additional 289 shares during the period. Fifth Third Bancorp raised its position in shares of Ameriprise Financial by 10.5% during the 4th quarter. Fifth Third Bancorp now owns 6,380 shares of the financial services provider’s stock worth $1,987,000 after acquiring an additional 604 shares in the last quarter. Steel Peak Wealth Management LLC acquired a new stake in shares of Ameriprise Financial during the 4th quarter worth about $1,702,000. Lindbrook Capital LLC raised its position in shares of Ameriprise Financial by 5.6% during the 4th quarter. Lindbrook Capital LLC now owns 2,041 shares of the financial services provider’s stock worth $636,000 after acquiring an additional 108 shares in the last quarter. Finally, Stonegate Investment Group LLC raised its position in shares of Ameriprise Financial by 3.1% during the 4th quarter. Stonegate Investment Group LLC now owns 1,883 shares of the financial services provider’s stock worth $586,000 after acquiring an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.
Insider Activity
In related news, CEO William F. Truscott sold 11,480 shares of Ameriprise Financial stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $355.33, for a total value of $4,079,188.40. Following the sale, the chief executive officer now directly owns 17,489 shares in the company, valued at $6,214,366.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO William F. Truscott sold 11,480 shares of the company’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of $355.33, for a total transaction of $4,079,188.40. Following the transaction, the chief executive officer now owns 17,489 shares of the company’s stock, valued at $6,214,366.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William F. Truscott sold 11,483 shares of the company’s 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 transaction, the chief executive officer now directly owns 16,262 shares in the company, valued at approximately $5,654,134.78. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 75,328 shares of company stock valued at $26,478,645. Company insiders own 0.73% of the company’s stock.
Wall Street Analysts Forecast Growth
Ameriprise Financial Trading Down 0.4 %
NYSE:AMP opened at $297.32 on Friday. The firm has a market cap of $31.26 billion, a P/E ratio of 13.24, a PEG ratio of 0.64 and a beta of 1.46. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.43. The stock’s 50 day simple moving average is $324.80 and its 200-day simple moving average is $312.52. Ameriprise Financial, Inc. has a 12-month low of $219.99 and a 12-month high of $357.46.
Ameriprise Financial (NYSE:AMP – Get Rating) last released its earnings results on Thursday, January 26th. The financial services provider reported $6.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.35 by $0.59. The business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.46 billion. Ameriprise Financial had a return on equity of 70.64% and a net margin of 17.91%. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.15 earnings per share. Equities analysts anticipate that Ameriprise Financial, Inc. will post 30.62 EPS for the current year.
Ameriprise Financial Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 28th. Stockholders of record on Friday, February 10th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Thursday, February 9th. Ameriprise Financial’s payout ratio is currently 22.27%.
Ameriprise Financial Profile
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.
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