BDO Wealth Advisors LLC grew its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP – Get Rating) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,073 shares of the financial services provider’s stock after purchasing an additional 110 shares during the quarter. BDO Wealth Advisors LLC’s holdings in Ameriprise Financial were worth $3,136,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the business. Massachusetts Financial Services Co. MA grew its stake in Ameriprise Financial by 3.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 123,272 shares of the financial services provider’s stock valued at $31,059,000 after buying an additional 3,688 shares in the last quarter. Greenleaf Trust raised its stake in shares of Ameriprise Financial by 38.1% during the 3rd quarter. Greenleaf Trust now owns 4,551 shares of the financial services provider’s stock valued at $1,147,000 after purchasing an additional 1,255 shares during the period. Fifth Third Bancorp raised its stake in shares of Ameriprise Financial by 3.2% during the 3rd quarter. Fifth Third Bancorp now owns 5,776 shares of the financial services provider’s stock valued at $1,456,000 after purchasing an additional 181 shares during the period. Moloney Securities Asset Management LLC purchased a new stake in Ameriprise Financial during the 3rd quarter worth about $209,000. Finally, Gradient Investments LLC boosted its stake in Ameriprise Financial by 5.2% in the 3rd quarter. Gradient Investments LLC now owns 49,381 shares of the financial services provider’s stock worth $12,441,000 after purchasing an additional 2,439 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.
Ameriprise Financial Price Performance
AMP opened at $302.06 on Tuesday. The stock has a market capitalization of $31.76 billion, a P/E ratio of 13.45, a PEG ratio of 0.63 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. Ameriprise Financial, Inc. has a 12-month low of $219.99 and a 12-month high of $357.46. The stock has a 50-day moving average price of $323.97 and a 200-day moving average price of $313.35.
Ameriprise Financial Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 28th. Shareholders of record on Friday, February 10th were given a dividend of $1.25 per share. The ex-dividend date was Thursday, February 9th. This represents a $5.00 annualized dividend and a yield of 1.66%. Ameriprise Financial’s payout ratio is 22.27%.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on AMP. UBS Group increased their price target on shares of Ameriprise Financial from $355.00 to $370.00 and gave the stock a “buy” rating in a report on Monday, January 9th. Credit Suisse Group raised their price target on shares of Ameriprise Financial from $382.00 to $401.00 and gave the company an “outperform” rating in a report on Wednesday, February 1st. Argus upped their price target on shares of Ameriprise Financial from $340.00 to $392.00 in a report on Tuesday, January 31st. StockNews.com started coverage on Ameriprise Financial in a research note on Thursday, March 16th. They set a “hold” rating for the company. Finally, Keefe, Bruyette & Woods upped their target price on Ameriprise Financial from $350.00 to $375.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Ameriprise Financial has an average rating of “Hold” and a consensus price target of $346.90.
Insider Buying and Selling
In other news, insider Joseph Edward Sweeney sold 6,390 shares of Ameriprise Financial stock in a transaction dated Tuesday, February 14th. The shares were sold at an average price of $350.35, for a total transaction of $2,238,736.50. Following the sale, the insider now owns 10,955 shares of the company’s stock, valued at approximately $3,838,084.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO William F. Truscott sold 11,483 shares of Ameriprise Financial stock in a transaction on Friday, January 27th. The stock was sold at an average price of $347.69, for a total transaction of $3,992,524.27. Following the transaction, the chief executive officer now directly owns 16,262 shares in the company, valued at $5,654,134.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph Edward Sweeney sold 6,390 shares of the stock in a transaction that occurred on Tuesday, February 14th. The stock was sold at an average price of $350.35, for a total transaction of $2,238,736.50. Following the completion of the sale, the insider now directly owns 10,955 shares of the company’s stock, valued at $3,838,084.25. The disclosure for this sale can be found here. Insiders have sold a total of 75,328 shares of company stock worth $26,478,645 in the last ninety days. 0.73% of the stock is owned by insiders.
Ameriprise Financial Company 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.
Featured Stories
- Get a free copy of the StockNews.com research report on Ameriprise Financial (AMP)
- This Is Why Penny Stock GreenPower Motor Company Is A Win
- Comcast Sum of All Parts is Producing a Cumulative Effect
- The Greenbrier Companies: All Aboard For High-Yield In 2023
- Coty Stock is on the Comeback Trail
- Splunk Stock is an AI-Powered Enterprise SEIM Play
Receive News & Ratings for Ameriprise Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameriprise Financial and related companies with MarketBeat.com's FREE daily email newsletter.
