Ameriprise Financial, Inc. (NYSE:AMP) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC decreased its holdings in Ameriprise Financial, Inc. (NYSE:AMP) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 51,148 shares of the financial services provider’s stock after selling 1,743 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Ameriprise Financial worth $27,233,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Wingate Wealth Advisors Inc. acquired a new position in shares of Ameriprise Financial in the fourth quarter worth about $30,000. Oakworth Capital Inc. acquired a new stake in Ameriprise Financial during the third quarter valued at approximately $31,000. Sound Income Strategies LLC acquired a new stake in Ameriprise Financial during the fourth quarter valued at approximately $36,000. Golden State Wealth Management LLC acquired a new stake in Ameriprise Financial during the fourth quarter valued at approximately $38,000. Finally, Albion Financial Group UT acquired a new stake in Ameriprise Financial during the fourth quarter valued at approximately $46,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

Ameriprise Financial Stock Up 1.3 %

Shares of Ameriprise Financial stock opened at $546.69 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.65 and a debt-to-equity ratio of 1.01. The business’s 50 day simple moving average is $541.49 and its 200-day simple moving average is $504.41. The stock has a market capitalization of $53.03 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 1.18 and a beta of 1.36. Ameriprise Financial, Inc. has a twelve month low of $385.74 and a twelve month high of $582.05.

Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $9.36 earnings per share for the quarter, topping analysts’ consensus estimates of $9.16 by $0.20. Ameriprise Financial had a return on equity of 69.35% and a net margin of 19.70%. Equities research analysts forecast that Ameriprise Financial, Inc. will post 38.55 earnings per share for the current year.

Ameriprise Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 10th will be issued a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Monday, February 10th. Ameriprise Financial’s dividend payout ratio (DPR) is 17.91%.

Analysts Set New Price Targets

AMP has been the topic of several research reports. Royal Bank of Canada restated 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 upped their price objective 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. UBS Group cut Ameriprise Financial from a “buy” rating to a “neutral” rating and cut their price objective for the company from $580.00 to $570.00 in a research note on Monday, January 6th. Finally, Piper Sandler upped their price objective on Ameriprise Financial from $415.00 to $442.00 and gave the company an “underweight” rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $510.44.

Insider Buying and Selling

In related news, Director Robert Francis Sharpe, Jr. sold 1,000 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $523.12, for a total value of $523,120.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $5,231,200. This represents a 9.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO William F. Truscott sold 6,000 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $540.29, for a total value of $3,241,740.00. Following the completion of the transaction, the chief executive officer now directly owns 14,023 shares of the company’s stock, valued at $7,576,486.67. This trade represents a 29.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.73% of the company’s stock.

Ameriprise Financial Company 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.