Blair William & Co. IL Sells 551 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Blair William & Co. IL lessened its position in Ameriprise Financial, Inc. (NYSE:AMP) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,930 shares of the financial services provider’s stock after selling 551 shares during the quarter. Blair William & Co. IL’s holdings in Ameriprise Financial were worth $7,949,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Howard Capital Management Group LLC lifted its position in Ameriprise Financial by 11.1% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,787 shares of the financial services provider’s stock worth $840,000 after buying an additional 178 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in shares of Ameriprise Financial by 1.1% in the 3rd quarter. D.A. Davidson & CO. now owns 4,491 shares of the financial services provider’s stock worth $2,110,000 after acquiring an additional 47 shares during the last quarter. Townsquare Capital LLC lifted its holdings in shares of Ameriprise Financial by 8.0% in the 3rd quarter. Townsquare Capital LLC now owns 7,047 shares of the financial services provider’s stock worth $3,311,000 after acquiring an additional 520 shares during the last quarter. Cynosure Group LLC bought a new position in shares of Ameriprise Financial during the 3rd quarter valued at $206,000. Finally, CreativeOne Wealth LLC raised its position in Ameriprise Financial by 71.5% in the 3rd quarter. CreativeOne Wealth LLC now owns 926 shares of the financial services provider’s stock worth $435,000 after purchasing an additional 386 shares during the period. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Ameriprise Financial Trading Down 3.4 %

NYSE:AMP opened at $481.64 on Friday. The company has a 50-day moving average price of $524.55 and a 200-day moving average price of $523.05. The stock has a market cap of $46.29 billion, a price-to-earnings ratio of 14.57, a P/E/G ratio of 1.15 and a beta of 1.33. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.01. Ameriprise Financial, Inc. has a 12 month low of $385.74 and a 12 month high of $582.05.

Ameriprise Financial (NYSE:AMP) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $9.36 earnings per share for the quarter, beating the consensus estimate of $9.16 by $0.20. Ameriprise Financial had a return on equity of 69.35% and a net margin of 19.70%. Equities analysts predict that Ameriprise Financial, Inc. will post 38.64 EPS for the current year.

Ameriprise Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 10th were paid a $1.48 dividend. The ex-dividend date was Monday, February 10th. This represents a $5.92 annualized dividend and a yield of 1.23%. Ameriprise Financial’s payout ratio is 17.91%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AMP. Keefe, Bruyette & Woods raised 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. Piper Sandler boosted their price objective on Ameriprise Financial from $415.00 to $442.00 and gave the company an “underweight” rating in a research report on Friday, January 31st. Royal Bank of Canada restated an “outperform” rating and issued a $625.00 target price on shares of Ameriprise Financial in a report on Monday, February 3rd. Morgan Stanley upped their price target on shares of Ameriprise Financial from $507.00 to $542.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th. Finally, UBS Group lowered shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and cut their price target for the stock from $580.00 to $570.00 in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $514.89.

Insiders Place Their Bets

In related news, Director Robert Francis Sharpe, Jr. sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $523.12, for a total transaction of $523,120.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at $5,231,200. This trade represents a 9.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph Edward Sweeney sold 4,636 shares of the business’s stock in a transaction 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. This trade represents a 39.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,636 shares of company stock worth $6,263,989. 0.96% of the stock is owned by corporate insiders.

About Ameriprise Financial

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.