Ameriprise Financial, Inc. $AMP Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN lowered its stake in Ameriprise Financial, Inc. (NYSE:AMPFree Report) by 11.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,818 shares of the financial services provider’s stock after selling 1,834 shares during the period. OLD National Bancorp IN’s holdings in Ameriprise Financial were worth $7,266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Holos Integrated Wealth LLC acquired a new stake in shares of Ameriprise Financial during the 4th quarter worth about $30,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Ameriprise Financial during the 3rd quarter worth about $32,000. WFA of San Diego LLC acquired a new stake in shares of Ameriprise Financial during the 2nd quarter worth about $36,000. Salomon & Ludwin LLC raised its position in shares of Ameriprise Financial by 76.8% during the 3rd quarter. Salomon & Ludwin LLC now owns 99 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 43 shares in the last quarter. Finally, Corundum Trust Company INC acquired a new stake in shares of Ameriprise Financial during the 3rd quarter worth about $49,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

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Insider Buying and Selling

In related news, CEO William F. Truscott sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $532.08, for a total transaction of $2,660,400.00. Following the transaction, the chief executive officer owned 12,149 shares in the company, valued at $6,464,239.92. This trade represents a 29.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Gumer Alvero sold 4,658 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $542.88, for a total value of $2,528,735.04. Following the transaction, the insider owned 4,621 shares in the company, valued at $2,508,648.48. This represents a 50.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 16,658 shares of company stock worth $8,998,675 in the last quarter. 0.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

AMP has been the topic of several research analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Ameriprise Financial in a research report on Monday, December 29th. Morgan Stanley cut their target price on Ameriprise Financial from $485.00 to $452.00 and set an “underweight” rating on the stock in a research report on Friday, April 10th. Raymond James Financial set a $582.00 target price on Ameriprise Financial and gave the stock a “strong-buy” rating in a research report on Wednesday, February 11th. BMO Capital Markets reissued a “market perform” rating on shares of Ameriprise Financial in a research report on Tuesday, March 3rd. Finally, Keefe, Bruyette & Woods initiated coverage on Ameriprise Financial in a research report on Friday, April 10th. They set a “hold” rating on the stock. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $544.22.

Get Our Latest Stock Analysis on Ameriprise Financial

Ameriprise Financial Trading Down 1.9%

NYSE:AMP opened at $459.69 on Friday. The stock’s 50 day moving average price is $454.74 and its 200 day moving average price is $474.78. The company has a market capitalization of $41.91 billion, a PE ratio of 12.64, a P/E/G ratio of 1.15 and a beta of 1.27. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.86. Ameriprise Financial, Inc. has a 52-week low of $422.37 and a 52-week high of $550.18.

Ameriprise Financial (NYSE:AMPGet Free Report) last released its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $11.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.21 by $1.05. The firm had revenue of $4.77 billion for the quarter, compared to the consensus estimate of $4.82 billion. Ameriprise Financial had a return on equity of 63.04% and a net margin of 19.28%.The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the business posted $9.50 EPS. On average, research analysts anticipate that Ameriprise Financial, Inc. will post 41.06 EPS for the current year.

Ameriprise Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Monday, May 4th will be paid a dividend of $1.70 per share. The ex-dividend date is Monday, May 4th. This represents a $6.80 dividend on an annualized basis and a yield of 1.5%. This is a boost from Ameriprise Financial’s previous quarterly dividend of $1.60. Ameriprise Financial’s dividend payout ratio (DPR) is 17.60%.

About Ameriprise Financial

(Free Report)

Ameriprise Financial, Inc is a diversified financial services company headquartered in Minneapolis, Minnesota. The firm provides a range of advice-based wealth management, asset management and insurance products to individual and institutional clients. Its business model centers on delivering financial planning and investment advice through a network of financial advisors alongside proprietary product offerings designed to meet retirement, protection and accumulation needs.

Core products and services include comprehensive financial planning and advisory services, managed investment portfolios, retirement planning solutions, annuities and life insurance products.

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Institutional Ownership by Quarter for Ameriprise Financial (NYSE:AMP)

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