Quent Long Short Global Small Cap Fund LP Purchases Shares of 1,888 Ameriprise Financial, Inc. $AMP

Quent Long Short Global Small Cap Fund LP acquired a new position in shares of Ameriprise Financial, Inc. (NYSE:AMPFree Report) during the 4th quarter, Holdings Channel reports. The firm acquired 1,888 shares of the financial services provider’s stock, valued at approximately $926,000.

Other large investors have also recently added to or reduced their stakes in the company. Holos Integrated Wealth LLC bought a new position in Ameriprise Financial during the 4th quarter worth $30,000. Redmont Wealth Advisors LLC bought a new position in Ameriprise Financial during the 3rd quarter worth $32,000. WFA of San Diego LLC bought a new position in Ameriprise Financial during the 2nd quarter worth $36,000. Salomon & Ludwin LLC increased its position in 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 buying an additional 43 shares during the period. Finally, Corundum Trust Company INC bought a new position in Ameriprise Financial during the 3rd quarter worth $49,000. Institutional investors own 83.95% of the company’s stock.

Ameriprise Financial News Summary

Here are the key news stories impacting Ameriprise Financial this week:

Analyst Ratings Changes

Several brokerages have recently commented on AMP. Jefferies Financial Group raised their target price on shares of Ameriprise Financial from $600.00 to $620.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Raymond James Financial set a $582.00 target price on shares of Ameriprise Financial and gave the stock a “strong-buy” rating in a report on Wednesday, February 11th. Morgan Stanley lowered their target price on shares of Ameriprise Financial from $485.00 to $452.00 and set an “underweight” rating on the stock in a report on Friday, April 10th. Piper Sandler lowered their target price on shares of Ameriprise Financial from $530.00 to $460.00 and set a “hold” rating on the stock in a report on Tuesday, April 7th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ameriprise Financial in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $544.22.

Get Our Latest Research Report on Ameriprise Financial

Insider Buying and Selling at Ameriprise Financial

In other Ameriprise Financial news, CEO William F. Truscott sold 5,000 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $532.08, for a total transaction of $2,660,400.00. Following the sale, the chief executive officer owned 12,149 shares of the company’s stock, valued at approximately $6,464,239.92. The trade was a 29.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Walter Stanley Berman sold 7,000 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $544.22, for a total transaction of $3,809,540.00. Following the sale, the chief financial officer directly owned 5,609 shares in the company, valued at approximately $3,052,529.98. The trade was a 55.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 16,658 shares of company stock worth $8,998,675 over the last 90 days. Insiders own 0.60% of the company’s stock.

Ameriprise Financial Stock Performance

Ameriprise Financial stock opened at $459.69 on Friday. Ameriprise Financial, Inc. has a 12-month low of $422.37 and a 12-month high of $550.18. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.86. The business’s 50-day moving average price is $454.74 and its two-hundred day moving average price is $474.78. The stock has a market cap of $41.91 billion, a PE ratio of 12.64, a P/E/G ratio of 1.15 and a beta of 1.27.

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

Ameriprise Financial Increases Dividend

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

Ameriprise Financial Company Profile

(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.

See Also

Want to see what other hedge funds are holding AMP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ameriprise Financial, Inc. (NYSE:AMPFree Report).

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

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