Ameriprise Financial, Inc. $AMP Stock Holdings Lessened by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lowered its stake in Ameriprise Financial, Inc. (NYSE:AMP) by 3.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,854 shares of the financial services provider’s stock after selling 1,100 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Ameriprise Financial were worth $19,136,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of AMP. Brighton Jones LLC increased its holdings in shares of Ameriprise Financial by 6.9% in the fourth quarter. Brighton Jones LLC now owns 777 shares of the financial services provider’s stock valued at $413,000 after buying an additional 50 shares in the last quarter. Group One Trading LLC raised its stake in Ameriprise Financial by 178.0% during the 4th quarter. Group One Trading LLC now owns 278 shares of the financial services provider’s stock valued at $148,000 after purchasing an additional 178 shares during the period. Tidal Investments LLC raised its stake in Ameriprise Financial by 53.3% during the 4th quarter. Tidal Investments LLC now owns 4,954 shares of the financial services provider’s stock valued at $2,638,000 after purchasing an additional 1,722 shares during the period. Waverly Advisors LLC raised its stake in Ameriprise Financial by 29.9% during the 4th quarter. Waverly Advisors LLC now owns 1,480 shares of the financial services provider’s stock valued at $788,000 after purchasing an additional 341 shares during the period. Finally, Focus Partners Advisor Solutions LLC raised its stake in Ameriprise Financial by 112.3% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 1,637 shares of the financial services provider’s stock valued at $872,000 after purchasing an additional 866 shares during the period. Institutional investors own 83.95% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Raymond James Financial boosted their target price on shares of Ameriprise Financial from $518.00 to $582.00 and gave the company a “strong-buy” rating in a research note on Friday, July 25th. Keefe, Bruyette & Woods boosted their target price on shares of Ameriprise Financial from $520.00 to $550.00 and gave the company a “market perform” rating in a research note on Wednesday, July 9th. Piper Sandler boosted their target price on shares of Ameriprise Financial from $423.00 to $434.00 and gave the company an “underweight” rating in a research note on Thursday, July 3rd. Morgan Stanley downgraded shares of Ameriprise Financial from an “equal weight” rating to an “underweight” rating and boosted their target price for the company from $462.00 to $530.00 in a research note on Tuesday, July 15th. Finally, Wall Street Zen raised shares of Ameriprise Financial from a “sell” rating to a “hold” rating in a research note on Friday, May 30th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $534.71.

Insiders Place Their Bets

In related news, CEO William F. Truscott sold 9,929 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $506.89, for a total value of $5,032,910.81. Following the completion of the sale, the chief executive officer directly owned 11,047 shares in the company, valued at approximately $5,599,613.83. This represents a 47.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Heather J. Melloh sold 1,500 shares of the company’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $512.34, for a total transaction of $768,510.00. Following the completion of the sale, the executive vice president owned 2,562 shares of the company’s stock, valued at $1,312,615.08. This represents a 36.93% 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 Trading Up 1.1%

NYSE AMP opened at $491.51 on Friday. Ameriprise Financial, Inc. has a 1-year low of $396.14 and a 1-year high of $582.05. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $46.33 billion, a PE ratio of 15.29, a price-to-earnings-growth ratio of 1.03 and a beta of 1.27. The firm’s fifty day simple moving average is $511.65 and its 200-day simple moving average is $501.87.

Ameriprise Financial (NYSE:AMP) last posted its quarterly earnings results on Thursday, July 24th. The financial services provider reported $9.11 earnings per share for the quarter, topping analysts’ consensus estimates of $9.00 by $0.11. Ameriprise Financial had a net margin of 18.30% and a return on equity of 65.90%. The business had revenue of $4.49 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same period in the prior year, the business posted $8.72 earnings per share. Ameriprise Financial’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ameriprise Financial, Inc. will post 38.64 earnings per share for the current fiscal year.

Ameriprise Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, August 4th were issued a $1.60 dividend. The ex-dividend date was Monday, August 4th. This represents a $6.40 dividend on an annualized basis and a yield of 1.3%. Ameriprise Financial’s dividend payout ratio is currently 19.91%.

Ameriprise Financial 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.