Ameriprise Financial, Inc. (NYSE:AMP) Director Robert Francis Sharpe, Jr. Sells 1,000 Shares

Ameriprise Financial, Inc. (NYSE:AMP) Director Robert Francis Sharpe, Jr. sold 1,000 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $523.12, for a total transaction of $523,120.00. Following the sale, the director now directly owns 10,000 shares of the company’s stock, valued at $5,231,200. The trade was a 9.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Ameriprise Financial Trading Up 1.3 %

NYSE AMP opened at $546.69 on Friday. The company has a fifty day simple moving average of $541.49 and a two-hundred day simple moving average of $504.41. The stock has a market cap of $53.03 billion, a P/E ratio of 16.54, a P/E/G ratio of 1.18 and a beta of 1.36. Ameriprise Financial, Inc. has a 12-month low of $385.74 and a 12-month high of $582.05. The company has a current ratio of 0.59, a quick ratio of 0.65 and a debt-to-equity ratio of 1.01.

Ameriprise Financial (NYSE:AMP) last released its quarterly earnings data 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 net margin of 19.70% and a return on equity of 69.35%. On average, 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. Stockholders of record on Monday, February 10th will be paid a $1.48 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.08%. Ameriprise Financial’s payout ratio is currently 17.91%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Piper Sandler increased their target price on shares of 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 reissued an “outperform” rating and set a $625.00 target price on shares of Ameriprise Financial in a research report on Monday, February 3rd. UBS Group cut shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and decreased their target price for the company from $580.00 to $570.00 in a research report on Monday, January 6th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Ameriprise Financial from $560.00 to $570.00 and gave the stock a “market perform” rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $510.44.

Institutional Trading of Ameriprise Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Meiji Yasuda Life Insurance Co increased its stake in shares of Ameriprise Financial by 2.9% in the fourth quarter. Meiji Yasuda Life Insurance Co now owns 2,529 shares of the financial services provider’s stock worth $1,347,000 after acquiring an additional 71 shares during the period. South Plains Financial Inc. acquired a new stake in shares of Ameriprise Financial in the fourth quarter worth $211,000. Itau Unibanco Holding S.A. increased its stake in shares of Ameriprise Financial by 476.0% in the fourth quarter. Itau Unibanco Holding S.A. now owns 144 shares of the financial services provider’s stock worth $77,000 after acquiring an additional 119 shares during the period. Keel Point LLC grew its position in Ameriprise Financial by 16.7% during the fourth quarter. Keel Point LLC now owns 1,004 shares of the financial services provider’s stock valued at $535,000 after buying an additional 144 shares during the period. Finally, Unisphere Establishment grew its position in Ameriprise Financial by 0.5% during the fourth quarter. Unisphere Establishment now owns 20,100 shares of the financial services provider’s stock valued at $10,702,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 83.95% 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.