Insider Selling: Ameriprise Financial, Inc. (NYSE:AMP) CFO Sells $3,928,147.23 in Stock

Ameriprise Financial, Inc. (NYSE:AMPGet Rating) CFO Walter Stanley Berman sold 11,983 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $327.81, for a total value of $3,928,147.23. Following the sale, the chief financial officer now owns 10,751 shares of the company’s stock, valued at approximately $3,524,285.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ameriprise Financial Trading Up 2.2 %

NYSE:AMP opened at $328.70 on Friday. The firm has a market cap of $34.98 billion, a P/E ratio of 13.71, a PEG ratio of 0.76 and a beta of 1.47. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.60. The stock’s 50 day simple moving average is $285.46 and its 200-day simple moving average is $268.87. Ameriprise Financial, Inc. has a 12-month low of $219.99 and a 12-month high of $339.41.

Ameriprise Financial (NYSE:AMPGet Rating) last released its earnings results on Wednesday, October 26th. The financial services provider reported $6.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.85 by $0.58. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.32 billion. Ameriprise Financial had a return on equity of 61.53% and a net margin of 19.17%. The company’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.91 earnings per share. Equities analysts anticipate that Ameriprise Financial, Inc. will post 24.38 EPS for the current year.

Ameriprise Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 18th. Stockholders of record on Monday, November 7th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date was Friday, November 4th. Ameriprise Financial’s payout ratio is currently 20.85%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Stonegate Investment Group LLC grew its holdings in Ameriprise Financial by 1.9% during the third quarter. Stonegate Investment Group LLC now owns 1,826 shares of the financial services provider’s stock worth $460,000 after acquiring an additional 34 shares during the period. OneAscent Wealth Management LLC grew its holdings in Ameriprise Financial by 4.5% during the second quarter. OneAscent Wealth Management LLC now owns 858 shares of the financial services provider’s stock worth $204,000 after acquiring an additional 37 shares during the period. Checchi Capital Advisers LLC grew its holdings in Ameriprise Financial by 2.8% during the third quarter. Checchi Capital Advisers LLC now owns 1,346 shares of the financial services provider’s stock worth $339,000 after acquiring an additional 37 shares during the period. Vontobel Holding Ltd. grew its holdings in Ameriprise Financial by 2.2% during the third quarter. Vontobel Holding Ltd. now owns 1,792 shares of the financial services provider’s stock worth $456,000 after acquiring an additional 38 shares during the period. Finally, Clearstead Advisors LLC grew its holdings in Ameriprise Financial by 2.9% during the third quarter. Clearstead Advisors LLC now owns 1,382 shares of the financial services provider’s stock worth $348,000 after acquiring an additional 39 shares during the period. Institutional investors and hedge funds own 82.92% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Piper Sandler boosted their target price on Ameriprise Financial from $240.00 to $250.00 and gave the stock an “underweight” rating in a research note on Friday, October 7th. StockNews.com upgraded Ameriprise Financial from a “sell” rating to a “hold” rating in a research note on Saturday, November 12th. Credit Suisse Group lifted their price target on Ameriprise Financial to $351.00 in a research report on Tuesday, November 1st. Royal Bank of Canada lifted their price target on Ameriprise Financial from $310.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, October 28th. Finally, Morgan Stanley lifted their price target on Ameriprise Financial from $310.00 to $340.00 and gave the stock an “equal weight” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $324.11.

Ameriprise Financial Company Profile

(Get Rating)

Ameriprise Financial, Inc, through 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.

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Insider Buying and Selling by Quarter for Ameriprise Financial (NYSE:AMP)

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