531 Shares in Ameriprise Financial, Inc. (NYSE:AMP) Acquired by Argus Investors Counsel Inc.

Argus Investors Counsel Inc. acquired a new position in Ameriprise Financial, Inc. (NYSE:AMPFree Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 531 shares of the financial services provider’s stock, valued at approximately $202,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC boosted its stake in Ameriprise Financial by 106,308.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,587,613 shares of the financial services provider’s stock valued at $494,335,000 after purchasing an additional 1,586,121 shares in the last quarter. Norges Bank bought a new stake in shares of Ameriprise Financial during the 4th quarter worth $389,527,000. Nuveen Asset Management LLC boosted its stake in shares of Ameriprise Financial by 29.7% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,673,748 shares of the financial services provider’s stock worth $555,952,000 after acquiring an additional 382,811 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Ameriprise Financial by 123.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 498,824 shares of the financial services provider’s stock worth $155,318,000 after acquiring an additional 275,720 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Ameriprise Financial by 33.5% during the 1st quarter. Invesco Ltd. now owns 1,078,807 shares of the financial services provider’s stock worth $324,031,000 after acquiring an additional 270,755 shares in the last quarter. 83.95% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Walter Stanley Berman sold 13,346 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $387.81, for a total value of $5,175,712.26. Following the sale, the chief financial officer now directly owns 6,409 shares in the company, valued at approximately $2,485,474.29. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, SVP Dawn M. Brockman sold 224 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $434.13, for a total value of $97,245.12. Following the transaction, the senior vice president now directly owns 1,288 shares of the company’s stock, valued at approximately $559,159.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Walter Stanley Berman sold 13,346 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $387.81, for a total value of $5,175,712.26. Following the completion of the transaction, the chief financial officer now directly owns 6,409 shares in the company, valued at $2,485,474.29. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 89,161 shares of company stock worth $35,560,647. Company insiders own 0.73% of the company’s stock.

Ameriprise Financial Trading Up 0.6 %

Shares of AMP opened at $438.44 on Monday. Ameriprise Financial, Inc. has a 12-month low of $279.85 and a 12-month high of $440.64. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $43.93 billion, a price-to-earnings ratio of 18.49, a P/E/G ratio of 0.81 and a beta of 1.36. The stock’s 50-day moving average price is $406.88 and its 200 day moving average price is $368.87.

Ameriprise Financial (NYSE:AMPGet Free Report) last issued its quarterly earnings results on Thursday, January 25th. The financial services provider reported $7.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.67 by $0.08. Ameriprise Financial had a return on equity of 77.39% and a net margin of 16.27%. The firm had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.90 billion. During the same period in the previous year, the company posted $6.94 earnings per share. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. As a group, research analysts predict that Ameriprise Financial, Inc. will post 34.2 earnings per share for the current year.

Ameriprise Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Friday, February 9th were paid a $1.35 dividend. The ex-dividend date was Thursday, February 8th. This represents a $5.40 annualized dividend and a dividend yield of 1.23%. Ameriprise Financial’s dividend payout ratio is currently 22.78%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. UBS Group raised their price objective on Ameriprise Financial from $440.00 to $445.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Royal Bank of Canada increased their target price on Ameriprise Financial from $410.00 to $420.00 and gave the company an “outperform” rating in a report on Monday, January 22nd. The Goldman Sachs Group increased their price objective on Ameriprise Financial from $437.00 to $488.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. Keefe, Bruyette & Woods boosted their price target on Ameriprise Financial from $400.00 to $420.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 30th. Finally, Morgan Stanley boosted their price target on Ameriprise Financial from $394.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $428.83.

Check Out Our Latest Report on Ameriprise Financial

Ameriprise Financial Company Profile

(Free Report)

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.

Further Reading

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

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