Ameriprise Financial, Inc. (NYSE:AMP) Shares Purchased by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. increased its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 1.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,176 shares of the financial services provider’s stock after acquiring an additional 33 shares during the period. Stratos Wealth Partners LTD.’s holdings in Ameriprise Financial were worth $827,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. OFI Invest Asset Management purchased a new position in Ameriprise Financial in the 3rd quarter valued at about $25,000. Financial Freedom LLC purchased a new position in Ameriprise Financial in the 4th quarter valued at about $27,000. Carmel Capital Partners LLC purchased a new position in Ameriprise Financial in the 3rd quarter valued at about $30,000. FinTrust Capital Advisors LLC purchased a new position in Ameriprise Financial in the 4th quarter valued at about $32,000. Finally, Fortitude Family Office LLC purchased a new position in Ameriprise Financial in the 4th quarter valued at about $39,000. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO William F. Truscott sold 9,689 shares of Ameriprise Financial stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $390.22, for a total transaction of $3,780,841.58. Following the sale, the chief executive officer now owns 12,126 shares of the company’s stock, valued at approximately $4,731,807.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Joseph Edward Sweeney sold 5,146 shares of Ameriprise Financial stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $389.47, for a total value of $2,004,212.62. Following the completion of the sale, the insider now owns 9,421 shares in the company, valued at approximately $3,669,196.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William F. Truscott sold 9,689 shares of Ameriprise Financial stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $390.22, for a total transaction of $3,780,841.58. Following the completion of the sale, the chief executive officer now owns 12,126 shares of the company’s stock, valued at approximately $4,731,807.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 89,161 shares of company stock valued at $35,560,647. 0.96% of the stock is currently owned by company insiders.

Ameriprise Financial Stock Down 0.8 %

AMP stock opened at $422.48 on Friday. The firm has a market cap of $42.33 billion, a PE ratio of 17.82, a PEG ratio of 0.72 and a beta of 1.36. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.56 and a current ratio of 0.56. The firm’s 50 day moving average price is $414.38 and its 200-day moving average price is $374.16. Ameriprise Financial, Inc. has a one year low of $279.85 and a one year high of $440.67.

Ameriprise Financial (NYSE:AMP) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $7.75 EPS for the quarter, beating the consensus estimate of $7.67 by $0.08. The firm had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.90 billion. Ameriprise Financial had a net margin of 16.27% and a return on equity of 77.39%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.94 EPS. On average, equities research analysts anticipate that Ameriprise Financial, Inc. will post 34.46 EPS for the current year.

Ameriprise Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Friday, February 9th were given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was Thursday, February 8th. Ameriprise Financial’s payout ratio is presently 22.78%.

Analyst Ratings Changes

AMP has been the topic of a number of research reports. UBS Group raised their price target on shares of Ameriprise Financial from $440.00 to $445.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Morgan Stanley raised their target price on shares of Ameriprise Financial from $400.00 to $437.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Keefe, Bruyette & Woods raised their target price on shares of Ameriprise Financial from $420.00 to $460.00 and gave the stock a “market perform” rating in a research note on Wednesday. Evercore ISI raised their target price on shares of Ameriprise Financial from $400.00 to $445.00 and gave the stock an “in-line” rating in a research note on Thursday. Finally, The Goldman Sachs Group raised their target price on shares of Ameriprise Financial from $437.00 to $488.00 and gave the stock a “buy” rating in a research note on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $441.00.

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.