Ameriprise Financial, Inc. (NYSE:AMP) Shares Sold by Bleakley Financial Group LLC

Bleakley Financial Group LLC lowered its position in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,681 shares of the financial services provider’s stock after selling 39 shares during the quarter. Bleakley Financial Group LLC’s holdings in Ameriprise Financial were worth $1,018,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in AMP. Signaturefd LLC grew its position in shares of Ameriprise Financial by 1.4% in the third quarter. Signaturefd LLC now owns 2,238 shares of the financial services provider’s stock valued at $738,000 after purchasing an additional 31 shares in the last quarter. Meeder Advisory Services Inc. boosted its position in shares of Ameriprise Financial by 1.1% during the fourth quarter. Meeder Advisory Services Inc. now owns 2,969 shares of the financial services provider’s stock worth $1,128,000 after buying an additional 31 shares during the period. Stratos Wealth Partners LTD. boosted its position in shares of Ameriprise Financial by 1.5% during the fourth quarter. Stratos Wealth Partners LTD. now owns 2,176 shares of the financial services provider’s stock worth $827,000 after buying an additional 33 shares during the period. CI Investments Inc. raised its stake in shares of Ameriprise Financial by 2.6% in the third quarter. CI Investments Inc. now owns 1,336 shares of the financial services provider’s stock valued at $440,000 after acquiring an additional 34 shares in the last quarter. Finally, Gateway Advisory LLC raised its stake in shares of Ameriprise Financial by 1.7% in the third quarter. Gateway Advisory LLC now owns 2,081 shares of the financial services provider’s stock valued at $686,000 after acquiring an additional 34 shares in the last quarter. Institutional investors and hedge funds own 83.95% of the company’s stock.

Ameriprise Financial Price Performance

AMP stock opened at $422.48 on Friday. The firm has a 50 day moving average of $414.38 and a 200-day moving average of $374.16. Ameriprise Financial, Inc. has a 12-month low of $279.85 and a 12-month high of $440.67. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.17. The company has a market cap of $42.33 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 0.72 and a beta of 1.36.

Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings data on Thursday, January 25th. The financial services provider reported $7.75 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $3.90 billion. During the same period in the previous year, the firm posted $6.94 EPS. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. As a group, equities analysts expect that Ameriprise Financial, Inc. will post 34.46 EPS for the current fiscal year.

Ameriprise Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Friday, February 9th were issued a $1.35 dividend. The ex-dividend date was Thursday, February 8th. This represents a $5.40 annualized dividend and a yield of 1.28%. Ameriprise Financial’s dividend payout ratio (DPR) is presently 22.78%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AMP. Raymond James began coverage on Ameriprise Financial in a research note on Thursday, March 21st. They issued a “market perform” rating on the stock. Evercore ISI lifted their target price on Ameriprise Financial from $400.00 to $445.00 and gave the stock an “in-line” rating in a research report on Thursday. The Goldman Sachs Group lifted their target price on Ameriprise Financial from $437.00 to $488.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. Keefe, Bruyette & Woods raised their price target on Ameriprise Financial from $420.00 to $460.00 and gave the stock a “market perform” rating in a report on Wednesday. Finally, Morgan Stanley lifted their price objective on Ameriprise Financial from $400.00 to $437.00 and gave the company an “equal weight” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $441.00.

Insider Buying and Selling at Ameriprise Financial

In other news, CEO William F. Truscott sold 9,689 shares of the business’s stock in a transaction 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 directly owns 12,126 shares of the company’s stock, valued at approximately $4,731,807.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO James M. Cracchiolo sold 2,493 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $401.11, for a total transaction of $999,967.23. Following the completion of the sale, the chief executive officer now directly owns 196,598 shares of the company’s stock, valued at approximately $78,857,423.78. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William F. Truscott sold 9,689 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 12,126 shares of the company’s stock, valued at $4,731,807.72. The disclosure for this sale can be found here. In the last three months, insiders sold 89,161 shares of company stock worth $35,560,647. Insiders own 0.96% of the company’s stock.

About Ameriprise Financial

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.