922 Shares in Ameriprise Financial, Inc. $AMP Acquired by Optimize Financial Inc

Optimize Financial Inc bought a new position in Ameriprise Financial, Inc. (NYSE:AMP) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 922 shares of the financial services provider’s stock, valued at approximately $453,000.

Several other hedge funds also recently modified their holdings of the company. AE Wealth Management LLC grew its position in Ameriprise Financial by 104.2% in the third quarter. AE Wealth Management LLC now owns 3,962 shares of the financial services provider’s stock worth $1,946,000 after buying an additional 2,022 shares during the last quarter. National Pension Service boosted its stake in shares of Ameriprise Financial by 4.6% during the 3rd quarter. National Pension Service now owns 152,980 shares of the financial services provider’s stock worth $75,151,000 after acquiring an additional 6,724 shares in the last quarter. Arjuna Capital grew its holdings in shares of Ameriprise Financial by 14.6% in the 3rd quarter. Arjuna Capital now owns 12,613 shares of the financial services provider’s stock worth $6,196,000 after acquiring an additional 1,610 shares during the last quarter. Mediolanum International Funds Ltd grew its holdings in shares of Ameriprise Financial by 23.0% in the 3rd quarter. Mediolanum International Funds Ltd now owns 47,758 shares of the financial services provider’s stock worth $23,859,000 after acquiring an additional 8,927 shares during the last quarter. Finally, First Horizon Corp acquired a new stake in shares of Ameriprise Financial during the third quarter worth $1,454,000. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on AMP shares. Evercore ISI decreased their price target on Ameriprise Financial from $587.00 to $570.00 and set an “in-line” rating for the company in a research report on Thursday, October 9th. Jefferies Financial Group raised their target price on shares of Ameriprise Financial from $600.00 to $620.00 and gave the stock a “buy” rating in a report on Monday. Morgan Stanley lifted their target price on shares of Ameriprise Financial from $484.00 to $485.00 and gave the stock an “underweight” rating in a research report on Monday, December 22nd. Keefe, Bruyette & Woods reduced their price target on shares of Ameriprise Financial from $550.00 to $530.00 and set a “market perform” rating for the company in a research report on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ameriprise Financial in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $555.67.

Insider Transactions at Ameriprise Financial

In other Ameriprise Financial news, Director Robert Francis Sharpe, Jr. sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $450.94, for a total value of $676,410.00. Following the completion of the sale, the director directly owned 7,500 shares of the company’s stock, valued at $3,382,050. The trade was a 16.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.73% of the stock is owned by company insiders.

Ameriprise Financial Trading Up 2.7%

NYSE AMP opened at $544.61 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.86. Ameriprise Financial, Inc. has a 1-year low of $396.14 and a 1-year high of $552.43. The firm’s fifty day simple moving average is $496.25 and its 200-day simple moving average is $491.95. The company has a market capitalization of $50.60 billion, a PE ratio of 14.98, a price-to-earnings-growth ratio of 1.24 and a beta of 1.26.

Ameriprise Financial (NYSE:AMP) last issued its earnings results on Thursday, January 29th. The financial services provider reported $10.83 EPS for the quarter, beating analysts’ consensus estimates of $10.33 by $0.50. Ameriprise Financial had a return on equity of 63.04% and a net margin of 19.28%.The firm had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $4.75 billion. During the same quarter in the previous year, the company posted $9.54 earnings per share. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ameriprise Financial, Inc. will post 38.64 earnings per share for the current fiscal year.

Ameriprise Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Monday, February 9th will be given a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Monday, February 9th. Ameriprise Financial’s dividend payout ratio (DPR) is presently 17.60%.

About Ameriprise Financial

Ameriprise Financial, Inc is a diversified financial services company headquartered in Minneapolis, Minnesota. The firm provides a range of advice-based wealth management, asset management and insurance products to individual and institutional clients. Its business model centers on delivering financial planning and investment advice through a network of financial advisors alongside proprietary product offerings designed to meet retirement, protection and accumulation needs.

Core products and services include comprehensive financial planning and advisory services, managed investment portfolios, retirement planning solutions, annuities and life insurance products.