Ameriprise Financial, Inc. $AMP Shares Acquired by Midwest Trust Co

Midwest Trust Co grew its position in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 2.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 111,048 shares of the financial services provider’s stock after buying an additional 2,529 shares during the quarter. Midwest Trust Co owned 0.12% of Ameriprise Financial worth $54,552,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of AMP. Linden Thomas Advisory Services LLC boosted its stake in shares of Ameriprise Financial by 1.8% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 4,170 shares of the financial services provider’s stock worth $2,049,000 after purchasing an additional 74 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Ameriprise Financial by 26.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 7,250 shares of the financial services provider’s stock valued at $3,562,000 after buying an additional 1,508 shares during the last quarter. Candriam S.C.A. boosted its holdings in Ameriprise Financial by 83.9% in the third quarter. Candriam S.C.A. now owns 63,839 shares of the financial services provider’s stock worth $31,361,000 after purchasing an additional 29,116 shares during the period. Lowe Brockenbrough & Co. Inc. increased its position in Ameriprise Financial by 0.4% in the third quarter. Lowe Brockenbrough & Co. Inc. now owns 33,764 shares of the financial services provider’s stock worth $16,587,000 after buying an additional 123 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Ameriprise Financial by 24.0% during the third quarter. Smartleaf Asset Management LLC now owns 3,583 shares of the financial services provider’s stock valued at $1,790,000 after buying an additional 694 shares during the last quarter. 83.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMP has been the subject of a number of recent research reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $605.00 price objective (up previously from $580.00) on shares of Ameriprise Financial in a research report on Monday, February 2nd. Argus cut their price target on Ameriprise Financial from $568.00 to $554.00 and set a “buy” rating for the company in a report on Thursday, November 13th. Keefe, Bruyette & Woods decreased their target price on shares of Ameriprise Financial from $550.00 to $530.00 and set a “market perform” rating on the stock in a research report on Monday, November 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of Ameriprise Financial in a report on Monday, December 29th. Finally, Piper Sandler raised Ameriprise Financial from an “underweight” rating to a “neutral” rating and increased their price target for the company from $434.00 to $530.00 in a research note on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Ameriprise Financial has a consensus rating of “Hold” and an average target price of $555.67.

Ameriprise Financial Trading Down 0.7%

AMP opened at $539.30 on Tuesday. The stock has a market cap of $50.11 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 1.27 and a beta of 1.26. The company has a fifty day moving average of $501.31 and a 200-day moving average of $491.83. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.86. Ameriprise Financial, Inc. has a twelve month low of $396.14 and a twelve month high of $552.43.

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

Ameriprise Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Monday, February 9th will be issued a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Monday, February 9th. Ameriprise Financial’s dividend payout ratio is 17.60%.

Insider Buying and Selling

In other news, CFO Walter Stanley Berman sold 7,000 shares of the firm’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $544.22, for a total transaction of $3,809,540.00. Following the sale, the chief financial officer owned 5,609 shares of the company’s stock, valued at $3,052,529.98. This trade represents a 55.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert Francis Sharpe, Jr. sold 1,500 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $450.94, for a total value of $676,410.00. Following the completion of the transaction, the director directly owned 7,500 shares in the company, valued at $3,382,050. This trade represents a 16.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.57% of the stock is owned by insiders.

Ameriprise Financial Company Profile

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.