569 Shares in Ameriprise Financial, Inc. (NYSE:AMP) Purchased by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. bought a new position in shares of Ameriprise Financial, Inc. (NYSE:AMP) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 569 shares of the financial services provider’s stock, valued at approximately $216,000.

A number of other hedge funds also recently bought and sold shares of the business. Duality Advisers LP purchased a new position in Ameriprise Financial during the fourth quarter worth approximately $1,213,000. Cetera Trust Company N.A purchased a new position in shares of Ameriprise Financial in the fourth quarter valued at approximately $418,000. Heritage Investment Group Inc. purchased a new position in shares of Ameriprise Financial in the fourth quarter valued at approximately $245,000. CWM LLC lifted its position in shares of Ameriprise Financial by 35.7% in the fourth quarter. CWM LLC now owns 3,301 shares of the financial services provider’s stock valued at $1,254,000 after acquiring an additional 868 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Ameriprise Financial by 1.2% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,601 shares of the financial services provider’s stock valued at $3,647,000 after acquiring an additional 118 shares in the last quarter. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Insider Activity

In other news, SVP Dawn M. Brockman sold 224 shares of Ameriprise Financial stock in a transaction 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 completion of the sale, the senior vice president now directly owns 1,288 shares of the company’s stock, valued at $559,159.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, SVP Dawn M. Brockman sold 224 shares of Ameriprise Financial stock in a transaction 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 completion of the sale, the senior vice president now directly owns 1,288 shares of the company’s stock, valued at $559,159.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Walter Stanley Berman sold 13,346 shares of Ameriprise Financial stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $387.81, for a total value of $5,175,712.26. Following the completion of the sale, the chief financial officer now directly owns 6,409 shares of the company’s stock, valued at $2,485,474.29. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 89,161 shares of company stock valued at $35,560,647. 0.96% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on AMP shares. Raymond James started coverage on Ameriprise Financial in a research report on Thursday, March 21st. They issued a “market perform” rating on the stock. Morgan Stanley raised their target price on Ameriprise Financial from $400.00 to $437.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. The Goldman Sachs Group lifted their price objective on Ameriprise Financial from $437.00 to $488.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. Royal Bank of Canada lifted their price objective on Ameriprise Financial from $470.00 to $480.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Evercore ISI lifted their price objective on Ameriprise Financial from $400.00 to $445.00 and gave the stock an “in-line” rating in a research report on Thursday, April 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $449.57.

Ameriprise Financial Price Performance

AMP stock opened at $412.86 on Thursday. The business has a fifty day moving average of $418.15 and a two-hundred day moving average of $379.98. 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 stock has a market cap of $41.36 billion, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 0.69 and a beta of 1.36. Ameriprise Financial, Inc. has a 52-week low of $279.85 and a 52-week high of $440.67.

Ameriprise Financial (NYSE:AMP) last posted its earnings results on Wednesday, April 24th. The financial services provider reported $8.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.10 by $0.29. The company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.15 billion. Ameriprise Financial had a return on equity of 78.98% and a net margin of 19.42%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the firm earned $7.25 earnings per share. As a group, research analysts anticipate that Ameriprise Financial, Inc. will post 34.43 earnings per share for the current year.

Ameriprise Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Monday, May 6th will be paid a dividend of $1.48 per share. This is a boost from Ameriprise Financial’s previous quarterly dividend of $1.35. The ex-dividend date is Friday, May 3rd. This represents a $5.92 annualized dividend and a yield of 1.43%. Ameriprise Financial’s dividend payout ratio (DPR) is 18.38%.

Ameriprise Financial 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.