Ameriprise Financial, Inc. (NYSE:AMP) CEO William F. Truscott sold 8,000 shares of Ameriprise Financial stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $134.63, for a total value of $1,077,040.00. Following the transaction, the chief executive officer now owns 10,370 shares in the company, valued at $1,396,113.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Ameriprise Financial, Inc. (NYSE:AMP) traded down 0.93% during mid-day trading on Monday, reaching $130.49. The company had a trading volume of 1,009,254 shares. The stock has a market cap of $20.10 billion, a PE ratio of 16.71 and a beta of 1.77. Ameriprise Financial, Inc. has a 12 month low of $84.92 and a 12 month high of $135.20. The firm’s 50-day moving average price is $127.38 and its 200-day moving average price is $111.24.
Ameriprise Financial (NYSE:AMP) last released its quarterly earnings data on Wednesday, February 1st. The company reported $2.73 EPS for the quarter, beating the Zacks’ consensus estimate of $2.43 by $0.30. Ameriprise Financial had a net margin of 11.23% and a return on equity of 23.18%. The business earned $3.10 billion during the quarter, compared to analysts’ expectations of $2.95 billion. During the same quarter in the prior year, the company earned $2.47 EPS. Equities research analysts forecast that Ameriprise Financial, Inc. will post $10.61 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 28th. Investors of record on Monday, February 13th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend was Thursday, February 9th. Ameriprise Financial’s dividend payout ratio is currently 38.36%.
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Several equities analysts have recently issued reports on the company. William Blair assumed coverage on Ameriprise Financial in a research report on Thursday, March 2nd. They set an “outperform” rating and a $138.80 price target on the stock. Zacks Investment Research upgraded Ameriprise Financial from a “hold” rating to a “buy” rating and set a $136.00 price target on the stock in a research report on Monday, February 6th. Citigroup Inc assumed coverage on Ameriprise Financial in a research report on Thursday, January 26th. They set a “buy” rating and a $139.00 price target on the stock. Deutsche Bank AG reiterated a “hold” rating and set a $127.00 price target (up from $120.00) on shares of Ameriprise Financial in a research report on Wednesday, January 25th. Finally, Credit Suisse Group AG upgraded Ameriprise Financial from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $121.00 to $152.00 in a research report on Monday, January 9th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $126.08.
Several hedge funds have recently added to or reduced their stakes in AMP. Stratos Wealth Partners LTD. boosted its stake in Ameriprise Financial by 0.7% in the third quarter. Stratos Wealth Partners LTD. now owns 3,286 shares of the company’s stock worth $328,000 after buying an additional 23 shares in the last quarter. Dean Investment Associates LLC boosted its position in Ameriprise Financial by 0.9% in the third quarter. Dean Investment Associates LLC now owns 4,651 shares of the company’s stock worth $464,000 after buying an additional 43 shares during the period. Westpac Banking Corp boosted its position in Ameriprise Financial by 0.6% in the third quarter. Westpac Banking Corp now owns 9,678 shares of the company’s stock worth $966,000 after buying an additional 60 shares during the period. Assetmark Inc. boosted its position in Ameriprise Financial by 1.8% in the third quarter. Assetmark Inc. now owns 3,506 shares of the company’s stock worth $350,000 after buying an additional 62 shares during the period. Finally, Regentatlantic Capital LLC boosted its position in Ameriprise Financial by 1.2% in the third quarter. Regentatlantic Capital LLC now owns 5,693 shares of the company’s stock worth $568,000 after buying an additional 65 shares during the period. Institutional investors and hedge funds own 78.42% of the company’s stock.
Ameriprise Financial Company Profile
Ameriprise Financial, Inc is a diversified financial services company that offers financial solutions to individual and institutional clients. The Company operates in five segments: Advice & Wealth Management; Asset Management; Annuities; Protection, and Corporate & Other. The Advice & Wealth Management segment provides financial planning and advice, as well as brokerage services, primarily to retail clients through advisors.
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