Dawn M. Brockman Sells 224 Shares of Ameriprise Financial, Inc. (NYSE:AMP) Stock

Ameriprise Financial, Inc. (NYSE:AMP) SVP Dawn M. Brockman sold 224 shares of the stock in a transaction on Tuesday, March 26th. The shares were 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Ameriprise Financial Trading Up 0.6 %

Shares of NYSE AMP traded up $2.50 during midday trading on Thursday, hitting $438.48. 446,250 shares of the company traded hands, compared to its average volume of 491,902. Ameriprise Financial, Inc. has a 12-month low of $279.85 and a 12-month high of $440.64. The firm has a market cap of $43.93 billion, a P/E ratio of 18.49, a P/E/G ratio of 0.80 and a beta of 1.36. The stock has a 50-day moving average price of $404.47 and a 200 day moving average price of $367.57. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.56 and a current ratio of 0.56.

Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings data on Thursday, January 25th. The financial services provider reported $7.75 earnings per share for the quarter, topping analysts’ consensus estimates of $7.67 by $0.08. The business had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $3.90 billion. Ameriprise Financial had a net margin of 16.27% and a return on equity of 77.39%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $6.94 earnings per share. As a group, analysts expect that Ameriprise Financial, Inc. will post 34.2 earnings per share for the current year.

Ameriprise Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Friday, February 9th were given a dividend of $1.35 per share. The ex-dividend date was Thursday, February 8th. This represents a $5.40 dividend on an annualized basis and a yield of 1.23%. Ameriprise Financial’s dividend payout ratio (DPR) is 22.78%.

Analyst Upgrades and Downgrades

Several research firms have commented on AMP. UBS Group increased their price objective on shares of Ameriprise Financial from $440.00 to $445.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. StockNews.com lowered Ameriprise Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, November 29th. Raymond James began coverage on shares of Ameriprise Financial in a report on Thursday, March 21st. They set a “market perform” rating on the stock. Keefe, Bruyette & Woods raised their price objective on Ameriprise Financial from $400.00 to $420.00 and gave the company a “market perform” rating in a research note on Tuesday, January 30th. Finally, Evercore ISI lowered Ameriprise Financial from an “outperform” rating to an “in-line” rating and raised their price target for the stock from $385.00 to $400.00 in a research report on Thursday, January 4th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $428.83.

Hedge Funds Weigh In On Ameriprise Financial

Institutional investors and hedge funds have recently modified their holdings of the company. Nomura Holdings Inc. purchased a new position in Ameriprise Financial during the fourth quarter valued at $775,000. HighPoint Advisor Group LLC bought a new stake in Ameriprise Financial during the 4th quarter worth approximately $1,029,000. Cove Private Wealth LLC purchased a new position in Ameriprise Financial during the fourth quarter valued at approximately $2,145,000. Wellington Management Group LLP boosted its position in shares of Ameriprise Financial by 11.4% in the fourth quarter. Wellington Management Group LLP now owns 6,158 shares of the financial services provider’s stock worth $2,339,000 after purchasing an additional 630 shares during the period. Finally, EP Wealth Advisors LLC increased its stake in shares of Ameriprise Financial by 6.1% in the fourth quarter. EP Wealth Advisors LLC now owns 1,648 shares of the financial services provider’s stock worth $626,000 after purchasing an additional 95 shares in the last quarter. 83.95% of the stock is currently owned by hedge funds and other institutional investors.

Ameriprise Financial Company 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.