Livforsakringsbolaget Skandia Omsesidigt Has $4.45 Million Holdings in Ameriprise Financial, Inc. (NYSE:AMP)

Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,711 shares of the financial services provider’s stock after purchasing an additional 88 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Ameriprise Financial were worth $4,448,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of AMP. OFI Invest Asset Management acquired a new position in Ameriprise Financial in the third quarter valued at $25,000. Financial Freedom LLC acquired a new position in Ameriprise Financial in the fourth quarter valued at $27,000. Carmel Capital Partners LLC acquired a new position in Ameriprise Financial in the third quarter valued at $30,000. FinTrust Capital Advisors LLC acquired a new position in Ameriprise Financial in the fourth quarter valued at $32,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in Ameriprise Financial in the fourth quarter valued at $34,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

Ameriprise Financial Stock Up 0.2 %

NYSE AMP traded up $0.92 during trading hours on Wednesday, reaching $411.77. 518,103 shares of the company’s stock traded hands, compared to its average volume of 486,216. Ameriprise Financial, Inc. has a 52-week low of $279.85 and a 52-week high of $440.67. The firm has a market cap of $41.26 billion, a PE ratio of 17.37, a PEG ratio of 0.68 and a beta of 1.36. The firm has a 50-day simple moving average of $415.72 and a 200 day simple moving average of $376.51. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.56 and a quick ratio of 0.56.

Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings results on Thursday, January 25th. The financial services provider reported $7.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.67 by $0.08. Ameriprise Financial had a net margin of 16.27% and a return on equity of 77.39%. The company had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $3.90 billion. During the same period last year, the company posted $6.94 EPS. Ameriprise Financial’s revenue was up 9.0% on a year-over-year basis. Sell-side analysts anticipate that Ameriprise Financial, Inc. will post 34.43 EPS for the current fiscal year.

Ameriprise Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Friday, February 9th were paid a $1.35 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.31%. Ameriprise Financial’s dividend payout ratio is presently 22.78%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. UBS Group upped their price objective on shares of Ameriprise Financial from $440.00 to $445.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Keefe, Bruyette & Woods increased their price target on shares of Ameriprise Financial from $420.00 to $460.00 and gave the stock a “market perform” rating in a report on Wednesday, April 10th. Royal Bank of Canada increased their price target on shares of Ameriprise Financial from $410.00 to $420.00 and gave the stock an “outperform” rating in a report on Monday, January 22nd. Piper Sandler increased their price target on shares of Ameriprise Financial from $360.00 to $392.00 and gave the stock an “underweight” rating in a report on Friday, April 5th. Finally, The Goldman Sachs Group increased their price target on shares of Ameriprise Financial from $437.00 to $488.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $441.00.

Insider Transactions at Ameriprise Financial

In other news, SVP Dawn M. Brockman sold 224 shares of Ameriprise Financial stock in a transaction that occurred 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 in the company, valued at $559,159.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Dawn M. Brockman sold 224 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $434.13, for a total transaction of $97,245.12. Following the completion of the sale, the senior vice president now directly owns 1,288 shares in the company, valued at $559,159.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gumer Alvero sold 1,652 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $437.00, for a total transaction of $721,924.00. Following the sale, the insider now owns 6,994 shares of the company’s stock, valued at $3,056,378. The disclosure for this sale can be found here. Insiders sold 89,161 shares of company stock worth $35,560,647 over the last three months. 0.96% of the stock is currently owned by company insiders.

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.