Ameriprise Financial, Inc. (NYSE:AMP) Shares Bought by Syon Capital LLC

Syon Capital LLC lifted its position in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 5.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,783 shares of the financial services provider’s stock after buying an additional 90 shares during the period. Syon Capital LLC’s holdings in Ameriprise Financial were worth $677,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in AMP. Venture Visionary Partners LLC increased its holdings in shares of Ameriprise Financial by 2.9% during the 4th quarter. Venture Visionary Partners LLC now owns 14,874 shares of the financial services provider’s stock worth $5,650,000 after buying an additional 416 shares during the last quarter. 17 Capital Partners LLC acquired a new stake in shares of Ameriprise Financial during the 4th quarter worth $2,078,000. Cerity Partners LLC increased its holdings in Ameriprise Financial by 280.6% in the 4th quarter. Cerity Partners LLC now owns 30,502 shares of the financial services provider’s stock valued at $11,585,000 after purchasing an additional 22,487 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Ameriprise Financial in the 3rd quarter valued at $1,150,000. Finally, Harbor Investment Advisory LLC increased its holdings in Ameriprise Financial by 75.4% in the 4th quarter. Harbor Investment Advisory LLC now owns 335 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 144 shares in the last quarter. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Insider Buying and Selling

In related news, insider Gumer Alvero sold 1,652 shares of Ameriprise Financial stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $437.00, for a total transaction of $721,924.00. Following the transaction, the insider now directly owns 6,994 shares of the company’s stock, valued at $3,056,378. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Gumer Alvero sold 1,652 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $437.00, for a total value of $721,924.00. Following the completion of the transaction, the insider now owns 6,994 shares in the company, valued at approximately $3,056,378. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction, the senior vice president now owns 1,288 shares of the company’s stock, valued at approximately $559,159.44. The disclosure for this sale can be found here. Insiders have sold a total of 79,472 shares of company stock valued at $31,779,805 over the last three months. Company insiders own 0.73% of the company’s stock.

Analyst Upgrades and Downgrades

AMP has been the subject of several recent research reports. Morgan Stanley increased their price target on Ameriprise Financial from $400.00 to $437.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Piper Sandler raised their target price on Ameriprise Financial from $360.00 to $392.00 and gave the company an “underweight” rating in a research note on Friday, April 5th. UBS Group boosted their price objective on Ameriprise Financial from $440.00 to $445.00 and gave the company a “buy” rating in a report on Thursday, January 25th. The Goldman Sachs Group boosted their price objective on Ameriprise Financial from $437.00 to $488.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Finally, Keefe, Bruyette & Woods upped their target price on Ameriprise Financial from $420.00 to $460.00 and gave the company a “market perform” rating in a report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $449.57.

Ameriprise Financial Stock Performance

Shares of AMP traded down $0.90 during trading hours on Friday, reaching $410.01. 410,809 shares of the company’s stock traded hands, compared to its average volume of 503,375. The firm has a market capitalization of $41.08 billion, a price-to-earnings ratio of 13.98, a P/E/G ratio of 0.68 and a beta of 1.36. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.56 and a quick ratio of 0.56. Ameriprise Financial, Inc. has a twelve month low of $279.85 and a twelve month high of $440.67. The business’s fifty day simple moving average is $418.41 and its two-hundred day simple moving average is $380.19.

Ameriprise Financial (NYSE:AMP) last released its earnings results on Monday, April 22nd. The financial services provider reported $8.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.10 by $0.29. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.15 billion. Ameriprise Financial had a return on equity of 75.97% and a net margin of 19.42%. Ameriprise Financial’s revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the company earned $7.25 earnings per share. Analysts predict that Ameriprise Financial, Inc. will post 34.58 earnings per share for the current year.

Ameriprise Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Monday, May 6th will be issued a dividend of $1.48 per share. This is a positive change from Ameriprise Financial’s previous quarterly dividend of $1.35. This represents a $5.92 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Friday, May 3rd. Ameriprise Financial’s payout ratio is presently 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.