Brown Advisory Inc. Sells 6,101 Shares of Ameriprise Financial, Inc. $AMP

Brown Advisory Inc. decreased its position in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 3.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 153,010 shares of the financial services provider’s stock after selling 6,101 shares during the period. Brown Advisory Inc.’s holdings in Ameriprise Financial were worth $81,666,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of AMP. Brighton Jones LLC boosted its position in shares of Ameriprise Financial by 6.9% in the 4th quarter. Brighton Jones LLC now owns 777 shares of the financial services provider’s stock worth $413,000 after purchasing an additional 50 shares in the last quarter. Wealthspire Advisors LLC increased its position in Ameriprise Financial by 3.6% during the 1st quarter. Wealthspire Advisors LLC now owns 2,153 shares of the financial services provider’s stock valued at $1,042,000 after buying an additional 75 shares in the last quarter. Citizens Financial Group Inc. RI raised its stake in Ameriprise Financial by 40.2% in the first quarter. Citizens Financial Group Inc. RI now owns 2,838 shares of the financial services provider’s stock valued at $1,374,000 after buying an additional 814 shares during the last quarter. ASR Vermogensbeheer N.V. acquired a new stake in Ameriprise Financial in the first quarter worth about $3,634,000. Finally, Ontario Teachers Pension Plan Board boosted its holdings in Ameriprise Financial by 3.2% in the first quarter. Ontario Teachers Pension Plan Board now owns 1,307 shares of the financial services provider’s stock worth $633,000 after acquiring an additional 40 shares in the last quarter. 83.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMP has been the topic of several recent analyst reports. Royal Bank Of Canada cut their price objective on shares of Ameriprise Financial from $601.00 to $550.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Ameriprise Financial in a research report on Thursday. BMO Capital Markets started coverage on shares of Ameriprise Financial in a report on Friday, October 3rd. They issued a “market perform” rating and a $525.00 price target for the company. Morgan Stanley lowered their price objective on shares of Ameriprise Financial from $530.00 to $484.00 and set an “underweight” rating for the company in a research note on Wednesday, October 1st. Finally, Argus dropped their price objective on shares of Ameriprise Financial from $568.00 to $554.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $533.22.

Insider Activity

In other news, Director Robert Francis Sharpe, Jr. sold 1,500 shares of the stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $450.94, for a total transaction of $676,410.00. Following the sale, the director directly owned 7,500 shares of the company’s stock, valued at $3,382,050. This represents a 16.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.73% of the stock is currently owned by insiders.

Ameriprise Financial Stock Up 0.6%

Ameriprise Financial stock opened at $476.91 on Friday. Ameriprise Financial, Inc. has a 52 week low of $396.14 and a 52 week high of $582.05. The firm has a market cap of $44.31 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 1.19 and a beta of 1.26. The business’s 50-day moving average price is $468.90 and its 200 day moving average price is $498.07. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.88.

Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings data on Thursday, October 30th. The financial services provider reported $9.92 EPS for the quarter, topping analysts’ consensus estimates of $9.76 by $0.16. Ameriprise Financial had a net margin of 20.12% and a return on equity of 64.97%. The business had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.51 billion. During the same quarter last year, the company earned $9.02 EPS. The business’s revenue was up 9.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Ameriprise Financial, Inc. will post 38.64 earnings per share for the current year.

Ameriprise Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 10th were given a $1.60 dividend. The ex-dividend date was Monday, November 10th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.3%. Ameriprise Financial’s dividend payout ratio is 17.55%.

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.