Ameriprise Financial, Inc. $AMP Shares Acquired by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd lifted its position in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 2,600.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,483 shares of the financial services provider’s stock after acquiring an additional 3,354 shares during the quarter. Ameriprise Financial accounts for approximately 0.9% of Aster Capital Management DIFC Ltd’s investment portfolio, making the stock its 21st biggest holding. Aster Capital Management DIFC Ltd’s holdings in Ameriprise Financial were worth $1,711,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Pinnacle Wealth Management Advisory Group LLC grew its holdings in Ameriprise Financial by 2.9% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 733 shares of the financial services provider’s stock valued at $391,000 after purchasing an additional 21 shares during the period. CreativeOne Wealth LLC lifted its position in shares of Ameriprise Financial by 2.3% during the 2nd quarter. CreativeOne Wealth LLC now owns 932 shares of the financial services provider’s stock valued at $497,000 after buying an additional 21 shares in the last quarter. Rexford Capital Inc. lifted its position in shares of Ameriprise Financial by 20.6% during the 3rd quarter. Rexford Capital Inc. now owns 123 shares of the financial services provider’s stock valued at $60,000 after buying an additional 21 shares in the last quarter. Dakota Community Bank & Trust NA grew its stake in Ameriprise Financial by 2.4% in the 3rd quarter. Dakota Community Bank & Trust NA now owns 942 shares of the financial services provider’s stock valued at $463,000 after acquiring an additional 22 shares during the period. Finally, RWA Wealth Partners LLC increased its holdings in Ameriprise Financial by 0.5% in the 2nd quarter. RWA Wealth Partners LLC now owns 4,367 shares of the financial services provider’s stock worth $2,331,000 after acquiring an additional 23 shares in the last quarter. Institutional investors and hedge funds own 83.95% of the company’s stock.

Ameriprise Financial Stock Up 1.8%

Shares of NYSE AMP opened at $486.88 on Friday. Ameriprise Financial, Inc. has a 1 year low of $396.14 and a 1 year high of $550.18. The company has a market capitalization of $44.39 billion, a P/E ratio of 13.39, a P/E/G ratio of 1.11 and a beta of 1.26. The company has a 50 day simple moving average of $499.40 and a 200-day simple moving average of $488.88. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.68 and a quick ratio of 0.68.

Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings data on Thursday, January 29th. The financial services provider reported $10.83 earnings per share for the quarter, topping the consensus estimate of $10.33 by $0.50. Ameriprise Financial had a return on equity of 63.04% and a net margin of 19.28%.The company had revenue of $4.92 billion during the quarter, compared to analyst estimates of $4.75 billion. During the same period in the prior year, the business posted $9.54 earnings per share. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, equities research analysts predict that Ameriprise Financial, Inc. will post 38.64 earnings per share for the current year.

Ameriprise Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Monday, February 9th will be given a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, February 9th. Ameriprise Financial’s dividend payout ratio (DPR) is presently 17.60%.

Analyst Ratings Changes

Several research firms have issued reports on AMP. Piper Sandler raised shares of Ameriprise Financial from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $434.00 to $530.00 in a report on Friday, January 30th. Morgan Stanley raised their price target on shares of Ameriprise Financial from $484.00 to $485.00 and gave the company an “underweight” rating in a research note on Monday, December 22nd. Raymond James Financial set a $582.00 price objective on Ameriprise Financial and gave the stock a “strong-buy” rating in a research note on Wednesday, February 11th. Jefferies Financial Group raised their target price on Ameriprise Financial from $600.00 to $620.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Finally, Argus dropped their price target on Ameriprise Financial from $568.00 to $554.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Ameriprise Financial has a consensus rating of “Hold” and a consensus price target of $555.67.

Insider Activity at Ameriprise Financial

In other Ameriprise Financial news, CEO William F. Truscott sold 5,000 shares of Ameriprise Financial stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $532.08, for a total transaction of $2,660,400.00. Following the completion of the sale, the chief executive officer directly owned 12,149 shares in the company, valued at $6,464,239.92. This trade represents a 29.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Walter Stanley Berman sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $544.22, for a total transaction of $3,809,540.00. Following the completion of the sale, the chief financial officer directly owned 5,609 shares in the company, valued at $3,052,529.98. This trade represents a 55.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 16,658 shares of company stock worth $8,998,675. Company insiders own 0.73% of the company’s stock.

Ameriprise Financial Profile

Ameriprise Financial, Inc is a diversified financial services company headquartered in Minneapolis, Minnesota. The firm provides a range of advice-based wealth management, asset management and insurance products to individual and institutional clients. Its business model centers on delivering financial planning and investment advice through a network of financial advisors alongside proprietary product offerings designed to meet retirement, protection and accumulation needs.

Core products and services include comprehensive financial planning and advisory services, managed investment portfolios, retirement planning solutions, annuities and life insurance products.