Ameriprise Financial, Inc. $AMP Shares Purchased by First Bank & Trust

First Bank & Trust increased its position in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 165.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,853 shares of the financial services provider’s stock after buying an additional 1,155 shares during the quarter. First Bank & Trust’s holdings in Ameriprise Financial were worth $909,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Ameriprise Financial by 0.4% in the third quarter. State Street Corp now owns 4,420,072 shares of the financial services provider’s stock valued at $2,171,360,000 after acquiring an additional 18,879 shares during the period. Norges Bank acquired a new position in shares of Ameriprise Financial in the 2nd quarter valued at $693,736,000. Boston Partners increased its holdings in shares of Ameriprise Financial by 1.1% in the 3rd quarter. Boston Partners now owns 1,193,048 shares of the financial services provider’s stock valued at $586,083,000 after acquiring an additional 13,172 shares during the period. Federated Hermes Inc. raised its position in Ameriprise Financial by 29.3% in the 3rd quarter. Federated Hermes Inc. now owns 966,163 shares of the financial services provider’s stock valued at $474,628,000 after purchasing an additional 219,080 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Ameriprise Financial by 8.7% during the 2nd quarter. Invesco Ltd. now owns 885,447 shares of the financial services provider’s stock worth $472,590,000 after purchasing an additional 71,109 shares during the period. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Insider Buying and Selling at Ameriprise Financial

In other news, CFO Walter Stanley Berman sold 7,000 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $544.22, for a total transaction of $3,809,540.00. Following the completion of the transaction, the chief financial officer directly owned 5,609 shares of the company’s stock, valued at approximately $3,052,529.98. This represents a 55.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO William F. Truscott sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $532.08, for a total value of $2,660,400.00. Following the completion of the sale, the chief executive officer directly owned 12,149 shares of the company’s stock, valued at $6,464,239.92. This represents a 29.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 16,658 shares of company stock valued at $8,998,675. 0.73% of the stock is owned by corporate insiders.

Ameriprise Financial Stock Performance

Shares of AMP opened at $451.76 on Thursday. The stock has a market capitalization of $41.19 billion, a P/E ratio of 12.42, a P/E/G ratio of 1.04 and a beta of 1.27. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.68 and a current ratio of 0.68. Ameriprise Financial, Inc. has a 1 year low of $396.14 and a 1 year high of $550.18. The company’s fifty day moving average is $481.20 and its two-hundred day moving average is $481.00.

Ameriprise Financial (NYSE:AMP) last released its earnings results on Thursday, January 29th. The financial services provider reported $10.83 EPS for the quarter, topping the consensus estimate of $10.33 by $0.50. The company had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.75 billion. Ameriprise Financial had a net margin of 19.28% and a return on equity of 63.04%. The business’s revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the business earned $9.54 EPS. On average, sell-side analysts predict 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 Friday, February 27th. Investors of record on Monday, February 9th were given a $1.60 dividend. The ex-dividend date was Monday, February 9th. This represents a $6.40 dividend on an annualized basis and a yield of 1.4%. Ameriprise Financial’s dividend payout ratio (DPR) is presently 17.60%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Ameriprise Financial in a research report on Monday, December 29th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Ameriprise Financial in a report on Tuesday, March 3rd. Piper Sandler raised Ameriprise Financial from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $434.00 to $530.00 in a report on Friday, January 30th. Jefferies Financial Group boosted their price target 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, Morgan Stanley upped their price objective on Ameriprise Financial from $484.00 to $485.00 and gave the company an “underweight” rating in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $555.67.

Ameriprise Financial Company 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.