Ameriprise Financial, Inc. (NYSE:AMP) Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its position in Ameriprise Financial, Inc. (NYSE:AMPFree Report) by 151.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 7,348 shares of the financial services provider’s stock after acquiring an additional 4,426 shares during the period. Sequoia Financial Advisors LLC’s holdings in Ameriprise Financial were worth $2,791,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in AMP. Fairfield Bush & CO. acquired a new position in shares of Ameriprise Financial in the 1st quarter worth approximately $53,000. Synovus Financial Corp grew its position in shares of Ameriprise Financial by 2.9% in the 1st quarter. Synovus Financial Corp now owns 1,961 shares of the financial services provider’s stock worth $588,000 after acquiring an additional 56 shares in the last quarter. Aviva PLC boosted its position in Ameriprise Financial by 23.7% during the 1st quarter. Aviva PLC now owns 45,024 shares of the financial services provider’s stock valued at $13,523,000 after purchasing an additional 8,625 shares during the period. Prudential PLC acquired a new position in Ameriprise Financial during the 1st quarter valued at approximately $724,000. Finally, Cetera Investment Advisers boosted its position in Ameriprise Financial by 62.5% during the 1st quarter. Cetera Investment Advisers now owns 2,900 shares of the financial services provider’s stock valued at $871,000 after purchasing an additional 1,115 shares during the period. Institutional investors and hedge funds own 83.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AMP shares. Piper Sandler boosted their price objective on Ameriprise Financial from $360.00 to $392.00 and gave the company an “underweight” rating in a research report on Friday, April 5th. 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 research report on Wednesday, March 27th. Morgan Stanley boosted their price objective on Ameriprise Financial from $400.00 to $437.00 and gave the company an “equal weight” rating in a research report on Tuesday. Evercore ISI boosted their price objective on Ameriprise Financial from $400.00 to $445.00 and gave the company an “in-line” rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods boosted their price objective on Ameriprise Financial from $420.00 to $460.00 and gave the company a “market perform” rating in a research report on Wednesday. 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $441.00.

Read Our Latest Research Report on AMP

Insiders Place Their Bets

In other news, insider Gumer Alvero sold 1,652 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $437.00, for a total transaction of $721,924.00. Following the completion of the sale, the insider now directly owns 6,994 shares of the company’s stock, valued at approximately $3,056,378. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Ameriprise Financial news, insider Gumer Alvero sold 1,652 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were 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 directly owns 6,994 shares in the company, valued at $3,056,378. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO William F. Truscott sold 9,689 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $390.22, for a total transaction of $3,780,841.58. Following the sale, the chief executive officer now owns 12,126 shares in the company, valued at approximately $4,731,807.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 89,161 shares of company stock worth $35,560,647. 0.96% of the stock is owned by insiders.

Ameriprise Financial Stock Down 0.8 %

AMP opened at $422.48 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.56 and a current ratio of 0.56. The company has a market capitalization of $42.33 billion, a PE ratio of 17.82, a P/E/G ratio of 0.72 and a beta of 1.36. The stock’s fifty day moving average is $414.38 and its 200-day moving average is $374.16. Ameriprise Financial, Inc. has a one year low of $279.85 and a one year high of $440.67.

Ameriprise Financial (NYSE:AMPGet Free Report) last issued its quarterly earnings results on Thursday, January 25th. The financial services provider reported $7.75 earnings per share 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 the consensus estimate of $3.90 billion. During the same period in the prior year, the company earned $6.94 EPS. Ameriprise Financial’s revenue was up 9.0% on a year-over-year basis. On average, equities analysts predict that Ameriprise Financial, Inc. will post 34.46 EPS for the current fiscal year.

Ameriprise Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Friday, February 9th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Thursday, February 8th. Ameriprise Financial’s payout ratio is 22.78%.

Ameriprise Financial Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ameriprise Financial (NYSE:AMP)

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