Fiduciary Trust Co Purchases 128 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Fiduciary Trust Co grew its stake in shares of Ameriprise Financial, Inc. (NYSE:AMPFree Report) by 3.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,391 shares of the financial services provider’s stock after acquiring an additional 128 shares during the period. Fiduciary Trust Co’s holdings in Ameriprise Financial were worth $1,288,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMP. Turtle Creek Wealth Advisors LLC bought a new position in Ameriprise Financial in the 4th quarter worth approximately $34,000. Wetzel Investment Advisors Inc. bought a new position in Ameriprise Financial in the 4th quarter worth approximately $34,000. Fortitude Family Office LLC bought a new position in Ameriprise Financial in the 4th quarter worth approximately $39,000. Pacific Capital Wealth Advisors Inc. bought a new position in Ameriprise Financial in the 4th quarter worth approximately $51,000. Finally, JFS Wealth Advisors LLC boosted its holdings in Ameriprise Financial by 52.2% in the 4th quarter. JFS Wealth Advisors LLC now owns 140 shares of the financial services provider’s stock worth $53,000 after buying an additional 48 shares during the period. 83.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on AMP. Evercore ISI increased their target price on shares of Ameriprise Financial from $400.00 to $445.00 and gave the stock an “in-line” rating in a research note on Thursday, April 11th. Argus increased their target price on shares of Ameriprise Financial from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Piper Sandler increased their target price on shares of Ameriprise Financial from $360.00 to $392.00 and gave the stock an “underweight” rating in a research note on Friday, April 5th. Raymond James started coverage on shares of Ameriprise Financial in a research report on Thursday, March 21st. They set a “market perform” rating on the stock. Finally, Royal Bank of Canada raised their price objective on shares of Ameriprise Financial from $470.00 to $480.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $450.88.

Check Out Our Latest Analysis on Ameriprise Financial

Ameriprise Financial Trading Up 0.5 %

NYSE:AMP traded up $2.11 during trading hours on Thursday, reaching $430.09. The company’s stock had a trading volume of 200,474 shares, compared to its average volume of 478,760. The firm has a market capitalization of $42.72 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 0.74 and a beta of 1.35. The firm has a 50-day simple moving average of $426.81 and a 200-day simple moving average of $398.19. Ameriprise Financial, Inc. has a 1 year low of $295.65 and a 1 year high of $442.79. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.56 and a current ratio of 0.56.

Ameriprise Financial (NYSE:AMPGet Free Report) last issued its earnings results on Wednesday, April 24th. The financial services provider reported $8.39 EPS for the quarter, topping analysts’ consensus estimates of $8.10 by $0.29. The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.15 billion. Ameriprise Financial had a net margin of 19.42% and a return on equity of 75.97%. The firm’s revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the company earned $7.25 EPS. Research analysts expect that Ameriprise Financial, Inc. will post 34.93 EPS for the current fiscal year.

Ameriprise Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Monday, May 6th were issued a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Friday, May 3rd. This is a positive change from Ameriprise Financial’s previous quarterly dividend of $1.35. Ameriprise Financial’s dividend payout ratio (DPR) is 20.15%.

Insiders Place Their Bets

In other Ameriprise Financial news, SVP Dawn M. Brockman sold 224 shares of the firm’s 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 sale, the senior vice president now owns 1,288 shares of the company’s stock, valued at approximately $559,159.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Ameriprise Financial news, SVP Dawn M. Brockman sold 224 shares of the firm’s 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 sale, the senior vice president now owns 1,288 shares of the company’s stock, valued at approximately $559,159.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert Francis Sharpe, Jr. sold 1,500 shares of Ameriprise Financial stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $438.07, for a total transaction of $657,105.00. Following the sale, the director now directly owns 11,000 shares in the company, valued at approximately $4,818,770. The disclosure for this sale can be found here. Insiders have sold a total of 3,376 shares of company stock valued at $1,476,274 in the last quarter. Insiders own 0.73% of the company’s stock.

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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