Ameriprise Financial, Inc. (NYSE:AMP) Shares Sold by Loudon Investment Management LLC

Loudon Investment Management LLC reduced its stake in Ameriprise Financial, Inc. (NYSE:AMP) by 3.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,987 shares of the financial services provider’s stock after selling 230 shares during the quarter. Ameriprise Financial accounts for 1.8% of Loudon Investment Management LLC’s investment portfolio, making the stock its 20th largest position. Loudon Investment Management LLC’s holdings in Ameriprise Financial were worth $3,188,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Northwest & Ethical Investments L.P. lifted its holdings in shares of Ameriprise Financial by 85.9% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 20,621 shares of the financial services provider’s stock worth $10,979,000 after acquiring an additional 9,527 shares during the last quarter. Wilkins Investment Counsel Inc. lifted its holdings in Ameriprise Financial by 6.5% during the 4th quarter. Wilkins Investment Counsel Inc. now owns 586 shares of the financial services provider’s stock worth $312,000 after buying an additional 36 shares in the last quarter. Royal London Asset Management Ltd. lifted its holdings in Ameriprise Financial by 6.2% during the 4th quarter. Royal London Asset Management Ltd. now owns 43,781 shares of the financial services provider’s stock worth $23,310,000 after buying an additional 2,545 shares in the last quarter. Harvest Fund Management Co. Ltd lifted its holdings in Ameriprise Financial by 7,661.3% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 2,406 shares of the financial services provider’s stock worth $1,281,000 after buying an additional 2,375 shares in the last quarter. Finally, Brooklyn FI LLC acquired a new stake in Ameriprise Financial during the 4th quarter worth approximately $1,195,000. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Ameriprise Financial Trading Down 1.3 %

NYSE AMP opened at $492.77 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.59 and a quick ratio of 0.59. The firm’s fifty day moving average price is $528.49 and its 200 day moving average price is $519.94. The company has a market capitalization of $47.36 billion, a price-to-earnings ratio of 14.91, a price-to-earnings-growth ratio of 1.15 and a beta of 1.33. Ameriprise Financial, Inc. has a 12 month low of $385.74 and a 12 month high of $582.05.

Ameriprise Financial (NYSE:AMP) last released its earnings results on Wednesday, January 29th. The financial services provider reported $9.36 EPS for the quarter, topping the consensus estimate of $9.16 by $0.20. Ameriprise Financial had a net margin of 19.70% and a return on equity of 69.35%. On average, sell-side analysts expect that Ameriprise Financial, Inc. will post 38.64 earnings per share for the current fiscal year.

Ameriprise Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 10th were paid a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend was Monday, February 10th. Ameriprise Financial’s dividend payout ratio (DPR) is presently 17.91%.

Insider Transactions at Ameriprise Financial

In related news, insider Joseph Edward Sweeney sold 4,636 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $539.07, for a total value of $2,499,128.52. Following the completion of the sale, the insider now owns 7,237 shares in the company, valued at $3,901,249.59. This trade represents a 39.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO William F. Truscott sold 6,000 shares of the firm’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $540.29, for a total transaction of $3,241,740.00. Following the completion of the sale, the chief executive officer now owns 14,023 shares of the company’s stock, valued at $7,576,486.67. This trade represents a 29.97 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,636 shares of company stock worth $6,263,989. Company insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AMP. Keefe, Bruyette & Woods increased their target price on shares of Ameriprise Financial from $560.00 to $570.00 and gave the stock a “market perform” rating in a report on Monday, February 3rd. Royal Bank of Canada reiterated an “outperform” rating and set a $625.00 target price on shares of Ameriprise Financial in a report on Monday, February 3rd. Morgan Stanley increased their target price on shares of Ameriprise Financial from $507.00 to $542.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th. UBS Group downgraded shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $580.00 to $570.00 in a research report on Monday, January 6th. Finally, Piper Sandler increased their price objective on shares of Ameriprise Financial from $415.00 to $442.00 and gave the company an “underweight” rating in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $514.89.

Ameriprise Financial Company 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.