Ameriprise Financial, Inc. (NYSE:AMP) Shares Sold by Centaurus Financial Inc.

Centaurus Financial Inc. lessened its position in Ameriprise Financial, Inc. (NYSE:AMP) by 14.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 282 shares of the financial services provider’s stock after selling 47 shares during the period. Centaurus Financial Inc.’s holdings in Ameriprise Financial were worth $107,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Beacon Financial Group lifted its stake in shares of Ameriprise Financial by 38.9% in the 4th quarter. Beacon Financial Group now owns 1,381 shares of the financial services provider’s stock worth $525,000 after acquiring an additional 387 shares during the period. Scarborough Advisors LLC acquired a new stake in shares of Ameriprise Financial in the fourth quarter valued at about $1,099,000. V Square Quantitative Management LLC lifted its stake in shares of Ameriprise Financial by 152.8% in the fourth quarter. V Square Quantitative Management LLC now owns 3,914 shares of the financial services provider’s stock valued at $1,487,000 after purchasing an additional 2,366 shares during the period. Wellington Wealth Strategies LLC. acquired a new stake in shares of Ameriprise Financial in the fourth quarter valued at about $262,000. Finally, Gillson Capital LP acquired a new stake in shares of Ameriprise Financial in the fourth quarter valued at about $47,511,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

Ameriprise Financial Stock Performance

Shares of NYSE AMP opened at $437.07 on Thursday. The company has a market cap of $43.41 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 0.74 and a beta of 1.36. Ameriprise Financial, Inc. has a 12 month low of $306.63 and a 12 month high of $442.79. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.56 and a quick ratio of 0.56. The company has a 50-day simple moving average of $425.58 and a 200-day simple moving average of $406.74.

Ameriprise Financial (NYSE:AMP) last issued its quarterly 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 business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.15 billion. Ameriprise Financial had a net margin of 19.42% and a return on equity of 75.97%. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $7.25 earnings per share. On average, equities analysts anticipate that Ameriprise Financial, Inc. will post 34.95 earnings per share for the current year.

Ameriprise Financial Increases Dividend

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

Insider Transactions at Ameriprise Financial

In other news, SVP Dawn M. Brockman sold 224 shares of Ameriprise Financial stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $434.13, for a total transaction of $97,245.12. Following the completion of the sale, the senior vice president now directly owns 1,288 shares in the company, valued at $559,159.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Robert Francis Sharpe, Jr. sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $438.07, for a total value of $657,105.00. Following the sale, the director now directly owns 11,000 shares of the company’s stock, valued at $4,818,770. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Dawn M. Brockman sold 224 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $434.13, for a total transaction of $97,245.12. Following the completion of the sale, the senior vice president now directly owns 1,288 shares in the company, valued at $559,159.44. The disclosure for this sale can be found here. Insiders sold a total of 3,376 shares of company stock worth $1,476,274 over the last ninety days. 0.96% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on AMP shares. Argus raised their price objective on shares of Ameriprise Financial from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Raymond James started coverage on shares of Ameriprise Financial in a research note on Thursday, March 21st. They issued a “market perform” rating for the company. Piper Sandler raised their price objective on shares of Ameriprise Financial from $360.00 to $392.00 and gave the company an “underweight” rating in a research note on Friday, April 5th. Evercore ISI raised their target price on shares of Ameriprise Financial from $400.00 to $445.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. Finally, The Goldman Sachs Group raised their target price on shares of Ameriprise Financial from $437.00 to $488.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $450.88.

Ameriprise Financial 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.