Cwm LLC Has $1.37 Million Stake in Ameriprise Financial, Inc. (NYSE:AMP)

Cwm LLC reduced its stake in Ameriprise Financial, Inc. (NYSE:AMP) by 5.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,128 shares of the financial services provider’s stock after selling 173 shares during the period. Cwm LLC’s holdings in Ameriprise Financial were worth $1,372,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC bought a new stake in Ameriprise Financial in the fourth quarter valued at $34,000. Wetzel Investment Advisors Inc. bought a new stake in Ameriprise Financial in the fourth quarter valued at $34,000. Fortitude Family Office LLC bought a new stake in Ameriprise Financial in the fourth quarter valued at $39,000. Pacific Capital Wealth Advisors Inc. bought a new stake in Ameriprise Financial in the fourth quarter valued at $51,000. Finally, JFS Wealth Advisors LLC increased its stake in Ameriprise Financial by 52.2% in the fourth quarter. JFS Wealth Advisors LLC now owns 140 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 48 shares in the last quarter. 83.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Raymond James assumed coverage on shares of Ameriprise Financial in a research note on Thursday, March 21st. They issued a “market perform” rating for the company. Evercore ISI boosted 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 report on Thursday, April 11th. Argus boosted their target price on shares of Ameriprise Financial from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Royal Bank of Canada boosted their target price on shares of Ameriprise Financial from $470.00 to $480.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Finally, The Goldman Sachs Group boosted their target price on shares of Ameriprise Financial from $437.00 to $488.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Ameriprise Financial has an average rating of “Hold” and an average price target of $450.88.

Ameriprise Financial Trading Up 1.0 %

Shares of AMP stock opened at $437.07 on Thursday. Ameriprise Financial, Inc. has a 52-week low of $306.63 and a 52-week 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. The company has a 50-day simple moving average of $425.58 and a two-hundred day simple moving average of $406.74. The company has a market capitalization of $43.41 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 0.74 and a beta of 1.36.

Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $8.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.10 by $0.29. Ameriprise Financial had a net margin of 19.42% and a return on equity of 75.97%. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same period in the prior year, the firm posted $7.25 EPS. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. Research analysts anticipate that Ameriprise Financial, Inc. will post 34.95 EPS for the current fiscal year.

Ameriprise Financial Increases Dividend

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

Insider Buying and Selling at Ameriprise Financial

In other Ameriprise Financial news, Director Robert Francis Sharpe, Jr. sold 1,500 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $438.07, for a total value of $657,105.00. Following the transaction, the director now directly owns 11,000 shares in the company, valued at $4,818,770. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Ameriprise Financial news, Director Robert Francis Sharpe, Jr. sold 1,500 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $438.07, for a total value of $657,105.00. Following the transaction, the director now directly owns 11,000 shares in the company, valued at $4,818,770. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Dawn M. Brockman sold 224 shares of the business’s 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 transaction, the senior vice president now owns 1,288 shares in the company, valued at $559,159.44. The disclosure for this sale can be found here. Insiders have sold a total of 3,376 shares of company stock worth $1,476,274 over the last three months. 0.96% of the stock is currently owned by insiders.

About Ameriprise Financial

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.