Wealth Enhancement Advisory Services LLC Purchases 53 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Wealth Enhancement Advisory Services LLC raised its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 0.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,837 shares of the financial services provider’s stock after acquiring an additional 53 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Ameriprise Financial were worth $10,451,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Aua Capital Management LLC grew its holdings in shares of Ameriprise Financial by 4.7% during the 1st quarter. Aua Capital Management LLC now owns 604 shares of the financial services provider’s stock valued at $265,000 after purchasing an additional 27 shares during the last quarter. Meeder Advisory Services Inc. lifted its stake in shares of Ameriprise Financial by 1.1% in the 4th quarter. Meeder Advisory Services Inc. now owns 2,969 shares of the financial services provider’s stock valued at $1,128,000 after acquiring an additional 31 shares during the last quarter. Fidelis Capital Partners LLC boosted its holdings in Ameriprise Financial by 5.1% during the 4th quarter. Fidelis Capital Partners LLC now owns 656 shares of the financial services provider’s stock valued at $249,000 after acquiring an additional 32 shares during the period. Signaturefd LLC grew its position in Ameriprise Financial by 1.4% during the 4th quarter. Signaturefd LLC now owns 2,270 shares of the financial services provider’s stock worth $862,000 after acquiring an additional 32 shares during the last quarter. Finally, Stratos Wealth Partners LTD. increased its stake in Ameriprise Financial by 1.5% in the 4th quarter. Stratos Wealth Partners LTD. now owns 2,176 shares of the financial services provider’s stock worth $827,000 after purchasing an additional 33 shares during the period. 83.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity 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 on Thursday, May 16th. The stock was 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 at this hyperlink. 0.73% of the stock is owned by corporate insiders.

Ameriprise Financial Price Performance

AMP opened at $427.19 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.13. The company has a market cap of $42.43 billion, a price-to-earnings ratio of 14.54, a price-to-earnings-growth ratio of 0.73 and a beta of 1.36. The stock has a fifty day simple moving average of $428.66 and a two-hundred day simple moving average of $410.60. Ameriprise Financial, Inc. has a 12-month low of $306.63 and a 12-month high of $446.32.

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

Ameriprise Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Monday, May 6th were given a $1.48 dividend. This is a boost 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 1.39%. The ex-dividend date of this dividend was Friday, May 3rd. Ameriprise Financial’s payout ratio is currently 20.15%.

Analysts Set New Price Targets

AMP has been the topic of several recent analyst reports. Piper Sandler cut their target price on shares of Ameriprise Financial from $390.00 to $387.00 and set an “underweight” rating on the stock in a report on Friday. Royal Bank of Canada boosted 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. Keefe, Bruyette & Woods increased their target price on shares of Ameriprise Financial from $420.00 to $460.00 and gave the stock a “market perform” rating in a report on Wednesday, April 10th. Evercore ISI boosted their price target on Ameriprise Financial from $400.00 to $445.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. Finally, Raymond James initiated coverage on Ameriprise Financial in a research report on Thursday, March 21st. They issued a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $456.22.

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.