Ameriprise Financial, Inc. (NYSE:AMP) Position Reduced by Diversified Trust Co

Diversified Trust Co cut its position in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 18.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,242 shares of the financial services provider’s stock after selling 1,686 shares during the quarter. Diversified Trust Co’s holdings in Ameriprise Financial were worth $3,175,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of AMP. Venture Visionary Partners LLC lifted its position in shares of Ameriprise Financial by 2.9% in the fourth quarter. Venture Visionary Partners LLC now owns 14,874 shares of the financial services provider’s stock worth $5,650,000 after purchasing an additional 416 shares in the last quarter. 17 Capital Partners LLC purchased a new stake in shares of Ameriprise Financial in the fourth quarter worth approximately $2,078,000. Vanguard Personalized Indexing Management LLC lifted its position in shares of Ameriprise Financial by 0.5% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 13,600 shares of the financial services provider’s stock worth $5,166,000 after purchasing an additional 73 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Ameriprise Financial by 3.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 110,995 shares of the financial services provider’s stock worth $42,238,000 after purchasing an additional 4,203 shares in the last quarter. Finally, Cerity Partners LLC lifted its position in shares of Ameriprise Financial by 280.6% in the fourth quarter. Cerity Partners LLC now owns 30,502 shares of the financial services provider’s stock worth $11,585,000 after purchasing an additional 22,487 shares in the last quarter. 83.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Piper Sandler dropped their price objective on Ameriprise Financial from $390.00 to $387.00 and set an “underweight” rating on the stock in a report on Friday. Evercore ISI increased their price objective on Ameriprise Financial from $400.00 to $445.00 and gave the stock an “in-line” rating in a report on Thursday, April 11th. Royal Bank of Canada increased their price objective on Ameriprise Financial from $470.00 to $480.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. The Goldman Sachs Group increased their price objective on Ameriprise Financial from $437.00 to $488.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. Finally, Argus increased their price objective on Ameriprise Financial from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, May 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Ameriprise Financial presently has a consensus rating of “Hold” and a consensus price target of $456.22.

Insider Buying and Selling

In related news, Director Robert Francis Sharpe, Jr. sold 1,500 shares of the firm’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 completion of the transaction, the director now directly owns 11,000 shares of the company’s stock, valued at $4,818,770. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.96% of the stock is owned by company insiders.

Ameriprise Financial Trading Down 0.3 %

Shares of Ameriprise Financial stock opened at $426.00 on Tuesday. The company’s fifty day simple moving average is $428.66 and its 200-day simple moving average is $410.88. The company has a market cap of $42.31 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 0.73 and a beta of 1.37. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.13. Ameriprise Financial, Inc. has a 1 year low of $306.63 and a 1 year high of $446.32.

Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings data 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. The business had revenue of $4.15 billion for 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%. Ameriprise Financial’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the company posted $7.25 earnings per share. As a group, sell-side analysts expect that Ameriprise Financial, Inc. will post 34.95 EPS for the current year.

Ameriprise Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 17th. Investors 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 annualized dividend and a yield of 1.39%. The ex-dividend date was Friday, May 3rd. Ameriprise Financial’s dividend payout ratio (DPR) is 20.15%.

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.