Knights of Columbus Asset Advisors LLC Raises Stock Holdings in Ameriprise Financial, Inc. (NYSE:AMP)

Knights of Columbus Asset Advisors LLC boosted its position in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,176 shares of the financial services provider’s stock after purchasing an additional 234 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Ameriprise Financial were worth $6,904,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. OFI Invest Asset Management purchased a new position in Ameriprise Financial during the 3rd quarter worth $25,000. Financial Freedom LLC purchased a new position in Ameriprise Financial during the 4th quarter worth $27,000. Carmel Capital Partners LLC purchased a new position in Ameriprise Financial during the 3rd quarter worth $30,000. FinTrust Capital Advisors LLC purchased a new position in Ameriprise Financial during the 4th quarter worth $32,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in Ameriprise Financial during the 4th quarter worth $34,000. 83.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Ameriprise Financial

In related news, CEO William F. Truscott sold 9,689 shares of Ameriprise Financial stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $390.22, for a total value of $3,780,841.58. Following the completion of the transaction, the chief executive officer now owns 12,126 shares in the company, valued at approximately $4,731,807.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO William F. Truscott sold 9,689 shares of Ameriprise Financial stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $390.22, for a total value of $3,780,841.58. Following the completion of the transaction, the chief executive officer now owns 12,126 shares in the company, valued at approximately $4,731,807.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Dawn M. Brockman sold 224 shares of the business’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 value of $97,245.12. Following the sale, the senior vice president now owns 1,288 shares of the company’s stock, valued at $559,159.44. The disclosure for this sale can be found here. Insiders sold a total of 89,161 shares of company stock worth $35,560,647 in the last 90 days. Corporate insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

AMP has been the topic of a number of analyst reports. Evercore ISI lifted 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. Raymond James initiated coverage on Ameriprise Financial in a report on Thursday, March 21st. They issued a “market perform” rating on the stock. UBS Group lifted their price target on Ameriprise Financial from $440.00 to $445.00 and gave the company a “buy” rating in a report on Thursday, January 25th. The Goldman Sachs Group lifted their price target on Ameriprise Financial from $437.00 to $488.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Finally, Morgan Stanley lifted their price target on Ameriprise Financial from $400.00 to $437.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $441.00.

Ameriprise Financial Stock Performance

AMP traded up $2.67 on Friday, reaching $415.30. 240,777 shares of the stock were exchanged, compared to its average volume of 481,287. The company’s 50-day moving average price is $416.48 and its 200 day moving average price is $377.00. Ameriprise Financial, Inc. has a fifty-two week low of $279.85 and a fifty-two week high of $440.67. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.56 and a quick ratio of 0.56. The firm has a market capitalization of $41.61 billion, a PE ratio of 17.50, a PEG ratio of 0.68 and a beta of 1.36.

Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings results on Thursday, January 25th. The financial services provider reported $7.75 EPS for the quarter, topping analysts’ consensus estimates of $7.67 by $0.08. The company had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $3.90 billion. Ameriprise Financial had a return on equity of 77.39% and a net margin of 16.27%. The firm’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.94 EPS. As a group, sell-side analysts forecast that Ameriprise Financial, Inc. will post 34.43 EPS for the current fiscal year.

Ameriprise Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Friday, February 9th were paid a $1.35 dividend. The ex-dividend date was Thursday, February 8th. This represents a $5.40 annualized dividend and a dividend yield of 1.30%. Ameriprise Financial’s dividend payout ratio is presently 22.78%.

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.