Aua Capital Management LLC Buys 27 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Aua Capital Management LLC increased its stake in shares of Ameriprise Financial, Inc. (NYSE:AMPFree Report) by 4.7% during the first quarter, HoldingsChannel reports. The fund owned 604 shares of the financial services provider’s stock after acquiring an additional 27 shares during the quarter. Aua Capital Management LLC’s holdings in Ameriprise Financial were worth $265,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank bought a new position in Ameriprise Financial during the fourth quarter worth $514,539,000. Dimensional Fund Advisors LP increased its position in Ameriprise Financial by 3.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,015,225 shares of the financial services provider’s stock worth $385,620,000 after acquiring an additional 35,931 shares during the period. Royal Bank of Canada increased its position in Ameriprise Financial by 2.4% during the third quarter. Royal Bank of Canada now owns 894,744 shares of the financial services provider’s stock worth $294,979,000 after acquiring an additional 20,970 shares during the period. Envestnet Asset Management Inc. boosted its stake in Ameriprise Financial by 5.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 652,360 shares of the financial services provider’s stock worth $247,786,000 after buying an additional 32,312 shares in the last quarter. Finally, TD Asset Management Inc boosted its stake in Ameriprise Financial by 151.5% during the fourth quarter. TD Asset Management Inc now owns 595,644 shares of the financial services provider’s stock worth $226,243,000 after buying an additional 358,780 shares in the last quarter. Institutional investors own 83.95% of the company’s stock.

Ameriprise Financial Price Performance

Shares of NYSE:AMP traded down $1.34 on Friday, hitting $440.88. The stock had a trading volume of 838,451 shares, compared to its average volume of 378,564. The firm’s 50 day moving average price is $426.52 and its 200-day moving average price is $407.98. The company has a market capitalization of $43.79 billion, a price-to-earnings ratio of 15.01, a price-to-earnings-growth ratio of 0.75 and a beta of 1.36. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.56 and a current ratio of 0.56. Ameriprise Financial, Inc. has a twelve month low of $306.63 and a twelve month high of $444.99.

Ameriprise Financial (NYSE:AMPGet Free Report) 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. 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%. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $7.25 EPS. On average, equities research analysts predict that Ameriprise Financial, Inc. will post 34.95 earnings per share for the current year.

Ameriprise Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Monday, May 6th were given a dividend of $1.48 per share. This is an increase from Ameriprise Financial’s previous quarterly dividend of $1.35. The ex-dividend date was Friday, May 3rd. This represents a $5.92 annualized dividend and a yield of 1.34%. Ameriprise Financial’s dividend payout ratio is 20.15%.

Analyst Upgrades and Downgrades

AMP has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lifted their price target on shares of Ameriprise Financial from $420.00 to $460.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 10th. Morgan Stanley lifted their price target on shares of Ameriprise Financial from $400.00 to $437.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Piper Sandler lifted their price target on shares of Ameriprise Financial from $360.00 to $392.00 and gave the stock an “underweight” rating in a research note on Friday, April 5th. The Goldman Sachs Group lifted their price target on shares of Ameriprise Financial from $437.00 to $488.00 and gave the stock a “buy” rating in a research note on Wednesday, March 27th. Finally, Evercore ISI lifted their price target on shares of Ameriprise Financial from $400.00 to $445.00 and gave the stock an “in-line” rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $450.88.

View Our Latest Report on AMP

Insider Buying and Selling

In related news, SVP Dawn M. Brockman sold 224 shares of the company’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 transaction, the senior vice president now owns 1,288 shares in the company, valued at approximately $559,159.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Ameriprise Financial news, SVP Dawn M. Brockman sold 224 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $559,159.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gumer Alvero sold 1,652 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $437.00, for a total value of $721,924.00. Following the sale, the insider now directly owns 6,994 shares of the company’s stock, valued at $3,056,378. 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 in the last 90 days. Corporate insiders own 0.73% of the company’s stock.

Ameriprise Financial Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ameriprise Financial (NYSE:AMP)

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