Ameriprise Financial, Inc. (NYSE:AMP) Shares Sold by Centaurus Financial Inc.

Centaurus Financial Inc. lessened its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 14.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 282 shares of the financial services provider’s stock after selling 47 shares during the period. Centaurus Financial Inc.’s holdings in Ameriprise Financial were worth $107,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Meeder Advisory Services Inc. raised its holdings in Ameriprise Financial by 1.1% during the 4th quarter. Meeder Advisory Services Inc. now owns 2,969 shares of the financial services provider’s stock worth $1,128,000 after buying an additional 31 shares during the period. Fidelis Capital Partners LLC raised 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 worth $249,000 after buying an additional 32 shares during the period. Signaturefd LLC raised its holdings 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 buying an additional 32 shares during the period. Stratos Wealth Partners LTD. raised its holdings in Ameriprise Financial by 1.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 2,176 shares of the financial services provider’s stock worth $827,000 after buying an additional 33 shares during the period. Finally, CI Investments Inc. raised its holdings in Ameriprise Financial by 2.6% during the 3rd quarter. CI Investments Inc. now owns 1,336 shares of the financial services provider’s stock worth $440,000 after buying an additional 34 shares during the period. Institutional investors and hedge funds own 83.95% of the company’s stock.

Insider Activity

In other news, insider Gumer Alvero sold 1,652 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $437.00, for a total value of $721,924.00. Following the completion of the sale, the insider now directly owns 6,994 shares of the company’s stock, valued at $3,056,378. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Gumer Alvero sold 1,652 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $437.00, for a total value of $721,924.00. Following the completion of the transaction, the insider now directly owns 6,994 shares of the company’s stock, valued at $3,056,378. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Dawn M. Brockman sold 224 shares of Ameriprise Financial stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $434.13, for a total transaction of $97,245.12. Following the sale, the senior vice president now owns 1,288 shares in the company, valued at approximately $559,159.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,376 shares of company stock valued at $1,476,274. 0.96% of the stock is owned by company insiders.

Ameriprise Financial Trading Up 1.0 %

NYSE:AMP opened at $437.07 on Thursday. The company has a market capitalization of $43.41 billion, a P/E ratio of 14.88, a P/E/G ratio of 0.74 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. The stock’s 50 day moving average price is $425.58 and its 200 day moving average price is $406.74. Ameriprise Financial, Inc. has a 52 week low of $306.63 and a 52 week high of $442.79.

Ameriprise Financial (NYSE:AMP) last announced its earnings results 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. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.15 billion. Ameriprise Financial had a return on equity of 75.97% and a net margin of 19.42%. The company’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $7.25 earnings per share. On average, research analysts forecast that Ameriprise Financial, Inc. will post 34.95 EPS for the current fiscal year.

Ameriprise Financial Increases Dividend

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

Analysts Set New Price Targets

Several research firms have issued reports on AMP. Argus boosted 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. Royal Bank of Canada upped their target price on Ameriprise Financial from $470.00 to $480.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. The Goldman Sachs Group upped their target price on Ameriprise Financial from $437.00 to $488.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Raymond James initiated coverage on Ameriprise Financial in a report on Thursday, March 21st. They issued a “market perform” rating on the stock. Finally, Morgan Stanley increased their price objective on Ameriprise Financial from $400.00 to $437.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $450.88.

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.