Ameriprise Financial, Inc. (NYSE:AMP) Shares Bought by First Bank & Trust

First Bank & Trust boosted its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 3.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 934 shares of the financial services provider’s stock after acquiring an additional 31 shares during the quarter. First Bank & Trust’s holdings in Ameriprise Financial were worth $410,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in AMP. Norges Bank acquired a new stake in Ameriprise Financial during the 4th quarter worth approximately $514,539,000. First Trust Advisors LP lifted its position in Ameriprise Financial by 1,001.2% during the 4th quarter. First Trust Advisors LP now owns 564,110 shares of the financial services provider’s stock worth $214,266,000 after acquiring an additional 512,884 shares during the period. TD Asset Management Inc lifted its position in Ameriprise Financial by 151.5% during the 4th quarter. TD Asset Management Inc now owns 595,644 shares of the financial services provider’s stock worth $226,243,000 after acquiring an additional 358,780 shares during the period. Epoch Investment Partners Inc. raised its stake in shares of Ameriprise Financial by 104.7% during the 4th quarter. Epoch Investment Partners Inc. now owns 382,232 shares of the financial services provider’s stock worth $145,183,000 after buying an additional 195,475 shares in the last quarter. Finally, Gillson Capital LP purchased a new position in shares of Ameriprise Financial during the 4th quarter worth approximately $47,511,000. 83.95% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Ameriprise Financial 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 transaction of $657,105.00. Following the completion of the transaction, the director now owns 11,000 shares of the company’s stock, valued at $4,818,770. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.73% of the stock is currently owned by company insiders.

Ameriprise Financial Stock Performance

NYSE AMP opened at $427.19 on Friday. Ameriprise Financial, Inc. has a 1-year low of $306.63 and a 1-year high of $446.32. The company has a market capitalization of $42.43 billion, a P/E ratio of 14.54, a PEG ratio of 0.73 and a beta of 1.36. The business has a 50 day moving average price of $428.66 and a 200 day moving average price of $410.60. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.56 and a quick ratio of 0.56.

Ameriprise Financial (NYSE:AMP) last released its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $8.39 earnings per share for the quarter, beating the consensus estimate of $8.10 by $0.29. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.15 billion. Ameriprise Financial had a return on equity of 75.97% and a net margin of 19.42%. Ameriprise Financial’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period last year, the business posted $7.25 EPS. Sell-side analysts expect that Ameriprise Financial, Inc. will post 34.95 EPS for the current fiscal year.

Ameriprise Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 17th. Shareholders 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 of this dividend was Friday, May 3rd. This represents a $5.92 annualized dividend and a yield of 1.39%. Ameriprise Financial’s dividend payout ratio (DPR) is presently 20.15%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group increased their target price on Ameriprise Financial from $500.00 to $504.00 and gave the stock a “buy” rating in a research note on Friday. Keefe, Bruyette & Woods increased their target price on Ameriprise Financial from $420.00 to $460.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 10th. Royal Bank of Canada increased their target price on Ameriprise Financial from $470.00 to $480.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Raymond James assumed coverage on Ameriprise Financial in a research note on Thursday, March 21st. They set a “market perform” rating for the company. Finally, Argus increased their target price on Ameriprise Financial from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $456.22.

Ameriprise Financial 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.