Ameriprise Financial, Inc. (NYSE:AMP) Holdings Decreased by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC trimmed its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 23.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 499 shares of the financial services provider’s stock after selling 150 shares during the period. Resonant Capital Advisors LLC’s holdings in Ameriprise Financial were worth $234,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake in shares of Ameriprise Financial by 11.4% during the 4th quarter. Wellington Management Group LLP now owns 6,158 shares of the financial services provider’s stock valued at $2,339,000 after buying an additional 630 shares during the period. Los Angeles Capital Management LLC increased its position in Ameriprise Financial by 10.6% in the 1st quarter. Los Angeles Capital Management LLC now owns 702 shares of the financial services provider’s stock worth $308,000 after purchasing an additional 67 shares during the last quarter. Ballentine Partners LLC raised its stake in shares of Ameriprise Financial by 2.6% during the 1st quarter. Ballentine Partners LLC now owns 1,651 shares of the financial services provider’s stock worth $724,000 after purchasing an additional 42 shares in the last quarter. Harbor Investment Advisory LLC lifted its holdings in shares of Ameriprise Financial by 59.4% during the 1st quarter. Harbor Investment Advisory LLC now owns 534 shares of the financial services provider’s stock valued at $234,000 after buying an additional 199 shares during the last quarter. Finally, Gilman Hill Asset Management LLC bought a new stake in shares of Ameriprise Financial in the 1st quarter valued at approximately $221,000. 83.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ameriprise Financial

In other news, VP William Davies sold 8,700 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $442.07, for a total transaction of $3,846,009.00. Following the transaction, the vice president now owns 13,199 shares in the company, valued at approximately $5,834,881.93. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.73% of the company’s stock.

Ameriprise Financial Trading Down 0.1 %

Ameriprise Financial stock opened at $522.64 on Tuesday. Ameriprise Financial, Inc. has a 52 week low of $306.63 and a 52 week high of $524.89. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a market capitalization of $51.91 billion, a PE ratio of 17.79, a PEG ratio of 0.81 and a beta of 1.35. The business’s 50-day simple moving average is $459.95 and its 200-day simple moving average is $437.89.

Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $8.72 EPS for the quarter, topping the consensus estimate of $8.53 by $0.19. Ameriprise Financial had a return on equity of 73.83% and a net margin of 18.64%. The company had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same period in the previous year, the business posted $7.44 EPS. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. Equities research analysts forecast that Ameriprise Financial, Inc. will post 34.92 earnings per share for the current year.

Ameriprise Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 5th were paid a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 1.13%. The ex-dividend date was Monday, August 5th. Ameriprise Financial’s payout ratio is currently 20.15%.

Analyst Ratings Changes

Several equities analysts recently weighed in on AMP shares. Morgan Stanley raised their price objective on shares of Ameriprise Financial from $440.00 to $502.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. The Goldman Sachs Group lowered shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $485.00 to $476.00 in a research note on Thursday, September 26th. Royal Bank of Canada increased their target price on shares of Ameriprise Financial from $500.00 to $535.00 and gave the stock an “outperform” rating in a research report on Friday, October 11th. Jefferies Financial Group boosted their price target on Ameriprise Financial from $500.00 to $504.00 and gave the stock a “buy” rating in a research report on Friday, June 28th. Finally, UBS Group upped their price target on Ameriprise Financial from $490.00 to $555.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Ameriprise Financial presently has a consensus rating of “Hold” and a consensus price target of $480.44.

About Ameriprise Financial

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.