Ameriprise Financial, Inc. (NYSE:AMP) Position Raised by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC lifted its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Signaturefd LLC raised its stake in shares of Ameriprise Financial by 1.4% during the third quarter. Signaturefd LLC now owns 2,238 shares of the financial services provider’s stock valued at $738,000 after purchasing an additional 31 shares in the last quarter. Meeder Advisory Services Inc. grew its holdings in Ameriprise Financial by 1.1% during the fourth quarter. Meeder Advisory Services Inc. now owns 2,969 shares of the financial services provider’s stock worth $1,128,000 after acquiring an additional 31 shares during the period. Fidelis Capital Partners LLC grew its holdings in Ameriprise Financial by 5.1% during the fourth quarter. Fidelis Capital Partners LLC now owns 656 shares of the financial services provider’s stock worth $249,000 after acquiring an additional 32 shares during the period. Stratos Wealth Partners LTD. grew its holdings in Ameriprise Financial by 1.5% during the fourth quarter. Stratos Wealth Partners LTD. now owns 2,176 shares of the financial services provider’s stock worth $827,000 after acquiring an additional 33 shares during the period. Finally, CI Investments Inc. grew its holdings in Ameriprise Financial by 2.6% during the third quarter. CI Investments Inc. now owns 1,336 shares of the financial services provider’s stock worth $440,000 after acquiring an additional 34 shares during the period. 83.95% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Dawn M. Brockman sold 224 shares of the company’s 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 transaction, the senior vice president now owns 1,288 shares of the company’s stock, valued at $559,159.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Gumer Alvero sold 1,652 shares of the company’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 completion of the sale, the insider now owns 6,994 shares in the company, valued at $3,056,378. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Dawn M. Brockman sold 224 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $434.13, for a total value of $97,245.12. Following the completion of 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. Over the last quarter, insiders have sold 89,161 shares of company stock valued at $35,560,647. 0.73% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on AMP. Piper Sandler lifted their target price on Ameriprise Financial from $360.00 to $392.00 and gave the stock an “underweight” rating in a report on Friday, April 5th. Raymond James initiated coverage on Ameriprise Financial in a report on Thursday, March 21st. They set a “market perform” rating on the stock. Keefe, Bruyette & Woods lifted their price target 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. UBS Group lifted their price target on Ameriprise Financial from $440.00 to $445.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Finally, Evercore ISI lifted their price target on 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 analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ameriprise Financial currently has an average rating of “Hold” and an average target price of $441.00.

Ameriprise Financial Price Performance

NYSE:AMP traded up $2.67 during trading hours on Friday, reaching $415.30. The company had a trading volume of 240,777 shares, compared to its average volume of 481,287. The stock has a 50-day moving average of $416.48 and a two-hundred day moving average of $377.00. Ameriprise Financial, Inc. has a one year low of $279.85 and a one year high of $440.67. 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. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.17.

Ameriprise Financial (NYSE:AMP) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $3.90 billion. Ameriprise Financial had a return on equity of 77.39% and a net margin of 16.27%. The business’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.94 earnings per share. Analysts forecast that Ameriprise Financial, Inc. will post 34.43 earnings per share for the current year.

Ameriprise Financial Announces Dividend

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

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.