Venture Visionary Partners LLC Purchases 1,670 Shares of Ameriprise Financial, Inc. $AMP

Venture Visionary Partners LLC increased its position in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 11.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,743 shares of the financial services provider’s stock after buying an additional 1,670 shares during the quarter. Venture Visionary Partners LLC’s holdings in Ameriprise Financial were worth $8,225,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Whipplewood Advisors LLC increased its holdings in shares of Ameriprise Financial by 71.0% during the second quarter. Whipplewood Advisors LLC now owns 53 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 22 shares in the last quarter. TD Capital Management LLC grew its position in Ameriprise Financial by 566.7% in the 1st quarter. TD Capital Management LLC now owns 60 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 51 shares during the period. Wealth Preservation Advisors LLC bought a new stake in Ameriprise Financial during the 1st quarter valued at $29,000. Salomon & Ludwin LLC increased its stake in Ameriprise Financial by 115.4% during the 2nd quarter. Salomon & Ludwin LLC now owns 56 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 30 shares in the last quarter. Finally, Winnow Wealth LLC acquired a new position in Ameriprise Financial during the second quarter worth $32,000. Institutional investors own 83.95% of the company’s stock.

Insiders Place Their Bets

In other news, Director Robert Francis Sharpe, Jr. sold 1,500 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $450.94, for a total transaction of $676,410.00. Following the completion of the transaction, the director directly owned 7,500 shares of the company’s stock, valued at $3,382,050. This represents a 16.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.73% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AMP. Royal Bank Of Canada reduced their price objective on shares of Ameriprise Financial from $601.00 to $550.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Morgan Stanley dropped their price target on shares of Ameriprise Financial from $530.00 to $484.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of Ameriprise Financial in a report on Wednesday, December 10th. Evercore ISI lowered their price objective on Ameriprise Financial from $587.00 to $570.00 and set an “in-line” rating for the company in a research note on Thursday, October 9th. Finally, BMO Capital Markets started coverage on Ameriprise Financial in a report on Friday, October 3rd. They issued a “market perform” rating and a $525.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $533.22.

Ameriprise Financial Stock Performance

Shares of AMP opened at $491.52 on Tuesday. The stock has a 50 day moving average of $468.53 and a 200 day moving average of $496.98. The company has a market capitalization of $45.66 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 1.32 and a beta of 1.26. Ameriprise Financial, Inc. has a 12 month low of $396.14 and a 12 month high of $582.05. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.88.

Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings data on Thursday, October 30th. The financial services provider reported $9.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.76 by $0.16. The firm had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.51 billion. Ameriprise Financial had a return on equity of 64.97% and a net margin of 20.12%.The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $9.02 EPS. As a group, sell-side analysts forecast that Ameriprise Financial, Inc. will post 38.64 earnings per share for the current year.

Ameriprise Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 10th were given a $1.60 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $6.40 annualized dividend and a yield of 1.3%. Ameriprise Financial’s payout ratio is currently 17.55%.

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.