7,287 Shares in Ameriprise Financial, Inc. $AMP Acquired by Kepler Cheuvreux Suisse SA

Kepler Cheuvreux Suisse SA bought a new position in shares of Ameriprise Financial, Inc. (NYSE:AMP) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,287 shares of the financial services provider’s stock, valued at approximately $3,580,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. AE Wealth Management LLC increased its stake in Ameriprise Financial by 104.2% in the 3rd quarter. AE Wealth Management LLC now owns 3,962 shares of the financial services provider’s stock worth $1,946,000 after acquiring an additional 2,022 shares during the last quarter. National Pension Service raised its holdings in shares of Ameriprise Financial by 4.6% in the 3rd quarter. National Pension Service now owns 152,980 shares of the financial services provider’s stock valued at $75,151,000 after acquiring an additional 6,724 shares in the last quarter. Optimize Financial Inc bought a new stake in shares of Ameriprise Financial during the 3rd quarter valued at about $453,000. Arjuna Capital grew its holdings in shares of Ameriprise Financial by 14.6% during the third quarter. Arjuna Capital now owns 12,613 shares of the financial services provider’s stock worth $6,196,000 after purchasing an additional 1,610 shares in the last quarter. Finally, Candriam S.C.A. grew its holdings in shares of Ameriprise Financial by 83.9% during the third quarter. Candriam S.C.A. now owns 63,839 shares of the financial services provider’s stock worth $31,361,000 after purchasing an additional 29,116 shares in the last quarter. 83.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AMP shares. BMO Capital Markets reaffirmed a “market perform” rating on shares of Ameriprise Financial in a research note on Tuesday, March 3rd. Morgan Stanley boosted their price target on shares of Ameriprise Financial from $484.00 to $485.00 and gave the stock an “underweight” rating in a research note on Monday, December 22nd. Piper Sandler raised shares of Ameriprise Financial from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $434.00 to $530.00 in a report on Friday, January 30th. Weiss Ratings restated a “buy (b-)” rating on shares of Ameriprise Financial in a research report on Monday, December 29th. Finally, Jefferies Financial Group lifted their price objective on shares of Ameriprise Financial from $600.00 to $620.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Ameriprise Financial presently has an average rating of “Hold” and a consensus target price of $555.67.

Insider Buying and Selling at Ameriprise Financial

In other news, CFO Walter Stanley Berman sold 7,000 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $544.22, for a total transaction of $3,809,540.00. Following the transaction, the chief financial officer directly owned 5,609 shares of the company’s stock, valued at approximately $3,052,529.98. This trade represents a 55.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gumer Alvero sold 4,658 shares of Ameriprise Financial stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $542.88, for a total value of $2,528,735.04. Following the completion of the transaction, the insider owned 4,621 shares in the company, valued at approximately $2,508,648.48. This represents a 50.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 16,658 shares of company stock worth $8,998,675 over the last three months. Company insiders own 0.57% of the company’s stock.

Ameriprise Financial Stock Down 1.3%

Shares of NYSE AMP opened at $455.49 on Wednesday. Ameriprise Financial, Inc. has a one year low of $396.14 and a one year high of $550.18. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.68 and a quick ratio of 0.68. The firm’s 50 day simple moving average is $494.44 and its two-hundred day simple moving average is $486.23. The stock has a market capitalization of $41.53 billion, a P/E ratio of 12.53, a PEG ratio of 1.08 and a beta of 1.27.

Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings data on Thursday, January 29th. The financial services provider reported $10.83 earnings per share for the quarter, topping analysts’ consensus estimates of $10.33 by $0.50. Ameriprise Financial had a net margin of 19.28% and a return on equity of 63.04%. The firm had revenue of $4.92 billion during the quarter, compared to analyst estimates of $4.75 billion. During the same period in the previous year, the business posted $9.54 EPS. The business’s quarterly revenue was up 10.2% on a year-over-year basis. As a group, analysts expect that Ameriprise Financial, Inc. will post 38.64 EPS for the current fiscal year.

Ameriprise Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 9th were paid a $1.60 dividend. The ex-dividend date of this dividend was Monday, February 9th. This represents a $6.40 annualized dividend and a yield of 1.4%. Ameriprise Financial’s payout ratio is currently 17.60%.

Ameriprise Financial Company Profile

Ameriprise Financial, Inc is a diversified financial services company headquartered in Minneapolis, Minnesota. The firm provides a range of advice-based wealth management, asset management and insurance products to individual and institutional clients. Its business model centers on delivering financial planning and investment advice through a network of financial advisors alongside proprietary product offerings designed to meet retirement, protection and accumulation needs.

Core products and services include comprehensive financial planning and advisory services, managed investment portfolios, retirement planning solutions, annuities and life insurance products.