Ameriprise Financial, Inc. $AMP Shares Purchased by Capital Fund Management S.A.

Capital Fund Management S.A. boosted its stake in Ameriprise Financial, Inc. (NYSE:AMP) by 220.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 54,230 shares of the financial services provider’s stock after buying an additional 37,316 shares during the quarter. Capital Fund Management S.A.’s holdings in Ameriprise Financial were worth $26,640,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

AMP has been the topic of several recent research reports. Raymond James Financial set a $582.00 target price on shares of Ameriprise Financial and gave the stock a “strong-buy” rating in a research note on Wednesday, February 11th. Argus reduced their target price on shares of Ameriprise Financial from $568.00 to $554.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. Piper Sandler raised shares of Ameriprise Financial from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $434.00 to $530.00 in a research note on Friday, January 30th. BMO Capital Markets restated a “market perform” rating on shares of Ameriprise Financial in a research report on Tuesday, March 3rd. Finally, Morgan Stanley upped their price objective on shares of Ameriprise Financial from $484.00 to $485.00 and gave the company an “underweight” rating in a research note on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $555.67.

Insider Transactions at Ameriprise Financial

In related news, CFO Walter Stanley Berman sold 7,000 shares of the business’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $544.22, for a total value of $3,809,540.00. Following the sale, the chief financial officer directly owned 5,609 shares in the company, valued at approximately $3,052,529.98. The trade was a 55.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William F. Truscott sold 5,000 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $532.08, for a total transaction of $2,660,400.00. Following the completion of the transaction, the chief executive officer directly owned 12,149 shares in the company, valued at $6,464,239.92. The trade was a 29.16% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 16,658 shares of company stock worth $8,998,675. 0.73% of the stock is currently owned by company insiders.

Ameriprise Financial Stock Down 1.3%

Shares of NYSE AMP opened at $450.42 on Thursday. The company has a market capitalization of $41.07 billion, a P/E ratio of 12.39, a P/E/G ratio of 1.06 and a beta of 1.27. 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 company has a 50 day simple moving average of $493.63 and a 200-day simple moving average of $485.98. Ameriprise Financial, Inc. has a 1 year low of $396.14 and a 1 year high of $550.18.

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

Ameriprise Financial Dividend Announcement

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

Ameriprise Financial 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.