Ameriprise Financial, Inc. $AMP Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group lowered its position in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 7.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 53,900 shares of the financial services provider’s stock after selling 4,212 shares during the quarter. Schroder Investment Management Group owned about 0.06% of Ameriprise Financial worth $26,928,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMP. Winnow Wealth LLC purchased a new position in Ameriprise Financial in the second quarter valued at approximately $32,000. Heartwood Wealth Advisors LLC purchased a new stake in Ameriprise Financial during the third quarter worth approximately $32,000. Redmont Wealth Advisors LLC purchased a new stake in Ameriprise Financial during the third quarter worth approximately $32,000. WFA of San Diego LLC acquired a new stake in shares of Ameriprise Financial in the second quarter worth $36,000. Finally, Salomon & Ludwin LLC increased its position in shares of Ameriprise Financial by 76.8% in the third quarter. Salomon & Ludwin LLC now owns 99 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 43 shares in the last quarter. Institutional investors and hedge funds own 83.95% of the company’s stock.

Ameriprise Financial Price Performance

AMP opened at $439.51 on Friday. Ameriprise Financial, Inc. has a twelve month low of $396.14 and a twelve month high of $550.18. The firm has a market cap of $40.07 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 1.05 and a beta of 1.27. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.86. The company has a fifty day simple moving average of $492.60 and a 200 day simple moving average of $485.65.

Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings data on Thursday, January 29th. The financial services provider reported $10.83 EPS for the quarter, topping analysts’ consensus estimates of $10.33 by $0.50. The firm had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.75 billion. Ameriprise Financial had a net margin of 19.28% and a return on equity of 63.04%. The firm’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $9.54 EPS. Equities research 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. Investors of record on Monday, February 9th were paid a $1.60 dividend. The ex-dividend date was Monday, February 9th. This represents a $6.40 annualized dividend and a dividend yield of 1.5%. Ameriprise Financial’s payout ratio is 17.60%.

Analyst Ratings Changes

AMP has been the topic of several recent research reports. BMO Capital Markets restated a “market perform” rating on shares of Ameriprise Financial in a report on Tuesday, March 3rd. Raymond James Financial set a $582.00 price target on Ameriprise Financial and gave the company a “strong-buy” rating in a report on Wednesday, February 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of Ameriprise Financial in a research report on Monday, December 29th. Argus reduced their price objective on Ameriprise Financial from $568.00 to $554.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. Finally, Jefferies Financial Group upped their target price on Ameriprise Financial from $600.00 to $620.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Ameriprise Financial currently has a consensus rating of “Hold” and an average target price of $555.67.

Insider Buying and Selling

In other Ameriprise Financial news, CFO Walter Stanley Berman sold 7,000 shares of Ameriprise Financial stock in a transaction that occurred on 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 sale, the chief financial officer directly owned 5,609 shares in the company, valued at $3,052,529.98. The trade was a 55.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William F. Truscott sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $532.08, for a total value 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 approximately $6,464,239.92. The trade was a 29.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 16,658 shares of company stock worth $8,998,675. 0.73% of the stock is currently owned by corporate insiders.

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.