Ameriprise Financial, Inc. (NYSE:AMP) Shares Sold by Avior Wealth Management LLC

Avior Wealth Management LLC cut its holdings in Ameriprise Financial, Inc. (NYSE:AMP) by 45.7% during the fourth quarter, HoldingsChannel reports. The fund owned 425 shares of the financial services provider’s stock after selling 357 shares during the period. Avior Wealth Management LLC’s holdings in Ameriprise Financial were worth $162,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in AMP. Moneta Group Investment Advisors LLC lifted its holdings in Ameriprise Financial by 106,308.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,587,613 shares of the financial services provider’s stock valued at $494,335,000 after acquiring an additional 1,586,121 shares during the last quarter. Norges Bank acquired a new position in Ameriprise Financial in the fourth quarter valued at approximately $389,527,000. Nuveen Asset Management LLC lifted its holdings in Ameriprise Financial by 29.7% in the second quarter. Nuveen Asset Management LLC now owns 1,673,748 shares of the financial services provider’s stock valued at $555,952,000 after acquiring an additional 382,811 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Ameriprise Financial by 123.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 498,824 shares of the financial services provider’s stock valued at $155,318,000 after acquiring an additional 275,720 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Ameriprise Financial by 33.5% in the first quarter. Invesco Ltd. now owns 1,078,807 shares of the financial services provider’s stock valued at $324,031,000 after acquiring an additional 270,755 shares during the last quarter. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Morgan Stanley boosted their target price on Ameriprise Financial from $400.00 to $437.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. The Goldman Sachs Group boosted their target price on Ameriprise Financial from $437.00 to $488.00 and gave the company a “buy” rating in a research report on Wednesday, March 27th. Keefe, Bruyette & Woods boosted their target price on Ameriprise Financial from $420.00 to $460.00 and gave the company a “market perform” rating in a research report on Wednesday, April 10th. Royal Bank of Canada boosted their target price on Ameriprise Financial from $410.00 to $420.00 and gave the company an “outperform” rating in a research report on Monday, January 22nd. Finally, Evercore ISI boosted their target price on Ameriprise Financial from $400.00 to $445.00 and gave the company an “in-line” rating in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $441.00.

Ameriprise Financial Stock Up 1.1 %

Ameriprise Financial stock opened at $417.01 on Friday. Ameriprise Financial, Inc. has a twelve month low of $279.85 and a twelve month high of $440.67. The stock’s fifty day simple moving average is $416.89 and its 200-day simple moving average is $377.64. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $41.78 billion, a P/E ratio of 17.59, a P/E/G ratio of 0.68 and a beta of 1.36.

Ameriprise Financial (NYSE:AMP) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $7.75 earnings per share for the quarter, topping analysts’ consensus estimates of $7.67 by $0.08. Ameriprise Financial had a return on equity of 77.39% and a net margin of 16.27%. The business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.90 billion. During the same quarter in the prior year, the company earned $6.94 earnings per share. The company’s revenue was up 9.0% on a year-over-year basis. As a group, equities analysts expect that Ameriprise Financial, Inc. will post 34.43 earnings per share for the current fiscal year.

Ameriprise Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Friday, February 9th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend was Thursday, February 8th. Ameriprise Financial’s dividend payout ratio is currently 22.78%.

Insider Transactions at Ameriprise Financial

In other news, CFO Walter Stanley Berman sold 13,346 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $387.81, for a total transaction of $5,175,712.26. Following the sale, the chief financial officer now owns 6,409 shares of the company’s stock, valued at $2,485,474.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO James M. Cracchiolo sold 12,000 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $401.48, for a total value of $4,817,760.00. Following the transaction, the chief executive officer now owns 169,012 shares of the company’s stock, valued at $67,854,937.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Walter Stanley Berman sold 13,346 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $387.81, for a total value of $5,175,712.26. Following the completion of the transaction, the chief financial officer now directly owns 6,409 shares in the company, valued at approximately $2,485,474.29. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 89,161 shares of company stock valued at $35,560,647. 0.73% of the stock is currently owned by company insiders.

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.