Avior Wealth Management LLC Sells 357 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

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

Other hedge funds have also recently modified their holdings of the company. Venture Visionary Partners LLC grew its stake in shares of Ameriprise Financial by 2.9% during the fourth quarter. Venture Visionary Partners LLC now owns 14,874 shares of the financial services provider’s stock valued at $5,650,000 after buying an additional 416 shares during the last quarter. 17 Capital Partners LLC bought a new position in shares of Ameriprise Financial during the fourth quarter valued at approximately $2,078,000. Cerity Partners LLC grew its stake in shares of Ameriprise Financial by 280.6% during the fourth quarter. Cerity Partners LLC now owns 30,502 shares of the financial services provider’s stock valued at $11,585,000 after buying an additional 22,487 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Ameriprise Financial during the third quarter valued at approximately $1,150,000. Finally, Harbor Investment Advisory LLC grew its stake in Ameriprise Financial by 75.4% in the fourth quarter. Harbor Investment Advisory LLC now owns 335 shares of the financial services provider’s stock worth $127,000 after purchasing an additional 144 shares in the last quarter. Institutional investors own 83.95% of the company’s stock.

Insider Activity

In other news, SVP Dawn M. Brockman sold 224 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $434.13, for a total transaction of $97,245.12. Following the completion of the sale, the senior vice president now owns 1,288 shares in the company, valued at approximately $559,159.44. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO William F. Truscott sold 9,689 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $390.22, for a total transaction of $3,780,841.58. Following the completion of the sale, the chief executive officer now owns 12,126 shares in the company, valued at approximately $4,731,807.72. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Dawn M. Brockman sold 224 shares of Ameriprise Financial stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $434.13, for a total value of $97,245.12. Following the sale, the senior vice president now directly owns 1,288 shares of the company’s stock, valued at approximately $559,159.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 89,161 shares of company stock worth $35,560,647. Insiders own 0.73% of the company’s stock.

Ameriprise Financial Stock Up 1.1 %

Ameriprise Financial stock opened at $417.01 on Friday. The business has a fifty day moving average of $416.89 and a two-hundred day moving average of $377.64. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.17. The firm has a market cap 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, Inc. has a twelve month low of $279.85 and a twelve month high of $440.67.

Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings data on Thursday, January 25th. The financial services provider reported $7.75 EPS for the quarter, beating the consensus estimate of $7.67 by $0.08. Ameriprise Financial had a return on equity of 77.39% and a net margin of 16.27%. The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.90 billion. During the same quarter in the prior year, the business posted $6.94 EPS. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, analysts forecast that Ameriprise Financial, Inc. will post 34.43 earnings per share for the current fiscal year.

Ameriprise Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AMP. Piper Sandler increased their price objective on Ameriprise Financial from $360.00 to $392.00 and gave the stock an “underweight” rating in a research note on Friday, April 5th. Evercore ISI increased their price objective on Ameriprise Financial from $400.00 to $445.00 and gave the stock an “in-line” rating in a research note on Thursday, April 11th. Keefe, Bruyette & Woods increased their price objective on Ameriprise Financial from $420.00 to $460.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 10th. Morgan Stanley increased their price objective on Ameriprise Financial from $400.00 to $437.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Finally, Raymond James assumed coverage on Ameriprise Financial in a report on Thursday, March 21st. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $441.00.

About Ameriprise Financial

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.