Ameriprise Financial, Inc. (NYSE:AMP) Shares Acquired by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. boosted its position in Ameriprise Financial, Inc. (NYSE:AMP) by 9.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,841 shares of the financial services provider’s stock after buying an additional 426 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Ameriprise Financial were worth $1,839,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Venture Visionary Partners LLC lifted its stake in shares of Ameriprise Financial by 2.9% in the fourth quarter. Venture Visionary Partners LLC now owns 14,874 shares of the financial services provider’s stock worth $5,650,000 after acquiring an additional 416 shares in the last quarter. 17 Capital Partners LLC acquired a new position in shares of Ameriprise Financial in the 4th quarter valued at approximately $2,078,000. Cerity Partners LLC boosted its stake in shares of Ameriprise Financial by 280.6% during the 4th 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 acquired a new stake in shares of Ameriprise Financial during the third quarter worth approximately $1,150,000. Finally, Harbor Investment Advisory LLC increased its stake in shares of 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 buying an additional 144 shares during the last quarter. 83.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Piper Sandler increased their price objective on shares of Ameriprise Financial from $360.00 to $392.00 and gave the company an “underweight” rating in a research note on Friday, April 5th. Keefe, Bruyette & Woods lifted their price target 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. The Goldman Sachs Group boosted their price objective on Ameriprise Financial from $437.00 to $488.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Royal Bank of Canada increased their target price on Ameriprise Financial from $470.00 to $480.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Finally, Evercore ISI boosted their price target on Ameriprise Financial from $400.00 to $445.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Ameriprise Financial has a consensus rating of “Hold” and an average target price of $449.57.

Insider Activity at Ameriprise Financial

In other Ameriprise Financial news, SVP Dawn M. Brockman sold 224 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $434.13, for a total value of $97,245.12. Following the completion of the transaction, the senior vice president now owns 1,288 shares in the company, valued at approximately $559,159.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO James M. Cracchiolo sold 2,493 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $401.11, for a total value of $999,967.23. Following the completion of the sale, the chief executive officer now owns 196,598 shares of the company’s stock, valued at $78,857,423.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Dawn M. Brockman sold 224 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $434.13, for a total transaction of $97,245.12. Following the completion of the transaction, the senior vice president now owns 1,288 shares of the company’s stock, valued at approximately $559,159.44. The disclosure for this sale can be found here. Insiders have sold a total of 74,326 shares of company stock worth $29,775,593 in the last ninety days. 0.96% of the stock is owned by insiders.

Ameriprise Financial Stock Up 1.5 %

NYSE:AMP opened at $416.35 on Tuesday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.13. The stock has a 50 day moving average of $419.02 and a 200-day moving average of $382.14. The firm has a market capitalization of $41.71 billion, a PE ratio of 14.17, a price-to-earnings-growth ratio of 0.70 and a beta of 1.36. Ameriprise Financial, Inc. has a 52 week low of $279.85 and a 52 week high of $440.67.

Ameriprise Financial (NYSE:AMP) last released its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $8.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.10 by $0.29. Ameriprise Financial had a return on equity of 75.97% and a net margin of 19.42%. The business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the previous year, the firm posted $7.25 EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. Analysts predict that Ameriprise Financial, Inc. will post 34.65 EPS for the current year.

Ameriprise Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Monday, May 6th will be issued a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Friday, May 3rd. This is a boost from Ameriprise Financial’s previous quarterly dividend of $1.35. Ameriprise Financial’s dividend payout ratio (DPR) is 18.38%.

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.