ROI Financial Advisors LLC Increases Stock Holdings in Ameriprise Financial, Inc. (NYSE:AMP)

ROI Financial Advisors LLC increased its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,021 shares of the financial services provider’s stock after buying an additional 38 shares during the quarter. ROI Financial Advisors LLC’s holdings in Ameriprise Financial were worth $543,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Spahn Wealth & Retirement LLC purchased a new position in shares of Ameriprise Financial during the 4th quarter worth about $423,000. Arete Wealth Advisors LLC acquired a new position in shares of Ameriprise Financial in the 4th quarter valued at $247,000. World Investment Advisors boosted its holdings in shares of Ameriprise Financial by 16.0% in the 4th quarter. World Investment Advisors now owns 1,627 shares of the financial services provider’s stock valued at $866,000 after purchasing an additional 225 shares during the last quarter. OneAscent Financial Services LLC grew its stake in shares of Ameriprise Financial by 71.9% during the 4th quarter. OneAscent Financial Services LLC now owns 751 shares of the financial services provider’s stock valued at $400,000 after buying an additional 314 shares during the period. Finally, Huntington National Bank increased its holdings in shares of Ameriprise Financial by 6.8% during the 4th quarter. Huntington National Bank now owns 2,971 shares of the financial services provider’s stock worth $1,582,000 after buying an additional 189 shares during the last quarter. 83.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on AMP shares. Piper Sandler boosted their price target on Ameriprise Financial from $415.00 to $442.00 and gave the company an “underweight” rating in a research report on Friday, January 31st. UBS Group cut Ameriprise Financial from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $580.00 to $570.00 in a report on Monday, January 6th. Keefe, Bruyette & Woods raised their price target on shares of Ameriprise Financial from $560.00 to $570.00 and gave the company a “market perform” rating in a report on Monday, February 3rd. Morgan Stanley lifted their price target on shares of Ameriprise Financial from $507.00 to $542.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 4th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $625.00 price objective on shares of Ameriprise Financial in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $514.89.

Insiders Place Their Bets

In other news, Director Robert Francis Sharpe, Jr. sold 1,000 shares of Ameriprise Financial stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $523.12, for a total value of $523,120.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at approximately $5,231,200. This trade represents a 9.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William F. Truscott sold 6,000 shares of the firm’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $540.29, for a total value of $3,241,740.00. Following the transaction, the chief executive officer now owns 14,023 shares in the company, valued at $7,576,486.67. This trade represents a 29.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,636 shares of company stock valued at $6,263,989 in the last ninety days. Corporate insiders own 0.73% of the company’s stock.

Ameriprise Financial Stock Down 7.5 %

Shares of NYSE AMP opened at $421.61 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.59 and a current ratio of 0.59. Ameriprise Financial, Inc. has a 1 year low of $385.74 and a 1 year high of $582.05. The stock’s 50-day simple moving average is $515.46 and its 200-day simple moving average is $523.50. The firm has a market cap of $40.52 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 1.15 and a beta of 1.23.

Ameriprise Financial (NYSE:AMP) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $9.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.16 by $0.20. Ameriprise Financial had a return on equity of 69.35% and a net margin of 19.70%. As a group, equities analysts anticipate that Ameriprise Financial, Inc. will post 38.64 earnings per share for the current fiscal year.

Ameriprise Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 10th were paid a dividend of $1.48 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $5.92 dividend on an annualized basis and a yield of 1.40%. Ameriprise Financial’s dividend payout ratio (DPR) is 17.91%.

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.