Ameriprise Financial, Inc. $AMP Shares Sold by Copperwynd Financial LLC

Copperwynd Financial LLC reduced its position in Ameriprise Financial, Inc. (NYSE:AMP) by 1.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,502 shares of the financial services provider’s stock after selling 28 shares during the quarter. Copperwynd Financial LLC’s holdings in Ameriprise Financial were worth $1,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in AMP. Brighton Jones LLC lifted its stake in shares of Ameriprise Financial by 6.9% in the 4th quarter. Brighton Jones LLC now owns 777 shares of the financial services provider’s stock valued at $413,000 after purchasing an additional 50 shares during the period. Miracle Mile Advisors LLC increased its holdings in Ameriprise Financial by 39.8% in the 1st quarter. Miracle Mile Advisors LLC now owns 1,489 shares of the financial services provider’s stock worth $721,000 after acquiring an additional 424 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Ameriprise Financial by 61.0% in the 1st quarter. Farther Finance Advisors LLC now owns 1,402 shares of the financial services provider’s stock worth $685,000 after acquiring an additional 531 shares in the last quarter. Pallas Capital Advisors LLC purchased a new stake in Ameriprise Financial in the 1st quarter worth $722,000. Finally, Harbor Capital Advisors Inc. purchased a new stake in Ameriprise Financial in the 1st quarter worth $966,000. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ameriprise Financial

In related news, CEO William F. Truscott sold 9,929 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $506.89, for a total value of $5,032,910.81. Following the completion of the sale, the chief executive officer owned 11,047 shares of the company’s stock, valued at approximately $5,599,613.83. This represents a 47.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Heather J. Melloh sold 1,500 shares of the company’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $512.34, for a total transaction of $768,510.00. Following the completion of the sale, the executive vice president directly owned 2,562 shares of the company’s stock, valued at $1,312,615.08. This represents a 36.93% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.73% of the company’s stock.

Ameriprise Financial Price Performance

Ameriprise Financial stock opened at $490.09 on Thursday. Ameriprise Financial, Inc. has a 52-week low of $396.14 and a 52-week high of $582.05. The firm has a market capitalization of $46.20 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 1.12 and a beta of 1.26. The company has a fifty day simple moving average of $501.37 and a 200-day simple moving average of $502.07. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.95.

Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings data on Thursday, July 24th. The financial services provider reported $9.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.00 by $0.11. Ameriprise Financial had a net margin of 18.30% and a return on equity of 65.90%. The firm had revenue of $4.49 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same quarter in the prior year, the firm posted $8.72 earnings per share. Ameriprise Financial’s quarterly revenue was up 2.2% on a year-over-year basis. On average, equities analysts anticipate that Ameriprise Financial, Inc. will post 38.64 EPS for the current fiscal year.

Ameriprise Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, August 4th were issued a $1.60 dividend. The ex-dividend date of this dividend was Monday, August 4th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.3%. Ameriprise Financial’s dividend payout ratio is currently 19.91%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AMP shares. Morgan Stanley cut their price target on shares of Ameriprise Financial from $530.00 to $484.00 and set an “underweight” rating for the company in a report on Wednesday, October 1st. Weiss Ratings reissued a “buy (b)” rating on shares of Ameriprise Financial in a report on Wednesday. Keefe, Bruyette & Woods boosted their price target on shares of Ameriprise Financial from $520.00 to $550.00 and gave the stock a “market perform” rating in a report on Wednesday, July 9th. Royal Bank Of Canada upped their target price on shares of Ameriprise Financial from $595.00 to $601.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Finally, Raymond James Financial upped their target price on shares of Ameriprise Financial from $518.00 to $582.00 and gave the stock a “strong-buy” rating in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $535.14.

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.