Nwam LLC Sells 24 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Nwam LLC decreased its position in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 4.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 478 shares of the financial services provider’s stock after selling 24 shares during the quarter. Nwam LLC’s holdings in Ameriprise Financial were worth $255,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of AMP. Howard Capital Management Group LLC boosted its holdings in Ameriprise Financial by 11.1% in the third quarter. Howard Capital Management Group LLC now owns 1,787 shares of the financial services provider’s stock valued at $840,000 after acquiring an additional 178 shares during the last quarter. Stephens Inc. AR boosted its stake in shares of Ameriprise Financial by 4.6% in the 3rd quarter. Stephens Inc. AR now owns 2,145 shares of the financial services provider’s stock valued at $1,008,000 after purchasing an additional 94 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Ameriprise Financial by 10.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 977 shares of the financial services provider’s stock valued at $459,000 after purchasing an additional 94 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new stake in shares of Ameriprise Financial during the 3rd quarter worth approximately $219,000. Finally, Conning Inc. raised its stake in shares of Ameriprise Financial by 3.0% during the third quarter. Conning Inc. now owns 83,722 shares of the financial services provider’s stock worth $39,333,000 after buying an additional 2,412 shares during the last quarter. 83.95% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Joseph Edward Sweeney sold 4,636 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $539.07, for a total value of $2,499,128.52. Following the sale, the insider now directly owns 7,237 shares of the company’s stock, valued at approximately $3,901,249.59. The trade was a 39.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert Francis Sharpe, Jr. sold 1,000 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $523.12, for a total value of $523,120.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $5,231,200. This trade represents a 9.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,636 shares of company stock worth $6,263,989 over the last quarter. 0.73% of the stock is currently owned by company insiders.

Ameriprise Financial Stock Performance

Shares of Ameriprise Financial stock opened at $537.77 on Friday. The stock’s fifty day simple moving average is $539.85 and its 200 day simple moving average is $514.85. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $51.69 billion, a PE ratio of 16.27, a PEG ratio of 1.15 and a beta of 1.36. Ameriprise Financial, Inc. has a 12 month low of $385.74 and a 12 month high of $582.05.

Ameriprise Financial (NYSE:AMP) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $9.36 EPS for the quarter, topping analysts’ consensus estimates of $9.16 by $0.20. Ameriprise Financial had a return on equity of 69.35% and a net margin of 19.70%. On average, research analysts predict that Ameriprise Financial, Inc. will post 38.64 EPS for the current year.

Ameriprise Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 10th were paid a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Monday, February 10th. Ameriprise Financial’s payout ratio is currently 17.91%.

Analyst Ratings Changes

A number of brokerages have issued reports on AMP. Piper Sandler raised their price objective on shares of Ameriprise Financial from $415.00 to $442.00 and gave the company an “underweight” rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods raised their price target on Ameriprise Financial from $560.00 to $570.00 and gave the stock a “market perform” rating in a research report on Monday, February 3rd. UBS Group cut Ameriprise Financial from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $580.00 to $570.00 in a research note on Monday, January 6th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $625.00 target price on shares of Ameriprise Financial in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $510.44.

Ameriprise Financial 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.