Ameriprise Financial, Inc. (NYSE:AMP) Shares Sold by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC decreased its position in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 3.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,641 shares of the financial services provider’s stock after selling 58 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Ameriprise Financial were worth $623,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in shares of Ameriprise Financial by 2.4% during the third quarter. Royal Bank of Canada now owns 894,744 shares of the financial services provider’s stock worth $294,979,000 after buying an additional 20,970 shares during the last quarter. Invesco Ltd. grew its position in Ameriprise Financial by 13.4% in the 3rd quarter. Invesco Ltd. now owns 672,823 shares of the financial services provider’s stock valued at $221,816,000 after buying an additional 79,611 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Ameriprise Financial by 12.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 620,048 shares of the financial services provider’s stock valued at $204,417,000 after buying an additional 69,078 shares during the last quarter. Barclays PLC increased its stake in Ameriprise Financial by 63.9% in the 3rd quarter. Barclays PLC now owns 350,391 shares of the financial services provider’s stock valued at $115,517,000 after buying an additional 136,621 shares during the period. Finally, Federated Hermes Inc. raised its position in Ameriprise Financial by 6.0% during the 4th quarter. Federated Hermes Inc. now owns 304,953 shares of the financial services provider’s stock worth $115,830,000 after buying an additional 17,307 shares during the last quarter. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Insider Buying and Selling at Ameriprise Financial

In related news, Director Robert Francis Sharpe, Jr. sold 4,000 shares of Ameriprise Financial stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $386.60, for a total transaction of $1,546,400.00. Following the completion of the sale, the director now owns 12,500 shares in the company, valued at approximately $4,832,500. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Robert Francis Sharpe, Jr. sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $386.60, for a total transaction of $1,546,400.00. Following the transaction, the director now owns 12,500 shares of the company’s stock, valued at $4,832,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gumer Alvero sold 1,652 shares of Ameriprise Financial stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $437.00, for a total transaction of $721,924.00. Following the completion of the sale, the insider now directly owns 6,994 shares of the company’s stock, valued at $3,056,378. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 74,326 shares of company stock worth $29,775,593. 0.96% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AMP. UBS Group boosted their price target on shares of Ameriprise Financial from $440.00 to $445.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Morgan Stanley raised their price target on Ameriprise Financial from $400.00 to $437.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Royal Bank of Canada increased their price objective on Ameriprise Financial from $470.00 to $480.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. The Goldman Sachs Group boosted their target price on shares of Ameriprise Financial from $437.00 to $488.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. Finally, Raymond James started coverage on shares of Ameriprise Financial in a report on Thursday, March 21st. They issued a “market perform” rating for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $449.57.

Ameriprise Financial Stock Up 1.5 %

Ameriprise Financial stock opened at $416.35 on Tuesday. Ameriprise Financial, Inc. has a fifty-two week low of $279.85 and a fifty-two week high of $440.67. The firm has a market capitalization of $41.71 billion, a price-to-earnings ratio of 14.17, a price-to-earnings-growth ratio of 0.70 and a beta of 1.36. The stock’s fifty day moving average is $419.02 and its two-hundred day moving average is $382.14. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.56 and a current ratio of 0.56.

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

Ameriprise Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Monday, May 6th will be paid a $1.48 dividend. The ex-dividend date is Friday, May 3rd. This represents a $5.92 dividend on an annualized basis and a yield of 1.42%. This is a positive change from Ameriprise Financial’s previous quarterly dividend of $1.35. Ameriprise Financial’s dividend payout ratio is presently 18.38%.

Ameriprise Financial Company 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.