Ameriprise Financial, Inc. (NYSE:AMP) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. cut its position in Ameriprise Financial, Inc. (NYSE:AMP) by 25.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,063 shares of the financial services provider’s stock after selling 2,436 shares during the period. Vontobel Holding Ltd.’s holdings in Ameriprise Financial were worth $3,761,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Wingate Wealth Advisors Inc. acquired a new position in shares of Ameriprise Financial in the fourth quarter valued at about $30,000. Oakworth Capital Inc. acquired a new position in shares of Ameriprise Financial in the third quarter valued at about $31,000. Sound Income Strategies LLC acquired a new position in shares of Ameriprise Financial in the fourth quarter valued at about $36,000. Golden State Wealth Management LLC acquired a new position in shares of Ameriprise Financial in the fourth quarter valued at about $38,000. Finally, Peterson Financial Group Inc. acquired a new position in shares of Ameriprise Financial in the third quarter valued at about $45,000. 83.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO William F. Truscott sold 6,000 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert Francis Sharpe, Jr. sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were 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 disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.

Ameriprise Financial Stock Performance

Shares of AMP stock opened at $546.69 on Monday. The company has a market capitalization of $53.04 billion, a P/E ratio of 16.54, a P/E/G ratio of 1.18 and a beta of 1.36. The business’s 50 day moving average is $541.20 and its two-hundred day moving average is $505.72. The company has a current ratio of 0.59, a quick ratio of 0.65 and a debt-to-equity ratio of 1.01. Ameriprise Financial, Inc. has a 12-month low of $385.74 and a 12-month high of $582.05.

Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $9.36 earnings per share (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%. Analysts expect that Ameriprise Financial, Inc. will post 38.55 EPS for the current fiscal year.

Ameriprise Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, February 10th will be given a $1.48 dividend. The ex-dividend date is Monday, February 10th. This represents a $5.92 annualized dividend and a dividend yield of 1.08%. Ameriprise Financial’s dividend payout ratio (DPR) is presently 17.91%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on AMP shares. Piper Sandler increased their price objective on Ameriprise Financial from $415.00 to $442.00 and gave the company an “underweight” rating in a report on Friday, January 31st. UBS Group downgraded Ameriprise Financial from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $580.00 to $570.00 in a research note on Monday, January 6th. Keefe, Bruyette & Woods upped their target price on Ameriprise Financial from $560.00 to $570.00 and gave the stock a “market perform” rating in a research note on Monday, February 3rd. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $625.00 target price on shares of Ameriprise Financial in a research note on Monday, February 3rd. One research 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 company currently has an average rating of “Hold” and a consensus target price of $510.44.

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.