Venture Visionary Partners LLC Acquires 31 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Venture Visionary Partners LLC boosted its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 0.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,870 shares of the financial services provider’s stock after buying an additional 31 shares during the quarter. Venture Visionary Partners LLC’s holdings in Ameriprise Financial were worth $7,456,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Narus Financial Partners LLC grew its position in Ameriprise Financial by 23.8% during the third quarter. Narus Financial Partners LLC now owns 593 shares of the financial services provider’s stock valued at $279,000 after buying an additional 114 shares during the period. Allspring Global Investments Holdings LLC grew its position in Ameriprise Financial by 83.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 70,364 shares of the financial services provider’s stock valued at $33,058,000 after buying an additional 32,025 shares during the period. New Century Financial Group LLC grew its position in Ameriprise Financial by 5.5% during the third quarter. New Century Financial Group LLC now owns 1,525 shares of the financial services provider’s stock valued at $716,000 after buying an additional 80 shares during the period. Revolve Wealth Partners LLC bought a new stake in Ameriprise Financial during the third quarter valued at approximately $371,000. Finally, Harfst & Associates Inc. lifted its holdings in Ameriprise Financial by 27.3% during the third quarter. Harfst & Associates Inc. now owns 4,577 shares of the financial services provider’s stock valued at $2,150,000 after purchasing an additional 982 shares in the last quarter. 83.95% of the stock is currently owned by institutional investors.

Ameriprise Financial Price Performance

Shares of NYSE AMP traded down $0.52 during midday trading on Monday, reaching $522.64. 275,388 shares of the stock traded hands, compared to its average volume of 470,963. The company’s 50 day moving average is $457.59 and its 200 day moving average is $437.23. Ameriprise Financial, Inc. has a one year low of $306.63 and a one year high of $524.89. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a market capitalization of $51.91 billion, a PE ratio of 17.81, a P/E/G ratio of 0.81 and a beta of 1.35.

Ameriprise Financial (NYSE:AMP) last released its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $8.72 EPS for the quarter, topping the consensus estimate of $8.53 by $0.19. The company had revenue of $4.39 billion during the quarter, compared to analyst estimates of $4.24 billion. Ameriprise Financial had a return on equity of 73.83% and a net margin of 18.64%. The firm’s revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the business posted $7.44 earnings per share. On average, equities research analysts anticipate that Ameriprise Financial, Inc. will post 34.92 earnings per share for the current year.

Ameriprise Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 5th were given a dividend of $1.48 per share. The ex-dividend date of this dividend was Monday, August 5th. This represents a $5.92 annualized dividend and a dividend yield of 1.13%. Ameriprise Financial’s dividend payout ratio (DPR) is presently 20.15%.

Insider Buying and Selling at Ameriprise Financial

In other Ameriprise Financial news, VP William Davies sold 8,700 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $442.07, for a total transaction of $3,846,009.00. Following the completion of the transaction, the vice president now owns 13,199 shares in the company, valued at $5,834,881.93. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.73% of the company’s stock.

Analyst Ratings Changes

AMP has been the topic of several recent analyst reports. Piper Sandler decreased their price objective on shares of Ameriprise Financial from $390.00 to $387.00 and set an “underweight” rating on the stock in a research report on Friday, June 28th. The Goldman Sachs Group downgraded Ameriprise Financial from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $485.00 to $476.00 in a research report on Thursday, September 26th. Morgan Stanley increased their target price on Ameriprise Financial from $440.00 to $502.00 and gave the stock an “equal weight” rating in a research report on Thursday. UBS Group boosted their price target on Ameriprise Financial from $490.00 to $555.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, Royal Bank of Canada upped their price target on Ameriprise Financial from $500.00 to $535.00 and gave the stock an “outperform” rating in a research note on Friday, October 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $480.44.

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.