Ascent Wealth Partners LLC Lowers Holdings in Ameriprise Financial, Inc. (NYSE:AMP)

Ascent Wealth Partners LLC decreased its position in Ameriprise Financial, Inc. (NYSE:AMP) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,515 shares of the financial services provider’s stock after selling 454 shares during the period. Ameriprise Financial accounts for about 1.6% of Ascent Wealth Partners LLC’s investment portfolio, making the stock its 13th biggest position. Ascent Wealth Partners LLC’s holdings in Ameriprise Financial were worth $11,988,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. MONECO Advisors LLC raised its stake in Ameriprise Financial by 27.8% in the fourth quarter. MONECO Advisors LLC now owns 786 shares of the financial services provider’s stock worth $419,000 after buying an additional 171 shares in the last quarter. Howard Capital Management Inc. raised its stake in Ameriprise Financial by 3.4% in the fourth quarter. Howard Capital Management Inc. now owns 660 shares of the financial services provider’s stock worth $351,000 after buying an additional 22 shares in the last quarter. Wealthspire Advisors LLC raised its stake in Ameriprise Financial by 52.8% in the fourth quarter. Wealthspire Advisors LLC now owns 2,078 shares of the financial services provider’s stock worth $1,106,000 after buying an additional 718 shares in the last quarter. Fisher Funds Management LTD bought a new position in Ameriprise Financial in the fourth quarter worth approximately $12,623,000. Finally, Pinnacle Financial Partners Inc raised its stake in Ameriprise Financial by 3.0% in the fourth quarter. Pinnacle Financial Partners Inc now owns 1,116 shares of the financial services provider’s stock worth $594,000 after buying an additional 32 shares in the last quarter. Institutional investors own 83.95% of the company’s stock.

Ameriprise Financial Price Performance

Shares of AMP opened at $530.18 on Friday. The firm has a market capitalization of $51.43 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 1.17 and a beta of 1.36. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.59 and a quick ratio of 0.65. Ameriprise Financial, Inc. has a 1-year low of $385.74 and a 1-year high of $582.05. The company’s fifty day moving average price is $540.50 and its 200-day moving average price is $510.44.

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

Ameriprise Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 10th will be issued a $1.48 dividend. This represents a $5.92 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Monday, February 10th. Ameriprise Financial’s payout ratio is 17.91%.

Insider Buying and Selling at Ameriprise Financial

In other Ameriprise Financial news, Director Robert Francis Sharpe, Jr. sold 1,000 shares of the company’s stock in a transaction 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 sale, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $5,231,200. This represents a 9.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William F. Truscott sold 6,000 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $540.29, for a total transaction of $3,241,740.00. Following the sale, the chief executive officer now directly owns 14,023 shares in the company, valued at approximately $7,576,486.67. The trade was a 29.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,636 shares of company stock valued at $6,263,989. 0.73% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

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.