MorganRosel Wealth Management LLC Has $1.04 Million Stock Holdings in Ameriprise Financial, Inc. (NYSE:AMP)

MorganRosel Wealth Management LLC boosted its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 4.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,955 shares of the financial services provider’s stock after buying an additional 84 shares during the period. MorganRosel Wealth Management LLC’s holdings in Ameriprise Financial were worth $1,041,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in AMP. Wingate Wealth Advisors Inc. acquired a new stake in Ameriprise Financial in the 4th quarter valued at $30,000. Sound Income Strategies LLC bought a new stake in Ameriprise Financial in the 4th quarter valued at $36,000. Golden State Wealth Management LLC acquired a new stake in Ameriprise Financial during the 4th quarter valued at $38,000. Peterson Financial Group Inc. acquired a new stake in Ameriprise Financial during the 3rd quarter valued at $45,000. Finally, Albion Financial Group UT bought a new position in Ameriprise Financial during the fourth quarter worth $46,000. Institutional investors own 83.95% of the company’s stock.

Insider Buying and Selling

In other Ameriprise Financial news, CEO William F. Truscott sold 6,000 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now owns 14,023 shares of the company’s stock, valued at approximately $7,576,486.67. This trade represents a 29.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Joseph Edward Sweeney sold 4,636 shares of Ameriprise Financial 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 completion of the transaction, the insider now owns 7,237 shares in the company, valued at approximately $3,901,249.59. The trade was a 39.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,636 shares of company stock worth $6,263,989. Corporate insiders own 0.96% of the company’s stock.

Ameriprise Financial Price Performance

Ameriprise Financial stock opened at $530.88 on Tuesday. The firm has a market cap of $51.03 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 1.15 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 0.59. The stock’s fifty day moving average price is $540.11 and its two-hundred day moving average price is $512.19. Ameriprise Financial, Inc. has a one year low of $385.74 and a one year 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 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%. As a group, research analysts expect that Ameriprise Financial, Inc. will post 38.64 EPS for the current fiscal year.

Ameriprise Financial Announces Dividend

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

Analyst Upgrades and Downgrades

AMP has been the subject of a number of research reports. Keefe, Bruyette & Woods raised their target price 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. UBS Group downgraded shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $580.00 to $570.00 in a research report on Monday, January 6th. Piper Sandler upped their target price on Ameriprise Financial from $415.00 to $442.00 and gave the company an “underweight” rating in a research report on Friday, January 31st. Finally, Royal Bank of Canada reiterated an “outperform” rating and set 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 issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average 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.