Dawn M. Brockman Sells 224 Shares of Ameriprise Financial, Inc. (NYSE:AMP) Stock

Ameriprise Financial, Inc. (NYSE:AMP) SVP Dawn M. Brockman sold 224 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $434.13, for a total transaction of $97,245.12. Following the transaction, the senior vice president now owns 1,288 shares in the company, valued at $559,159.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ameriprise Financial Trading Up 0.6 %

Shares of NYSE AMP traded up $2.50 during trading hours on Thursday, hitting $438.48. The company’s stock had a trading volume of 446,250 shares, compared to its average volume of 491,902. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.56 and a current ratio of 0.56. Ameriprise Financial, Inc. has a 12 month low of $279.85 and a 12 month high of $440.64. The stock has a market cap of $43.93 billion, a price-to-earnings ratio of 18.49, a P/E/G ratio of 0.80 and a beta of 1.36. The business has a 50-day simple moving average of $404.47 and a 200-day simple moving average of $367.57.

Ameriprise Financial (NYSE:AMP) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $7.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.67 by $0.08. Ameriprise Financial had a return on equity of 77.39% and a net margin of 16.27%. The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter in the prior year, the company earned $6.94 earnings per share. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, analysts anticipate that Ameriprise Financial, Inc. will post 34.2 earnings per share for the current fiscal year.

Ameriprise Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Friday, February 9th were paid a $1.35 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.23%. Ameriprise Financial’s dividend payout ratio is presently 22.78%.

Analyst Upgrades and Downgrades

AMP has been the subject of a number of research analyst reports. Royal Bank of Canada increased their price target on Ameriprise Financial from $410.00 to $420.00 and gave the company an “outperform” rating in a research report on Monday, January 22nd. The Goldman Sachs Group increased their target price on shares of Ameriprise Financial from $437.00 to $488.00 and gave the company a “buy” rating in a research report on Wednesday. UBS Group upped their price target on Ameriprise Financial from $440.00 to $445.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Keefe, Bruyette & Woods boosted their price target on shares of Ameriprise Financial from $400.00 to $420.00 and gave the company a “market perform” rating in a research report on Tuesday, January 30th. Finally, StockNews.com downgraded shares of Ameriprise Financial from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $428.83.

Institutional Trading of Ameriprise Financial

Large investors have recently modified their holdings of the company. Fairfield Bush & CO. bought a new stake in Ameriprise Financial during the 1st quarter valued at approximately $53,000. Synovus Financial Corp grew its stake in Ameriprise Financial by 2.9% in the 1st quarter. Synovus Financial Corp now owns 1,961 shares of the financial services provider’s stock worth $588,000 after acquiring an additional 56 shares in the last quarter. Aviva PLC raised its holdings in Ameriprise Financial by 23.7% in the first quarter. Aviva PLC now owns 45,024 shares of the financial services provider’s stock worth $13,523,000 after purchasing an additional 8,625 shares in the last quarter. Prudential PLC purchased a new position in Ameriprise Financial during the 1st quarter worth $724,000. Finally, Cetera Investment Advisers raised its stake in Ameriprise Financial by 62.5% in the first quarter. Cetera Investment Advisers now owns 2,900 shares of the financial services provider’s stock valued at $871,000 after buying an additional 1,115 shares during the last quarter. Institutional investors own 83.95% of the company’s stock.

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.