Ameriprise Financial, Inc. (NYSE:AMP) Stock Position Lifted by Narus Financial Partners LLC

Narus Financial Partners LLC grew its position in Ameriprise Financial, Inc. (NYSE:AMP) by 21.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 723 shares of the financial services provider’s stock after acquiring an additional 130 shares during the quarter. Narus Financial Partners LLC’s holdings in Ameriprise Financial were worth $385,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Oakworth Capital Inc. bought a new stake in Ameriprise Financial during the third quarter valued at $31,000. Sound Income Strategies LLC bought a new stake in shares of Ameriprise Financial during the 4th quarter valued at about $36,000. Country Trust Bank raised its stake in Ameriprise Financial by 213.6% during the third quarter. Country Trust Bank now owns 69 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 47 shares during the period. Albion Financial Group UT bought a new position in Ameriprise Financial in the fourth quarter worth about $46,000. Finally, Peterson Financial Group Inc. acquired a new position in Ameriprise Financial in the third quarter valued at approximately $45,000. 83.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Ameriprise Financial

In other Ameriprise Financial news, CFO Walter Stanley Berman sold 8,655 shares of Ameriprise Financial stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $564.16, for a total transaction of $4,882,804.80. Following the transaction, the chief financial officer now owns 6,409 shares of the company’s stock, valued at $3,615,701.44. The trade was a 57.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Joseph Edward Sweeney sold 10,735 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $549.68, for a total transaction of $5,900,814.80. Following the completion of the sale, the insider now directly owns 5,811 shares of the company’s stock, valued at $3,194,190.48. This trade represents a 64.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

Ameriprise Financial Price Performance

Shares of NYSE AMP opened at $547.95 on Friday. Ameriprise Financial, Inc. has a twelve month low of $378.05 and a twelve month high of $582.05. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.99. The firm has a 50-day moving average of $548.61 and a two-hundred day moving average of $496.50. The company has a market capitalization of $53.16 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 0.87 and a beta of 1.36.

Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $9.36 EPS for the quarter, beating analysts’ consensus estimates of $9.16 by $0.20. Ameriprise Financial had a return on equity of 69.46% and a net margin of 19.70%. As a group, analysts expect that Ameriprise Financial, Inc. will post 39.04 earnings per share for the current fiscal year.

Ameriprise Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 10th will be issued a dividend of $1.48 per share. The ex-dividend date is Monday, February 10th. This represents a $5.92 annualized dividend and a yield of 1.08%. Ameriprise Financial’s payout ratio is presently 17.91%.

Analyst Ratings Changes

Several analysts recently issued reports on AMP shares. Keefe, Bruyette & Woods cut their price target on Ameriprise Financial from $565.00 to $560.00 and set a “market perform” rating on the stock in a report on Friday, January 10th. Royal Bank of Canada reissued an “outperform” rating and set a $625.00 price target on shares of Ameriprise Financial in a report on Monday. Morgan Stanley increased their price objective on shares of Ameriprise Financial from $440.00 to $502.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Finally, UBS Group lowered shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and reduced their target price for the company from $580.00 to $570.00 in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, Ameriprise Financial presently has an average rating of “Hold” and an average price target of $503.22.

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.