Mn Services Vermogensbeheer B.V. Grows Position in Ameriprise Financial, Inc. (NYSE:AMP)

Mn Services Vermogensbeheer B.V. grew its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,754 shares of the financial services provider’s stock after acquiring an additional 900 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Ameriprise Financial were worth $21,166,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Howard Capital Management Group LLC raised its position in shares of Ameriprise Financial by 11.1% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,787 shares of the financial services provider’s stock valued at $840,000 after buying an additional 178 shares in the last quarter. abrdn plc raised its position in Ameriprise Financial by 7.7% during the third quarter. abrdn plc now owns 91,204 shares of the financial services provider’s stock valued at $42,610,000 after purchasing an additional 6,544 shares in the last quarter. Valmark Advisers Inc. lifted its stake in Ameriprise Financial by 45.8% during the third quarter. Valmark Advisers Inc. now owns 856 shares of the financial services provider’s stock worth $402,000 after purchasing an additional 269 shares during the last quarter. First Trust Direct Indexing L.P. boosted its holdings in shares of Ameriprise Financial by 23.3% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 5,013 shares of the financial services provider’s stock worth $2,355,000 after purchasing an additional 947 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of Ameriprise Financial by 2.2% during the 3rd quarter. US Bancorp DE now owns 94,843 shares of the financial services provider’s stock valued at $44,559,000 after purchasing an additional 2,064 shares during the last quarter. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Analyst Ratings Changes

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

Ameriprise Financial Trading Up 0.1 %

NYSE:AMP opened at $525.64 on Friday. The firm has a market capitalization of $50.52 billion, a P/E ratio of 15.90, a P/E/G ratio of 1.15 and a beta of 1.36. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.01. The company has a fifty day moving average of $539.74 and a 200 day moving average of $513.19. Ameriprise Financial, Inc. has a 52 week low of $385.74 and a 52 week high of $582.05.

Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $9.36 EPS for the quarter, beating the consensus estimate 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, research analysts predict that Ameriprise Financial, Inc. will post 38.64 earnings per share for the current year.

Ameriprise Financial Announces Dividend

The firm 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 $1.48 dividend. This represents a $5.92 annualized dividend and a yield of 1.13%. The ex-dividend date is Monday, February 10th. Ameriprise Financial’s dividend payout ratio (DPR) is currently 17.91%.

Insider Transactions at Ameriprise Financial

In related news, CEO William F. Truscott sold 6,000 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $540.29, for a total value of $3,241,740.00. Following the completion of the transaction, the chief executive officer now directly owns 14,023 shares of the company’s stock, valued at $7,576,486.67. This represents a 29.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Francis Sharpe, Jr. sold 1,000 shares of Ameriprise Financial stock in a transaction that occurred 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 in the company, valued at approximately $5,231,200. The trade was a 9.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,636 shares of company stock worth $6,263,989. 0.96% of the stock is currently owned by insiders.

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.