Choate Investment Advisors lifted its holdings in Ameriprise Financial, Inc. (NYSE:AMP – Free Report) by 1.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 14,072 shares of the financial services provider’s stock after acquiring an additional 181 shares during the quarter. Choate Investment Advisors’ holdings in Ameriprise Financial were worth $7,492,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Rialto Wealth Management LLC acquired a new position in shares of Ameriprise Financial in the 4th quarter worth approximately $28,000. Whipplewood Advisors LLC purchased a new position in shares of Ameriprise Financial in the fourth quarter worth approximately $28,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Ameriprise Financial in the fourth quarter worth approximately $30,000. Sound Income Strategies LLC purchased a new position in shares of Ameriprise Financial in the fourth quarter worth approximately $36,000. Finally, SRS Capital Advisors Inc. increased its position in shares of Ameriprise Financial by 40.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 70 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 20 shares in the last quarter. Institutional investors and hedge funds own 83.95% of the company’s stock.
Insider Buying and Selling at Ameriprise Financial
In other news, insider Joseph Edward Sweeney sold 4,636 shares of the business’s 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 sale, the insider now directly owns 7,237 shares in the company, valued at approximately $3,901,249.59. The trade was a 39.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert Francis Sharpe, Jr. sold 1,000 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $523.12, for a total transaction of $523,120.00. Following the completion of the sale, the director now owns 10,000 shares of the company’s stock, valued at $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. Insiders sold 11,636 shares of company stock worth $6,263,989 over the last ninety days. 0.73% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Read Our Latest Stock Report on Ameriprise Financial
Ameriprise Financial Price Performance
NYSE AMP opened at $485.94 on Friday. 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 stock has a market capitalization of $46.71 billion, a PE ratio of 14.70, a price-to-earnings-growth ratio of 1.15 and a beta of 1.33. The company has a 50 day moving average price of $531.56 and a two-hundred day moving average price of $519.08. Ameriprise Financial, Inc. has a 12-month low of $385.74 and a 12-month high of $582.05.
Ameriprise Financial (NYSE:AMP – Get Free Report) last posted its earnings results on Wednesday, January 29th. The financial services provider reported $9.36 earnings per share (EPS) 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%. As a group, equities analysts predict that Ameriprise Financial, Inc. will post 38.64 earnings per share for the current fiscal year.
Ameriprise Financial Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 10th were paid a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Monday, February 10th. Ameriprise Financial’s dividend payout ratio (DPR) is presently 17.91%.
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.
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