Cetera Advisors LLC boosted its position in Ameriprise Financial, Inc. (NYSE:AMP – Free Report) by 55.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,900 shares of the financial services provider’s stock after purchasing an additional 3,895 shares during the period. Cetera Advisors LLC’s holdings in Ameriprise Financial were worth $4,779,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Retirement Group LLC acquired a new stake in Ameriprise Financial in the first quarter valued at about $25,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Ameriprise Financial during the 1st quarter valued at approximately $28,000. Sound Income Strategies LLC acquired a new stake in shares of Ameriprise Financial during the 1st quarter valued at approximately $32,000. Annapolis Financial Services LLC lifted its position in shares of Ameriprise Financial by 928.6% during the 1st quarter. Annapolis Financial Services LLC now owns 72 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 65 shares during the period. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Ameriprise Financial during the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 83.95% of the company’s stock.
Insiders Place Their Bets
In other news, Director Robert Francis Sharpe, Jr. sold 1,500 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $438.07, for a total transaction of $657,105.00. Following the completion of the sale, the director now directly owns 11,000 shares of the company’s stock, valued at approximately $4,818,770. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.73% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on Ameriprise Financial
Ameriprise Financial Trading Down 3.8 %
AMP stock traded down $15.75 during midday trading on Friday, hitting $402.61. The stock had a trading volume of 679,597 shares, compared to its average volume of 551,653. The firm has a market cap of $39.99 billion, a PE ratio of 13.70, a price-to-earnings-growth ratio of 0.73 and a beta of 1.37. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.59 and a quick ratio of 0.56. Ameriprise Financial, Inc. has a 12-month low of $306.63 and a 12-month high of $449.94. The company’s 50-day moving average price is $430.64 and its 200 day moving average price is $419.58.
Ameriprise Financial (NYSE:AMP – Get Free Report) last released its earnings results on Wednesday, July 24th. The financial services provider reported $8.72 EPS for the quarter, topping the consensus estimate of $8.53 by $0.19. The firm had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.24 billion. Ameriprise Financial had a net margin of 18.64% and a return on equity of 73.83%. Ameriprise Financial’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the previous year, the company earned $7.44 EPS. On average, equities research analysts predict that Ameriprise Financial, Inc. will post 34.77 earnings per share for the current fiscal year.
Ameriprise Financial Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Monday, August 5th will be paid a $1.48 dividend. The ex-dividend date is Monday, August 5th. This represents a $5.92 annualized dividend and a yield of 1.47%. Ameriprise Financial’s payout ratio is currently 20.15%.
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.
Featured Articles
- Five stocks we like better than Ameriprise Financial
- 3 Tickers Leading a Meme Stock Revival
- Market Crash? No Problem for DoorDash Stock’s Impressive Earnings
- Best Aerospace Stocks Investing
- Snap’s Stock Plummets on Q2 Revenue Guidance Shortfall
- With Risk Tolerance, One Size Does Not Fit All
- Hims & Hers Stock Falls on DexCom Fears: Analysts Predict Rally
Receive News & Ratings for Ameriprise Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameriprise Financial and related companies with MarketBeat.com's FREE daily email newsletter.