Wilmington Savings Fund Society FSB Acquires 922 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Wilmington Savings Fund Society FSB lifted its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 18.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,936 shares of the financial services provider’s stock after purchasing an additional 922 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Ameriprise Financial were worth $3,161,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Oakworth Capital Inc. acquired a new stake in Ameriprise Financial during the 3rd quarter worth approximately $31,000. Sound Income Strategies LLC bought a new stake in shares of Ameriprise Financial during the fourth quarter worth $36,000. Golden State Wealth Management LLC acquired a new stake in shares of Ameriprise Financial during the fourth quarter worth $38,000. Peterson Financial Group Inc. bought a new stake in Ameriprise Financial in the 3rd quarter valued at $45,000. Finally, Albion Financial Group UT bought a new stake in Ameriprise Financial in the 4th quarter valued at $46,000. Institutional investors own 83.95% of the company’s stock.

Insider Transactions at Ameriprise Financial

In related news, CFO Walter Stanley Berman sold 8,655 shares of Ameriprise Financial stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $564.16, for a total transaction of $4,882,804.80. Following the completion of the sale, the chief financial officer now owns 6,409 shares of the company’s stock, valued at approximately $3,615,701.44. The trade was a 57.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.73% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. UBS Group downgraded Ameriprise Financial from a “buy” rating to a “neutral” rating and dropped their price target for the company from $580.00 to $570.00 in a research note on Monday, January 6th. Royal Bank of Canada reissued an “outperform” rating and issued a $625.00 target price on shares of Ameriprise Financial in a research report on Monday, February 3rd. Morgan Stanley upped their price target on Ameriprise Financial from $440.00 to $502.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods lifted their price objective 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, Piper Sandler boosted their price objective on shares of Ameriprise Financial from $415.00 to $442.00 and gave the stock an “underweight” rating in a research report on Friday, January 31st. One equities research 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $510.44.

Ameriprise Financial Price Performance

Shares of AMP opened at $538.59 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.65 and a debt-to-equity ratio of 1.01. The company’s fifty day simple moving average is $544.14 and its 200 day simple moving average is $501.64. Ameriprise Financial, Inc. has a 1-year low of $385.74 and a 1-year high of $582.05. The company has a market cap of $52.25 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 1.18 and a beta of 1.36.

Ameriprise Financial (NYSE:AMP) last issued 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%. On average, research analysts forecast that Ameriprise Financial, Inc. will post 38.55 earnings per share for the current fiscal year.

Ameriprise Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, February 10th will be given a $1.48 dividend. The ex-dividend date is Monday, February 10th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.10%. Ameriprise Financial’s payout ratio is 17.91%.

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.