Ameriprise Financial, Inc. (NYSE:AMP) Shares Acquired by Birchcreek Wealth Management LLC

Birchcreek Wealth Management LLC lifted its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 19.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 641 shares of the financial services provider’s stock after acquiring an additional 103 shares during the quarter. Birchcreek Wealth Management LLC’s holdings in Ameriprise Financial were worth $341,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AMP. Howard Capital Management Group LLC increased its stake in shares of Ameriprise Financial by 11.1% during the third quarter. Howard Capital Management Group LLC now owns 1,787 shares of the financial services provider’s stock valued at $840,000 after acquiring an additional 178 shares during the period. Foundations Investment Advisors LLC acquired a new position in Ameriprise Financial in the third quarter worth approximately $206,000. Private Advisor Group LLC grew its position in Ameriprise Financial by 10.5% in the third quarter. Private Advisor Group LLC now owns 6,417 shares of the financial services provider’s stock worth $3,015,000 after buying an additional 612 shares during the last quarter. Ballentine Partners LLC grew its position in Ameriprise Financial by 9.6% in the third quarter. Ballentine Partners LLC now owns 2,206 shares of the financial services provider’s stock worth $1,036,000 after buying an additional 193 shares during the last quarter. Finally, Allworth Financial LP grew its position in Ameriprise Financial by 15.5% in the third quarter. Allworth Financial LP now owns 4,580 shares of the financial services provider’s stock worth $2,152,000 after buying an additional 614 shares during the last quarter. Institutional investors and hedge funds own 83.95% of the company’s stock.

Ameriprise Financial Trading Down 2.0 %

NYSE AMP opened at $530.18 on Monday. Ameriprise Financial, Inc. has a twelve month low of $385.74 and a twelve month high of $582.05. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.65 and a current ratio of 0.59. The stock has a market cap of $51.43 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 1.17 and a beta of 1.36. The firm’s 50 day moving average price is $540.50 and its two-hundred day moving average price is $511.27.

Ameriprise Financial (NYSE:AMP) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $9.36 earnings per share for the quarter, topping 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%. Equities analysts anticipate that Ameriprise Financial, Inc. will post 38.64 EPS for the current year.

Ameriprise Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 10th will be paid a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Monday, February 10th. Ameriprise Financial’s dividend payout ratio (DPR) is currently 17.91%.

Insider Buying and Selling at Ameriprise Financial

In other Ameriprise Financial news, CEO William F. Truscott sold 6,000 shares of Ameriprise Financial stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $540.29, for a total transaction of $3,241,740.00. Following the completion of the sale, the chief executive officer now owns 14,023 shares of the company’s stock, valued at $7,576,486.67. This trade represents a 29.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert Francis Sharpe, Jr. sold 1,000 shares of Ameriprise Financial stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $523.12, for a total transaction of $523,120.00. Following the sale, the director now directly owns 10,000 shares of the company’s stock, valued at $5,231,200. This trade represents a 9.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,636 shares of company stock valued at $6,263,989 in the last quarter. Company insiders own 0.73% of the company’s stock.

Analyst Ratings Changes

AMP has been the topic of several recent research reports. Piper Sandler lifted their price target 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. Royal Bank of Canada restated an “outperform” rating and issued a $625.00 price target on shares of Ameriprise Financial in a research report on Monday, February 3rd. Keefe, Bruyette & Woods lifted their price target on shares of Ameriprise Financial from $560.00 to $570.00 and gave the stock a “market perform” rating in a research report on Monday, February 3rd. Finally, UBS Group lowered shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $580.00 to $570.00 in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $510.44.

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.