Fulton Bank N.A. trimmed its position in Ameriprise Financial, Inc. (NYSE:AMP) by 3.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,528 shares of the financial services provider’s stock after selling 341 shares during the period. Fulton Bank N.A.’s holdings in Ameriprise Financial were worth $2,215,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arlington Partners LLC acquired a new stake in Ameriprise Financial in the fourth quarter worth approximately $25,000. Regent Peak Wealth Advisors LLC bought a new position in shares of Ameriprise Financial in the fourth quarter valued at $26,000. International Assets Investment Management LLC bought a new position in shares of Ameriprise Financial in the fourth quarter valued at $28,000. Inspire Advisors LLC bought a new position in shares of Ameriprise Financial in the fourth quarter valued at $29,000. Finally, Eudaimonia Partners LLC increased its holdings in shares of Ameriprise Financial by 25.3% in the third quarter. Eudaimonia Partners LLC now owns 1,533 shares of the financial services provider’s stock valued at $31,000 after buying an additional 310 shares in the last quarter. Hedge funds and other institutional investors own 83.05% of the company’s stock.
Several research firms have issued reports on AMP. Morgan Stanley dropped their price target on Ameriprise Financial from $220.00 to $212.00 and set an “equal weight” rating on the stock in a report on Thursday, April 1st. Citigroup boosted their target price on shares of Ameriprise Financial from $245.00 to $265.00 in a research note on Wednesday, March 31st. Barclays boosted their target price on shares of Ameriprise Financial from $220.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday, January 29th. Royal Bank of Canada boosted their target price on shares of Ameriprise Financial from $225.00 to $245.00 and gave the company an “outperform” rating in a research note on Friday, January 29th. Finally, Zacks Investment Research downgraded shares of Ameriprise Financial from a “buy” rating to a “hold” rating and set a $244.00 target price on the stock. in a research note on Wednesday, March 31st. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Ameriprise Financial presently has an average rating of “Buy” and a consensus target price of $213.27.
Ameriprise Financial stock opened at $237.18 on Thursday. The company’s fifty day simple moving average is $226.68 and its 200-day simple moving average is $195.71. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.78. Ameriprise Financial, Inc. has a 12 month low of $100.11 and a 12 month high of $240.52. The stock has a market cap of $27.65 billion, a P/E ratio of 17.06 and a beta of 1.74.
Ameriprise Financial (NYSE:AMP) last posted its quarterly earnings results on Tuesday, January 26th. The financial services provider reported $4.53 EPS for the quarter, beating the consensus estimate of $4.44 by $0.09. The business had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.13 billion. Ameriprise Financial had a net margin of 15.16% and a return on equity of 33.79%. Ameriprise Financial’s revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $4.20 EPS. On average, equities research analysts expect that Ameriprise Financial, Inc. will post 14.05 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 26th. Investors of record on Friday, February 12th were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Thursday, February 11th. Ameriprise Financial’s dividend payout ratio is presently 25.84%.
In other Ameriprise Financial news, VP Karen Wilson Thissen sold 1,307 shares of the company’s stock in a transaction dated Wednesday, February 3rd. The shares were sold at an average price of $204.94, for a total transaction of $267,856.58. Also, insider Joseph Edward Sweeney sold 9,500 shares of the company’s stock in a transaction dated Thursday, February 11th. The shares were sold at an average price of $215.22, for a total transaction of $2,044,590.00. Following the sale, the insider now owns 16,727 shares of the company’s stock, valued at $3,599,984.94. The disclosure for this sale can be found here. Insiders sold 87,932 shares of company stock valued at $18,164,517 over the last quarter. 1.50% of the stock is currently owned by corporate insiders.
Ameriprise Financial Company Profile
Ameriprise Financial, Inc, through 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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