Bank OZK Has $1.30 Million Position in Ameriprise Financial, Inc. (NYSE:AMP)

Bank OZK lifted its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 8.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,416 shares of the financial services provider’s stock after purchasing an additional 257 shares during the period. Bank OZK’s holdings in Ameriprise Financial were worth $1,297,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Venture Visionary Partners LLC grew its holdings in shares of Ameriprise Financial by 2.9% during the fourth quarter. Venture Visionary Partners LLC now owns 14,874 shares of the financial services provider’s stock worth $5,650,000 after purchasing an additional 416 shares during the last quarter. 17 Capital Partners LLC bought a new stake in shares of Ameriprise Financial during the fourth quarter worth $2,078,000. Cerity Partners LLC grew its holdings in shares of Ameriprise Financial by 280.6% during the fourth quarter. Cerity Partners LLC now owns 30,502 shares of the financial services provider’s stock worth $11,585,000 after purchasing an additional 22,487 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Ameriprise Financial during the third quarter worth $1,150,000. Finally, Harbor Investment Advisory LLC grew its holdings in shares of Ameriprise Financial by 75.4% during the fourth quarter. Harbor Investment Advisory LLC now owns 335 shares of the financial services provider’s stock worth $127,000 after purchasing an additional 144 shares during the last quarter. Institutional investors own 83.95% of the company’s stock.

Insider Transactions at Ameriprise Financial

In other news, CEO William F. Truscott sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $412.05, for a total transaction of $3,296,400.00. Following the sale, the chief executive officer now owns 13,134 shares of the company’s stock, valued at $5,411,864.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO William F. Truscott sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $412.05, for a total transaction of $3,296,400.00. Following the sale, the chief executive officer now owns 13,134 shares of the company’s stock, valued at $5,411,864.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Gumer Alvero sold 1,652 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $437.00, for a total value of $721,924.00. Following the sale, the insider now directly owns 6,994 shares in the company, valued at approximately $3,056,378. The disclosure for this sale can be found here. Insiders have sold a total of 79,472 shares of company stock valued at $31,779,805 over the last 90 days. 0.73% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. UBS Group increased their target price on Ameriprise Financial from $440.00 to $445.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Royal Bank of Canada raised their price target on Ameriprise Financial from $470.00 to $480.00 and gave the company an “outperform” rating in a report on Wednesday. The Goldman Sachs Group raised their price target on Ameriprise Financial from $437.00 to $488.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Evercore ISI raised their price target on Ameriprise Financial from $400.00 to $445.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. Finally, Raymond James initiated coverage on Ameriprise Financial in a report on Thursday, March 21st. They issued a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Ameriprise Financial has an average rating of “Hold” and a consensus price target of $449.57.

Ameriprise Financial Trading Down 0.2 %

NYSE:AMP traded down $0.90 during mid-day trading on Friday, hitting $410.01. The company had a trading volume of 454,209 shares, compared to its average volume of 517,879. Ameriprise Financial, Inc. has a fifty-two week low of $279.85 and a fifty-two week high of $440.67. The business’s fifty day moving average is $418.65 and its two-hundred day moving average is $380.77. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a market cap of $41.08 billion, a P/E ratio of 13.95, a P/E/G ratio of 0.70 and a beta of 1.36.

Ameriprise Financial (NYSE:AMP) last released its earnings results on Wednesday, April 24th. The financial services provider reported $8.39 earnings per share for the quarter, beating the consensus estimate of $8.10 by $0.29. Ameriprise Financial had a return on equity of 75.97% and a net margin of 19.42%. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the prior year, the firm posted $7.25 earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. As a group, research analysts expect that Ameriprise Financial, Inc. will post 34.65 earnings per share for the current year.

Ameriprise Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Monday, May 6th will be paid a $1.48 dividend. This is a positive change from Ameriprise Financial’s previous quarterly dividend of $1.35. The ex-dividend date is Friday, May 3rd. This represents a $5.92 annualized dividend and a yield of 1.44%. Ameriprise Financial’s dividend payout ratio is presently 18.38%.

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.