Clifford Swan Investment Counsel LLC Sells 36 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Clifford Swan Investment Counsel LLC trimmed its holdings in Ameriprise Financial, Inc. (NYSE:AMP) by 6.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 546 shares of the financial services provider’s stock after selling 36 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Ameriprise Financial were worth $233,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets grew its position in Ameriprise Financial by 113.0% in the 4th quarter. BNP Paribas Financial Markets now owns 106,780 shares of the financial services provider’s stock worth $40,558,000 after purchasing an additional 56,648 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its position in Ameriprise Financial by 31.6% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 2,334 shares of the financial services provider’s stock worth $887,000 after buying an additional 561 shares in the last quarter. Jump Financial LLC bought a new position in Ameriprise Financial during the fourth quarter valued at about $2,342,000. QRG Capital Management Inc. raised its holdings in Ameriprise Financial by 5.4% in the 4th quarter. QRG Capital Management Inc. now owns 19,120 shares of the financial services provider’s stock valued at $7,262,000 after acquiring an additional 988 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in shares of Ameriprise Financial by 5.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 29,963 shares of the financial services provider’s stock worth $11,381,000 after acquiring an additional 1,501 shares during the period. Institutional investors and hedge funds own 83.95% of the company’s stock.

Ameriprise Financial Price Performance

NYSE:AMP opened at $436.29 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.16. The firm has a market cap of $42.84 billion, a PE ratio of 14.85, a price-to-earnings-growth ratio of 0.74 and a beta of 1.35. Ameriprise Financial, Inc. has a 12 month low of $306.63 and a 12 month high of $450.35. The company’s 50-day moving average price is $428.21 and its two-hundred day moving average price is $426.39.

Ameriprise Financial (NYSE:AMP) last announced 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. Ameriprise Financial had a return on equity of 73.83% and a net margin of 18.64%. The business had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same period in the previous year, the business earned $7.44 EPS. Ameriprise Financial’s revenue was up 9.6% compared to the same quarter last year. On average, equities analysts anticipate that Ameriprise Financial, Inc. will post 34.81 EPS for the current fiscal year.

Ameriprise Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 5th were paid a $1.48 dividend. The ex-dividend date was Monday, August 5th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.36%. Ameriprise Financial’s dividend payout ratio (DPR) is presently 20.15%.

Insider Activity at Ameriprise Financial

In other Ameriprise Financial news, VP William Davies sold 8,700 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $442.07, for a total value of $3,846,009.00. Following the completion of the sale, the vice president now owns 13,199 shares in the company, valued at approximately $5,834,881.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.73% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AMP shares. Jefferies Financial Group boosted their price objective on Ameriprise Financial from $500.00 to $504.00 and gave the company a “buy” rating in a research report on Friday, June 28th. UBS Group dropped their price objective on shares of Ameriprise Financial from $500.00 to $495.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Piper Sandler reduced their price objective on shares of Ameriprise Financial from $390.00 to $387.00 and set an “underweight” rating for the company in a report on Friday, June 28th. Morgan Stanley lowered their target price on shares of Ameriprise Financial from $444.00 to $440.00 and set an “equal weight” rating on the stock in a research note on Monday, July 29th. Finally, Royal Bank of Canada raised their price target on shares of Ameriprise Financial from $487.00 to $500.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $464.33.

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.