Ameriprise Financial, Inc. (NYSE:AMP) Stock Holdings Lowered by Heartland Bank & Trust Co

Heartland Bank & Trust Co cut its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMPFree Report) by 3.2% in the 4th quarter, Holdings Channel reports. The firm owned 2,775 shares of the financial services provider’s stock after selling 91 shares during the period. Ameriprise Financial makes up approximately 0.7% of Heartland Bank & Trust Co’s portfolio, making the stock its 26th largest holding. Heartland Bank & Trust Co’s holdings in Ameriprise Financial were worth $1,054,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. OFI Invest Asset Management purchased a new position in Ameriprise Financial in the 3rd quarter worth about $25,000. Financial Freedom LLC purchased a new position in shares of Ameriprise Financial in the fourth quarter worth approximately $27,000. Carmel Capital Partners LLC acquired a new stake in shares of Ameriprise Financial during the third quarter valued at approximately $30,000. FinTrust Capital Advisors LLC purchased a new stake in shares of Ameriprise Financial in the 4th quarter valued at approximately $32,000. Finally, Fortitude Family Office LLC acquired a new position in Ameriprise Financial in the 4th quarter worth approximately $39,000. 83.95% of the stock is currently owned by institutional investors.

Ameriprise Financial Stock Up 0.6 %

AMP traded up $2.75 during trading on Wednesday, reaching $435.95. 67,167 shares of the stock traded hands, compared to its average volume of 484,791. The stock’s 50-day simple moving average is $408.74 and its two-hundred day simple moving average is $370.24. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.56 and a quick ratio of 0.56. Ameriprise Financial, Inc. has a fifty-two week low of $279.85 and a fifty-two week high of $440.64. The stock has a market cap of $43.68 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 0.81 and a beta of 1.36.

Ameriprise Financial (NYSE:AMPGet Free Report) last posted its quarterly earnings results on Thursday, January 25th. The financial services provider reported $7.75 earnings per share for the quarter, topping analysts’ consensus estimates of $7.67 by $0.08. The company had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.90 billion. Ameriprise Financial had a return on equity of 77.39% and a net margin of 16.27%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the business earned $6.94 EPS. As a group, equities research analysts expect that Ameriprise Financial, Inc. will post 34.2 EPS for the current year.

Ameriprise Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Friday, February 9th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Thursday, February 8th. Ameriprise Financial’s dividend payout ratio (DPR) is presently 22.78%.

Insiders Place Their Bets

In other news, insider Gumer Alvero sold 1,652 shares of the firm’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $437.00, for a total transaction of $721,924.00. Following the transaction, the insider now owns 6,994 shares in the company, valued at approximately $3,056,378. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Robert Francis Sharpe, Jr. sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $386.60, for a total value of $1,546,400.00. Following the completion of the sale, the director now directly owns 12,500 shares in the company, valued at approximately $4,832,500. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Gumer Alvero sold 1,652 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $437.00, for a total value of $721,924.00. Following the transaction, the insider now owns 6,994 shares in the company, valued at approximately $3,056,378. The disclosure for this sale can be found here. Insiders sold 89,161 shares of company stock valued at $35,560,647 over the last ninety days. Corporate insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AMP shares. Raymond James assumed coverage on shares of Ameriprise Financial in a research note on Thursday, March 21st. They set a “market perform” rating on the stock. Morgan Stanley upped their price target on Ameriprise Financial from $394.00 to $400.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. UBS Group increased their price objective on Ameriprise Financial from $440.00 to $445.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Evercore ISI cut Ameriprise Financial from an “outperform” rating to an “in-line” rating and lifted their target price for the company from $385.00 to $400.00 in a research note on Thursday, January 4th. Finally, Royal Bank of Canada upped their target price on Ameriprise Financial from $410.00 to $420.00 and gave the company an “outperform” rating in a report on Monday, January 22nd. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Ameriprise Financial presently has an average rating of “Hold” and an average target price of $428.83.

Read Our Latest Stock Report on Ameriprise Financial

About Ameriprise Financial

(Free Report)

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.

See Also

Want to see what other hedge funds are holding AMP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ameriprise Financial, Inc. (NYSE:AMPFree Report).

Institutional Ownership by Quarter for Ameriprise Financial (NYSE:AMP)

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