Ameriprise Financial, Inc. (NYSE:AMP) Stock Holdings Increased by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI boosted its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 62.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,661 shares of the financial services provider’s stock after acquiring an additional 639 shares during the period. Citizens Financial Group Inc. RI’s holdings in Ameriprise Financial were worth $631,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Syon Capital LLC grew its holdings in shares of Ameriprise Financial by 5.3% during the 4th quarter. Syon Capital LLC now owns 1,783 shares of the financial services provider’s stock valued at $677,000 after acquiring an additional 90 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its stake in Ameriprise Financial by 11.6% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,557 shares of the financial services provider’s stock valued at $971,000 after purchasing an additional 266 shares in the last quarter. Atria Wealth Solutions Inc. increased its position in Ameriprise Financial by 9.6% in the 4th quarter. Atria Wealth Solutions Inc. now owns 4,841 shares of the financial services provider’s stock worth $1,839,000 after purchasing an additional 426 shares during the last quarter. Bfsg LLC purchased a new stake in shares of Ameriprise Financial during the 4th quarter worth about $566,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Ameriprise Financial during the 4th quarter valued at about $314,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

Insider Transactions at Ameriprise Financial

In other news, SVP Dawn M. Brockman sold 224 shares of Ameriprise Financial stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $434.13, for a total value of $97,245.12. Following the transaction, the senior vice president now directly owns 1,288 shares in the company, valued at $559,159.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Gumer Alvero sold 1,652 shares of Ameriprise Financial 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 transaction, the insider now directly owns 6,994 shares in the company, valued at $3,056,378. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Dawn M. Brockman sold 224 shares of Ameriprise Financial stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $434.13, for a total value of $97,245.12. Following the completion of the transaction, the senior vice president now owns 1,288 shares in the company, valued at $559,159.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 79,472 shares of company stock worth $31,779,805. Company insiders own 0.73% of the company’s stock.

Ameriprise Financial Price Performance

NYSE AMP opened at $410.01 on Friday. Ameriprise Financial, Inc. has a fifty-two week low of $279.85 and a fifty-two week high of $440.67. The stock’s 50-day moving average is $418.65 and its two-hundred day moving average is $381.14. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.56 and a quick ratio of 0.56. The firm has a market cap of $41.08 billion, a P/E ratio of 13.96, a price-to-earnings-growth ratio of 0.70 and a beta of 1.36.

Ameriprise Financial (NYSE:AMP) last posted 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 company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same period last year, the company earned $7.25 earnings per share. The business’s revenue was up 10.8% compared to the same quarter last year. On average, analysts anticipate that Ameriprise Financial, Inc. will post 34.65 earnings per share for the current fiscal year.

Ameriprise Financial Increases Dividend

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

Wall Street Analysts Forecast Growth

AMP has been the topic of a number of research reports. Morgan Stanley increased their price objective on Ameriprise Financial from $400.00 to $437.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Royal Bank of Canada raised their price target on shares of Ameriprise Financial from $470.00 to $480.00 and gave the company an “outperform” rating in a report on Wednesday. UBS Group upped their price objective on shares of Ameriprise Financial from $440.00 to $445.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Piper Sandler increased their target price on shares of Ameriprise Financial from $360.00 to $392.00 and gave the stock an “underweight” rating in a research report on Friday, April 5th. Finally, Keefe, Bruyette & Woods raised their target price on Ameriprise Financial from $420.00 to $460.00 and gave the company a “market perform” rating in a report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $449.57.

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.