V Square Quantitative Management LLC Has $1.21 Million Stock Holdings in Ameriprise Financial, Inc. (NYSE:AMP)

V Square Quantitative Management LLC lifted its holdings in Ameriprise Financial, Inc. (NYSE:AMP) by 4.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,276 shares of the financial services provider’s stock after purchasing an additional 105 shares during the quarter. V Square Quantitative Management LLC’s holdings in Ameriprise Financial were worth $1,212,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Wingate Wealth Advisors Inc. bought a new stake in Ameriprise Financial in the 4th quarter valued at $30,000. Oakworth Capital Inc. acquired a new stake in shares of Ameriprise Financial during the 3rd quarter worth $31,000. Sound Income Strategies LLC acquired a new stake in shares of Ameriprise Financial during the 4th quarter worth $36,000. Golden State Wealth Management LLC acquired a new stake in shares of Ameriprise Financial during the 4th quarter worth $38,000. Finally, Albion Financial Group UT acquired a new stake in shares of Ameriprise Financial during the 4th quarter worth $46,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AMP shares. Keefe, Bruyette & Woods raised their price objective on Ameriprise Financial from $560.00 to $570.00 and gave the company a “market perform” rating in a research note on Monday, February 3rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $625.00 target price on shares of Ameriprise Financial in a research report on Monday, February 3rd. Piper Sandler increased their target price on Ameriprise Financial from $415.00 to $442.00 and gave the company an “underweight” rating in a research report on Friday, January 31st. Finally, UBS Group downgraded Ameriprise Financial from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $580.00 to $570.00 in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Ameriprise Financial presently has an average rating of “Hold” and a consensus price target of $510.44.

Ameriprise Financial Trading Up 1.3 %

Shares of AMP stock opened at $546.69 on Friday. The company has a market cap of $53.03 billion, a P/E ratio of 16.54, a PEG ratio of 1.18 and a beta of 1.36. The stock has a 50 day simple moving average of $541.49 and a two-hundred day simple moving average of $504.41. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.65 and a current ratio of 0.59. Ameriprise Financial, Inc. has a fifty-two week low of $385.74 and a fifty-two week high of $582.05.

Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $9.36 EPS for the quarter, beating analysts’ consensus estimates of $9.16 by $0.20. Ameriprise Financial had a return on equity of 69.35% and a net margin of 19.70%. Research analysts forecast that Ameriprise Financial, Inc. will post 38.55 earnings per share for the current year.

Ameriprise Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 10th will be paid a $1.48 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $5.92 dividend on an annualized basis and a yield of 1.08%. Ameriprise Financial’s dividend payout ratio (DPR) is presently 17.91%.

Insider Buying and Selling at Ameriprise Financial

In related news, Director Robert Francis Sharpe, Jr. sold 1,000 shares of Ameriprise Financial stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $523.12, for a total transaction of $523,120.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at $5,231,200. The trade was a 9.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO William F. Truscott sold 6,000 shares of Ameriprise Financial stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $540.29, for a total value of $3,241,740.00. Following the transaction, the chief executive officer now directly owns 14,023 shares in the company, valued at approximately $7,576,486.67. The trade was a 29.97 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

Ameriprise Financial Company 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.