Heartland Bank & Trust Co Trims Position in Ameriprise Financial, Inc. (NYSE:AMP)

Heartland Bank & Trust Co lowered its position in Ameriprise Financial, Inc. (NYSE:AMPFree Report) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,775 shares of the financial services provider’s stock after selling 91 shares during the quarter. Ameriprise Financial comprises about 0.7% of Heartland Bank & Trust Co’s holdings, making the stock its 26th biggest holding. Heartland Bank & Trust Co’s holdings in Ameriprise Financial were worth $1,054,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. OFI Invest Asset Management purchased a new stake in shares of Ameriprise Financial in the 3rd quarter valued at approximately $25,000. Financial Freedom LLC purchased a new position in Ameriprise Financial in the fourth quarter worth approximately $27,000. Carmel Capital Partners LLC acquired a new stake in Ameriprise Financial during the third quarter worth $30,000. FinTrust Capital Advisors LLC purchased a new stake in Ameriprise Financial in the fourth quarter valued at $32,000. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of Ameriprise Financial by 106.6% in the 1st quarter. Brown Brothers Harriman & Co. now owns 126 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 65 shares during the last quarter. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMP has been the subject of a number of recent analyst reports. Royal Bank of Canada raised their price objective on Ameriprise Financial from $410.00 to $420.00 and gave the stock an “outperform” rating in a research report on Monday, January 22nd. The Goldman Sachs Group boosted their price target on shares of Ameriprise Financial from $437.00 to $488.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. Raymond James began coverage on shares of Ameriprise Financial in a research report on Thursday, March 21st. They set a “market perform” rating for the company. Morgan Stanley boosted their target price 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. Finally, UBS Group upped their price target on Ameriprise Financial from $440.00 to $445.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $428.83.

View Our Latest Analysis on Ameriprise Financial

Insider Buying and Selling at Ameriprise Financial

In other news, CEO William F. Truscott sold 9,689 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $390.22, for a total transaction of $3,780,841.58. Following the completion of the transaction, the chief executive officer now directly owns 12,126 shares of the company’s stock, valued at $4,731,807.72. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Ameriprise Financial news, 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 sale, the insider now directly owns 6,994 shares of the company’s stock, valued at approximately $3,056,378. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO William F. Truscott sold 9,689 shares of the stock in a transaction on Friday, January 26th. The shares were sold at an average price of $390.22, for a total value of $3,780,841.58. Following the completion of the transaction, the chief executive officer now directly owns 12,126 shares in the company, valued at approximately $4,731,807.72. The disclosure for this sale can be found here. Insiders have sold 89,161 shares of company stock valued at $35,560,647 in the last quarter. Corporate insiders own 0.96% of the company’s stock.

Ameriprise Financial Stock Up 0.6 %

AMP traded up $2.75 during trading hours on Wednesday, hitting $435.95. 67,167 shares of the company’s stock were exchanged, compared to its average volume of 484,791. The firm has a market cap of $43.68 billion, a P/E ratio of 18.41, a price-to-earnings-growth ratio of 0.81 and a beta of 1.36. Ameriprise Financial, Inc. has a 12-month low of $279.85 and a 12-month high of $440.64. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.17. The firm has a 50 day moving average of $408.74 and a 200 day moving average of $370.24.

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

Ameriprise Financial Announces Dividend

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

Ameriprise Financial Company Profile

(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.

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

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