Ameriprise Financial, Inc. (NYSE:AMP) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. cut its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 65.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,540 shares of the financial services provider’s stock after selling 2,880 shares during the period. Everence Capital Management Inc.’s holdings in Ameriprise Financial were worth $585,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Venture Visionary Partners LLC raised its position in Ameriprise Financial by 2.9% during the fourth quarter. Venture Visionary Partners LLC now owns 14,874 shares of the financial services provider’s stock worth $5,650,000 after acquiring an additional 416 shares during the period. 17 Capital Partners LLC acquired a new position in Ameriprise Financial during the fourth quarter worth $2,078,000. Cerity Partners LLC raised its position in Ameriprise Financial by 280.6% during the fourth quarter. Cerity Partners LLC now owns 30,502 shares of the financial services provider’s stock worth $11,585,000 after acquiring an additional 22,487 shares during the period. Acadian Asset Management LLC acquired a new position in Ameriprise Financial during the third quarter worth $1,150,000. Finally, Harbor Investment Advisory LLC raised its position in shares of Ameriprise Financial by 75.4% in the fourth quarter. Harbor Investment Advisory LLC now owns 335 shares of the financial services provider’s stock valued at $127,000 after buying an additional 144 shares during the last quarter. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Ameriprise Financial Trading Up 0.2 %

Shares of AMP opened at $411.77 on Thursday. 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 market capitalization of $41.26 billion, a P/E ratio of 17.37, a P/E/G ratio of 0.68 and a beta of 1.36. The firm has a 50-day moving average price of $416.13 and a 200 day moving average price of $376.75. Ameriprise Financial, Inc. has a 12-month low of $279.85 and a 12-month high of $440.67.

Ameriprise Financial (NYSE:AMP) last announced its earnings results on Thursday, January 25th. The financial services provider reported $7.75 earnings per share for the quarter, topping the consensus estimate of $7.67 by $0.08. The company had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.90 billion. Ameriprise Financial had a net margin of 16.27% and a return on equity of 77.39%. Ameriprise Financial’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm posted $6.94 earnings per share. Sell-side analysts forecast that Ameriprise Financial, Inc. will post 34.43 EPS for the current year.

Ameriprise Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Friday, February 9th were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 1.31%. 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 Ameriprise Financial news, Director Robert Francis Sharpe, Jr. sold 4,000 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $386.60, for a total transaction of $1,546,400.00. Following the completion of the transaction, the director now owns 12,500 shares of the company’s stock, valued at $4,832,500. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Robert Francis Sharpe, Jr. sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $386.60, for a total value of $1,546,400.00. Following the completion of the transaction, the director now owns 12,500 shares of the company’s stock, valued at $4,832,500. The transaction 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 firm’s stock in a transaction that occurred on Friday, January 26th. The shares were 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 approximately $4,731,807.72. The disclosure for this sale can be found here. Insiders sold a total of 89,161 shares of company stock valued at $35,560,647 over the last 90 days. 0.96% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

AMP has been the subject of a number of recent research reports. Keefe, Bruyette & Woods increased their target price on shares of Ameriprise Financial from $420.00 to $460.00 and gave the company a “market perform” rating in a research report on Wednesday, April 10th. The Goldman Sachs Group increased their target price on shares of Ameriprise Financial from $437.00 to $488.00 and gave the company a “buy” rating in a research report on Wednesday, March 27th. UBS Group increased their target price on shares of Ameriprise Financial from $440.00 to $445.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Raymond James began coverage on shares of Ameriprise Financial in a research report on Thursday, March 21st. They issued a “market perform” rating for the company. Finally, Evercore ISI upped their price objective on shares of Ameriprise Financial from $400.00 to $445.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. One 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 company. According to data from MarketBeat.com, Ameriprise Financial currently has a consensus rating of “Hold” and a consensus target price of $441.00.

Ameriprise Financial 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.