Machina Capital S.A.S. Purchases Shares of 791 Ameriprise Financial, Inc. (NYSE:AMP)

Machina Capital S.A.S. acquired a new position in shares of Ameriprise Financial, Inc. (NYSE:AMP) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 791 shares of the financial services provider’s stock, valued at approximately $300,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Signaturefd LLC raised its position in Ameriprise Financial by 1.4% in the 3rd quarter. Signaturefd LLC now owns 2,238 shares of the financial services provider’s stock valued at $738,000 after buying an additional 31 shares during the last quarter. Meeder Advisory Services Inc. boosted its holdings in Ameriprise Financial by 1.1% during the fourth quarter. Meeder Advisory Services Inc. now owns 2,969 shares of the financial services provider’s stock worth $1,128,000 after purchasing an additional 31 shares during the last quarter. Fidelis Capital Partners LLC grew its position in Ameriprise Financial by 5.1% in the 4th quarter. Fidelis Capital Partners LLC now owns 656 shares of the financial services provider’s stock worth $249,000 after purchasing an additional 32 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in Ameriprise Financial by 1.5% in the 4th quarter. Stratos Wealth Partners LTD. now owns 2,176 shares of the financial services provider’s stock valued at $827,000 after buying an additional 33 shares during the last quarter. Finally, CI Investments Inc. lifted its position in shares of Ameriprise Financial by 2.6% during the 3rd quarter. CI Investments Inc. now owns 1,336 shares of the financial services provider’s stock worth $440,000 after buying an additional 34 shares in the last quarter. 83.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Walter Stanley Berman sold 13,346 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $387.81, for a total value of $5,175,712.26. Following the completion of the transaction, the chief financial officer now directly owns 6,409 shares in the company, valued at $2,485,474.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Ameriprise Financial news, CFO Walter Stanley Berman sold 13,346 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $387.81, for a total transaction of $5,175,712.26. Following the sale, the chief financial officer now owns 6,409 shares in the company, valued at $2,485,474.29. The transaction was disclosed in a document filed 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 sale, the senior vice president now directly owns 1,288 shares of the company’s stock, valued at approximately $559,159.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 70,326 shares of company stock worth $28,229,193. 0.96% of the stock is currently owned by corporate insiders.

Ameriprise Financial Price Performance

Ameriprise Financial stock traded down $0.09 during midday trading on Tuesday, hitting $424.87. 386,735 shares of the company’s stock were exchanged, compared to its average volume of 495,748. The stock has a 50-day moving average price of $420.52 and a two-hundred day moving average price of $385.34. Ameriprise Financial, Inc. has a 52-week low of $286.58 and a 52-week high of $440.67. The company has a market cap of $42.57 billion, a P/E ratio of 14.47, a PEG ratio of 0.71 and a beta of 1.35. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.56 and a current ratio of 0.56.

Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $8.39 EPS for the quarter, topping the consensus estimate of $8.10 by $0.29. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.15 billion. Ameriprise Financial had a return on equity of 75.97% and a net margin of 19.42%. Ameriprise Financial’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $7.25 earnings per share. On average, equities research analysts forecast that Ameriprise Financial, Inc. will post 34.74 earnings per share for the current year.

Ameriprise Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Monday, May 6th will be issued a $1.48 dividend. This is a positive change from Ameriprise Financial’s previous quarterly dividend of $1.35. The ex-dividend date is Friday, May 3rd. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.39%. Ameriprise Financial’s dividend payout ratio is presently 20.15%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AMP. Keefe, Bruyette & Woods upped 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. Royal Bank of Canada lifted their target price on Ameriprise Financial from $470.00 to $480.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Evercore ISI increased their price target on shares of Ameriprise Financial from $400.00 to $445.00 and gave the company an “in-line” rating in a research report on Thursday, April 11th. Raymond James assumed coverage on shares of Ameriprise Financial in a research note on Thursday, March 21st. They issued a “market perform” rating on the stock. Finally, Piper Sandler increased their target price on shares of Ameriprise Financial from $360.00 to $392.00 and gave the company an “underweight” rating in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $450.88.

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.