Charles Schwab Investment Management Inc. Has $222.09 Million Stock Position in Ameriprise Financial, Inc. (NYSE:AMP)

Charles Schwab Investment Management Inc. raised its holdings in Ameriprise Financial, Inc. (NYSE:AMP) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 584,707 shares of the financial services provider’s stock after acquiring an additional 4,811 shares during the period. Charles Schwab Investment Management Inc. owned about 0.58% of Ameriprise Financial worth $222,089,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of AMP. OFI Invest Asset Management acquired a new position in Ameriprise Financial during the 3rd quarter worth approximately $25,000. Carmel Capital Partners LLC bought a new position in shares of Ameriprise Financial during the third quarter valued at $30,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Ameriprise Financial in the fourth quarter worth $34,000. Wetzel Investment Advisors Inc. acquired a new stake in Ameriprise Financial in the fourth quarter valued at $34,000. Finally, Fortitude Family Office LLC acquired a new position in Ameriprise Financial during the 4th quarter worth about $39,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

Insider Buying and Selling

In other Ameriprise Financial news, SVP Dawn M. Brockman sold 224 shares of Ameriprise Financial stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $434.13, for a total transaction of $97,245.12. Following the transaction, the senior vice president now directly owns 1,288 shares of the company’s stock, valued at approximately $559,159.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Dawn M. Brockman sold 224 shares of the company’s stock in a transaction that occurred on 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 directly owns 1,288 shares of the company’s stock, valued at $559,159.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph Edward Sweeney sold 7,200 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $401.82, for a total value of $2,893,104.00. Following the completion of the transaction, the insider now directly owns 7,000 shares in the company, valued at approximately $2,812,740. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 56,980 shares of company stock worth $23,053,480. 0.96% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on AMP shares. Morgan Stanley raised their price objective on Ameriprise Financial from $400.00 to $437.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Evercore ISI increased their price objective on shares of Ameriprise Financial from $400.00 to $445.00 and gave the stock an “in-line” rating in a research report on Thursday, April 11th. Raymond James began coverage on shares of Ameriprise Financial in a research report on Thursday, March 21st. They set a “market perform” rating on the stock. Argus lifted their price objective on Ameriprise Financial from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday. Finally, 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 research report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $450.88.

Ameriprise Financial Price Performance

Shares of AMP opened at $425.94 on Thursday. The business’s fifty day moving average is $420.85 and its 200 day moving average is $386.14. Ameriprise Financial, Inc. has a 12-month low of $286.58 and a 12-month high of $440.67. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.13. The stock has a market cap of $42.67 billion, a P/E ratio of 14.50, a P/E/G ratio of 0.71 and a beta of 1.35.

Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $8.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.10 by $0.29. Ameriprise Financial had a net margin of 19.42% and a return on equity of 75.97%. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. Sell-side analysts anticipate that Ameriprise Financial, Inc. will post 34.74 earnings per share for the current fiscal year.

Ameriprise Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Monday, May 6th will be given a dividend of $1.48 per share. This is a boost from Ameriprise Financial’s previous quarterly dividend of $1.35. The ex-dividend date is Friday, May 3rd. This represents a $5.92 annualized dividend and a dividend yield of 1.39%. Ameriprise Financial’s payout ratio is presently 20.15%.

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.