135 Shares in Ameriprise Financial, Inc. (NYSE:AMP) Purchased by Pacific Capital Wealth Advisors Inc.

Pacific Capital Wealth Advisors Inc. bought a new stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 135 shares of the financial services provider’s stock, valued at approximately $51,000.

A number of other hedge funds have also made changes to their positions in the company. Peddock Capital Advisors LLC grew its position in shares of Ameriprise Financial by 1.8% in the fourth quarter. Peddock Capital Advisors LLC now owns 4,592 shares of the financial services provider’s stock valued at $1,744,000 after purchasing an additional 81 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Ameriprise Financial by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 584,707 shares of the financial services provider’s stock worth $222,089,000 after acquiring an additional 4,811 shares during the period. Apollon Wealth Management LLC grew its position in Ameriprise Financial by 46.4% in the fourth quarter. Apollon Wealth Management LLC now owns 4,956 shares of the financial services provider’s stock worth $1,882,000 after acquiring an additional 1,570 shares during the period. Lincoln National Corp grew its position in Ameriprise Financial by 35.8% in the fourth quarter. Lincoln National Corp now owns 2,588 shares of the financial services provider’s stock worth $983,000 after acquiring an additional 682 shares during the period. Finally, Fielder Capital Group LLC purchased a new position in Ameriprise Financial in the fourth quarter worth approximately $776,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on AMP. The Goldman Sachs Group raised their price target on Ameriprise Financial from $437.00 to $488.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. Piper Sandler raised their price target on Ameriprise Financial from $360.00 to $392.00 and gave the stock an “underweight” rating in a research report on Friday, April 5th. Evercore ISI raised their price target on Ameriprise Financial from $400.00 to $445.00 and gave the stock an “in-line” rating in a research report on Thursday, April 11th. Morgan Stanley raised their price target 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. Finally, Raymond James began coverage on Ameriprise Financial in a research report on Thursday, March 21st. They set a “market perform” rating for the company. 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 company’s stock. According to data from MarketBeat.com, Ameriprise Financial has a consensus rating of “Hold” and a consensus target price of $450.88.

Insider Buying and Selling at Ameriprise Financial

In other Ameriprise Financial news, CEO William F. Truscott sold 8,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $412.05, for a total value of $3,296,400.00. Following the sale, the chief executive officer now directly owns 13,134 shares in the company, valued at $5,411,864.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Ameriprise Financial news, SVP Dawn M. Brockman sold 224 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $434.13, for a total transaction of $97,245.12. Following the transaction, the senior vice president now owns 1,288 shares of the company’s stock, valued at $559,159.44. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO William F. Truscott sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $412.05, for a total value of $3,296,400.00. Following the transaction, the chief executive officer now directly owns 13,134 shares in the company, valued at approximately $5,411,864.70. The disclosure for this sale can be found here. Insiders have sold a total of 70,326 shares of company stock worth $28,229,193 over the last ninety days. Corporate insiders own 0.96% of the company’s stock.

Ameriprise Financial Stock Up 0.0 %

Shares of NYSE AMP traded up $0.02 during mid-day trading on Tuesday, hitting $424.98. The company had a trading volume of 398,244 shares, compared to its average volume of 495,777. The company has a market capitalization of $42.58 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 0.71 and a beta of 1.35. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.56 and a quick ratio of 0.56. Ameriprise Financial, Inc. has a 1-year low of $286.58 and a 1-year high of $440.67. The business’s 50-day simple moving average is $420.85 and its 200 day simple moving average is $386.14.

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

Ameriprise Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Monday, May 6th will be paid a $1.48 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This is a boost from Ameriprise Financial’s previous quarterly dividend of $1.35. This represents a $5.92 dividend on an annualized basis and a yield of 1.39%. Ameriprise Financial’s dividend payout ratio (DPR) is currently 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.