Everpar Advisors LLC Purchases New Shares in Ameriprise Financial, Inc. (NYSE:AMP)

Everpar Advisors LLC acquired a new position in shares of Ameriprise Financial, Inc. (NYSE:AMP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,955 shares of the financial services provider’s stock, valued at approximately $1,122,000.

A number of other hedge funds also recently bought and sold shares of the company. Venture Visionary Partners LLC lifted its position in shares of Ameriprise Financial by 2.9% in the 4th quarter. Venture Visionary Partners LLC now owns 14,874 shares of the financial services provider’s stock valued at $5,650,000 after acquiring an additional 416 shares in the last quarter. 17 Capital Partners LLC purchased a new stake in shares of Ameriprise Financial in the fourth quarter valued at $2,078,000. Cerity Partners LLC boosted its position in shares of Ameriprise Financial by 280.6% in the fourth quarter. Cerity Partners LLC now owns 30,502 shares of the financial services provider’s stock worth $11,585,000 after buying an additional 22,487 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Ameriprise Financial during the third quarter valued at $1,150,000. Finally, Heritage Investment Group Inc. acquired a new position in Ameriprise Financial during the fourth quarter valued at $245,000. 83.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AMP shares. Raymond James assumed coverage on shares of Ameriprise Financial in a research report on Thursday, March 21st. They issued a “market perform” rating for the company. The Goldman Sachs Group lifted their target price 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. Evercore ISI upped their price target on shares of Ameriprise Financial from $400.00 to $445.00 and gave the stock an “in-line” rating in a research note on Thursday, April 11th. UBS Group increased their price objective on Ameriprise Financial from $440.00 to $445.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Finally, Keefe, Bruyette & Woods upped their target price on Ameriprise Financial from $420.00 to $460.00 and gave the stock 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 assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Ameriprise Financial has a consensus rating of “Hold” and a consensus target price of $450.88.

Insiders Place Their Bets

In other news, SVP Dawn M. Brockman sold 224 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $434.13, for a total transaction of $97,245.12. Following the sale, the senior vice president now owns 1,288 shares in the company, valued at $559,159.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 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 in the company, valued at $559,159.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James M. Cracchiolo sold 2,493 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $401.11, for a total transaction of $999,967.23. Following the sale, the chief executive officer now directly owns 196,598 shares in the company, valued at $78,857,423.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 56,980 shares of company stock valued at $23,053,480. 0.96% of the stock is currently owned by insiders.

Ameriprise Financial Stock Performance

Shares of Ameriprise Financial stock traded up $1.07 during trading on Wednesday, reaching $425.94. The company’s stock had a trading volume of 338,630 shares, compared to its average volume of 494,155. Ameriprise Financial, Inc. has a one year low of $286.58 and a one year high of $440.67. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a market cap of $42.67 billion, a price-to-earnings ratio of 14.50, a price-to-earnings-growth ratio of 0.71 and a beta of 1.35. The business’s fifty day moving average price is $420.85 and its 200-day moving average price is $386.14.

Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $4.15 billion. Ameriprise Financial had a return on equity of 75.97% and a net margin of 19.42%. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the previous year, the business posted $7.25 EPS. As a group, equities research analysts predict that Ameriprise Financial, Inc. will post 34.74 earnings per share for the current 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 represents a $5.92 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Friday, May 3rd. This is an increase from Ameriprise Financial’s previous quarterly dividend of $1.35. Ameriprise Financial’s dividend payout ratio (DPR) is 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.