538 Shares in Ameriprise Financial, Inc. (NYSE:AMP) Purchased by Wealthstar Advisors LLC

Wealthstar Advisors LLC purchased a new stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 538 shares of the financial services provider’s stock, valued at approximately $286,000.

Other large investors have also added to or reduced their stakes in the company. Oakworth Capital Inc. purchased a new position in shares of Ameriprise Financial in the third quarter valued at $31,000. Sound Income Strategies LLC purchased a new position in shares of Ameriprise Financial in the 4th quarter worth $36,000. Golden State Wealth Management LLC bought a new stake in shares of Ameriprise Financial in the 4th quarter worth about $38,000. Peterson Financial Group Inc. purchased a new stake in shares of Ameriprise Financial during the 3rd quarter valued at about $45,000. Finally, Albion Financial Group UT bought a new position in shares of Ameriprise Financial in the 4th quarter valued at about $46,000. Institutional investors own 83.95% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on AMP. Keefe, Bruyette & Woods raised their price objective on Ameriprise Financial from $560.00 to $570.00 and gave the company a “market perform” rating in a research note on Monday, February 3rd. Piper Sandler boosted their price objective on shares of Ameriprise Financial from $415.00 to $442.00 and gave the company an “underweight” rating in a research report on Friday, January 31st. UBS Group cut shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $580.00 to $570.00 in a research note on Monday, January 6th. Royal Bank of Canada reissued an “outperform” rating and issued a $625.00 price objective on shares of Ameriprise Financial in a research note on Monday, February 3rd. Finally, Morgan Stanley upped their target price on Ameriprise Financial from $440.00 to $502.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $510.44.

Ameriprise Financial Trading Down 0.6 %

Shares of NYSE AMP opened at $538.59 on Monday. Ameriprise Financial, Inc. has a twelve month low of $385.74 and a twelve month high of $582.05. The company has a quick ratio of 0.65, a current ratio of 0.59 and a debt-to-equity ratio of 1.01. The business has a fifty day simple moving average of $544.14 and a two-hundred day simple moving average of $502.20. The firm has a market cap of $52.25 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 1.18 and a beta of 1.36.

Ameriprise Financial (NYSE:AMP) last posted its earnings results on Wednesday, January 29th. The financial services provider reported $9.36 EPS for the quarter, beating analysts’ consensus estimates of $9.16 by $0.20. Ameriprise Financial had a net margin of 19.70% and a return on equity of 69.35%. Analysts expect that Ameriprise Financial, Inc. will post 38.55 earnings per share for the current fiscal year.

Ameriprise Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 10th will be issued a dividend of $1.48 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $5.92 dividend on an annualized basis and a yield of 1.10%. Ameriprise Financial’s dividend payout ratio is currently 17.91%.

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.