Ameriprise Financial, Inc. (NYSE:AMP) Shares Bought by Csenge Advisory Group

Csenge Advisory Group lifted its position in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 5.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 794 shares of the financial services provider’s stock after acquiring an additional 39 shares during the period. Csenge Advisory Group’s holdings in Ameriprise Financial were worth $423,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Wingate Wealth Advisors Inc. bought a new position in Ameriprise Financial in the 4th quarter worth about $30,000. Oakworth Capital Inc. bought a new position in Ameriprise Financial in the 3rd quarter worth approximately $31,000. Sound Income Strategies LLC bought a new position in Ameriprise Financial in the 4th quarter worth approximately $36,000. Golden State Wealth Management LLC acquired a new stake in Ameriprise Financial in the 4th quarter valued at approximately $38,000. Finally, Albion Financial Group UT bought a new stake in Ameriprise Financial during the 4th quarter valued at $46,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

Insider Activity

In other news, Director Robert Francis Sharpe, Jr. sold 1,000 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $523.12, for a total value of $523,120.00. Following the completion of the sale, the director now owns 10,000 shares in the company, valued at $5,231,200. This represents a 9.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO William F. Truscott sold 6,000 shares of Ameriprise Financial stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $540.29, for a total value of $3,241,740.00. Following the transaction, the chief executive officer now owns 14,023 shares in the company, valued at $7,576,486.67. This represents a 29.97 % decrease in their position. The disclosure for this sale can be found here. 0.73% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AMP. Piper Sandler raised their price target on Ameriprise Financial from $415.00 to $442.00 and gave the company an “underweight” rating in a report on Friday, January 31st. Royal Bank of Canada restated an “outperform” rating and set a $625.00 price target on shares of Ameriprise Financial in a research report on Monday, February 3rd. Keefe, Bruyette & Woods increased their price objective on shares of Ameriprise Financial from $560.00 to $570.00 and gave the company a “market perform” rating in a report on Monday, February 3rd. Finally, UBS Group lowered shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $580.00 to $570.00 in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Ameriprise Financial has an average rating of “Hold” and an average price target of $510.44.

Ameriprise Financial Stock Performance

AMP opened at $546.48 on Wednesday. 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 firm has a market cap of $53.01 billion, a PE ratio of 16.53, a P/E/G ratio of 1.18 and a beta of 1.36. The business has a fifty day simple moving average of $541.06 and a 200-day simple moving average of $507.16. Ameriprise Financial, Inc. has a fifty-two week low of $385.74 and a fifty-two week high of $582.05.

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

Ameriprise Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, February 10th will be given a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Monday, February 10th. Ameriprise Financial’s dividend payout ratio (DPR) 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.