Trifecta Capital Advisors LLC Has $56,000 Stock Holdings in Ameriprise Financial, Inc. (NYSE:AMP)

Trifecta Capital Advisors LLC reduced its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 23.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 105 shares of the financial services provider’s stock after selling 33 shares during the period. Trifecta Capital Advisors LLC’s holdings in Ameriprise Financial were worth $56,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wingate Wealth Advisors Inc. acquired a new stake in Ameriprise Financial during the fourth quarter valued at approximately $30,000. Sound Income Strategies LLC bought a new position in shares of Ameriprise Financial during 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 $38,000. Peterson Financial Group Inc. bought a new stake in Ameriprise Financial in the third quarter valued at $45,000. Finally, Albion Financial Group UT acquired a new position in Ameriprise Financial during the fourth quarter worth $46,000. Institutional investors own 83.95% of the company’s stock.

Ameriprise Financial Price Performance

Shares of AMP stock opened at $530.88 on Tuesday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $51.03 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 1.15 and a beta of 1.36. The firm’s 50 day moving average is $540.11 and its 200-day moving average is $512.19. Ameriprise Financial, Inc. has a 1 year low of $385.74 and a 1 year high of $582.05.

Ameriprise Financial (NYSE:AMP) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $9.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.16 by $0.20. Ameriprise Financial had a return on equity of 69.35% and a net margin of 19.70%. Sell-side analysts forecast that Ameriprise Financial, Inc. will post 38.64 EPS for the current fiscal year.

Ameriprise Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 10th will be given a $1.48 dividend. The ex-dividend date is Monday, February 10th. This represents a $5.92 dividend on an annualized basis and a yield of 1.12%. Ameriprise Financial’s payout ratio is 17.91%.

Analyst Ratings Changes

Several brokerages have recently commented on AMP. Royal Bank of Canada restated an “outperform” rating and issued a $625.00 target price on shares of Ameriprise Financial in a research note on Monday, February 3rd. Piper Sandler boosted their price target 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 lowered shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $580.00 to $570.00 in a report on Monday, January 6th. Finally, Keefe, Bruyette & Woods boosted their target price on Ameriprise Financial from $560.00 to $570.00 and gave the stock a “market perform” rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $510.44.

Insider Buying and Selling

In other Ameriprise Financial news, Director Robert Francis Sharpe, Jr. sold 1,000 shares of Ameriprise Financial stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $523.12, for a total transaction of $523,120.00. Following the completion of the sale, the director now owns 10,000 shares of the company’s stock, valued at approximately $5,231,200. The trade was a 9.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William F. Truscott sold 6,000 shares of the 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 completion of the transaction, the chief executive officer now directly owns 14,023 shares in the company, valued at approximately $7,576,486.67. This trade represents a 29.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,636 shares of company stock worth $6,263,989 over the last three months. 0.96% of the stock is currently owned by company insiders.

About Ameriprise Financial

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.