Ameriprise Financial, Inc. (NYSE:AMP - Get Free Report) insider William Jerryl Williams sold 7,894 shares of the company's stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $537.08, for a total transaction of $4,239,709.52. Following the completion of the sale, the insider directly owned 10,882 shares in the company, valued at approximately $5,844,504.56. The trade was a 42.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.
William Jerryl Williams also recently made the following trade(s):
- On Tuesday, July 28th, William Jerryl Williams sold 8,210 shares of Ameriprise Financial stock. The stock was sold at an average price of $539.35, for a total value of $4,428,063.50.
Ameriprise Financial Price Performance
Shares of NYSE AMP opened at $541.09 on Thursday. The company has a quick ratio of 0.66, a current ratio of 0.71 and a debt-to-equity ratio of 0.99. The business's 50 day moving average price is $480.85 and its two-hundred day moving average price is $475.59. The company has a market cap of $48.64 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 0.74 and a beta of 1.16. Ameriprise Financial, Inc. has a twelve month low of $422.37 and a twelve month high of $553.46.
Ameriprise Financial (NYSE:AMP - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $11.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $10.81 by $0.26. Ameriprise Financial had a return on equity of 64.19% and a net margin of 20.24%.The company had revenue of $4.90 billion during the quarter, compared to analysts' expectations of $4.87 billion. During the same period last year, the firm posted $9.11 earnings per share. The business's revenue was up 11.6% on a year-over-year basis. On average, analysts predict that Ameriprise Financial, Inc. will post 45.84 EPS for the current year.
Ameriprise Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Monday, August 3rd will be paid a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Monday, August 3rd. Ameriprise Financial's dividend payout ratio is 16.40%.
Institutional Investors Weigh In On Ameriprise Financial
A number of institutional investors have recently modified their holdings of the business. PFG Investments LLC grew its stake in shares of Ameriprise Financial by 1.4% in the fourth quarter. PFG Investments LLC now owns 1,488 shares of the financial services provider's stock valued at $729,000 after acquiring an additional 21 shares in the last quarter. Institute for Wealth Management LLC. raised its stake in Ameriprise Financial by 3.6% in the 4th quarter. Institute for Wealth Management LLC. now owns 605 shares of the financial services provider's stock worth $297,000 after purchasing an additional 21 shares in the last quarter. EPG Wealth Management LLC raised its stake in Ameriprise Financial by 0.8% in the 4th quarter. EPG Wealth Management LLC now owns 2,714 shares of the financial services provider's stock worth $1,331,000 after purchasing an additional 21 shares in the last quarter. Essex Financial Services Inc. boosted its holdings in Ameriprise Financial by 2.4% in the 4th quarter. Essex Financial Services Inc. now owns 904 shares of the financial services provider's stock valued at $443,000 after purchasing an additional 21 shares during the period. Finally, SouthState Bank Corp boosted its holdings in Ameriprise Financial by 78.6% in the 4th quarter. SouthState Bank Corp now owns 50 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 22 shares during the period. Institutional investors own 83.95% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have commented on AMP. Zacks Research upgraded shares of Ameriprise Financial from a "hold" rating to a "strong-buy" rating in a report on Monday. Jefferies Financial Group raised their target price on shares of Ameriprise Financial from $636.00 to $645.00 and gave the stock a "buy" rating in a research note on Friday, July 10th. Morgan Stanley lifted their target price on shares of Ameriprise Financial from $467.00 to $489.00 and gave the stock an "underweight" rating in a report on Friday, July 10th. Weiss Ratings upgraded shares of Ameriprise Financial from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, July 17th. Finally, BMO Capital Markets increased their price target on shares of Ameriprise Financial from $470.00 to $490.00 and gave the company a "market perform" rating in a report on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $555.33.
View Our Latest Research Report on AMP
More Ameriprise Financial News
Here are the key news stories impacting Ameriprise Financial this week:
- Positive Sentiment: Zacks Research upgraded Ameriprise Financial from “Hold” to “Strong Buy,” citing improving earnings prospects. The upgrade could support investor demand for the shares. Zacks rating upgrade article
- Positive Sentiment: AMP was included on Zacks’ list of top-value stocks with a Rank #1 “Strong Buy” rating, reinforcing the view that its valuation and earnings outlook remain attractive. Zacks best value stocks article
- Positive Sentiment: A second Zacks analysis highlighted Ameriprise as a potential value investment, while a quarterly review pointed to asset growth, adviser productivity and strategic platform expansion as key business drivers. Ameriprise value stock analysis
- Neutral Sentiment: Ameriprise was recognized by J.D. Power for outstanding customer service for the fifth consecutive year. The award supports brand strength and client retention but is unlikely to materially change near-term financial forecasts. J.D. Power customer service recognition
- Negative Sentiment: Insider William Jerryl Williams sold 16,104 AMP shares across July 27–28 for approximately $8.67 million, reducing his holdings in two transactions by 42.04% and 54.77%, respectively. The sizable sales may pressure sentiment, particularly with the stock trading near its 52-week high. SEC insider transaction filing
About Ameriprise Financial
(
Get Free Report)
Ameriprise Financial, Inc is a diversified financial services company headquartered in Minneapolis, Minnesota. The firm provides a range of advice-based wealth management, asset management and insurance products to individual and institutional clients. Its business model centers on delivering financial planning and investment advice through a network of financial advisors alongside proprietary product offerings designed to meet retirement, protection and accumulation needs.
Core products and services include comprehensive financial planning and advisory services, managed investment portfolios, retirement planning solutions, annuities and life insurance products.
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