Sivia Capital Partners LLC Purchases Shares of 2,553 Ameriprise Financial, Inc. $AMP

Sivia Capital Partners LLC purchased a new stake in Ameriprise Financial, Inc. (NYSE:AMP) during the 4th quarter, Holdings Channel.com reports. The fund purchased 2,553 shares of the financial services provider’s stock, valued at approximately $1,252,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Optimize Financial Inc bought a new stake in Ameriprise Financial in the 3rd quarter valued at $453,000. Candriam S.C.A. increased its holdings in Ameriprise Financial by 83.9% in the 3rd quarter. Candriam S.C.A. now owns 63,839 shares of the financial services provider’s stock valued at $31,361,000 after buying an additional 29,116 shares during the period. Machina Capital S.A.S. bought a new stake in Ameriprise Financial in the 3rd quarter valued at $2,137,000. Midwest Trust Co increased its holdings in Ameriprise Financial by 2.3% in the 3rd quarter. Midwest Trust Co now owns 111,048 shares of the financial services provider’s stock valued at $54,552,000 after buying an additional 2,529 shares during the period. Finally, Canada Post Corp Registered Pension Plan increased its holdings in Ameriprise Financial by 275.6% in the 3rd quarter. Canada Post Corp Registered Pension Plan now owns 5,915 shares of the financial services provider’s stock valued at $2,955,000 after buying an additional 4,340 shares during the period. Institutional investors own 83.95% of the company’s stock.

Analyst Upgrades and Downgrades

AMP has been the topic of several analyst reports. Weiss Ratings lowered shares of Ameriprise Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Piper Sandler boosted their price target on shares of Ameriprise Financial from $460.00 to $471.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Raymond James Financial set a $582.00 target price on shares of Ameriprise Financial and gave the company a “strong-buy” rating in a research note on Wednesday, February 11th. Morgan Stanley boosted their target price on shares of Ameriprise Financial from $452.00 to $467.00 and gave the company an “underweight” rating in a research note on Thursday, April 30th. Finally, Keefe, Bruyette & Woods started coverage on shares of Ameriprise Financial in a research note on Friday, April 10th. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $543.22.

Ameriprise Financial Stock Down 0.8%

Shares of NYSE:AMP opened at $442.04 on Thursday. Ameriprise Financial, Inc. has a 52 week low of $422.37 and a 52 week high of $550.18. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.66 and a current ratio of 0.66. The company’s fifty day moving average is $455.69 and its 200-day moving average is $472.62. The company has a market capitalization of $39.74 billion, a PE ratio of 10.99, a P/E/G ratio of 1.05 and a beta of 1.16.

Ameriprise Financial (NYSE:AMP) last issued its earnings results on Thursday, April 23rd. The financial services provider reported $11.26 EPS for the quarter, beating the consensus estimate of $10.21 by $1.05. Ameriprise Financial had a net margin of 20.57% and a return on equity of 62.88%. The company had revenue of $4.77 billion for the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter in the previous year, the company earned $9.50 EPS. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. Equities research analysts predict that Ameriprise Financial, Inc. will post 42.63 earnings per share for the current fiscal year.

Ameriprise Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 4th were given a dividend of $1.70 per share. This is a positive change from Ameriprise Financial’s previous quarterly dividend of $1.60. The ex-dividend date was Monday, May 4th. This represents a $6.80 annualized dividend and a yield of 1.5%. Ameriprise Financial’s dividend payout ratio is currently 16.91%.

Insider Activity

In related news, Director Robert Francis Sharpe, Jr. sold 1,200 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $465.83, for a total transaction of $558,996.00. Following the transaction, the director owned 6,300 shares in the company, valued at $2,934,729. This represents a 16.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gerard P. Smyth sold 6,255 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $472.52, for a total transaction of $2,955,612.60. Following the transaction, the executive vice president owned 6,103 shares in the company, valued at approximately $2,883,789.56. This trade represents a 50.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.60% of the stock is owned by corporate insiders.

About Ameriprise Financial

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.