Leeward Investments LLC MA Has $17.35 Million Holdings in Ameriprise Financial, Inc. (NYSE:AMP)

Leeward Investments LLC MA lessened its stake in Ameriprise Financial, Inc. (NYSE:AMP) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,664 shares of the financial services provider’s stock after selling 1,231 shares during the quarter. Leeward Investments LLC MA’s holdings in Ameriprise Financial were worth $17,345,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Barclays PLC raised its stake in Ameriprise Financial by 63.9% in the 3rd quarter. Barclays PLC now owns 350,391 shares of the financial services provider’s stock valued at $115,517,000 after acquiring an additional 136,621 shares during the period. Qube Research & Technologies Ltd raised its stake in Ameriprise Financial by 134.4% in the 3rd quarter. Qube Research & Technologies Ltd now owns 208,570 shares of the financial services provider’s stock valued at $68,761,000 after acquiring an additional 119,578 shares during the period. Assenagon Asset Management S.A. raised its stake in Ameriprise Financial by 107.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 209,822 shares of the financial services provider’s stock valued at $69,174,000 after acquiring an additional 108,461 shares during the period. Payden & Rygel Investment Group bought a new stake in Ameriprise Financial in the 3rd quarter valued at $28,382,000. Finally, Canada Pension Plan Investment Board raised its stake in Ameriprise Financial by 398.5% in the 3rd quarter. Canada Pension Plan Investment Board now owns 100,100 shares of the financial services provider’s stock valued at $33,001,000 after acquiring an additional 80,020 shares during the period. Institutional investors and hedge funds own 83.95% of the company’s stock.

Ameriprise Financial Trading Down 0.3 %

NYSE AMP opened at $409.81 on Friday. The company has a market cap of $41.06 billion, a price-to-earnings ratio of 13.95, a P/E/G ratio of 0.70 and a beta of 1.36. Ameriprise Financial, Inc. has a 52 week low of $279.85 and a 52 week high of $440.67. The business has a 50 day moving average price of $418.65 and a 200-day moving average price of $380.77. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.13.

Ameriprise Financial (NYSE:AMP) last released its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $8.39 EPS for the quarter, beating the consensus estimate of $8.10 by $0.29. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.15 billion. Ameriprise Financial had a return on equity of 75.97% and a net margin of 19.42%. The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $7.25 earnings per share. As a group, equities analysts expect that Ameriprise Financial, Inc. will post 34.65 earnings per share for the current fiscal year.

Ameriprise Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Monday, May 6th will be given a dividend of $1.48 per share. This is a boost from Ameriprise Financial’s previous quarterly dividend of $1.35. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $5.92 annualized dividend and a dividend yield of 1.44%. Ameriprise Financial’s payout ratio is presently 18.38%.

Insider Activity at Ameriprise Financial

In related news, Director Robert Francis Sharpe, Jr. sold 4,000 shares of Ameriprise Financial stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $386.60, for a total transaction of $1,546,400.00. Following the transaction, the director now owns 12,500 shares of the company’s stock, valued at $4,832,500. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Ameriprise Financial news, SVP Dawn M. Brockman sold 224 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $434.13, for a total value of $97,245.12. Following the transaction, the senior vice president now owns 1,288 shares of the company’s stock, valued at $559,159.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robert Francis Sharpe, Jr. sold 4,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $386.60, for a total value of $1,546,400.00. Following the transaction, the director now directly owns 12,500 shares in the company, valued at approximately $4,832,500. The disclosure for this sale can be found here. Insiders have sold a total of 79,472 shares of company stock valued at $31,779,805 over the last 90 days. Insiders own 0.73% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Piper Sandler increased their price objective on Ameriprise Financial from $360.00 to $392.00 and gave the stock an “underweight” rating in a research report on Friday, April 5th. Royal Bank of Canada raised their price target on Ameriprise Financial from $470.00 to $480.00 and gave the stock an “outperform” rating in a research report on Wednesday. The Goldman Sachs Group raised their price target on Ameriprise Financial from $437.00 to $488.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. Morgan Stanley raised their price objective on Ameriprise Financial from $400.00 to $437.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Finally, Raymond James initiated coverage on Ameriprise Financial in a research note on Thursday, March 21st. They issued a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $449.57.

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.