Virtu Financial LLC lowered its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 32.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,927 shares of the financial services provider’s stock after selling 1,926 shares during the quarter. Virtu Financial LLC’s holdings in Ameriprise Financial were worth $666,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently bought and sold shares of the company. Lee Financial Co increased its holdings in Ameriprise Financial by 99.4% in the fourth quarter. Lee Financial Co now owns 682 shares of the financial services provider’s stock valued at $116,000 after buying an additional 340 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in Ameriprise Financial by 150.0% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 780 shares of the financial services provider’s stock valued at $132,000 after buying an additional 468 shares during the last quarter. Wesbanco Bank Inc. purchased a new position in Ameriprise Financial in the third quarter valued at $200,000. Shelton Capital Management purchased a new position in Ameriprise Financial in the third quarter valued at $203,000. Finally, Point View Wealth Management Inc. purchased a new position in Ameriprise Financial in the fourth quarter valued at $207,000. 80.51% of the stock is currently owned by institutional investors and hedge funds.
In other Ameriprise Financial news, insider David Kent Stewart sold 4,817 shares of the company’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $171.51, for a total value of $826,163.67. Following the completion of the transaction, the insider now owns 29,727 shares in the company, valued at $5,098,477.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph Edward Sweeney sold 7,329 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $169.47, for a total transaction of $1,242,045.63. Following the completion of the transaction, the insider now owns 37,991 shares of the company’s stock, valued at approximately $6,438,334.77. The disclosure for this sale can be found here. Insiders sold 53,406 shares of company stock valued at $9,173,330 in the last 90 days. 1.50% of the stock is currently owned by insiders.
Ameriprise Financial, Inc. (NYSE AMP) opened at $156.44 on Thursday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.85. Ameriprise Financial, Inc. has a 12 month low of $118.84 and a 12 month high of $183.90. The stock has a market cap of $23,379.50, a price-to-earnings ratio of 16.57 and a beta of 1.85.
Ameriprise Financial (NYSE:AMP) last released its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.08 by ($1.90). Ameriprise Financial had a net margin of 12.31% and a return on equity of 31.03%. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the prior year, the company earned $2.46 EPS. The business’s revenue was up 9.6% on a year-over-year basis. equities research analysts forecast that Ameriprise Financial, Inc. will post 14.43 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Friday, February 16th were paid a $0.83 dividend. The ex-dividend date was Thursday, February 15th. This represents a $3.32 annualized dividend and a yield of 2.12%. Ameriprise Financial’s dividend payout ratio is presently 35.17%.
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Ameriprise Financial Profile
Ameriprise Financial, Inc is a financial services company that offers financial solutions to individual and institutional clients. The Company operates in five segments: Advice & Wealth Management; Asset Management; Annuities; Protection, and Corporate & Other. The Company uses Ameriprise Financial as its enterprise brand, as well as the name of its advisor network and certain of its retail products and services.
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