Ameriprise Financial, Inc. (NYSE:AMP) Shares Bought by Bank OZK

Bank OZK raised its position in Ameriprise Financial, Inc. (NYSE:AMP) by 8.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,416 shares of the financial services provider’s stock after buying an additional 257 shares during the quarter. Bank OZK’s holdings in Ameriprise Financial were worth $1,297,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. OFI Invest Asset Management acquired a new position in Ameriprise Financial in the 3rd quarter valued at $25,000. Carmel Capital Partners LLC acquired a new position in Ameriprise Financial in the 3rd quarter valued at $30,000. Turtle Creek Wealth Advisors LLC acquired a new position in Ameriprise Financial in the 4th quarter valued at $34,000. Wetzel Investment Advisors Inc. acquired a new position in Ameriprise Financial in the 4th quarter valued at $34,000. Finally, Fortitude Family Office LLC acquired a new position in Ameriprise Financial in the 4th quarter valued at $39,000. 83.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Ameriprise Financial

In other Ameriprise Financial news, SVP Dawn M. Brockman sold 224 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $434.13, for a total value of $97,245.12. Following the completion of the sale, the senior vice president now owns 1,288 shares of the company’s stock, valued at $559,159.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Joseph Edward Sweeney sold 5,146 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $389.47, for a total transaction of $2,004,212.62. Following the completion of the sale, the insider now owns 9,421 shares of the company’s stock, valued at $3,669,196.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Dawn M. Brockman sold 224 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $434.13, for a total transaction of $97,245.12. Following the sale, the senior vice president now directly owns 1,288 shares of the company’s stock, valued at approximately $559,159.44. The disclosure for this sale can be found here. Insiders sold 79,472 shares of company stock valued at $31,779,805 over the last 90 days. 0.73% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on AMP shares. Piper Sandler upped their price target on shares of Ameriprise Financial from $360.00 to $392.00 and gave the stock an “underweight” rating in a research note on Friday, April 5th. Raymond James started coverage on shares of Ameriprise Financial in a research note on Thursday, March 21st. They set a “market perform” rating on the stock. UBS Group upped their price target on shares of Ameriprise Financial from $440.00 to $445.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Keefe, Bruyette & Woods upped their price target on shares of Ameriprise Financial from $420.00 to $460.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 10th. Finally, Evercore ISI upped their price target on shares of Ameriprise Financial from $400.00 to $445.00 and gave the stock an “in-line” rating in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Ameriprise Financial has a consensus rating of “Hold” and a consensus price target of $449.57.

Ameriprise Financial Trading Down 0.2 %

NYSE:AMP traded down $0.90 on Friday, reaching $410.01. The stock had a trading volume of 454,209 shares, compared to its average volume of 517,879. The company has a market cap of $41.08 billion, a price-to-earnings ratio of 13.95, a P/E/G ratio of 0.70 and a beta of 1.36. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.56 and a quick ratio of 0.56. The firm’s fifty day moving average is $418.65 and its two-hundred day moving average is $380.77. Ameriprise Financial, Inc. has a 12-month low of $279.85 and a 12-month high of $440.67.

Ameriprise Financial (NYSE:AMP) last posted its earnings results on Wednesday, April 24th. The financial services provider reported $8.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 19.42% and a return on equity of 75.97%. The company’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $7.25 EPS. Equities analysts expect that Ameriprise Financial, Inc. will post 34.65 EPS for the current fiscal year.

Ameriprise Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Monday, May 6th will be given a $1.48 dividend. This is an increase 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 yield of 1.44%. Ameriprise Financial’s dividend payout ratio (DPR) is 18.38%.

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.