Savant Capital LLC Purchases 54 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Savant Capital LLC grew its position in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 0.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,717 shares of the financial services provider’s stock after buying an additional 54 shares during the quarter. Savant Capital LLC’s holdings in Ameriprise Financial were worth $3,576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of AMP. Brookstone Capital Management bought a new position in shares of Ameriprise Financial during the 3rd quarter valued at $226,000. Ritholtz Wealth Management lifted its holdings in shares of Ameriprise Financial by 11.7% during the 3rd quarter. Ritholtz Wealth Management now owns 1,964 shares of the financial services provider’s stock valued at $922,000 after buying an additional 206 shares during the period. Exchange Traded Concepts LLC bought a new position in shares of Ameriprise Financial during the 3rd quarter valued at $108,000. Armstrong Advisory Group Inc. lifted its holdings in shares of Ameriprise Financial by 16.7% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 265 shares of the financial services provider’s stock valued at $124,000 after buying an additional 38 shares during the period. Finally, Paladin Wealth LLC bought a new position in Ameriprise Financial in the 3rd quarter worth $144,000. 83.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on AMP. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $625.00 target price on shares of Ameriprise Financial in a report on Monday, February 3rd. Piper Sandler raised their target price on Ameriprise Financial from $415.00 to $442.00 and gave the stock an “underweight” rating in a report on Friday, January 31st. UBS Group cut Ameriprise Financial from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $580.00 to $570.00 in a report on Monday, January 6th. Keefe, Bruyette & Woods raised their target price on Ameriprise Financial from $560.00 to $570.00 and gave the stock a “market perform” rating in a report on Monday, February 3rd. Finally, Morgan Stanley raised their target price on Ameriprise Financial from $440.00 to $502.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Ameriprise Financial has a consensus rating of “Hold” and a consensus price target of $510.44.

Ameriprise Financial Price Performance

NYSE:AMP opened at $528.72 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 0.59 and a debt-to-equity ratio of 1.01. The business’s 50-day simple moving average is $543.42 and its two-hundred day simple moving average is $503.37. The stock has a market cap of $51.29 billion, a PE ratio of 15.99, a P/E/G ratio of 1.18 and a beta of 1.36. Ameriprise Financial, Inc. has a 52 week low of $385.74 and a 52 week high of $582.05.

Ameriprise Financial (NYSE:AMP) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $9.36 EPS for the quarter, beating analysts’ consensus estimates of $9.16 by $0.20. Ameriprise Financial had a return on equity of 69.35% and a net margin of 19.70%. As a group, analysts forecast that Ameriprise Financial, Inc. will post 38.55 EPS for the current fiscal year.

Ameriprise Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, February 10th will be given a dividend of $1.48 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.12%. Ameriprise Financial’s payout ratio is 17.91%.

Insider Activity

In other news, CEO William F. Truscott sold 6,000 shares of the firm’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $540.29, for a total transaction of $3,241,740.00. Following the completion of the transaction, the chief executive officer now owns 14,023 shares in the company, valued at $7,576,486.67. This trade represents a 29.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.73% of the company’s stock.

Ameriprise Financial Company Profile

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.