Ameriprise Financial, Inc. $AMP Shares Sold by Impact Investors Inc

Impact Investors Inc reduced its holdings in Ameriprise Financial, Inc. (NYSE:AMP) by 1.2% during the 2nd quarter, Holdings Channel reports. The firm owned 3,089 shares of the financial services provider’s stock after selling 36 shares during the quarter. Ameriprise Financial makes up about 1.2% of Impact Investors Inc’s holdings, making the stock its 20th largest holding. Impact Investors Inc’s holdings in Ameriprise Financial were worth $1,649,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. QRG Capital Management Inc. boosted its stake in shares of Ameriprise Financial by 6.2% in the second quarter. QRG Capital Management Inc. now owns 25,352 shares of the financial services provider’s stock worth $13,531,000 after acquiring an additional 1,477 shares during the last quarter. Fairvoy Private Wealth LLC boosted its stake in shares of Ameriprise Financial by 2.0% in the second quarter. Fairvoy Private Wealth LLC now owns 7,935 shares of the financial services provider’s stock worth $4,235,000 after acquiring an additional 158 shares during the last quarter. Jackson Wealth Management LLC boosted its stake in shares of Ameriprise Financial by 1.0% in the second quarter. Jackson Wealth Management LLC now owns 8,551 shares of the financial services provider’s stock worth $4,564,000 after acquiring an additional 85 shares during the last quarter. Ascent Group LLC boosted its stake in shares of Ameriprise Financial by 5.0% in the second quarter. Ascent Group LLC now owns 804 shares of the financial services provider’s stock worth $429,000 after acquiring an additional 38 shares during the last quarter. Finally, New Century Financial Group LLC acquired a new stake in shares of Ameriprise Financial in the second quarter worth approximately $249,000. 83.95% of the stock is owned by institutional investors and hedge funds.

Ameriprise Financial Price Performance

NYSE:AMP opened at $491.67 on Friday. Ameriprise Financial, Inc. has a 52 week low of $396.14 and a 52 week high of $582.05. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $46.35 billion, a P/E ratio of 15.30, a P/E/G ratio of 1.11 and a beta of 1.26. The stock’s fifty day moving average is $502.93 and its two-hundred day moving average is $502.10.

Ameriprise Financial (NYSE:AMP) last posted its earnings results on Thursday, July 24th. The financial services provider reported $9.11 EPS for the quarter, beating analysts’ consensus estimates of $9.00 by $0.11. The company had revenue of $4.49 billion for the quarter, compared to the consensus estimate of $4.33 billion. Ameriprise Financial had a return on equity of 65.90% and a net margin of 18.30%.The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $8.72 earnings per share. Equities analysts expect that Ameriprise Financial, Inc. will post 38.64 EPS for the current year.

Ameriprise Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, August 4th were issued a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, August 4th. Ameriprise Financial’s payout ratio is currently 19.91%.

Analyst Ratings Changes

A number of analysts have recently issued reports on AMP shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ameriprise Financial in a research note on Saturday, September 27th. William Blair lowered Ameriprise Financial from an “outperform” rating to a “market perform” rating in a research note on Friday, July 25th. Raymond James Financial boosted their price objective on Ameriprise Financial from $518.00 to $582.00 and gave the stock a “strong-buy” rating in a research note on Friday, July 25th. Piper Sandler boosted their price objective on Ameriprise Financial from $423.00 to $434.00 and gave the stock an “underweight” rating in a research note on Thursday, July 3rd. Finally, Morgan Stanley lowered their price objective on Ameriprise Financial from $530.00 to $484.00 and set an “underweight” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $535.14.

Insider Buying and Selling at Ameriprise Financial

In related news, EVP Heather J. Melloh sold 1,500 shares of the business’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $512.34, for a total value of $768,510.00. Following the sale, the executive vice president owned 2,562 shares in the company, valued at approximately $1,312,615.08. The trade was a 36.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William F. Truscott sold 9,929 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $506.89, for a total value of $5,032,910.81. Following the completion of the sale, the chief executive officer owned 11,047 shares in the company, valued at $5,599,613.83. This represents a 47.34% decrease in their position. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by insiders.

Ameriprise Financial 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.