CHICAGO TRUST Co NA Has $1.26 Million Stock Position in Ameriprise Financial, Inc. (NYSE:AMP)

CHICAGO TRUST Co NA lowered its holdings in Ameriprise Financial, Inc. (NYSE:AMP) by 5.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,325 shares of the financial services provider’s stock after selling 175 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Ameriprise Financial were worth $1,263,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BOKF NA lifted its position in shares of Ameriprise Financial by 12.7% in the 2nd quarter. BOKF NA now owns 12,334 shares of the financial services provider’s stock worth $4,097,000 after acquiring an additional 1,390 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Ameriprise Financial in the 3rd quarter worth approximately $1,150,000. Thrivent Financial for Lutherans lifted its position in shares of Ameriprise Financial by 74.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 553,481 shares of the financial services provider’s stock worth $183,843,000 after acquiring an additional 236,944 shares during the period. Amalgamated Bank lifted its position in shares of Ameriprise Financial by 6.4% in the 3rd quarter. Amalgamated Bank now owns 30,245 shares of the financial services provider’s stock worth $9,971,000 after acquiring an additional 1,806 shares during the period. Finally, ING Groep NV bought a new stake in shares of Ameriprise Financial in the 3rd quarter worth approximately $4,248,000. Institutional investors and hedge funds own 82.62% of the company’s stock.

Insider Buying and Selling

In related news, insider Gumer Alvero sold 385 shares of Ameriprise Financial stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $400.98, for a total transaction of $154,377.30. Following the completion of the sale, the insider now directly owns 6,994 shares of the company’s stock, valued at $2,804,454.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO William F. Truscott sold 8,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $412.05, for a total value of $3,296,400.00. Following the sale, the chief executive officer now directly owns 13,134 shares in the company, valued at $5,411,864.70. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Gumer Alvero sold 385 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $400.98, for a total value of $154,377.30. Following the sale, the insider now owns 6,994 shares in the company, valued at approximately $2,804,454.12. The disclosure for this sale can be found here. Insiders sold a total of 87,285 shares of company stock valued at $34,741,478 over the last three months. Company insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on AMP. Keefe, Bruyette & Woods raised their price objective on Ameriprise Financial from $400.00 to $420.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 30th. Evercore ISI downgraded Ameriprise Financial from an “outperform” rating to an “in-line” rating and raised their target price for the stock from $385.00 to $400.00 in a research report on Thursday, January 4th. StockNews.com downgraded Ameriprise Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th. Morgan Stanley raised their target price on Ameriprise Financial from $394.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Finally, Raymond James began coverage on Ameriprise Financial in a research report on Thursday. They set a “market perform” rating for the company. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $422.83.

Ameriprise Financial Trading Down 1.3 %

Shares of NYSE AMP traded down $5.57 during midday trading on Friday, hitting $430.16. The stock had a trading volume of 445,079 shares, compared to its average volume of 515,665. The company’s 50-day simple moving average is $400.94 and its 200 day simple moving average is $365.65. The firm has a market cap of $43.10 billion, a P/E ratio of 18.14, a price-to-earnings-growth ratio of 0.81 and a beta of 1.36. Ameriprise Financial, Inc. has a fifty-two week low of $279.85 and a fifty-two week high of $437.23. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.56 and a quick ratio of 0.56.

Ameriprise Financial (NYSE:AMP) last released its earnings results on Thursday, January 25th. The financial services provider reported $7.75 EPS for the quarter, beating the consensus estimate of $7.67 by $0.08. The company had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $3.90 billion. Ameriprise Financial had a return on equity of 77.39% and a net margin of 16.27%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the firm earned $6.94 EPS. Research analysts anticipate that Ameriprise Financial, Inc. will post 34.12 EPS for the current year.

Ameriprise Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Friday, February 9th were paid a dividend of $1.35 per share. The ex-dividend date was Thursday, February 8th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.26%. Ameriprise Financial’s dividend payout ratio (DPR) is presently 22.78%.

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.