Recently, several hedge funds adjusted their investments in Ameriprise Financial. Retirement Group LLC purchased a new stake worth $25,000. DiNuzzo Private Wealth Inc. increased its shares by 268.8%, now holding 59 shares valued at $25,000. Accordant Advisory Group Inc acquired shares worth about $26,000 and Redmont Wealth Advisors LLC invested around $28,000. Mascoma Wealth Management LLC raised its stake by 153.8%, owning 66 shares now worth $28,000. In total, institutional investors own 83.95% of the company.
Ameriprise Financial Stock Overview
On Thursday, Ameriprise Financial (AMP) shares opened at $480.34. The stock has ranged from a low of $306.63 to a high of $482.23 over the past year. The market cap is $47.71 billion, with a PE ratio of 16.35, and analysts predict earnings of 34.81 per share for the year.
Dividend Announcement
A quarterly dividend of $1.48 was paid on August 16th, yielding 1.23%, with a payout ratio of 20.15%.
Insider Trading
VP William Davies sold 8,700 shares at $442.07 each, totaling about $3.85 million. He now holds 13,199 shares, valued at approximately $5.83 million. Insiders own 0.73% of the stock.
Analyst Ratings
Analysts have mixed views on Ameriprise Financial. Recent reports have set targets ranging from $387 to $504, with a consensus rating of “Hold” and an average price target of $463. Analysts acknowledge one sell rating, six holds, and four buys.
About Ameriprise Financial
Ameriprise Financial, Inc. offers various financial products and services in the U.S. and internationally, operating in segments including Wealth Management, Asset Management, and Retirement Solutions.
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Want to see what other hedge funds are holding AMP? Visit HoldingsChannel.com for the latest filings and trades for Ameriprise Financial (NYSE:AMP).
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