First Hawaiian Bank boosted its position in shares of Ameriprise Financial, Inc. (NYSE:AMP – Get Rating) by 6.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,620 shares of the financial services provider's stock after purchasing an additional 275 shares during the quarter. First Hawaiian Bank's holdings in Ameriprise Financial were worth $1,439,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AMP. Fairfield Bush & CO. acquired a new position in shares of Ameriprise Financial in the first quarter valued at approximately $53,000. Synovus Financial Corp boosted its holdings in shares of Ameriprise Financial by 2.9% in the first quarter. Synovus Financial Corp now owns 1,961 shares of the financial services provider's stock valued at $588,000 after buying an additional 56 shares during the period. Aviva PLC boosted its holdings in shares of Ameriprise Financial by 23.7% in the first quarter. Aviva PLC now owns 45,024 shares of the financial services provider's stock valued at $13,523,000 after buying an additional 8,625 shares during the period. Prudential PLC acquired a new position in shares of Ameriprise Financial in the first quarter valued at approximately $724,000. Finally, Cetera Investment Advisers boosted its holdings in shares of Ameriprise Financial by 62.5% in the first quarter. Cetera Investment Advisers now owns 2,900 shares of the financial services provider's stock valued at $871,000 after buying an additional 1,115 shares during the period. Institutional investors and hedge funds own 81.66% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AMP shares. StockNews.com started coverage on shares of Ameriprise Financial in a report on Thursday, March 16th. They issued a "hold" rating for the company. UBS Group upped their price target on shares of Ameriprise Financial from $355.00 to $370.00 and gave the company a "buy" rating in a report on Monday, January 9th. The Goldman Sachs Group boosted their price objective on shares of Ameriprise Financial from $290.00 to $330.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 23rd. Argus boosted their price objective on shares of Ameriprise Financial from $340.00 to $392.00 in a research report on Tuesday, January 31st. Finally, Morgan Stanley boosted their price objective on shares of Ameriprise Financial from $340.00 to $345.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $347.18.

Insiders Place Their Bets

In other Ameriprise Financial news, CEO William F. Truscott sold 11,483 shares of the company's stock in a transaction on Friday, January 27th. The shares were sold at an average price of $347.69, for a total transaction of $3,992,524.27. Following the sale, the chief executive officer now directly owns 16,262 shares of the company's stock, valued at $5,654,134.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Dawn M. Brockman sold 410 shares of the stock in a transaction dated Tuesday, December 27th. The shares were sold at an average price of $310.63, for a total value of $127,358.30. Following the transaction, the insider now directly owns 875 shares of the company's stock, valued at $271,801.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William F. Truscott sold 11,483 shares of the stock in a transaction dated Friday, January 27th. The shares were sold at an average price of $347.69, for a total transaction of $3,992,524.27. Following the completion of the transaction, the chief executive officer now directly owns 16,262 shares in the company, valued at $5,654,134.78. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,738 shares of company stock valued at $26,606,004. 1.00% of the stock is currently owned by corporate insiders.

Ameriprise Financial Stock Performance

NYSE AMP opened at $301.97 on Wednesday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.43. The firm's fifty day moving average price is $334.23 and its two-hundred day moving average price is $311.04. Ameriprise Financial, Inc. has a 1 year low of $219.99 and a 1 year high of $357.46. The firm has a market capitalization of $32.14 billion, a P/E ratio of 13.45, a price-to-earnings-growth ratio of 0.51 and a beta of 1.49.

Ameriprise Financial (NYSE:AMP – Get Rating) last posted its quarterly earnings results on Thursday, January 26th. The financial services provider reported $6.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.35 by $0.59. Ameriprise Financial had a net margin of 17.91% and a return on equity of 70.64%. The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same period in the prior year, the firm posted $6.15 earnings per share. The company's quarterly revenue was down 3.8% compared to the same quarter last year. As a group, research analysts anticipate that Ameriprise Financial, Inc. will post 30.69 EPS for the current year.

Ameriprise Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 28th. Shareholders of record on Friday, February 10th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend was Thursday, February 9th. Ameriprise Financial's dividend payout ratio (DPR) is currently 22.27%.

Ameriprise Financial Profile

(Get Rating)

Ameriprise Financial, Inc operates as a holding company. The firm provides financial planning, asset management and insurance services to individuals, businesses and institutions. It operates through the following business segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other.

See Also

• Get a free copy of the StockNews.com research report on Ameriprise Financial (AMP)
• On Holding AG Sprints Higher on Margin Expansion and Guidance
• Price Growth & Yield: For That Magical Combo, Leave the U.S.
• Game-Changing News For Tesla Investors
• DOW New Hghs Coming Sooner Than Later
• The Tide Is Turning For Harley-Davidson

Receive News & Ratings for Ameriprise Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameriprise Financial and related companies with MarketBeat.com's FREE daily email newsletter.