Radnor Capital Management LLC Sells 215 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Radnor Capital Management LLC decreased its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 3.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,827 shares of the financial services provider’s stock after selling 215 shares during the quarter. Radnor Capital Management LLC’s holdings in Ameriprise Financial were worth $3,635,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMP. Oakworth Capital Inc. acquired a new position in Ameriprise Financial during the third quarter worth $31,000. Country Trust Bank grew its position in shares of Ameriprise Financial by 213.6% in the 3rd quarter. Country Trust Bank now owns 69 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 47 shares during the period. Peterson Financial Group Inc. acquired a new position in shares of Ameriprise Financial during the 3rd quarter worth about $45,000. Friedenthal Financial bought a new stake in shares of Ameriprise Financial in the 4th quarter valued at about $58,000. Finally, Trifecta Capital Advisors LLC raised its holdings in shares of Ameriprise Financial by 31.4% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 138 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 33 shares during the period. Institutional investors own 83.95% of the company’s stock.

Wall Street Analysts Forecast Growth

AMP has been the subject of a number of research analyst reports. Royal Bank of Canada lifted their price target on Ameriprise Financial from $535.00 to $550.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Keefe, Bruyette & Woods reduced their target price on Ameriprise Financial from $565.00 to $560.00 and set a “market perform” rating for the company in a research note on Friday, January 10th. UBS Group cut Ameriprise Financial from a “buy” rating to a “neutral” rating and dropped their price target for the company from $580.00 to $570.00 in a research note on Monday, January 6th. The Goldman Sachs Group downgraded Ameriprise Financial from a “buy” rating to a “neutral” rating and cut their price target for the company from $485.00 to $476.00 in a report on Thursday, September 26th. Finally, Morgan Stanley upped their price objective on shares of Ameriprise Financial from $440.00 to $502.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Ameriprise Financial presently has an average rating of “Hold” and a consensus price target of $494.89.

Ameriprise Financial Stock Up 1.7 %

AMP opened at $526.21 on Wednesday. The stock has a fifty day moving average of $549.04 and a 200-day moving average of $487.35. The company has a market capitalization of $51.05 billion, a P/E ratio of 20.20, a P/E/G ratio of 0.96 and a beta of 1.36. Ameriprise Financial, Inc. has a fifty-two week low of $368.41 and a fifty-two week high of $577.00. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.65 and a current ratio of 0.65.

Ameriprise Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a $1.48 dividend. This represents a $5.92 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Monday, November 4th. Ameriprise Financial’s dividend payout ratio (DPR) is 22.73%.

Insider Buying and Selling at Ameriprise Financial

In related news, CFO Walter Stanley Berman sold 8,655 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $564.16, for a total value of $4,882,804.80. Following the completion of the transaction, the chief financial officer now owns 6,409 shares of the company’s stock, valued at $3,615,701.44. The trade was a 57.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph Edward Sweeney sold 10,735 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $549.68, for a total transaction of $5,900,814.80. Following the sale, the insider now owns 5,811 shares in the company, valued at $3,194,190.48. The trade was a 64.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,715 shares of company stock valued at $11,983,436 in the last quarter. Company insiders own 0.73% of the company’s stock.

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.