First Bank & Trust Has $99,000 Position in Ameriprise Financial, Inc. (AMP)

First Bank & Trust cut its position in Ameriprise Financial, Inc. (NYSE:AMP) by 15.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 775 shares of the financial services provider’s stock after selling 143 shares during the period. First Bank & Trust’s holdings in Ameriprise Financial were worth $99,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Canton Hathaway LLC bought a new position in Ameriprise Financial in the first quarter valued at $36,000. Laurel Wealth Advisors LLC bought a new position in Ameriprise Financial in the fourth quarter valued at $30,000. Enlightenment Research LLC bought a new position in Ameriprise Financial in the fourth quarter valued at $31,000. Executive Wealth Management LLC bought a new position in Ameriprise Financial in the fourth quarter valued at $38,000. Finally, Legacy Advisors LLC bought a new position in Ameriprise Financial in the first quarter valued at $47,000. Institutional investors own 84.98% of the company’s stock.

Shares of AMP opened at $144.07 on Wednesday. Ameriprise Financial, Inc. has a one year low of $95.69 and a one year high of $153.15. The stock has a market capitalization of $19.13 billion, a PE ratio of 9.64 and a beta of 1.91. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.82.

Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings data on Wednesday, January 30th. The financial services provider reported $3.80 EPS for the quarter, beating analysts’ consensus estimates of $3.68 by $0.12. Ameriprise Financial had a net margin of 16.35% and a return on equity of 38.65%. The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter last year, the firm posted $1.18 EPS. The company’s quarterly revenue was up .0% on a year-over-year basis. On average, research analysts forecast that Ameriprise Financial, Inc. will post 15.45 earnings per share for the current fiscal year.

A number of research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Ameriprise Financial from a “hold” rating to a “sell” rating in a research report on Monday, December 31st. ValuEngine raised shares of Ameriprise Financial from a “strong sell” rating to a “sell” rating in a research report on Tuesday, January 15th. UBS Group raised their target price on shares of Ameriprise Financial from $156.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Morgan Stanley decreased their price objective on shares of Ameriprise Financial from $170.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, January 11th. Finally, Barclays lifted their price objective on shares of Ameriprise Financial from $135.00 to $146.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. Ameriprise Financial has an average rating of “Hold” and a consensus target price of $152.38.

In other news, EVP Colin Moore sold 24,032 shares of Ameriprise Financial stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $133.64, for a total value of $3,211,636.48. Following the completion of the transaction, the executive vice president now owns 56,447 shares of the company’s stock, valued at approximately $7,543,577.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.90% of the company’s stock.

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About Ameriprise Financial

Ameriprise Financial, Inc, through its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through five segments: Advice & Wealth Management, Asset Management, Annuities, Protection, and Corporate & Other.

Further Reading: Ex-Dividend

Institutional Ownership by Quarter for Ameriprise Financial (NYSE:AMP)

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