There has been some selling insider activity on Ameriprise Financial, Inc. Comm (NYSE:AMP) recently. Randy Kupper, EVP disclosed the sale of 4,129 shares. The shares were purchased at an average price of $100.81. Kupper now owns $2,301,996 of the stock according to the SEC filing. Today John Carl Junek, Exec VP disclosed the sale of 4,683 shares of (AMP). The shares were sold on September 7th for an average price of $100.30. The Exec VP now owns $2,348,926 of the stock per the Form 4 SEC filing.
Pres Ins & Chief Strat Officer John Robert Woerner let go of 4,513 shares at an average price of $100.71 on Wed the 7th. The Pres Ins & Chief Strat Officer now owns $2,065,864 of the stock as recorded in a recent Form 4 SEC filing.
Here are a few additional firms who have increased or decreased their stake in (AMP). Evercore Wealth Management, LLC bolstered its stake by buying 251 shares an increase of 17.9% in the quarter. Evercore Wealth Management, LLC controls 1,654 shares valued at $149,000. The value of the position overall is up by 12.9%. As of the end of the quarter BNP Paribas Investment Partners S.A. had disposed of a total of 158,849 shares trimming its holdings by 92.7%. The value of the total investment in Ameriprise Financial, Inc. Comm went from $18,238,000 to $1,126,000 decreasing 93.8% for the reporting period.
As of quarter end Twin Tree Management, Lp had sold 14,024 shares trimming its stake by 82.5%. The value of the investment in Ameriprise Financial, Inc. Comm decreased from $1,252,000 to $317,000 a change of 74.7% quarter over quarter. Nomura Holdings Inc grew its holdings by buying 951 shares an increase of 42.3% as of 06/30/2016. Nomura Holdings Inc currently owns 3,200 shares worth $290,000. The total value of its holdings increased 20.8%.
July 28 investment analysts at Deutsche Bank left the stock rating at “Buy” but raised the price expectation from $106.00 to $112.00. On July 25 the stock rating was downgraded to “Sector Perform” from “” by analysts at RBC Capital.
On July 7 Deutsche Bank left the company rating at “” but moved down the price target to $106.00 from $128.00. April 6 investment analysts at Citigroup kept the company rating at “Neutral” and raised the price expectation from $94.00 to $99.00.
Equity analyst SunTrust Robinson Humphrey initiated coverage with an initial rating of “Buy” and establishing a price target of $115.00. January 29 investment analysts at Barclays made no change to the stock rating of “Equal-weight” but lowered the price target to $99.00 from $123.00.
The company is so far trading up since yesterday’s close of $97.86. The company announced a dividend for shareholders paid on Friday the 19th of August 2016. The dividend was $0.750 per share for the quarter which comes to $3.00 on an annualized basis. This dividend amount represented a yeild of $3.01. The ex-dividend date was set for Thursday the 4th of August 2016.
Shares of the company are trading at $98.37 which is a tad under the 50 day moving average of $98.72 and a tad above the 200 day moving average of $96.32. The 50 day moving average was down $-0.35 or -0.35% and the 200 day average was up $2.05.
The most current P/E ratio is 11.94 and market cap is 15.88B. In the latest earnings report the EPS was $8.24 and is estimated to be $9.27 for the current year with 161,420,000 shares outstanding. Next quarter’s EPS is forecasted at $2.48 and the next full year EPS is anticipated to be $10.46.