1 week Ago By ABMN Staff
GAMMA Investing LLC increased its stake in Ameriprise Financial, Inc. ( NYSE:AMP – Free Report ) by 4.4% during the fourth quarter, HoldingsChannel.
com reports. The fund owned 4,284 shares of the financial services provider’s stock after buying an additional 182 shares during the period. GAMMA Investing LLC’s holdings in Ameriprise Financial were worth $2,281,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Mascoma Wealth Management LLC increased its stake in Ameriprise Financial by 153.8% in the 2nd quarter.
Mascoma Wealth Management LLC now owns 66 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 40 shares in the last quarter. Oakworth Capital Inc. acquired a new position in Ameriprise Financial in the 3rd quarter worth approximately $31,000.
Country Trust Bank boosted its stake in Ameriprise Financial by 213.6% in the 3rd quarter. Country Trust Bank now owns 69 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 47 shares during the period.
Peterson Financial Group Inc. purchased a new position in Ameriprise Financial during the 3rd quarter worth approximately $45,000. Finally, Trifecta Capital Advisors LLC raised its stake in Ameriprise Financial by 31.
4% during 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. 83.
95% of the stock is owned by institutional investors and hedge funds. Analyst Ratings Changes AMP has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods lifted their price target on Ameriprise Financial from $475.
00 to $510.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. UBS Group lifted their target price on Ameriprise Financial from $490.
00 to $555.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Royal Bank of Canada increased their price target on shares of Ameriprise Financial from $535.
00 to $550.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. The Goldman Sachs Group downgraded shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $485.
00 to $476.00 in a research report on Thursday, September 26th. Finally, Morgan Stanley increased their target price on shares of Ameriprise Financial from $440.
00 to $502.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock.
According to data from MarketBeat, Ameriprise Financial currently has a consensus rating of “Hold” and a consensus target price of $487.67. Ameriprise Financial Price Performance NYSE AMP opened at $529.
96 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.
65 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $51.
41 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 0.96 and a beta of 1.
34. Ameriprise Financial, Inc. has a 12-month low of $368.
41 and a 12-month high of $577.00. The company has a 50 day moving average price of $546.
29 and a two-hundred day moving average price of $481.53. Ameriprise Financial Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th.
Investors of record on Monday, November 4th were paid a $1.48 dividend. This represents a $5.
92 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Monday, November 4th.
Ameriprise Financial’s payout ratio is presently 22.73%. Insider Buying and Selling In related news, insider Gumer Alvero sold 2,325 shares of the business’s stock in a transaction that occurred on Thursday, October 31st.
The stock was sold at an average price of $516.05, for a total value of $1,199,816.25.
Following the completion of the sale, the insider now directly owns 4,669 shares in the company, valued at approximately $2,409,437.45. The trade was a 33.
24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link . Also, CFO Walter Stanley Berman sold 8,655 shares of the stock in a transaction that occurred on Monday, November 11th.
The shares were sold at an average price of $564.16, for a total value of $4,882,804.80.
Following the transaction, the chief financial officer now owns 6,409 shares in the company, valued at approximately $3,615,701.44. This trade represents a 57.
45 % decrease in their position. The disclosure for this sale can be found here . Over the last three months, insiders sold 21,715 shares of company stock worth $11,983,436.
Corporate insiders own 0.73% of the company’s stock. Ameriprise Financial Company Profile ( Free Report ) 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. Read More Want to see what other hedge funds are holding AMP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ameriprise Financial, Inc.
( NYSE:AMP – Free Report ). 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 .
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