Natixis Advisors LLC Boosts Stock Position in Ameriprise Financial, Inc. (NYSE:AMP)

Natixis Advisors LLC grew its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 1.1% in the third quarter, Holdings Channel reports. The institutional investor owned 126,455 shares of the financial services provider’s stock after purchasing an additional 1,379 shares during the period. Natixis Advisors LLC’s holdings in Ameriprise Financial were worth $59,410,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in AMP. Mizuho Securities USA LLC raised its position in shares of Ameriprise Financial by 96.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 15,014 shares of the financial services provider’s stock worth $7,054,000 after acquiring an additional 7,355 shares in the last quarter. Vishria Bird Financial Group LLC lifted its position in shares of Ameriprise Financial by 9.0% during the 3rd quarter. Vishria Bird Financial Group LLC now owns 2,174 shares of the financial services provider’s stock worth $1,021,000 after buying an additional 180 shares during the last quarter. Empowered Funds LLC grew its position in shares of Ameriprise Financial by 19.9% in the 3rd quarter. Empowered Funds LLC now owns 8,021 shares of the financial services provider’s stock valued at $3,768,000 after buying an additional 1,329 shares during the last quarter. Empirical Finance LLC raised its stake in Ameriprise Financial by 1.9% during the 3rd quarter. Empirical Finance LLC now owns 3,623 shares of the financial services provider’s stock worth $1,702,000 after acquiring an additional 69 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its position in Ameriprise Financial by 7.0% in the third quarter. CIBC Asset Management Inc now owns 14,624 shares of the financial services provider’s stock valued at $6,871,000 after acquiring an additional 958 shares during the last quarter. 83.95% of the stock is owned by institutional investors and hedge funds.

Ameriprise Financial Trading Up 0.2 %

NYSE AMP opened at $562.44 on Friday. Ameriprise Financial, Inc. has a 52-week low of $342.96 and a 52-week high of $569.47. The firm has a 50-day moving average price of $496.55 and a 200 day moving average price of $452.94. The stock has a market capitalization of $54.57 billion, a P/E ratio of 21.59, a P/E/G ratio of 0.97 and a beta of 1.34. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.99.

Ameriprise Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date was Monday, November 4th. Ameriprise Financial’s dividend payout ratio is presently 22.73%.

Analysts Set New Price Targets

AMP has been the topic of several research reports. Keefe, Bruyette & Woods raised their price objective on Ameriprise Financial from $475.00 to $510.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. UBS Group boosted their price objective 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 raised their target price 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 reduced their price target for the company from $485.00 to $476.00 in a research report on Thursday, September 26th. Finally, Morgan Stanley raised their price objective 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 investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ameriprise Financial has an average rating of “Hold” and a consensus price target of $487.67.

Insiders Place Their Bets

In other Ameriprise Financial news, insider Gumer Alvero sold 2,325 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $516.05, for a total value of $1,199,816.25. Following the completion of the transaction, the insider now directly owns 4,669 shares of the company’s stock, valued at approximately $2,409,437.45. This trade represents a 33.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP William Davies sold 8,700 shares of Ameriprise Financial stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $442.07, for a total transaction of $3,846,009.00. Following the sale, the vice president now owns 13,199 shares of the company’s stock, valued at approximately $5,834,881.93. The trade was a 39.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,415 shares of company stock worth $15,829,445. 0.73% of the stock is owned by corporate insiders.

About Ameriprise Financial

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.