Larson Financial Group LLC Has $625,000 Position in Ameriprise Financial, Inc. (NYSE:AMP)

Larson Financial Group LLC lifted its holdings in Ameriprise Financial, Inc. (NYSE:AMP) by 15.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,329 shares of the financial services provider’s stock after buying an additional 179 shares during the quarter. Larson Financial Group LLC’s holdings in Ameriprise Financial were worth $625,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. DiNuzzo Private Wealth Inc. boosted its holdings in shares of Ameriprise Financial by 268.8% in the second quarter. DiNuzzo Private Wealth Inc. now owns 59 shares of the financial services provider’s stock valued at $25,000 after buying an additional 43 shares during the period. Accordant Advisory Group Inc bought a new position in Ameriprise Financial during the 2nd quarter worth about $26,000. Mascoma Wealth Management LLC raised its stake in shares of Ameriprise Financial by 153.8% in the 2nd quarter. Mascoma Wealth Management LLC now owns 66 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 40 shares during the period. Bank & Trust Co bought a new stake in shares of Ameriprise Financial in the second quarter valued at about $29,000. Finally, Hantz Financial Services Inc. acquired a new position in shares of Ameriprise Financial during the second quarter worth about $29,000. 83.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AMP. 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 report on Tuesday, October 8th. Morgan Stanley boosted 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. Keefe, Bruyette & Woods raised their target price on shares of Ameriprise Financial from $475.00 to $510.00 and gave the company a “market perform” rating in a research report on Tuesday, October 29th. Royal Bank of Canada boosted 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. Finally, The Goldman Sachs Group cut Ameriprise Financial from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $485.00 to $476.00 in a report on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $487.67.

Insider Transactions at Ameriprise Financial

In other Ameriprise Financial news, insider Gumer Alvero sold 2,325 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $516.05, for a total transaction of $1,199,816.25. Following the completion of the sale, the insider now directly owns 4,669 shares in the company, valued at $2,409,437.45. This trade represents a 33.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP William Davies sold 8,700 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $442.07, for a total value of $3,846,009.00. Following the completion of the transaction, the vice president now directly owns 13,199 shares in the company, valued at $5,834,881.93. The trade was a 39.73 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 30,415 shares of company stock worth $15,829,445. 0.96% of the stock is owned by company insiders.

Ameriprise Financial Trading Down 0.2 %

Shares of NYSE:AMP opened at $570.67 on Tuesday. Ameriprise Financial, Inc. has a 52-week low of $345.43 and a 52-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. The company has a market capitalization of $55.36 billion, a P/E ratio of 21.91, a price-to-earnings-growth ratio of 1.00 and a beta of 1.34. The company has a 50-day simple moving average of $512.08 and a 200 day simple moving average of $459.29.

Ameriprise Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were given a $1.48 dividend. The ex-dividend date was Monday, November 4th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.04%. Ameriprise Financial’s payout ratio is 22.73%.

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.