Ameriprise Financial, Inc. (NYSE:AMP) Shares Sold by Fulton Bank N.A.

Fulton Bank N.A. lessened its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 2.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,203 shares of the financial services provider’s stock after selling 227 shares during the quarter. Fulton Bank N.A.’s holdings in Ameriprise Financial were worth $4,368,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Oakworth Capital Inc. acquired a new stake in shares of Ameriprise Financial during the third quarter worth approximately $31,000. Country Trust Bank boosted its stake in Ameriprise Financial by 213.6% during the 3rd quarter. Country Trust Bank now owns 69 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 47 shares during the last quarter. Peterson Financial Group Inc. acquired a new position in Ameriprise Financial during the 3rd quarter worth $45,000. Trifecta Capital Advisors LLC grew its holdings 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 worth $65,000 after acquiring an additional 33 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of Ameriprise Financial by 240.5% in the 4th quarter. Versant Capital Management Inc now owns 143 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 101 shares in the last quarter. 83.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Ameriprise Financial

In related 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 transaction, the insider now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Walter Stanley Berman sold 8,655 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $564.16, for a total value of $4,882,804.80. Following the sale, the chief financial officer now directly owns 6,409 shares in the company, valued at approximately $3,615,701.44. The trade was a 57.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,715 shares of company stock worth $11,983,436 in the last three months. 0.73% of the stock is owned by company insiders.

Ameriprise Financial Stock Performance

Ameriprise Financial stock traded up $3.97 during midday trading on Wednesday, reaching $532.80. 121,233 shares of the stock traded hands, compared to its average volume of 325,757. Ameriprise Financial, Inc. has a fifty-two week low of $368.41 and a fifty-two week high of $577.00. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.99. The firm has a market cap of $51.69 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 0.96 and a beta of 1.36. The firm has a fifty day moving average price of $547.49 and a two-hundred day moving average price of $484.11.

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 issued a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Monday, November 4th. Ameriprise Financial’s dividend payout ratio (DPR) is 22.73%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AMP. Royal Bank of Canada boosted their price objective on Ameriprise Financial from $535.00 to $550.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Morgan Stanley upped their price target on Ameriprise Financial from $440.00 to $502.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods lifted their price objective on shares of Ameriprise Financial from $475.00 to $510.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. The Goldman Sachs Group cut shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $485.00 to $476.00 in a report on Thursday, September 26th. Finally, UBS Group lowered shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and decreased their price target for the company from $580.00 to $570.00 in a report on Monday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Ameriprise Financial presently has a consensus rating of “Hold” and an average target price of $489.33.

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.