CHICAGO TRUST Co NA Has $2.23 Million Stake in Ameriprise Financial, Inc. (NYSE:AMP)

CHICAGO TRUST Co NA decreased its position in Ameriprise Financial, Inc. (NYSE:AMP) by 2.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,187 shares of the financial services provider’s stock after selling 103 shares during the period. CHICAGO TRUST Co NA’s holdings in Ameriprise Financial were worth $2,229,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bridgewater Associates LP boosted its stake in Ameriprise Financial by 97.8% in the 3rd quarter. Bridgewater Associates LP now owns 50,510 shares of the financial services provider’s stock worth $23,730,000 after purchasing an additional 24,968 shares during the period. Empowered Funds LLC raised its holdings in shares of Ameriprise Financial by 19.9% during the third quarter. Empowered Funds LLC now owns 8,021 shares of the financial services provider’s stock worth $3,768,000 after acquiring an additional 1,329 shares in the last quarter. SpiderRock Advisors LLC raised its holdings in Ameriprise Financial by 136.3% during the third quarter. SpiderRock Advisors LLC now owns 3,237 shares of the financial services provider’s stock valued at $1,521,000 after buying an additional 1,867 shares in the last quarter. Aljian Capital Management LLC bought a new position in Ameriprise Financial during the third quarter valued at about $458,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Ameriprise Financial by 6.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,618 shares of the financial services provider’s stock valued at $8,725,000 after buying an additional 1,191 shares in the last quarter. Institutional investors and hedge funds own 83.95% of the company’s stock.

Ameriprise Financial Stock Down 0.3 %

NYSE AMP traded down $1.76 on Monday, reaching $513.72. The company had a trading volume of 81,943 shares, compared to its average volume of 370,445. The firm has a market capitalization of $49.84 billion, a price-to-earnings ratio of 19.72, a price-to-earnings-growth ratio of 0.96 and a beta of 1.36. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.65 and a current ratio of 0.65. Ameriprise Financial, Inc. has a 1-year low of $368.41 and a 1-year high of $577.00. The company’s fifty day moving average is $548.56 and its 200-day moving average is $486.03.

Ameriprise Financial Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Monday, November 4th. Ameriprise Financial’s payout ratio is presently 22.73%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. UBS Group lowered Ameriprise Financial from a “buy” rating to a “neutral” rating and cut their target price for the company from $580.00 to $570.00 in a report on Monday, January 6th. Morgan Stanley raised 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. Royal Bank of Canada raised their price target on Ameriprise Financial from $535.00 to $550.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods lowered their price target on Ameriprise Financial from $565.00 to $560.00 and set a “market perform” rating on the stock in a research report on Friday. Finally, The Goldman Sachs Group downgraded Ameriprise Financial from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $485.00 to $476.00 in a research report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $494.89.

Insider Buying and Selling

In related news, insider Gumer Alvero sold 2,325 shares of the company’s 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 transaction, the insider now owns 4,669 shares in the company, valued at approximately $2,409,437.45. This represents a 33.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph Edward Sweeney sold 10,735 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $549.68, for a total transaction of $5,900,814.80. Following the completion of the transaction, the insider now owns 5,811 shares in the company, valued at approximately $3,194,190.48. This trade represents a 64.88 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,715 shares of company stock valued at $11,983,436. Company insiders own 0.73% of the company’s stock.

Ameriprise Financial Company 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.