Ameriprise Financial, Inc. (NYSE:AMP) Shares Sold by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. lowered its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 5.3% during the third quarter, HoldingsChannel.com reports. The firm owned 4,590 shares of the financial services provider’s stock after selling 259 shares during the period. Meeder Advisory Services Inc.’s holdings in Ameriprise Financial were worth $2,157,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in AMP. BDF Gestion acquired a new stake in shares of Ameriprise Financial in the second quarter valued at approximately $2,836,000. Capital World Investors increased its holdings in shares of Ameriprise Financial by 95.0% in the first quarter. Capital World Investors now owns 67,606 shares of the financial services provider’s stock valued at $29,641,000 after purchasing an additional 32,930 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Ameriprise Financial by 335.6% in the first quarter. Cetera Investment Advisers now owns 34,321 shares of the financial services provider’s stock valued at $15,048,000 after purchasing an additional 26,442 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Ameriprise Financial by 23.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 29,529 shares of the financial services provider’s stock worth $12,615,000 after acquiring an additional 5,692 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Ameriprise Financial by 390.2% during the second quarter. Assenagon Asset Management S.A. now owns 57,060 shares of the financial services provider’s stock worth $24,375,000 after acquiring an additional 45,420 shares during the last quarter. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Ameriprise Financial Stock Down 0.1 %

Shares of NYSE AMP opened at $561.81 on Monday. The firm has a market cap of $54.50 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 0.98 and a beta of 1.34. Ameriprise Financial, Inc. has a 1 year low of $343.98 and a 1 year high of $569.47. The stock’s 50-day simple moving average is $496.55 and its 200-day simple moving average is $453.22. 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 Dividend Announcement

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

Insider Buying and Selling

In other Ameriprise Financial news, insider Joseph Edward Sweeney sold 10,735 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $549.68, for a total value of $5,900,814.80. Following the transaction, the insider now owns 5,811 shares of the company’s stock, valued at approximately $3,194,190.48. This represents a 64.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Walter Stanley Berman sold 8,655 shares of Ameriprise Financial stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $564.16, for a total transaction 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. The trade was a 57.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,415 shares of company stock worth $15,829,445. Corporate insiders own 0.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. UBS Group lifted 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. Morgan Stanley upped their price objective on Ameriprise Financial from $440.00 to $502.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Keefe, Bruyette & Woods raised their price objective on Ameriprise Financial from $475.00 to $510.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. Royal Bank of Canada increased their target price on Ameriprise Financial from $535.00 to $550.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, The Goldman Sachs Group lowered Ameriprise Financial from a “buy” rating to a “neutral” rating and cut their target price for the stock from $485.00 to $476.00 in a research report on Thursday, September 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $487.67.

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.