Hilltop National Bank Grows Stock Holdings in Ameriprise Financial, Inc. (NYSE:AMP)

Hilltop National Bank grew its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,047 shares of the financial services provider’s stock after purchasing an additional 128 shares during the quarter. Ameriprise Financial makes up about 0.8% of Hilltop National Bank’s investment portfolio, making the stock its 27th biggest position. Hilltop National Bank’s holdings in Ameriprise Financial were worth $2,687,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in AMP. Oakworth Capital Inc. acquired a new position in Ameriprise Financial during the third quarter worth approximately $31,000. Country Trust Bank grew its stake in shares of 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 buying an additional 47 shares during the period. Peterson Financial Group Inc. acquired a new stake in shares of Ameriprise Financial during the 3rd quarter worth $45,000. Trifecta Capital Advisors LLC raised its position in shares of Ameriprise Financial by 31.4% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 138 shares of the financial services provider’s stock worth $65,000 after buying an additional 33 shares during the period. Finally, Versant Capital Management Inc raised its position 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 worth $76,000 after buying an additional 101 shares during the period. Institutional investors and hedge funds own 83.95% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on AMP. The Goldman Sachs Group lowered Ameriprise Financial from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $485.00 to $476.00 in a research note on Thursday, September 26th. Royal Bank of Canada increased 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. Keefe, Bruyette & Woods reduced their price target on shares of Ameriprise Financial from $565.00 to $560.00 and set a “market perform” rating on the stock in a research report on Friday. Morgan Stanley increased 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. Finally, UBS Group lowered shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and reduced their target price for the company from $580.00 to $570.00 in a report on Monday. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $494.89.

Insider Transactions at Ameriprise Financial

In other Ameriprise Financial news, CFO Walter Stanley Berman sold 8,655 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $564.16, for a total transaction of $4,882,804.80. Following the completion of the transaction, the chief financial officer now directly owns 6,409 shares of the company’s stock, valued at $3,615,701.44. This trade represents a 57.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gumer Alvero sold 2,325 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was 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 of the company’s stock, valued at $2,409,437.45. The trade was a 33.24 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,715 shares of company stock valued at $11,983,436. 0.73% of the stock is currently owned by insiders.

Ameriprise Financial Stock Down 3.6 %

Shares of AMP stock traded down $19.30 on Friday, hitting $515.63. The stock had a trading volume of 80,673 shares, compared to its average volume of 359,431. Ameriprise Financial, Inc. has a 52-week low of $368.41 and a 52-week high of $577.00. The firm has a market capitalization of $50.02 billion, a price-to-earnings ratio of 19.79, a P/E/G 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. The stock’s 50 day moving average is $548.38 and its 200-day moving average is $484.81.

Ameriprise Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were paid a dividend of $1.48 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $5.92 annualized dividend and a dividend yield of 1.15%. Ameriprise Financial’s dividend payout ratio is presently 22.73%.

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.