GSA Capital Partners LLP Makes New Investment in Ameriprise Financial, Inc. (NYSE:AMP)

GSA Capital Partners LLP acquired a new position in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,070 shares of the financial services provider's stock, valued at approximately $503,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bessemer Group Inc. lifted its stake in shares of Ameriprise Financial by 2.1% in the 1st quarter. Bessemer Group Inc. now owns 9,748 shares of the financial services provider's stock worth $4,274,000 after acquiring an additional 199 shares during the period. National Bank of Canada FI lifted its stake in shares of Ameriprise Financial by 2.8% in the first quarter. National Bank of Canada FI now owns 44,630 shares of the financial services provider's stock valued at $19,337,000 after purchasing an additional 1,221 shares during the period. Pitcairn Co. lifted its stake in shares of Ameriprise Financial by 2.2% in the first quarter. Pitcairn Co. now owns 3,022 shares of the financial services provider's stock valued at $1,325,000 after purchasing an additional 65 shares during the period. Natixis lifted its stake in shares of Ameriprise Financial by 164.2% in the first quarter. Natixis now owns 19,267 shares of the financial services provider's stock valued at $8,447,000 after purchasing an additional 11,975 shares during the period. Finally, Shell Asset Management Co. lifted its stake in shares of Ameriprise Financial by 86.3% in the first quarter. Shell Asset Management Co. now owns 3,768 shares of the financial services provider's stock valued at $1,652,000 after purchasing an additional 1,745 shares during the period. 83.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on AMP shares. Royal Bank of Canada raised their price objective on shares of Ameriprise Financial from $535.00 to $550.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Morgan Stanley lifted their target price 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. UBS Group lifted their target price on shares of Ameriprise Financial from $490.00 to $555.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. The Goldman Sachs Group cut shares of 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. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Ameriprise Financial from $475.00 to $510.00 and gave the stock a "market perform" rating in a research report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $487.67.

Ameriprise Financial Trading Down 0.2 %

Ameriprise Financial stock traded down $1.16 during trading on Wednesday, reaching $561.40. The company had a trading volume of 304,706 shares, compared to its average volume of 469,960. Ameriprise Financial, Inc. has a 12-month low of $345.43 and a 12-month high of $569.47. The stock's 50 day moving average price is $501.69 and its two-hundred day moving average price is $455.28. The firm has a market capitalization of $54.46 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 0.98 and a beta of 1.34. 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 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. This represents a $5.92 annualized dividend and a dividend yield of 1.05%. The ex-dividend date was Monday, November 4th. Ameriprise Financial's payout ratio is currently 22.73%.

Insider Activity at Ameriprise Financial

In other news, VP William Davies sold 8,700 shares of the firm's stock in a transaction dated 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 transaction, the vice president now directly owns 13,199 shares in the company, valued at approximately $5,834,881.93. This trade represents a 39.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph Edward Sweeney sold 10,735 shares of the firm's stock in a transaction dated Friday, November 8th. The stock was 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. The trade was a 64.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 30,415 shares of company stock valued at $15,829,445. Corporate insiders own 0.96% of the company's stock.

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.