6,978 Shares in Ameriprise Financial, Inc. (NYSE:AMP) Purchased by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG bought a new position in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,978 shares of the financial services provider's stock, valued at approximately $3,278,000.

Other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of Ameriprise Financial by 10.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,129,632 shares of the financial services provider's stock worth $482,588,000 after acquiring an additional 110,319 shares during the period. Legal & General Group Plc grew its position in shares of Ameriprise Financial by 1.4% during the 2nd quarter. Legal & General Group Plc now owns 823,249 shares of the financial services provider's stock worth $351,685,000 after buying an additional 11,060 shares in the last quarter. AGF Management Ltd. increased its stake in shares of Ameriprise Financial by 35.4% during the second quarter. AGF Management Ltd. now owns 504,657 shares of the financial services provider's stock valued at $215,584,000 after buying an additional 131,844 shares during the period. Epoch Investment Partners Inc. raised its holdings in shares of Ameriprise Financial by 3.9% in the second quarter. Epoch Investment Partners Inc. now owns 458,565 shares of the financial services provider's stock valued at $195,894,000 after acquiring an additional 17,312 shares in the last quarter. Finally, Federated Hermes Inc. grew its holdings in Ameriprise Financial by 25.3% during the 2nd quarter. Federated Hermes Inc. now owns 427,986 shares of the financial services provider's stock worth $182,831,000 after acquiring an additional 86,315 shares in the last quarter. 83.95% of the stock is owned by hedge funds and other institutional investors.

Ameriprise Financial Stock Up 1.6 %

Shares of AMP traded up $8.81 during mid-day trading on Thursday, hitting $570.21. 411,964 shares of the company traded hands, compared to its average volume of 469,703. The company has a market capitalization of $55.32 billion, a PE ratio of 21.99, a price-to-earnings-growth ratio of 0.98 and a beta of 1.34. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.99. The business has a 50 day moving average of $504.20 and a 200 day moving average of $456.02. Ameriprise Financial, Inc. has a 1-year low of $345.43 and a 1-year high of $573.44.

Ameriprise Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were given a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date was Monday, November 4th. Ameriprise Financial's dividend payout ratio is presently 22.73%.

Insider Activity

In other news, VP William Davies sold 8,700 shares of the firm's stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $442.07, for a total transaction of $3,846,009.00. Following the sale, the vice president now owns 13,199 shares of the company's stock, valued at $5,834,881.93. This trade represents a 39.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph Edward Sweeney sold 10,735 shares of the business's stock in a transaction on 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 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 disclosure for this sale can be found here. Insiders have sold 30,415 shares of company stock valued at $15,829,445 in the last ninety days. Insiders own 0.73% of the company's stock.

Wall Street Analysts Forecast Growth

AMP has been the subject of several research reports. Morgan Stanley upped their price target 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 increased their target price on Ameriprise Financial from $490.00 to $555.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. The Goldman Sachs Group lowered Ameriprise Financial from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $485.00 to $476.00 in a research report on Thursday, September 26th. 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 report on Tuesday, October 29th. Finally, Royal Bank of Canada boosted their target price on shares of Ameriprise Financial from $535.00 to $550.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. 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. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $487.67.

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.