Barclays PLC Cuts Stake in Ameriprise Financial, Inc. (NYSE:AMP)

Barclays PLC cut its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 14.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 282,861 shares of the financial services provider's stock after selling 47,734 shares during the quarter. Barclays PLC owned 0.29% of Ameriprise Financial worth $132,888,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMP. Maj Invest Holding A S acquired a new stake in Ameriprise Financial during the 3rd quarter worth approximately $98,742,000. The Manufacturers Life Insurance Company boosted its position in Ameriprise Financial by 144.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 243,385 shares of the financial services provider's stock worth $114,345,000 after buying an additional 143,648 shares during the period. AGF Management Ltd. boosted its position in Ameriprise Financial by 35.4% during the 2nd quarter. AGF Management Ltd. now owns 504,657 shares of the financial services provider's stock worth $215,584,000 after buying an additional 131,844 shares during the period. Dimensional Fund Advisors LP boosted its position in Ameriprise Financial by 10.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,129,632 shares of the financial services provider's stock worth $482,588,000 after buying an additional 110,319 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in Ameriprise Financial during the 3rd quarter worth approximately $456,890,000. 83.95% of the stock is owned by institutional investors.

Insider Buying and Selling at Ameriprise Financial

In other news, insider Gumer Alvero sold 2,325 shares of the company's stock in a transaction on 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 completion of the sale, the insider now owns 4,669 shares in the company, valued at $2,409,437.45. This represents a 33.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Walter Stanley Berman sold 8,655 shares of the company's stock in a transaction 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 completion of the sale, the chief financial officer now owns 6,409 shares of the company's stock, valued at approximately $3,615,701.44. The trade was a 57.45 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,715 shares of company stock worth $11,983,436. 0.73% of the stock is owned by corporate insiders.

Ameriprise Financial Stock Up 0.8 %

Shares of Ameriprise Financial stock traded up $4.46 during trading on Wednesday, reaching $550.80. 428,631 shares of the company traded hands, compared to its average volume of 471,081. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.65 and a quick ratio of 0.65. Ameriprise Financial, Inc. has a 1-year low of $365.44 and a 1-year high of $577.00. The company has a 50 day moving average price of $534.38 and a 200-day moving average price of $469.29. The firm has a market capitalization of $53.44 billion, a PE ratio of 21.16, a P/E/G ratio of 0.98 and a beta of 1.34.

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 given a dividend of $1.48 per share. The ex-dividend date was Monday, November 4th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.07%. Ameriprise Financial's payout ratio is presently 22.73%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AMP shares. 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. The Goldman Sachs Group downgraded shares of 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 report on Thursday, September 26th. Keefe, Bruyette & Woods boosted their price target 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. Royal Bank of Canada boosted their price target 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. Finally, UBS Group boosted their price target 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price 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.