Worldquant Millennium Advisors LLC Has $58.91 Million Stock Holdings in Ameriprise Financial, Inc. (NYSE:AMP)

Worldquant Millennium Advisors LLC increased its position in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 76.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 125,388 shares of the financial services provider's stock after buying an additional 54,413 shares during the quarter. Worldquant Millennium Advisors LLC owned 0.13% of Ameriprise Financial worth $58,909,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMP. Dimensional Fund Advisors LP lifted its stake in 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 purchasing an additional 110,319 shares during the period. Legal & General Group Plc grew its position in Ameriprise Financial by 1.4% in the second quarter. Legal & General Group Plc now owns 823,249 shares of the financial services provider's stock valued at $351,685,000 after acquiring an additional 11,060 shares during the period. AGF Management Ltd. raised its stake in Ameriprise Financial by 35.4% during the second quarter. AGF Management Ltd. now owns 504,657 shares of the financial services provider's stock worth $215,584,000 after acquiring an additional 131,844 shares in the last quarter. Epoch Investment Partners Inc. lifted its holdings in shares of Ameriprise Financial by 3.9% during 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 during the period. Finally, Federated Hermes Inc. lifted 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 valued at $182,831,000 after purchasing an additional 86,315 shares during the last quarter. 83.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Walter Stanley Berman sold 8,655 shares of the company's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $564.16, for a total value 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 approximately $3,615,701.44. This represents a 57.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph Edward Sweeney sold 10,735 shares of the business's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $549.68, for a total value of $5,900,814.80. Following the completion of the sale, the insider now owns 5,811 shares in the company, valued at approximately $3,194,190.48. This trade represents a 64.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,715 shares of company stock valued at $11,983,436 in the last 90 days. 0.73% of the stock is owned by insiders.

Ameriprise Financial Trading Down 0.6 %

Shares of Ameriprise Financial stock traded down $3.66 on Friday, hitting $561.55. 331,754 shares of the company's stock traded hands, compared to its average volume of 457,116. Ameriprise Financial, Inc. has a one year low of $350.37 and a one year high of $577.00. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $54.48 billion, a PE ratio of 21.55, a price-to-earnings-growth ratio of 0.98 and a beta of 1.34. The firm's 50-day moving average price is $529.39 and its two-hundred day moving average price is $466.38.

Ameriprise Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders 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 dividend yield of 1.05%. Ameriprise Financial's dividend payout ratio (DPR) is presently 22.73%.

Analyst Ratings Changes

Several brokerages have weighed in on AMP. The Goldman Sachs Group cut shares of Ameriprise Financial from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $485.00 to $476.00 in a research note on Thursday, September 26th. Keefe, Bruyette & Woods increased their price target on Ameriprise Financial from $475.00 to $510.00 and gave the stock a "market perform" rating in a research report on Tuesday, October 29th. Morgan Stanley lifted their price objective on Ameriprise Financial from $440.00 to $502.00 and gave the company an "equal weight" rating in a research report on Thursday, October 17th. Royal Bank of Canada increased their target price on Ameriprise Financial from $535.00 to $550.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Finally, UBS Group lifted their price target on Ameriprise Financial from $490.00 to $555.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $487.67.

About Ameriprise Financial

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.