Ameriprise Financial, Inc. (NYSE:AMP) Shares Purchased by Ossiam

Ossiam raised its stake in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 775.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,948 shares of the financial services provider's stock after acquiring an additional 25,640 shares during the quarter. Ossiam's holdings in Ameriprise Financial were worth $15,413,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AMP. Jones Financial Companies Lllp raised its stake in shares of Ameriprise Financial by 24.3% during the 4th quarter. Jones Financial Companies Lllp now owns 1,674 shares of the financial services provider's stock worth $891,000 after buying an additional 327 shares during the period. Czech National Bank lifted its holdings in Ameriprise Financial by 5.2% during the fourth quarter. Czech National Bank now owns 21,035 shares of the financial services provider's stock valued at $11,200,000 after purchasing an additional 1,033 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Ameriprise Financial in the fourth quarter valued at about $43,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Ameriprise Financial during the fourth quarter worth about $399,000. Finally, Highland Capital Management LLC acquired a new position in shares of Ameriprise Financial during the 4th quarter worth about $1,286,000. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Raymond James raised Ameriprise Financial from a "market perform" rating to a "strong-buy" rating and set a $518.00 target price for the company in a report on Monday, April 7th. Keefe, Bruyette & Woods reduced their price objective on Ameriprise Financial from $570.00 to $520.00 and set a "market perform" rating for the company in a research note on Wednesday, April 9th. UBS Group cut shares of Ameriprise Financial from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $580.00 to $570.00 in a research note on Monday, January 6th. Royal Bank of Canada reiterated an "outperform" rating and issued a $625.00 target price on shares of Ameriprise Financial in a research report on Monday, February 3rd. Finally, Morgan Stanley increased their price objective on shares of Ameriprise Financial from $507.00 to $542.00 and gave the company an "equal weight" rating in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Ameriprise Financial presently has a consensus rating of "Hold" and a consensus price target of $517.44.

Insider Activity

In other Ameriprise Financial news, CEO William F. Truscott sold 6,000 shares of the company's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $540.29, for a total transaction of $3,241,740.00. Following the transaction, the chief executive officer now directly owns 14,023 shares in the company, valued at $7,576,486.67. This represents a 29.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Francis Sharpe, Jr. sold 1,000 shares of Ameriprise Financial stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $523.12, for a total value of $523,120.00. Following the completion of the sale, the director now directly owns 10,000 shares of the company's stock, valued at $5,231,200. The trade was a 9.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,636 shares of company stock valued at $6,263,989. Company insiders own 0.73% of the company's stock.

Ameriprise Financial Trading Up 0.8 %

Shares of NYSE AMP traded up $3.95 during midday trading on Thursday, reaching $475.80. 470,380 shares of the stock were exchanged, compared to its average volume of 491,125. The stock has a market capitalization of $45.59 billion, a P/E ratio of 14.40, a PEG ratio of 1.15 and a beta of 1.23. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.59 and a current ratio of 0.59. The company has a 50 day simple moving average of $489.94 and a 200 day simple moving average of $522.27. Ameriprise Financial, Inc. has a twelve month low of $385.74 and a twelve month high of $582.05.

Ameriprise Financial (NYSE:AMP - Get Free Report) last posted its earnings results on Thursday, April 24th. The financial services provider reported $9.50 EPS for the quarter, beating analysts' consensus estimates of $9.17 by $0.33. The company had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.45 billion. Ameriprise Financial had a return on equity of 69.35% and a net margin of 19.70%. As a group, equities analysts expect that Ameriprise Financial, Inc. will post 38.64 earnings per share for the current year.

Ameriprise Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 10th were given a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Monday, February 10th. Ameriprise Financial's dividend payout ratio is presently 17.91%.

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.