Ameriprise Financial, Inc. (NYSE:AMP) Shares Purchased by MML Investors Services LLC

MML Investors Services LLC raised its stake in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 2.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,016 shares of the financial services provider's stock after purchasing an additional 1,986 shares during the period. MML Investors Services LLC owned about 0.09% of Ameriprise Financial worth $41,821,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Sequoia Financial Advisors LLC grew its stake in Ameriprise Financial by 9.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,551 shares of the financial services provider's stock worth $1,517,000 after buying an additional 305 shares during the last quarter. Foguth Wealth Management LLC. acquired a new stake in shares of Ameriprise Financial in the 2nd quarter valued at approximately $282,000. Diversified Trust Co lifted its holdings in shares of Ameriprise Financial by 4.2% in the 2nd quarter. Diversified Trust Co now owns 7,545 shares of the financial services provider's stock valued at $3,223,000 after buying an additional 303 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Ameriprise Financial by 23.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 29,529 shares of the financial services provider's stock valued at $12,615,000 after buying an additional 5,692 shares during the period. Finally, ORG Partners LLC acquired a new stake in shares of Ameriprise Financial in the 2nd quarter valued at approximately $205,000. Institutional investors and hedge funds own 83.95% of the company's stock.

Insiders Place Their Bets

In related news, CFO Walter Stanley Berman sold 8,655 shares of the business's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $564.16, for a total value of $4,882,804.80. Following the transaction, the chief financial officer now owns 6,409 shares in the company, valued at approximately $3,615,701.44. The trade was a 57.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 stock was sold at an average price of $549.68, for a total value 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. This trade represents a 64.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,715 shares of company stock worth $11,983,436 over the last quarter. 0.96% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on AMP shares. Morgan Stanley lifted their price objective on Ameriprise Financial from $440.00 to $502.00 and gave the stock an "equal weight" rating in a report on Thursday, October 17th. Royal Bank of Canada raised their price target on Ameriprise Financial from $535.00 to $550.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. The Goldman Sachs Group downgraded 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. UBS Group raised their price target on Ameriprise Financial from $490.00 to $555.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods lifted 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $487.67.

Ameriprise Financial Stock Down 1.4 %

Shares of AMP traded down $7.72 during midday trading on Monday, reaching $553.83. 597,231 shares of the company were exchanged, compared to its average volume of 470,981. The stock has a 50-day moving average price of $532.92 and a 200-day moving average price of $468.55. The company has a market cap of $53.73 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 0.98 and a beta of 1.34. Ameriprise Financial, Inc. has a 1-year low of $358.89 and a 1-year high of $577.00. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.99.

Ameriprise Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date was Monday, November 4th. Ameriprise Financial's dividend payout ratio is presently 22.73%.

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.