Czech National Bank Increases Holdings in Ameriprise Financial, Inc. (NYSE:AMP)

Czech National Bank grew its stake in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,035 shares of the financial services provider's stock after buying an additional 1,033 shares during the period. Czech National Bank's holdings in Ameriprise Financial were worth $11,200,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. grew its position in shares of Ameriprise Financial by 9.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,285,476 shares of the financial services provider's stock valued at $2,013,359,000 after acquiring an additional 358,699 shares during the period. Geode Capital Management LLC lifted its holdings in Ameriprise Financial by 1.2% during the third quarter. Geode Capital Management LLC now owns 2,609,486 shares of the financial services provider's stock valued at $1,222,943,000 after purchasing an additional 31,158 shares in the last quarter. Dimensional Fund Advisors LP increased its stake 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 purchasing an additional 110,319 shares in the last quarter. Legal & General Group Plc raised 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 purchasing an additional 11,060 shares during the last quarter. Finally, Epoch Investment Partners Inc. lifted its stake in Ameriprise Financial by 3.9% in the 2nd quarter. Epoch Investment Partners Inc. now owns 458,565 shares of the financial services provider's stock valued at $195,894,000 after buying an additional 17,312 shares in the last quarter. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Ameriprise Financial Trading Up 1.7 %

AMP traded up $8.62 during trading hours on Tuesday, reaching $526.21. The company's stock had a trading volume of 329,782 shares, compared to its average volume of 410,872. The business's 50-day moving average is $548.79 and its 200-day moving average is $486.65. 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 cap of $51.05 billion, a PE ratio of 20.20, a P/E/G ratio of 0.96 and a beta of 1.36. Ameriprise Financial, Inc. has a fifty-two week low of $368.41 and a fifty-two week high of $577.00.

Ameriprise Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a $1.48 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $5.92 annualized dividend and a dividend yield of 1.13%. Ameriprise Financial's dividend payout ratio is presently 22.73%.

Wall Street Analysts Forecast Growth

AMP has been the subject of a number of research analyst reports. UBS Group cut Ameriprise Financial from a "buy" rating to a "neutral" rating and reduced their target price for the company from $580.00 to $570.00 in a report on Monday, January 6th. Royal Bank of Canada lifted their target price on shares of Ameriprise Financial from $535.00 to $550.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. The Goldman Sachs Group cut shares of Ameriprise Financial from a "buy" rating to a "neutral" rating and reduced their target price for the company from $485.00 to $476.00 in a research report on Thursday, September 26th. Morgan Stanley boosted 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. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Ameriprise Financial from $565.00 to $560.00 and set a "market perform" rating for the company in a report on Friday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $494.89.

Insider Transactions at Ameriprise Financial

In other news, insider Gumer Alvero sold 2,325 shares of the stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $516.05, for a total value of $1,199,816.25. Following the transaction, the insider now owns 4,669 shares in the company, valued at approximately $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 can be accessed through this link. Also, insider Joseph Edward Sweeney sold 10,735 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $549.68, for a total transaction of $5,900,814.80. Following the sale, the insider now directly owns 5,811 shares in the company, valued at approximately $3,194,190.48. The trade was a 64.88 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,715 shares of company stock valued at $11,983,436. 0.73% of the stock is currently owned by corporate insiders.

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.