Ameriprise Financial, Inc. (NYSE:AMP) Holdings Trimmed by Argent Capital Management LLC

Argent Capital Management LLC reduced its position in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,442 shares of the financial services provider's stock after selling 957 shares during the period. Argent Capital Management LLC's holdings in Ameriprise Financial were worth $25,792,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in Ameriprise Financial by 9.1% in the third quarter. JPMorgan Chase & Co. now owns 4,285,476 shares of the financial services provider's stock valued at $2,013,359,000 after purchasing an additional 358,699 shares during the last quarter. Maj Invest Holding A S acquired a new position in shares of Ameriprise Financial in the 3rd quarter valued at approximately $98,742,000. Assenagon Asset Management S.A. boosted its stake in shares of Ameriprise Financial by 816.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 219,180 shares of the financial services provider's stock valued at $116,698,000 after buying an additional 195,271 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Ameriprise Financial by 144.0% during the third 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 in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of Ameriprise Financial in the third quarter worth $456,890,000. 83.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Ameriprise Financial

In other news, insider Gumer Alvero sold 2,325 shares of the stock in a transaction on 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 completion of the transaction, the insider now owns 4,669 shares of the company's stock, valued at approximately $2,409,437.45. This represents a 33.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Walter Stanley Berman sold 8,655 shares of Ameriprise Financial stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $564.16, for a total transaction of $4,882,804.80. Following the sale, the chief financial officer now owns 6,409 shares in the company, valued at approximately $3,615,701.44. This represents a 57.45 % decrease in their ownership of the stock. 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 in the last ninety days. 0.96% of the stock is owned by insiders.

Ameriprise Financial Stock Performance

AMP traded up $9.67 during trading on Thursday, reaching $546.92. 461,387 shares of the company were exchanged, compared to its average volume of 429,803. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.99. The stock has a market cap of $53.06 billion, a P/E ratio of 21.00, a PEG ratio of 0.78 and a beta of 1.36. Ameriprise Financial, Inc. has a 52 week low of $368.41 and a 52 week high of $577.00. The firm has a 50 day moving average of $548.44 and a 200 day moving average of $487.70.

Ameriprise Financial Dividend Announcement

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 dividend on an annualized basis and a dividend yield of 1.08%. Ameriprise Financial's dividend payout ratio (DPR) is presently 22.73%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. The Goldman Sachs Group downgraded shares of Ameriprise Financial from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $485.00 to $476.00 in a research note on Thursday, September 26th. Keefe, Bruyette & Woods reduced their price target on shares of Ameriprise Financial from $565.00 to $560.00 and set a "market perform" rating on the stock in a research report on Friday, January 10th. UBS Group lowered Ameriprise Financial from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $580.00 to $570.00 in a report on Monday, January 6th. Morgan Stanley upped their price objective on Ameriprise Financial from $440.00 to $502.00 and gave the company an "equal weight" rating in a research note on Thursday, October 17th. Finally, Royal Bank of Canada lifted their target price on Ameriprise Financial from $535.00 to $550.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to MarketBeat, Ameriprise Financial presently has an average rating of "Hold" and a consensus price target of $494.89.

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.