Arjuna Capital Has $6.34 Million Stock Holdings in Ameriprise Financial, Inc. (NYSE:AMP)

Arjuna Capital grew its position in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 34.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 13,490 shares of the financial services provider's stock after purchasing an additional 3,434 shares during the quarter. Ameriprise Financial accounts for 1.6% of Arjuna Capital's portfolio, making the stock its 14th largest position. Arjuna Capital's holdings in Ameriprise Financial were worth $6,338,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. DiNuzzo Private Wealth Inc. boosted its stake in shares of Ameriprise Financial by 268.8% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 59 shares of the financial services provider's stock worth $25,000 after acquiring an additional 43 shares in the last quarter. Accordant Advisory Group Inc bought a new stake in shares of Ameriprise Financial during the 2nd quarter worth $26,000. Mascoma Wealth Management LLC boosted its stake in shares of Ameriprise Financial by 153.8% during the 2nd quarter. Mascoma Wealth Management LLC now owns 66 shares of the financial services provider's stock worth $28,000 after acquiring an additional 40 shares in the last quarter. Bank & Trust Co bought a new stake in shares of Ameriprise Financial during the 2nd quarter worth $29,000. Finally, Oakworth Capital Inc. bought a new stake in shares of Ameriprise Financial during the 3rd quarter worth $31,000. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Ameriprise Financial

In other Ameriprise Financial news, CFO Walter Stanley Berman sold 8,655 shares of the firm's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $564.16, for a total transaction of $4,882,804.80. Following the transaction, the chief financial officer now directly owns 6,409 shares in the company, valued at $3,615,701.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Walter Stanley Berman sold 8,655 shares of Ameriprise Financial 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 directly owns 6,409 shares in the company, valued at approximately $3,615,701.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Gumer Alvero sold 2,325 shares of Ameriprise Financial 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 completion of the transaction, the insider now owns 4,669 shares in the company, valued at $2,409,437.45. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,415 shares of company stock worth $15,829,445 over the last three months. Corporate insiders own 0.73% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on AMP shares. Royal Bank of Canada raised 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. Keefe, Bruyette & Woods raised their target price 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 raised their target price on Ameriprise Financial from $440.00 to $502.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 17th. The Goldman Sachs Group cut Ameriprise Financial from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $485.00 to $476.00 in a research report on Thursday, September 26th. Finally, UBS Group raised their target price on Ameriprise Financial from $490.00 to $555.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $487.67.

Ameriprise Financial Stock Down 0.3 %

AMP traded down $1.42 during trading on Wednesday, reaching $559.89. 467,756 shares of the stock traded hands, compared to its average volume of 469,547. Ameriprise Financial, Inc. has a fifty-two week low of $338.00 and a fifty-two week high of $569.47. The stock's 50-day simple moving average is $489.13 and its two-hundred day simple moving average is $450.11. 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 $54.31 billion, a price-to-earnings ratio of 21.62, a price-to-earnings-growth ratio of 0.97 and a beta of 1.34.

Ameriprise Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be issued a dividend of $1.48 per share. The ex-dividend date is Monday, November 4th. This represents a $5.92 annualized dividend and a yield of 1.06%. Ameriprise Financial's dividend payout ratio (DPR) is currently 22.73%.

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.