Assenagon Asset Management S.A. Raises Stock Holdings in Ameriprise Financial, Inc. (NYSE:AMP)

Assenagon Asset Management S.A. grew its position in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 816.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 219,180 shares of the financial services provider's stock after acquiring an additional 195,271 shares during the quarter. Assenagon Asset Management S.A. owned about 0.23% of Ameriprise Financial worth $116,698,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AMP. Oakworth Capital Inc. purchased a new stake in Ameriprise Financial in the 3rd quarter worth about $31,000. Country Trust Bank raised its holdings in shares of Ameriprise Financial by 213.6% in the third quarter. Country Trust Bank now owns 69 shares of the financial services provider's stock worth $32,000 after buying an additional 47 shares during the period. Peterson Financial Group Inc. bought a new stake in shares of Ameriprise Financial during the 3rd quarter worth approximately $45,000. Friedenthal Financial purchased a new position in Ameriprise Financial during the 4th quarter valued at $58,000. Finally, Trifecta Capital Advisors LLC grew its position in Ameriprise Financial by 31.4% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 138 shares of the financial services provider's stock valued at $65,000 after acquiring an additional 33 shares during the last quarter. Institutional investors own 83.95% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. The Goldman Sachs Group downgraded 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. UBS Group cut shares of 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 research report on Monday, January 6th. Keefe, Bruyette & Woods reduced their target price 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. Morgan Stanley boosted their price target on Ameriprise Financial from $440.00 to $502.00 and gave the company an "equal weight" rating in a report on Thursday, October 17th. Finally, Royal Bank of Canada raised their price objective on Ameriprise Financial from $535.00 to $550.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $494.89.

Ameriprise Financial Stock Up 2.2 %

NYSE AMP traded up $11.53 during midday trading on Wednesday, hitting $538.20. 189,059 shares of the company traded hands, compared to its average volume of 383,961. The company has a market cap of $52.21 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 0.96 and a beta of 1.36. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.65 and a quick ratio of 0.65. Ameriprise Financial, Inc. has a 52 week low of $368.41 and a 52 week high of $577.00. The company's 50-day simple moving average is $549.04 and its 200-day simple moving average is $487.35.

Ameriprise Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a $1.48 dividend. The ex-dividend date was Monday, November 4th. This represents a $5.92 annualized dividend and a yield of 1.10%. Ameriprise Financial's dividend payout ratio (DPR) is presently 22.73%.

Insiders Place Their Bets

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 transaction of $1,199,816.25. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Walter Stanley Berman sold 8,655 shares of the business's stock in a transaction on 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. This trade represents a 57.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,715 shares of company stock worth $11,983,436. 0.73% of the stock is owned by corporate insiders.

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.