2,025 Shares in Ameriprise Financial, Inc. (NYSE:AMP) Purchased by Blueshift Asset Management LLC

Blueshift Asset Management LLC bought a new position in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,025 shares of the financial services provider's stock, valued at approximately $951,000.

Several other large investors have also made changes to their positions in AMP. DiNuzzo Private Wealth Inc. grew its holdings in 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 during the last quarter. Accordant Advisory Group Inc bought a new position in shares of Ameriprise Financial in the 2nd quarter valued at about $26,000. Mascoma Wealth Management LLC raised its position in shares of Ameriprise Financial by 153.8% in the 2nd quarter. Mascoma Wealth Management LLC now owns 66 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 40 shares during the period. Bank & Trust Co bought a new position in Ameriprise Financial in the second quarter valued at approximately $29,000. Finally, Hantz Financial Services Inc. acquired a new position in shares of Ameriprise Financial during the second quarter worth about $29,000. Institutional investors own 83.95% of the company's stock.

Insider Buying and Selling at Ameriprise Financial

In other news, CFO Walter Stanley Berman sold 8,655 shares of the firm'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 completion of the transaction, the chief financial officer now directly owns 6,409 shares of the company's stock, valued at $3,615,701.44. This trade represents a 57.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gumer Alvero sold 2,325 shares of the firm's 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 directly owns 4,669 shares of the company's stock, valued at $2,409,437.45. The trade was a 33.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,415 shares of company stock valued at $15,829,445. Company insiders own 0.96% of the company's stock.

Ameriprise Financial Stock Performance

NYSE AMP traded down $2.10 on Wednesday, hitting $571.91. 242,538 shares of the stock traded hands, compared to its average volume of 471,442. The business's fifty day moving average is $514.51 and its two-hundred day moving average is $460.28. Ameriprise Financial, Inc. has a 12 month low of $345.43 and a 12 month high of $577.00. The firm has a market capitalization of $55.48 billion, a price-to-earnings ratio of 22.04, a PEG ratio of 0.99 and a beta of 1.34. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.65 and a current ratio of 0.65.

Ameriprise Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were issued a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Monday, November 4th. Ameriprise Financial's dividend payout ratio (DPR) is 22.73%.

Analyst Ratings Changes

Several equities analysts recently weighed in on AMP shares. UBS Group raised their target price on shares of Ameriprise Financial from $490.00 to $555.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. The Goldman Sachs Group cut shares of Ameriprise Financial from a "buy" rating to a "neutral" rating and dropped their target price for the company from $485.00 to $476.00 in a report on Thursday, September 26th. Royal Bank of Canada lifted their price target on Ameriprise Financial from $535.00 to $550.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Keefe, Bruyette & Woods upped their price objective on Ameriprise Financial from $475.00 to $510.00 and gave the company a "market perform" rating in a research note on Tuesday, October 29th. Finally, Morgan Stanley lifted their target price on Ameriprise Financial from $440.00 to $502.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Ameriprise Financial currently has a consensus rating of "Hold" and a consensus target price of $487.67.

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.