BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $26.69 Million Position in Ameriprise Financial, Inc. (NYSE:AMP)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. reduced its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 43.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,811 shares of the financial services provider's stock after selling 44,232 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.06% of Ameriprise Financial worth $26,690,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of AMP. DiNuzzo Private Wealth Inc. raised its stake in Ameriprise Financial by 268.8% during the second 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 acquired a new position in Ameriprise Financial during the second quarter worth $26,000. Mascoma Wealth Management LLC raised its stake in Ameriprise Financial by 153.8% during the second 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 acquired a new position in Ameriprise Financial during the second quarter worth $29,000. Finally, Hantz Financial Services Inc. acquired a new stake in shares of Ameriprise Financial in the second quarter valued at $29,000. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ameriprise Financial

In other Ameriprise Financial news, insider Gumer Alvero sold 2,325 shares of the company's stock in a transaction that occurred 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 sale, the insider now owns 4,669 shares in the company, valued at $2,409,437.45. This represents a 33.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP William Davies sold 8,700 shares of the company's stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $442.07, for a total value of $3,846,009.00. Following the completion of the sale, the vice president now owns 13,199 shares in the company, valued at $5,834,881.93. This represents a 39.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,415 shares of company stock valued at $15,829,445 over the last three months. Company insiders own 0.73% of the company's stock.

Ameriprise Financial Trading Up 0.3 %

NYSE:AMP traded up $1.86 on Friday, reaching $572.07. The company's stock had a trading volume of 514,020 shares, compared to its average volume of 450,524. Ameriprise Financial, Inc. has a 1-year low of $345.43 and a 1-year high of $575.37. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market cap of $55.50 billion, a PE ratio of 21.96, a PEG ratio of 0.99 and a beta of 1.34. The business's 50-day moving average price is $509.57 and its two-hundred day moving average price is $457.84.

Ameriprise Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were given a dividend of $1.48 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $5.92 annualized dividend and a dividend yield of 1.03%. Ameriprise Financial's dividend payout ratio is currently 22.73%.

Wall Street Analyst Weigh In

AMP has been the topic of several research reports. Keefe, Bruyette & Woods upped their price target on shares of 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 increased their price target on shares of Ameriprise Financial from $440.00 to $502.00 and gave the company an "equal weight" rating in a research note on Thursday, October 17th. The Goldman Sachs Group downgraded Ameriprise Financial from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $485.00 to $476.00 in a report on Thursday, September 26th. Royal Bank of Canada boosted 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. Finally, UBS Group boosted 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 research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $487.67.

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.