993 Shares in Ameriprise Financial, Inc. (NYSE:AMP) Bought by Copley Financial Group Inc.

Copley Financial Group Inc. acquired 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 SEC. The fund acquired 993 shares of the financial services provider's stock, valued at approximately $467,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. DiNuzzo Private Wealth Inc. boosted its holdings in shares of Ameriprise Financial by 268.8% in the second quarter. DiNuzzo Private Wealth Inc. now owns 59 shares of the financial services provider's stock worth $25,000 after buying an additional 43 shares during the period. Accordant Advisory Group Inc purchased a new position in Ameriprise Financial during the 2nd quarter worth approximately $26,000. Mascoma Wealth Management LLC grew its position in 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 purchasing an additional 40 shares in the last quarter. Hantz Financial Services Inc. acquired a new stake in Ameriprise Financial during the 2nd quarter valued at $29,000. Finally, Oakworth Capital Inc. purchased a new stake in shares of Ameriprise Financial in the third quarter valued at $31,000. 83.95% of the stock is currently owned by institutional investors.

Ameriprise Financial Stock Up 0.4 %

NYSE AMP traded up $1.93 during trading on Friday, reaching $549.76. The company's stock had a trading volume of 401,759 shares, compared to its average volume of 470,947. 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 capitalization of $53.33 billion, a PE ratio of 21.10, a PEG ratio of 0.96 and a beta of 1.34. Ameriprise Financial, Inc. has a 1-year low of $368.41 and a 1-year high of $577.00. The business has a 50-day moving average price of $538.41 and a 200-day moving average price of $471.16.

Ameriprise Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were paid a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Monday, November 4th. Ameriprise Financial's payout ratio is presently 22.73%.

Insider Buying and Selling

In related news, insider Gumer Alvero sold 2,325 shares of the business'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 completion of the sale, the insider now directly owns 4,669 shares in the company, valued at approximately $2,409,437.45. The trade was a 33.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Walter Stanley Berman sold 8,655 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were 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 position. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,715 shares of company stock worth $11,983,436. Corporate insiders own 0.73% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on AMP. UBS Group upped their price target on Ameriprise Financial from $490.00 to $555.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. The Goldman Sachs Group downgraded 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. Keefe, Bruyette & Woods raised their price target on shares of Ameriprise Financial from $475.00 to $510.00 and gave the stock a "market perform" rating in a report on Tuesday, October 29th. Morgan Stanley upped their price objective 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. Finally, Royal Bank of Canada lifted their target price on shares of Ameriprise Financial from $535.00 to $550.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Ameriprise Financial has an average rating of "Hold" and an average price target of $487.67.

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.