Crossmark Global Holdings Inc. Decreases Holdings in Ameriprise Financial, Inc. (NYSE:AMP)

Crossmark Global Holdings Inc. lessened its stake in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 68.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,232 shares of the financial services provider's stock after selling 11,266 shares during the period. Crossmark Global Holdings Inc.'s holdings in Ameriprise Financial were worth $2,458,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. grew its stake in shares of Ameriprise Financial by 268.8% in the 2nd 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 last quarter. Accordant Advisory Group Inc purchased a new position in shares of Ameriprise Financial in the second quarter worth approximately $26,000. Mascoma Wealth Management LLC grew its position 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 valued at $28,000 after buying an additional 40 shares during the period. Bank & Trust Co purchased a new position in Ameriprise Financial during the second quarter valued at $29,000. Finally, Oakworth Capital Inc. bought a new stake in Ameriprise Financial during the third quarter valued at about $31,000. Institutional investors own 83.95% of the company's stock.

Analyst Upgrades and Downgrades

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

Ameriprise Financial Stock Down 0.3 %

Shares of Ameriprise Financial stock traded down $1.42 during midday trading on Wednesday, reaching $559.89. 467,756 shares of the company's stock traded hands, compared to its average volume of 469,547. Ameriprise Financial, Inc. has a 52 week low of $338.00 and a 52 week high of $569.47. The company 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. 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 company's 50 day simple moving average is $489.13 and its 200 day simple moving average is $450.11.

Ameriprise Financial Dividend Announcement

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

Insiders Place Their Bets

In related news, CFO Walter Stanley Berman sold 8,655 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer now owns 6,409 shares of the company's stock, valued at $3,615,701.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Ameriprise Financial news, CFO Walter Stanley Berman sold 8,655 shares of the firm's stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 6,409 shares in the company, valued at approximately $3,615,701.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joseph Edward Sweeney sold 10,735 shares of the company's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $549.68, for a total transaction of $5,900,814.80. Following the completion of the sale, the insider now directly owns 5,811 shares of the company's stock, valued at $3,194,190.48. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,415 shares of company stock worth $15,829,445. Corporate insiders own 0.73% of the company's stock.

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.