Empowered Funds LLC Has $3.77 Million Position in Ameriprise Financial, Inc. (NYSE:AMP)

Empowered Funds LLC boosted its holdings in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 19.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,021 shares of the financial services provider's stock after acquiring an additional 1,329 shares during the period. Empowered Funds LLC's holdings in Ameriprise Financial were worth $3,768,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. UniSuper Management Pty Ltd grew its stake in Ameriprise Financial by 259.4% during the 1st quarter. UniSuper Management Pty Ltd now owns 3,540 shares of the financial services provider's stock worth $1,552,000 after buying an additional 2,555 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of Ameriprise Financial by 2.1% in the 1st quarter. Bessemer Group Inc. now owns 9,748 shares of the financial services provider's stock worth $4,274,000 after acquiring an additional 199 shares during the period. Lake Street Advisors Group LLC lifted its position in Ameriprise Financial by 61.5% in the 1st quarter. Lake Street Advisors Group LLC now owns 2,506 shares of the financial services provider's stock valued at $1,099,000 after purchasing an additional 954 shares during the last quarter. National Bank of Canada FI boosted its stake in Ameriprise Financial by 2.8% during the 1st quarter. National Bank of Canada FI now owns 44,630 shares of the financial services provider's stock valued at $19,337,000 after purchasing an additional 1,221 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Ameriprise Financial in the 1st quarter worth about $23,895,000. 83.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on AMP. Royal Bank of Canada boosted their price objective on Ameriprise Financial from $535.00 to $550.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. The Goldman Sachs Group lowered Ameriprise Financial from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $485.00 to $476.00 in a research report on Thursday, September 26th. UBS Group raised their price target on Ameriprise Financial from $490.00 to $555.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods upped their price objective 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. Finally, Morgan Stanley raised 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 note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $487.67.

Insider Activity

In other news, insider Joseph Edward Sweeney sold 10,735 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $549.68, for a total value of $5,900,814.80. Following the completion of the transaction, the insider now directly owns 5,811 shares of the company's stock, valued at approximately $3,194,190.48. This represents a 64.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP William Davies sold 8,700 shares of the firm's stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $442.07, for a total value of $3,846,009.00. Following the transaction, the vice president now owns 13,199 shares of the company's stock, valued at $5,834,881.93. This trade represents a 39.73 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,415 shares of company stock worth $15,829,445. Company insiders own 0.96% of the company's stock.

Ameriprise Financial Stock Performance

Shares of AMP traded down $2.71 during mid-day trading on Tuesday, hitting $562.33. The company's stock had a trading volume of 338,454 shares, compared to its average volume of 470,667. The firm has a market capitalization of $54.55 billion, a PE ratio of 21.59, a price-to-earnings-growth ratio of 0.98 and a beta of 1.34. Ameriprise Financial, Inc. has a one year low of $343.98 and a one year high of $569.47. The stock's 50-day moving average is $501.69 and its two-hundred day moving average is $455.28. 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. Stockholders of record on Monday, November 4th were issued a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Monday, November 4th. Ameriprise Financial's payout ratio is presently 22.73%.

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.