Fiera Capital Corp Acquires 1,080 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Fiera Capital Corp lifted its position in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 11.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,885 shares of the financial services provider's stock after purchasing an additional 1,080 shares during the period. Fiera Capital Corp's holdings in Ameriprise Financial were worth $5,114,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in Ameriprise Financial by 18.6% in the 1st quarter. JPMorgan Chase & Co. now owns 3,844,165 shares of the financial services provider's stock valued at $1,685,436,000 after purchasing an additional 603,267 shares during the period. Swedbank AB bought a new stake in Ameriprise Financial in the 1st quarter valued at about $108,938,000. Maj Invest Holding A S bought a new stake in Ameriprise Financial in the 3rd quarter valued at about $98,742,000. AGF Management Ltd. boosted its holdings in Ameriprise Financial by 35.4% in the 2nd quarter. AGF Management Ltd. now owns 504,657 shares of the financial services provider's stock valued at $215,584,000 after purchasing an additional 131,844 shares during the period. Finally, TD Asset Management Inc boosted its holdings in Ameriprise Financial by 18.8% in the 1st quarter. TD Asset Management Inc now owns 707,617 shares of the financial services provider's stock valued at $310,248,000 after purchasing an additional 111,973 shares during the period. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP William Davies sold 8,700 shares of the company's stock in a transaction 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 sale, the vice president now directly owns 13,199 shares of the company's stock, valued at approximately $5,834,881.93. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, VP William Davies sold 8,700 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $442.07, for a total transaction of $3,846,009.00. Following the transaction, the vice president now directly owns 13,199 shares of the company's stock, valued at $5,834,881.93. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gumer Alvero sold 2,325 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $516.05, for a total transaction of $1,199,816.25. Following the transaction, the insider now directly owns 4,669 shares in the company, valued at approximately $2,409,437.45. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.73% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of Ameriprise Financial from $535.00 to $550.00 and gave the company an "outperform" rating in a report on Friday, October 25th. UBS Group upped their price target on shares of Ameriprise Financial from $490.00 to $555.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Morgan Stanley upped their price objective on shares of Ameriprise Financial from $440.00 to $502.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 17th. The Goldman Sachs Group cut shares of Ameriprise Financial from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $485.00 to $476.00 in a research report on Thursday, September 26th. Finally, 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 research report on Tuesday, October 29th. One 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. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $487.67.

Ameriprise Financial Trading Up 0.8 %

NYSE AMP traded up $4.38 on Friday, hitting $551.99. The company's stock had a trading volume of 384,119 shares, compared to its average volume of 423,227. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 0.99. Ameriprise Financial, Inc. has a 1-year low of $330.51 and a 1-year high of $569.47. The company's 50-day moving average is $484.45 and its 200 day moving average is $447.71. The firm has a market cap of $53.55 billion, a PE ratio of 21.19, a PEG ratio of 0.98 and a beta of 1.34.

Ameriprise Financial Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Monday, November 4th. Ameriprise Financial's dividend payout ratio is currently 22.73%.

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.