Foster & Motley Inc. Trims Stock Holdings in Ameriprise Financial, Inc. (NYSE:AMP)

Foster & Motley Inc. decreased its holdings in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,627 shares of the financial services provider's stock after selling 1,687 shares during the period. Ameriprise Financial comprises about 0.8% of Foster & Motley Inc.'s investment portfolio, making the stock its 25th biggest holding. Foster & Motley Inc.'s holdings in Ameriprise Financial were worth $12,047,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Oakworth Capital Inc. purchased a new position in Ameriprise Financial in the 3rd quarter worth about $31,000. Country Trust Bank raised its holdings in shares of Ameriprise Financial by 213.6% during the third quarter. Country Trust Bank now owns 69 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 47 shares during the last quarter. Sound Income Strategies LLC bought a new position in Ameriprise Financial during the fourth quarter valued at approximately $36,000. Peterson Financial Group Inc. bought a new stake in Ameriprise Financial in the 3rd quarter worth approximately $45,000. Finally, Albion Financial Group UT purchased a new stake in Ameriprise Financial during the 4th quarter valued at $46,000. 83.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Morgan Stanley raised their price target on Ameriprise Financial from $440.00 to $502.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 17th. Keefe, Bruyette & Woods reduced their price target on shares of Ameriprise Financial from $565.00 to $560.00 and set a "market perform" rating for the company in a research report on Friday, January 10th. Royal Bank of Canada reissued an "outperform" rating and issued a $625.00 price objective on shares of Ameriprise Financial in a report on Monday. Finally, UBS Group cut shares of Ameriprise Financial from a "buy" rating to a "neutral" rating and reduced their target price for the company from $580.00 to $570.00 in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Ameriprise Financial presently has an average rating of "Hold" and an average target price of $503.22.

Insider Buying and Selling at Ameriprise Financial

In related news, insider Joseph Edward Sweeney sold 10,735 shares of the business's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $549.68, for a total value of $5,900,814.80. Following the sale, the insider now owns 5,811 shares in the company, valued at approximately $3,194,190.48. The trade was a 64.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Walter Stanley Berman sold 8,655 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $564.16, for a total transaction of $4,882,804.80. Following the transaction, the chief financial officer now owns 6,409 shares of the company's stock, valued at $3,615,701.44. This trade represents a 57.45 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.73% of the company's stock.

Ameriprise Financial Price Performance

NYSE:AMP traded down $20.10 on Thursday, reaching $555.03. 612,405 shares of the company's stock traded hands, compared to its average volume of 483,131. The firm has a market cap of $53.84 billion, a PE ratio of 21.31, a P/E/G ratio of 0.85 and a beta of 1.36. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.99. The stock has a 50-day simple moving average of $548.61 and a 200-day simple moving average of $496.50. Ameriprise Financial, Inc. has a 12 month low of $378.05 and a 12 month high of $582.05.

Ameriprise Financial (NYSE:AMP - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $9.36 EPS for the quarter, topping analysts' consensus estimates of $9.16 by $0.20. Ameriprise Financial had a return on equity of 68.52% and a net margin of 15.99%. Equities research analysts forecast that Ameriprise Financial, Inc. will post 33.96 earnings per share for the current year.

Ameriprise Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 10th will be paid a $1.48 dividend. This represents a $5.92 annualized dividend and a yield of 1.07%. Ameriprise Financial's payout ratio is currently 22.73%.

About Ameriprise Financial

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.