Ameriprise Financial, Inc. (NYSE:AMP) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lowered its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 57.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,155 shares of the financial services provider's stock after selling 26,274 shares during the period. Leeward Investments LLC MA's holdings in Ameriprise Financial were worth $8,638,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Graypoint LLC raised its position in Ameriprise Financial by 1.9% during the third quarter. Graypoint LLC now owns 2,835 shares of the financial services provider's stock worth $1,332,000 after acquiring an additional 54 shares during the last quarter. Radnor Capital Management LLC increased its stake in shares of Ameriprise Financial by 2.9% during the 3rd quarter. Radnor Capital Management LLC now owns 7,042 shares of the financial services provider's stock worth $3,308,000 after purchasing an additional 200 shares in the last quarter. Catalina Capital Group LLC raised its position in shares of Ameriprise Financial by 9.5% during the 3rd quarter. Catalina Capital Group LLC now owns 772 shares of the financial services provider's stock worth $363,000 after purchasing an additional 67 shares during the last quarter. NorthRock Partners LLC raised its holdings in Ameriprise Financial by 0.7% in the 3rd quarter. NorthRock Partners LLC now owns 20,115 shares of the financial services provider's stock valued at $9,450,000 after acquiring an additional 147 shares during the last quarter. Finally, Arthur M. Cohen & Associates LLC boosted its holdings in shares of Ameriprise Financial by 14.5% during the third quarter. Arthur M. Cohen & Associates LLC now owns 1,105 shares of the financial services provider's stock worth $523,000 after purchasing an additional 140 shares during the last quarter. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, VP William Davies sold 8,700 shares of the firm's 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 completion of the sale, the vice president now directly owns 13,199 shares of the company's stock, valued at approximately $5,834,881.93. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Ameriprise Financial news, insider Gumer Alvero sold 2,325 shares of Ameriprise Financial stock in a transaction that occurred 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 sale, the insider now directly owns 4,669 shares in the company, valued at $2,409,437.45. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP William Davies sold 8,700 shares of the stock in a transaction that occurred 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 transaction, the vice president now owns 13,199 shares of the company's stock, valued at approximately $5,834,881.93. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.96% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AMP shares. UBS Group increased their price objective 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 increased their price target on shares of Ameriprise Financial from $440.00 to $502.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 17th. The Goldman Sachs Group lowered shares of Ameriprise Financial from a "buy" rating to a "neutral" rating and decreased their price target for the company from $485.00 to $476.00 in a report on Thursday, September 26th. Royal Bank of Canada increased their target price on Ameriprise Financial from $535.00 to $550.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Finally, Keefe, Bruyette & Woods lifted their target price on Ameriprise Financial from $475.00 to $510.00 and gave the company a "market perform" rating in a report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $487.67.

Ameriprise Financial Stock Up 1.0 %

Shares of AMP traded up $5.38 during midday trading on Friday, reaching $552.99. 172,859 shares of the company were exchanged, compared to its average volume of 468,829. Ameriprise Financial, Inc. has a 1-year low of $330.51 and a 1-year high of $569.47. The stock has a 50-day moving average price of $480.29 and a 200-day moving average price of $445.82. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 0.99. The company has a market cap of $53.65 billion, a price-to-earnings ratio of 21.03, a P/E/G ratio of 0.88 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. Shareholders of record on Monday, November 4th will be given a $1.48 dividend. This represents a $5.92 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Monday, November 4th. Ameriprise Financial's dividend payout ratio (DPR) is 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.