Los Angeles Capital Management LLC Boosts Holdings in Ameriprise Financial, Inc. (NYSE:AMP)

Los Angeles Capital Management LLC increased its position in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 4,961.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,239 shares of the financial services provider's stock after purchasing an additional 31,602 shares during the period. Los Angeles Capital Management LLC's holdings in Ameriprise Financial were worth $15,146,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AMP. Norden Group LLC purchased a new position in Ameriprise Financial in the 1st quarter worth approximately $274,000. Empowered Funds LLC boosted its holdings in shares of Ameriprise Financial by 13.7% in the first quarter. Empowered Funds LLC now owns 3,621 shares of the financial services provider's stock worth $1,588,000 after buying an additional 436 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in Ameriprise Financial during the first quarter valued at approximately $570,000. Atomi Financial Group Inc. purchased a new stake in Ameriprise Financial during the first quarter valued at approximately $207,000. Finally, Concurrent Investment Advisors LLC bought a new position in Ameriprise Financial in the first quarter worth approximately $217,000. 83.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ameriprise Financial

In other Ameriprise Financial news, insider Gumer Alvero sold 2,325 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $516.05, for a total transaction of $1,199,816.25. Following the completion of the transaction, the insider now owns 4,669 shares of the company's stock, valued at $2,409,437.45. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP William Davies sold 8,700 shares of the business'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 owns 13,199 shares in the company, valued at approximately $5,834,881.93. The trade was a 0.00 % 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, insider Gumer Alvero sold 2,325 shares of the company's stock in a transaction on Thursday, October 31st. The shares were 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 approximately $2,409,437.45. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by insiders.

Ameriprise Financial Price Performance

AMP traded up $12.01 during trading on Monday, reaching $564.00. 325,871 shares of the company traded hands, compared to its average volume of 433,890. The company has a market cap of $54.71 billion, a P/E ratio of 21.65, a PEG ratio of 0.96 and a beta of 1.34. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.59 and a current ratio of 0.65. Ameriprise Financial, Inc. has a 12-month low of $333.96 and a 12-month high of $569.47. The firm has a fifty day simple moving average of $484.45 and a 200 day simple moving average of $447.96.

Ameriprise Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be paid a dividend of $1.48 per share. The ex-dividend date is Monday, November 4th. This represents a $5.92 annualized dividend and a yield of 1.05%. Ameriprise Financial's payout ratio is 22.73%.

Analyst Upgrades and Downgrades

AMP has been the subject of a number of recent research reports. Keefe, Bruyette & Woods boosted their price objective on shares of Ameriprise Financial from $475.00 to $510.00 and gave the company a "market perform" rating in a research report on Tuesday, October 29th. Royal Bank of Canada boosted their price target on Ameriprise Financial from $535.00 to $550.00 and gave the company an "outperform" rating in a report on Friday, October 25th. The Goldman Sachs Group downgraded Ameriprise Financial from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $485.00 to $476.00 in a research note on Thursday, September 26th. UBS Group boosted their price objective on Ameriprise Financial from $490.00 to $555.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. Finally, Morgan Stanley raised their target price 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Ameriprise Financial currently has a consensus rating of "Hold" and a consensus price target of $487.67.

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.