Mizuho Securities USA LLC Raises Holdings in Ameriprise Financial, Inc. (NYSE:AMP)

Mizuho Securities USA LLC raised its holdings in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 96.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,014 shares of the financial services provider's stock after acquiring an additional 7,355 shares during the quarter. Mizuho Securities USA LLC's holdings in Ameriprise Financial were worth $7,054,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. DiNuzzo Private Wealth Inc. boosted its stake in shares of Ameriprise Financial by 268.8% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 59 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 43 shares in the last quarter. Accordant Advisory Group Inc acquired a new position in Ameriprise Financial during the 2nd quarter worth approximately $26,000. Mascoma Wealth Management LLC boosted its position in Ameriprise Financial by 153.8% during the 2nd quarter. Mascoma Wealth Management LLC now owns 66 shares of the financial services provider's stock worth $28,000 after acquiring an additional 40 shares during the last quarter. Bank & Trust Co acquired a new stake in shares of Ameriprise Financial in the 2nd quarter valued at approximately $29,000. Finally, Hantz Financial Services Inc. acquired a new stake in shares of Ameriprise Financial in the 2nd quarter valued at approximately $29,000. Institutional investors own 83.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. The Goldman Sachs Group downgraded Ameriprise Financial from a "buy" rating to a "neutral" rating and cut their price objective for the company from $485.00 to $476.00 in a report on Thursday, September 26th. Keefe, Bruyette & Woods increased their price target on Ameriprise Financial from $475.00 to $510.00 and gave the company a "market perform" rating in a research note on Tuesday, October 29th. UBS Group increased their price objective on Ameriprise Financial from $490.00 to $555.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Morgan Stanley increased their price objective on Ameriprise Financial from $440.00 to $502.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 17th. Finally, Royal Bank of Canada increased 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Ameriprise Financial presently has an average rating of "Hold" and an average price target of $487.67.

Insider Activity at Ameriprise Financial

In other news, insider Joseph Edward Sweeney sold 10,735 shares of Ameriprise Financial stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $549.68, for a total transaction of $5,900,814.80. Following the sale, the insider now directly owns 5,811 shares of the company's stock, valued at approximately $3,194,190.48. This trade represents a 64.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Walter Stanley Berman sold 8,655 shares of Ameriprise Financial stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $564.16, for a total value of $4,882,804.80. Following the sale, the chief financial officer now directly owns 6,409 shares in the company, valued at $3,615,701.44. The trade was a 57.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,415 shares of company stock valued at $15,829,445 over the last ninety days. 0.73% of the stock is owned by corporate insiders.

Ameriprise Financial Price Performance

NYSE:AMP traded up $0.90 during trading hours on Friday, hitting $562.44. The company's stock had a trading volume of 730,105 shares, compared to its average volume of 448,893. The stock has a fifty day simple moving average of $496.55 and a 200-day simple moving average of $452.94. The company has a market capitalization of $54.56 billion, a P/E ratio of 21.59, a PEG ratio of 0.98 and a beta of 1.34. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.65 and a quick ratio of 0.65. Ameriprise Financial, Inc. has a twelve month low of $342.96 and a twelve month high of $569.47.

Ameriprise Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were paid a $1.48 dividend. This represents a $5.92 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend was Monday, November 4th. Ameriprise Financial's dividend payout ratio (DPR) 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.