Mizuho Securities USA LLC Has $2.99 Million Position in Ameriprise Financial, Inc. (NYSE:AMP)

Mizuho Securities USA LLC trimmed its position in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 16.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,367 shares of the financial services provider's stock after selling 1,292 shares during the period. Mizuho Securities USA LLC's holdings in Ameriprise Financial were worth $2,991,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. boosted its holdings in Ameriprise Financial by 268.8% in the second 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 during the last quarter. Accordant Advisory Group Inc acquired a new stake in shares of Ameriprise Financial during the second quarter worth approximately $26,000. Mascoma Wealth Management LLC increased its stake in shares of Ameriprise Financial by 153.8% in the second quarter. Mascoma Wealth Management LLC now owns 66 shares of the financial services provider's stock worth $28,000 after buying an additional 40 shares during the last quarter. Bank & Trust Co acquired a new stake in Ameriprise Financial in the second quarter valued at $29,000. Finally, Oakworth Capital Inc. acquired a new position in Ameriprise Financial during the 3rd quarter worth $31,000. Institutional investors and hedge funds own 83.95% of the company's stock.

Ameriprise Financial Stock Performance

Shares of NYSE AMP traded up $1.86 during midday trading on Friday, hitting $572.07. 514,020 shares of the company's stock were exchanged, compared to its average volume of 450,524. Ameriprise Financial, Inc. has a twelve month low of $345.43 and a twelve month high of $575.37. The firm has a market cap of $55.50 billion, a P/E ratio of 21.96, a PEG ratio of 0.99 and a beta of 1.34. The stock's 50 day moving average price is $509.57 and its 200-day moving average price is $457.84. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were given a $1.48 dividend. The ex-dividend date was Monday, November 4th. This represents a $5.92 dividend on an annualized basis and a yield of 1.03%. Ameriprise Financial's dividend payout ratio (DPR) is 22.73%.

Insider Buying and Selling at Ameriprise Financial

In other news, VP William Davies sold 8,700 shares of Ameriprise Financial 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 $5,834,881.93. The trade was a 39.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Walter Stanley Berman sold 8,655 shares of Ameriprise Financial stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $564.16, for a total transaction of $4,882,804.80. Following the completion of the transaction, the chief financial officer now owns 6,409 shares in the company, valued at approximately $3,615,701.44. This trade represents a 57.45 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,415 shares of company stock valued at $15,829,445. 0.73% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on AMP shares. UBS Group upped their target price on shares of Ameriprise Financial from $490.00 to $555.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. The Goldman Sachs Group downgraded Ameriprise Financial from a "buy" rating to a "neutral" rating and lowered their price target for the company from $485.00 to $476.00 in a report on Thursday, September 26th. Keefe, Bruyette & Woods boosted their target price on shares of Ameriprise Financial from $475.00 to $510.00 and gave the company a "market perform" rating in a research note on Tuesday, October 29th. Morgan Stanley raised 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 report on Thursday, October 17th. Finally, 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 research report on Friday, October 25th. One investment 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, the stock presently has a consensus rating of "Hold" and an average price target of $487.67.

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.