Ameriprise Financial, Inc. (NYSE:AMP) Shares Bought by National Bank of Canada FI

National Bank of Canada FI increased its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 112.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 105,868 shares of the financial services provider's stock after acquiring an additional 56,002 shares during the period. National Bank of Canada FI owned approximately 0.11% of Ameriprise Financial worth $49,738,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of AMP. Opal Wealth Advisors LLC purchased a new stake in shares of Ameriprise Financial in the second quarter valued at approximately $35,000. Czech National Bank increased its holdings in Ameriprise Financial by 7.4% in the 2nd quarter. Czech National Bank now owns 18,928 shares of the financial services provider's stock worth $8,086,000 after acquiring an additional 1,298 shares in the last quarter. MorganRosel Wealth Management LLC raised its position in Ameriprise Financial by 8.4% during the second quarter. MorganRosel Wealth Management LLC now owns 2,055 shares of the financial services provider's stock worth $878,000 after acquiring an additional 159 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in Ameriprise Financial by 9.4% during the second quarter. Sequoia Financial Advisors LLC now owns 3,551 shares of the financial services provider's stock valued at $1,517,000 after purchasing an additional 305 shares in the last quarter. Finally, Foguth Wealth Management LLC. acquired a new stake in shares of Ameriprise Financial in the second quarter valued at about $282,000. Hedge funds and other institutional investors own 83.95% of the company's stock.

Insiders Place Their Bets

In other Ameriprise Financial news, CFO Walter Stanley Berman sold 8,655 shares of the company's 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 transaction, the chief financial officer now owns 6,409 shares of the company's stock, valued at $3,615,701.44. This represents a 57.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Gumer Alvero sold 2,325 shares of Ameriprise Financial 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 sale, the insider now owns 4,669 shares of the company's stock, valued at approximately $2,409,437.45. This represents a 33.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,715 shares of company stock valued at $11,983,436 over the last ninety days. Company insiders own 0.73% of the company's stock.

Ameriprise Financial Trading Down 0.6 %

NYSE:AMP traded down $3.66 during trading hours on Friday, hitting $561.55. The company had a trading volume of 331,754 shares, compared to its average volume of 457,116. Ameriprise Financial, Inc. has a 1 year low of $350.37 and a 1 year high of $577.00. The company has a market cap of $54.48 billion, a P/E ratio of 21.56, a P/E/G ratio of 0.98 and a beta of 1.34. The company has a 50-day moving average of $531.24 and a 200 day moving average of $467.70. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.99.

Ameriprise Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were given a dividend of $1.48 per share. 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 payout ratio is currently 22.73%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on AMP shares. Keefe, Bruyette & Woods upped their price target on shares of Ameriprise Financial from $475.00 to $510.00 and gave the stock a "market perform" rating in a research report on Tuesday, October 29th. UBS Group increased their target price on Ameriprise Financial from $490.00 to $555.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. The Goldman Sachs Group lowered Ameriprise Financial from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $485.00 to $476.00 in a research note on Thursday, September 26th. Royal Bank of Canada increased their price objective on Ameriprise Financial from $535.00 to $550.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Finally, Morgan Stanley lifted 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 research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $487.67.

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.