Ameriprise Financial, Inc. (NYSE:AMP) Shares Purchased by National Pension Service

National Pension Service raised its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 12.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 152,593 shares of the financial services provider's stock after acquiring an additional 17,058 shares during the quarter. National Pension Service owned approximately 0.16% of Ameriprise Financial worth $71,690,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. JPMorgan Chase & Co. boosted its position in Ameriprise Financial by 18.6% during the 1st quarter. JPMorgan Chase & Co. now owns 3,844,165 shares of the financial services provider's stock valued at $1,685,436,000 after acquiring an additional 603,267 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Ameriprise Financial by 10.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,129,632 shares of the financial services provider's stock worth $482,588,000 after purchasing an additional 110,319 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Ameriprise Financial by 1.4% in the 2nd quarter. Legal & General Group Plc now owns 823,249 shares of the financial services provider's stock worth $351,685,000 after purchasing an additional 11,060 shares in the last quarter. TD Asset Management Inc boosted its position in shares of Ameriprise Financial by 18.8% in the 1st quarter. TD Asset Management Inc now owns 707,617 shares of the financial services provider's stock worth $310,248,000 after purchasing an additional 111,973 shares in the last quarter. Finally, AGF Management Ltd. boosted its position in shares of Ameriprise Financial by 35.4% in the 2nd quarter. AGF Management Ltd. now owns 504,657 shares of the financial services provider's stock worth $215,584,000 after purchasing an additional 131,844 shares in the last quarter. Institutional investors own 83.95% of the company's stock.

Insider Buying and Selling at Ameriprise Financial

In other Ameriprise Financial news, VP William Davies sold 8,700 shares of Ameriprise Financial stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $442.07, for a total transaction of $3,846,009.00. Following the completion of the transaction, the vice president now owns 13,199 shares in the company, valued at approximately $5,834,881.93. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Ameriprise Financial news, VP William Davies sold 8,700 shares of Ameriprise Financial stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $442.07, for a total transaction of $3,846,009.00. Following the completion of the transaction, the vice president now owns 13,199 shares in the company, valued at approximately $5,834,881.93. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Gumer Alvero sold 2,325 shares of the firm's stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $516.05, for a total value of $1,199,816.25. Following the sale, the insider now owns 4,669 shares in the company, valued at $2,409,437.45. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.96% of the company's stock.

Ameriprise Financial Stock Performance

Shares of NYSE AMP traded up $53.48 during trading on Wednesday, reaching $567.43. 774,624 shares of the company traded hands, compared to its average volume of 470,101. The firm's fifty day simple moving average is $480.29 and its 200 day simple moving average is $445.82. The stock has a market cap of $55.72 billion, a P/E ratio of 21.78, a PEG ratio of 0.88 and a beta of 1.34. Ameriprise Financial, Inc. has a 12-month low of $330.51 and a 12-month high of $569.47. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 0.99.

Ameriprise Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be paid a dividend of $1.48 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.04%. Ameriprise Financial's payout ratio is currently 22.73%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AMP. Morgan Stanley raised 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. Keefe, Bruyette & Woods raised their price objective on Ameriprise Financial from $475.00 to $510.00 and gave the stock a "market perform" rating in a research report on Tuesday, October 29th. The Goldman Sachs Group cut Ameriprise Financial from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $485.00 to $476.00 in a research report on Thursday, September 26th. Royal Bank of Canada raised 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. Finally, UBS Group raised their target price on Ameriprise Financial from $490.00 to $555.00 and gave the stock a "buy" rating in a research note on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Ameriprise Financial has a consensus rating of "Hold" and an average price target 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.