Natixis Advisors LLC Has $59.41 Million Holdings in Ameriprise Financial, Inc. (NYSE:AMP)

Natixis Advisors LLC increased its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 1.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 126,455 shares of the financial services provider's stock after purchasing an additional 1,379 shares during the quarter. Natixis Advisors LLC owned approximately 0.13% of Ameriprise Financial worth $59,410,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. DiNuzzo Private Wealth Inc. raised its stake in shares of Ameriprise Financial by 268.8% during the second quarter. DiNuzzo Private Wealth Inc. now owns 59 shares of the financial services provider's stock worth $25,000 after purchasing an additional 43 shares during the last quarter. Accordant Advisory Group Inc purchased a new position in Ameriprise Financial in the second quarter worth $26,000. Mascoma Wealth Management LLC lifted 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 valued at $28,000 after purchasing an additional 40 shares during the period. Bank & Trust Co purchased a new position in Ameriprise Financial in the second quarter valued at about $29,000. Finally, Oakworth Capital Inc. purchased a new stake in shares of Ameriprise Financial during the 3rd quarter worth approximately $31,000. 83.95% of the stock is owned by institutional investors and hedge funds.

Ameriprise Financial Stock Up 0.2 %

Shares of AMP stock traded up $0.90 on Friday, reaching $562.44. 730,105 shares of the company's stock traded hands, compared to its average volume of 448,893. Ameriprise Financial, Inc. has a 12-month low of $342.96 and a 12-month high of $569.47. The company has a market capitalization of $54.56 billion, a P/E ratio of 21.59, a price-to-earnings-growth ratio of 0.98 and a beta of 1.34. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.65 and a current ratio of 0.65. The business's 50 day moving average price is $496.55 and its two-hundred day moving average price is $452.94.

Ameriprise Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a $1.48 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $5.92 annualized dividend and a yield of 1.05%. Ameriprise Financial's dividend payout ratio is presently 22.73%.

Analyst Ratings Changes

Several research firms have issued reports on AMP. Keefe, Bruyette & Woods boosted their price objective on shares of Ameriprise Financial from $475.00 to $510.00 and gave the stock a "market perform" rating in a research note on Tuesday, October 29th. Morgan Stanley lifted their price objective on Ameriprise Financial from $440.00 to $502.00 and gave the stock an "equal weight" rating in a report on Thursday, October 17th. UBS Group raised their price target on shares of Ameriprise Financial from $490.00 to $555.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. The Goldman Sachs Group downgraded shares of 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 report on Thursday, September 26th. Finally, Royal Bank of Canada increased their price target 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 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, the company presently has a consensus rating of "Hold" and a consensus price target of $487.67.

Insiders Place Their Bets

In other Ameriprise Financial news, insider Joseph Edward Sweeney sold 10,735 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $549.68, for a total transaction of $5,900,814.80. Following the transaction, the insider now directly owns 5,811 shares of the company's stock, valued at $3,194,190.48. This represents a 64.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Walter Stanley Berman sold 8,655 shares of the firm's stock in a transaction on Monday, November 11th. The shares were 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 $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 sold a total of 30,415 shares of company stock worth $15,829,445 in the last quarter. 0.73% of the stock is currently owned by corporate insiders.

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.