Point72 Asia Singapore Pte. Ltd. Sells 3,671 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Point72 Asia Singapore Pte. Ltd. lowered its position in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 91.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 334 shares of the financial services provider's stock after selling 3,671 shares during the quarter. Point72 Asia Singapore Pte. Ltd.'s holdings in Ameriprise Financial were worth $143,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of AMP. Retirement Group LLC acquired a new stake in Ameriprise Financial in the first quarter worth $25,000. DiNuzzo Private Wealth Inc. grew 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 buying an additional 43 shares during the period. Accordant Advisory Group Inc bought a new stake in Ameriprise Financial in the 2nd quarter valued at about $26,000. Redmont Wealth Advisors LLC acquired a new position in Ameriprise Financial during the 1st quarter worth approximately $28,000. Finally, Mascoma Wealth Management LLC boosted its holdings in 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 acquiring an additional 40 shares in the last quarter. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group upped their target price on Ameriprise Financial from $500.00 to $504.00 and gave the stock a "buy" rating in a research report on Friday, June 28th. Morgan Stanley dropped their price objective on shares of Ameriprise Financial from $444.00 to $440.00 and set an "equal weight" rating on the stock in a research note on Monday, July 29th. Keefe, Bruyette & Woods decreased their target price on shares of Ameriprise Financial from $470.00 to $460.00 and set a "market perform" rating for the company in a research report on Tuesday, July 30th. UBS Group dropped their price target on shares of Ameriprise Financial from $500.00 to $495.00 and set a "buy" rating on the stock in a research report on Tuesday, July 9th. Finally, The Goldman Sachs Group lowered 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Ameriprise Financial presently has an average rating of "Hold" and an average target price of $463.00.

Ameriprise Financial Stock Up 0.2 %

NYSE:AMP traded up $1.11 on Friday, hitting $468.62. The stock had a trading volume of 603,754 shares, compared to its average volume of 477,271. Ameriprise Financial, Inc. has a 1 year low of $306.63 and a 1 year high of $471.57. The firm's fifty day simple moving average is $434.13 and its two-hundred day simple moving average is $430.28. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market cap of $46.01 billion, a P/E ratio of 15.95, a price-to-earnings-growth ratio of 0.80 and a beta of 1.35.

Ameriprise Financial (NYSE:AMP - Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $8.72 EPS for the quarter, topping analysts' consensus estimates of $8.53 by $0.19. The business had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.24 billion. Ameriprise Financial had a return on equity of 73.83% and a net margin of 18.64%. Ameriprise Financial's quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the company posted $7.44 earnings per share. Analysts predict that Ameriprise Financial, Inc. will post 34.81 earnings per share for the current year.

Ameriprise Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 5th were given a dividend of $1.48 per share. The ex-dividend date of this dividend was Monday, August 5th. This represents a $5.92 annualized dividend and a yield of 1.26%. Ameriprise Financial's payout ratio is currently 20.15%.

Insider Buying and Selling

In other Ameriprise Financial news, VP William Davies sold 8,700 shares of the business's stock in a transaction dated 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 directly owns 13,199 shares in the company, valued at $5,834,881.93. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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.