Oddo BHF Asset Management Sas Invests $1.70 Million in Ameriprise Financial, Inc. (NYSE:AMP)

Oddo BHF Asset Management Sas bought a new stake in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,625 shares of the financial services provider's stock, valued at approximately $1,703,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of Ameriprise Financial by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,609,486 shares of the financial services provider's stock worth $1,222,943,000 after acquiring an additional 31,158 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Ameriprise Financial by 10.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,129,632 shares of the financial services provider's stock valued at $482,588,000 after purchasing an additional 110,319 shares in the last quarter. Legal & General Group Plc increased its stake in Ameriprise Financial by 1.4% in the second quarter. Legal & General Group Plc now owns 823,249 shares of the financial services provider's stock valued at $351,685,000 after purchasing an additional 11,060 shares during the last quarter. AGF Management Ltd. raised its holdings in Ameriprise Financial by 35.4% during the second 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. Finally, Epoch Investment Partners Inc. lifted its position in shares of Ameriprise Financial by 3.9% during the 2nd quarter. Epoch Investment Partners Inc. now owns 458,565 shares of the financial services provider's stock worth $195,894,000 after buying an additional 17,312 shares during the last quarter. Hedge funds and other institutional investors own 83.95% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on AMP. The Goldman Sachs Group cut Ameriprise Financial from a "buy" rating to a "neutral" rating and cut their target price for the stock from $485.00 to $476.00 in a research report on Thursday, September 26th. Keefe, Bruyette & Woods boosted their price objective on 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 increased their price objective on Ameriprise Financial from $440.00 to $502.00 and gave the company an "equal weight" rating in a report on Thursday, October 17th. Royal Bank of Canada lifted their target price on shares of Ameriprise Financial from $535.00 to $550.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Finally, UBS Group increased their price target on shares of Ameriprise Financial from $490.00 to $555.00 and gave the stock a "buy" rating in a research note on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $487.67.

Insiders Place Their Bets

In related news, CFO Walter Stanley Berman sold 8,655 shares of the stock in a transaction dated 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 transaction, the chief financial officer now directly owns 6,409 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Also, insider Gumer Alvero sold 2,325 shares of the company's 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 transaction, the insider now directly owns 4,669 shares of the company's stock, valued at approximately $2,409,437.45. This represents a 33.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,715 shares of company stock valued at $11,983,436 in the last ninety days. Insiders own 0.73% of the company's stock.

Ameriprise Financial Price Performance

Shares of Ameriprise Financial stock traded up $1.93 during trading on Friday, hitting $549.76. 401,759 shares of the company were exchanged, compared to its average volume of 470,947. Ameriprise Financial, Inc. has a fifty-two week low of $368.41 and a fifty-two week high of $577.00. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.99. The firm has a 50 day moving average price of $538.41 and a 200 day moving average price of $471.16. The stock has a market capitalization of $53.33 billion, a price-to-earnings ratio of 21.10, a P/E/G ratio of 0.96 and a beta of 1.34.

Ameriprise Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a dividend of $1.48 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $5.92 annualized dividend and a dividend yield of 1.08%. Ameriprise Financial's dividend payout ratio is currently 22.73%.

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.