Ameriprise Financial, Inc. (NYSE:AMP) Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. grew its position in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 25.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,358 shares of the financial services provider's stock after purchasing an additional 1,275 shares during the period. Oppenheimer & Co. Inc.'s holdings in Ameriprise Financial were worth $2,987,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC boosted its stake in shares of Ameriprise Financial by 3.6% in the first quarter. Orion Portfolio Solutions LLC now owns 7,377 shares of the financial services provider's stock valued at $3,235,000 after purchasing an additional 254 shares during the period. JPMorgan Chase & Co. boosted its position in Ameriprise Financial by 18.6% in 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 buying an additional 603,267 shares during the period. TIAA Trust National Association increased its position in shares of Ameriprise Financial by 3.0% during the first quarter. TIAA Trust National Association now owns 3,062 shares of the financial services provider's stock worth $1,343,000 after acquiring an additional 88 shares during the period. Ontario Teachers Pension Plan Board purchased a new stake in Ameriprise Financial during the 1st quarter worth about $1,515,000. Finally, Rockport Wealth LLC purchased a new stake in shares of Ameriprise Financial during the first quarter worth approximately $619,000. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Ameriprise Financial

In other news, VP William Davies sold 8,700 shares of the business's stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $442.07, for a total value of $3,846,009.00. Following the transaction, the vice president now owns 13,199 shares of the company's stock, valued at approximately $5,834,881.93. The trade was a 39.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Gumer Alvero sold 2,325 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $516.05, for a total value of $1,199,816.25. Following the sale, 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 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 90 days. 0.73% of the stock is owned by insiders.

Ameriprise Financial Stock Performance

AMP traded up $0.90 during trading on Friday, hitting $562.44. 730,105 shares of the stock were exchanged, compared to its average volume of 470,965. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.99. Ameriprise Financial, Inc. has a 1-year low of $342.96 and a 1-year high of $569.47. The stock has a fifty day moving average price of $496.55 and a two-hundred day moving average price of $452.66. The firm has a market capitalization of $54.57 billion, a P/E ratio of 21.59, a PEG ratio of 0.97 and a beta of 1.34.

Ameriprise Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were issued a $1.48 dividend. The ex-dividend date was Monday, November 4th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.05%. Ameriprise Financial's payout ratio is 22.73%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AMP. The Goldman Sachs Group downgraded shares of Ameriprise Financial from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $485.00 to $476.00 in a research note on Thursday, September 26th. Keefe, Bruyette & Woods boosted their target price 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. 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. Royal Bank of Canada upped 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, Morgan Stanley raised their target price 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. 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 stock. Based on data from MarketBeat, Ameriprise Financial currently has a consensus rating of "Hold" and an average 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.