Public Employees Retirement System of Ohio Decreases Position in Ameriprise Financial, Inc. (NYSE:AMP)

Public Employees Retirement System of Ohio decreased its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 7.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,082 shares of the financial services provider's stock after selling 3,494 shares during the period. Public Employees Retirement System of Ohio's holdings in Ameriprise Financial were worth $20,240,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Bridgewater Associates LP lifted its position in shares of Ameriprise Financial by 97.8% during the 3rd quarter. Bridgewater Associates LP now owns 50,510 shares of the financial services provider's stock worth $23,730,000 after buying an additional 24,968 shares in the last quarter. Empowered Funds LLC grew its stake in Ameriprise Financial by 19.9% in the 3rd quarter. Empowered Funds LLC now owns 8,021 shares of the financial services provider's stock valued at $3,768,000 after purchasing an additional 1,329 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Ameriprise Financial by 390.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 57,060 shares of the financial services provider's stock valued at $24,375,000 after purchasing an additional 45,420 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Ameriprise Financial by 23.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 29,529 shares of the financial services provider's stock worth $12,615,000 after buying an additional 5,692 shares during the last quarter. Finally, SpiderRock Advisors LLC boosted its holdings in shares of Ameriprise Financial by 136.3% in the 3rd quarter. SpiderRock Advisors LLC now owns 3,237 shares of the financial services provider's stock worth $1,521,000 after buying an additional 1,867 shares during the last quarter. Institutional investors own 83.95% of the company's stock.

Wall Street Analysts Forecast Growth

AMP has been the subject of a number of research reports. UBS Group increased their target price on shares of Ameriprise Financial from $490.00 to $555.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. Morgan Stanley increased their price target on Ameriprise Financial from $440.00 to $502.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 17th. 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. Royal Bank of Canada increased their target price on shares of Ameriprise Financial from $535.00 to $550.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Finally, The Goldman Sachs Group lowered shares of Ameriprise Financial from a "buy" rating to a "neutral" rating and lowered their price target for the company from $485.00 to $476.00 in a research report on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $487.67.

Insider Buying and Selling

In other Ameriprise Financial news, insider Gumer Alvero sold 2,325 shares of the firm's stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $516.05, for a total transaction 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 33.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Walter Stanley Berman sold 8,655 shares of the company's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $564.16, for a total value of $4,882,804.80. Following the completion of the transaction, the chief financial officer now owns 6,409 shares of the company's stock, 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 21,715 shares of company stock worth $11,983,436 over the last ninety days. 0.73% of the stock is owned by corporate insiders.

Ameriprise Financial Price Performance

NYSE AMP traded up $4.46 on Wednesday, hitting $550.80. The stock had a trading volume of 428,631 shares, compared to its average volume of 471,081. The firm has a 50-day moving average of $534.38 and a 200-day moving average of $469.29. The company has a market capitalization of $53.44 billion, a price-to-earnings ratio of 21.16, 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. Ameriprise Financial, Inc. has a 52-week low of $365.44 and a 52-week high of $577.00.

Ameriprise Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were paid a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 1.07%. The ex-dividend date was Monday, November 4th. Ameriprise Financial's dividend payout ratio is 22.73%.

Ameriprise Financial Company 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.