Robeco Institutional Asset Management B.V. Has $37.05 Million Stock Holdings in Ameriprise Financial, Inc. (NYSE:AMP)

Robeco Institutional Asset Management B.V. lessened its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 48.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 78,851 shares of the financial services provider's stock after selling 74,770 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.08% of Ameriprise Financial worth $37,045,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of Ameriprise Financial by 18.6% during the 1st quarter. JPMorgan Chase & Co. now owns 3,844,165 shares of the financial services provider's stock worth $1,685,436,000 after purchasing an additional 603,267 shares during the period. Swedbank AB bought a new position in Ameriprise Financial during the first quarter valued at about $108,938,000. Maj Invest Holding A S bought a new position in Ameriprise Financial during the third quarter valued at about $98,742,000. AGF Management Ltd. raised its holdings in Ameriprise Financial by 35.4% in the 2nd quarter. AGF Management Ltd. now owns 504,657 shares of the financial services provider's stock valued at $215,584,000 after acquiring an additional 131,844 shares in the last quarter. Finally, TD Asset Management Inc lifted its position in shares of Ameriprise Financial by 18.8% in the 1st quarter. TD Asset Management Inc now owns 707,617 shares of the financial services provider's stock worth $310,248,000 after acquiring an additional 111,973 shares during the period. Institutional investors own 83.95% of the company's stock.

Ameriprise Financial Price Performance

Shares of AMP stock traded up $53.48 during trading hours on Wednesday, hitting $567.43. 774,624 shares of the company's stock were exchanged, compared to its average volume of 470,101. Ameriprise Financial, Inc. has a 52 week low of $330.51 and a 52 week high of $569.47. The stock has a market cap of $55.72 billion, a price-to-earnings ratio of 21.78, a price-to-earnings-growth ratio of 0.88 and a beta of 1.34. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.65 and a quick ratio of 0.59. The stock's 50-day moving average is $480.29 and its 200-day moving average is $445.82.

Ameriprise Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be given a $1.48 dividend. This represents a $5.92 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Monday, November 4th. Ameriprise Financial's payout ratio is presently 22.73%.

Insiders Place Their Bets

In related news, VP William Davies sold 8,700 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the vice president now owns 13,199 shares in the company, valued at $5,834,881.93. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, VP William Davies sold 8,700 shares of Ameriprise Financial stock in a transaction dated 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 completion of the sale, the vice president now directly owns 13,199 shares in the company, valued at $5,834,881.93. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 owns 4,669 shares in the company, valued at approximately $2,409,437.45. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.96% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AMP. Morgan Stanley increased their price objective on shares of Ameriprise Financial from $440.00 to $502.00 and gave the company an "equal weight" rating in a research note on Thursday, October 17th. 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 report on Tuesday, October 8th. Keefe, Bruyette & Woods lifted their price objective on Ameriprise Financial from $475.00 to $510.00 and gave the company a "market perform" rating in a report on Tuesday, October 29th. The Goldman Sachs Group cut Ameriprise Financial from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $485.00 to $476.00 in a report on Thursday, September 26th. Finally, Royal Bank of Canada raised their target price 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 equities research 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's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target 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.