Ameriprise Financial, Inc. (NYSE:AMP) Shares Sold by TCW Group Inc.

TCW Group Inc. lessened its holdings in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 25.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 135,508 shares of the financial services provider's stock after selling 47,030 shares during the period. TCW Group Inc. owned 0.14% of Ameriprise Financial worth $63,663,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of AMP. DiNuzzo Private Wealth Inc. lifted its holdings in shares of Ameriprise Financial by 268.8% in the second quarter. DiNuzzo Private Wealth Inc. now owns 59 shares of the financial services provider's stock worth $25,000 after buying an additional 43 shares in the last quarter. Accordant Advisory Group Inc bought a new stake in Ameriprise Financial in the 2nd quarter valued at $26,000. Mascoma Wealth Management LLC lifted its stake in Ameriprise Financial by 153.8% in the 2nd quarter. Mascoma Wealth Management LLC now owns 66 shares of the financial services provider's stock worth $28,000 after purchasing an additional 40 shares in the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of Ameriprise Financial in the second quarter worth about $29,000. Finally, Oakworth Capital Inc. bought a new position in shares of Ameriprise Financial during the 3rd quarter valued at approximately $31,000. 83.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the company. Royal Bank of Canada lifted their price target on Ameriprise Financial from $535.00 to $550.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods increased their target price on 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 boosted their target price on shares of Ameriprise Financial from $490.00 to $555.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. Morgan Stanley boosted 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 report on Thursday, October 17th. Finally, The Goldman Sachs Group downgraded shares of Ameriprise Financial from a "buy" rating to a "neutral" rating and decreased their price target for the company from $485.00 to $476.00 in a research note on Thursday, September 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $487.67.

Insider Buying and Selling at Ameriprise Financial

In other news, CFO Walter Stanley Berman sold 8,655 shares of the firm's stock in a transaction on 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 sale, the chief financial officer now owns 6,409 shares of the company's stock, valued at $3,615,701.44. This trade represents a 57.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 value of $1,199,816.25. Following the transaction, the insider now directly owns 4,669 shares in the company, valued at $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. Over the last ninety days, insiders sold 21,715 shares of company stock valued at $11,983,436. 0.73% of the stock is currently owned by insiders.

Ameriprise Financial Stock Up 0.8 %

NYSE AMP traded up $4.46 during midday trading on Wednesday, hitting $550.80. 428,631 shares of the company traded hands, compared to its average volume of 471,081. The company has a market cap of $53.44 billion, a PE 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 current ratio of 0.65 and a quick ratio of 0.65. Ameriprise Financial, Inc. has a 52 week low of $365.44 and a 52 week high of $577.00. The company's 50-day simple moving average is $534.38 and its 200-day simple moving average is $469.29.

Ameriprise Financial Dividend Announcement

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

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.