Unigestion Holding SA Acquires 1,971 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Unigestion Holding SA boosted its position in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 80.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,436 shares of the financial services provider's stock after buying an additional 1,971 shares during the quarter. Unigestion Holding SA's holdings in Ameriprise Financial were worth $2,084,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Coldstream Capital Management Inc. boosted its position in Ameriprise Financial by 6.6% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,009 shares of the financial services provider's stock worth $1,899,000 after acquiring an additional 249 shares during the period. Geode Capital Management LLC boosted its position in 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 during the period. Vestcor Inc boosted its position in Ameriprise Financial by 67.8% during the 3rd quarter. Vestcor Inc now owns 5,667 shares of the financial services provider's stock worth $2,662,000 after acquiring an additional 2,289 shares during the period. LRI Investments LLC boosted its position in Ameriprise Financial by 10.4% during the 3rd quarter. LRI Investments LLC now owns 713 shares of the financial services provider's stock worth $335,000 after acquiring an additional 67 shares during the period. Finally, Geller Advisors LLC boosted its position in Ameriprise Financial by 2.2% during the 3rd quarter. Geller Advisors LLC now owns 878 shares of the financial services provider's stock worth $412,000 after acquiring an additional 19 shares during the period. Institutional investors and hedge funds own 83.95% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Morgan Stanley boosted their price objective on Ameriprise Financial from $440.00 to $502.00 and gave the company an "equal weight" rating in a research report on Thursday, October 17th. UBS Group lifted their price target on shares of Ameriprise Financial from $490.00 to $555.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. The Goldman Sachs Group downgraded Ameriprise Financial from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $485.00 to $476.00 in a report on Thursday, September 26th. Royal Bank of Canada raised their price target on Ameriprise Financial from $535.00 to $550.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Finally, Keefe, Bruyette & Woods raised their price target on Ameriprise Financial from $475.00 to $510.00 and gave the company a "market perform" rating in a report on Tuesday, October 29th. One equities research 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $487.67.

Ameriprise Financial Stock Performance

Shares of AMP traded up $4.46 during mid-day trading on Wednesday, reaching $550.80. The company's stock had a trading volume of 428,631 shares, compared to its average volume of 471,081. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.99. The stock has a market cap of $53.44 billion, a P/E ratio of 21.16, a PEG ratio of 0.98 and a beta of 1.34. Ameriprise Financial, Inc. has a 1-year low of $365.44 and a 1-year high of $577.00. The business has a 50-day simple moving average of $534.38 and a two-hundred day simple moving average of $469.29.

Ameriprise Financial Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend was Monday, November 4th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.07%. Ameriprise Financial's payout ratio is presently 22.73%.

Insider Activity

In related news, insider Joseph Edward Sweeney sold 10,735 shares of the company's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $549.68, for a total transaction of $5,900,814.80. Following the completion of the transaction, the insider now directly owns 5,811 shares in the company, valued at $3,194,190.48. This represents a 64.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Walter Stanley Berman sold 8,655 shares of the stock in a transaction dated Monday, November 11th. The shares were 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. This represents a 57.45 % 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 worth $11,983,436. Corporate insiders own 0.73% of the company's stock.

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.