Ameriprise Financial, Inc. (NYSE:AMP) Holdings Raised by Verity & Verity LLC

Verity & Verity LLC boosted its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 2.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,159 shares of the financial services provider's stock after purchasing an additional 663 shares during the quarter. Verity & Verity LLC's holdings in Ameriprise Financial were worth $12,863,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in AMP. Czech National Bank boosted its holdings in shares of Ameriprise Financial by 5.2% during the fourth quarter. Czech National Bank now owns 21,035 shares of the financial services provider's stock valued at $11,200,000 after acquiring an additional 1,033 shares during the period. Bridgewater Associates LP lifted its position in Ameriprise Financial by 97.8% in the 3rd quarter. Bridgewater Associates LP now owns 50,510 shares of the financial services provider's stock valued at $23,730,000 after purchasing an additional 24,968 shares during the last quarter. Empowered Funds LLC lifted its position 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 last quarter. SpiderRock Advisors LLC boosted its stake in Ameriprise Financial by 136.3% during the 3rd quarter. SpiderRock Advisors LLC now owns 3,237 shares of the financial services provider's stock valued at $1,521,000 after purchasing an additional 1,867 shares during the period. Finally, Aljian Capital Management LLC bought a new position in Ameriprise Financial in the 3rd quarter worth about $458,000. 83.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AMP has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods cut their price target on Ameriprise Financial from $565.00 to $560.00 and set a "market perform" rating on the stock in a report on Friday, January 10th. Morgan Stanley lifted their target price on Ameriprise Financial from $440.00 to $502.00 and gave the company an "equal weight" rating in a research note on Thursday, October 17th. Royal Bank of Canada increased their price target on Ameriprise Financial from $535.00 to $550.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. The Goldman Sachs Group cut shares of Ameriprise Financial from a "buy" rating to a "neutral" rating and cut their price objective for the company from $485.00 to $476.00 in a research note on Thursday, September 26th. Finally, UBS Group downgraded shares of Ameriprise Financial from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $580.00 to $570.00 in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Ameriprise Financial currently has a consensus rating of "Hold" and a consensus price target of $494.89.

Insider Activity at Ameriprise Financial

In other news, CFO Walter Stanley Berman sold 8,655 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $564.16, for a total transaction of $4,882,804.80. Following the completion of the sale, the chief financial officer now owns 6,409 shares in the company, valued at approximately $3,615,701.44. This represents a 57.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gumer Alvero sold 2,325 shares of Ameriprise Financial 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 completion of the transaction, the insider now owns 4,669 shares in the company, valued at $2,409,437.45. The trade was a 33.24 % 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 valued at $11,983,436 over the last ninety days. Insiders own 0.96% of the company's stock.

Ameriprise Financial Price Performance

AMP stock traded up $5.18 during trading hours on Friday, hitting $551.61. 941,468 shares of the stock traded hands, compared to its average volume of 394,304. 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 50-day simple moving average of $548.42 and a 200 day simple moving average of $489.37. Ameriprise Financial, Inc. has a one year low of $369.29 and a one year high of $577.00. The company has a market cap of $53.51 billion, a P/E ratio of 21.18, a P/E/G ratio of 0.78 and a beta of 1.36.

Ameriprise Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a $1.48 dividend. 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 currently 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.