Wilmington Savings Fund Society FSB Has $2.36 Million Stake in Ameriprise Financial, Inc. (NYSE:AMP)

Wilmington Savings Fund Society FSB boosted its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 339.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,014 shares of the financial services provider's stock after buying an additional 3,873 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Ameriprise Financial were worth $2,356,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of 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 purchasing an additional 31,158 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Ameriprise Financial by 10.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,129,632 shares of the financial services provider's stock worth $482,588,000 after buying an additional 110,319 shares during the period. Legal & General Group Plc lifted its holdings in shares of Ameriprise Financial by 1.4% during the second quarter. Legal & General Group Plc now owns 823,249 shares of the financial services provider's stock worth $351,685,000 after buying an additional 11,060 shares during the last quarter. AGF Management Ltd. boosted its position in shares of Ameriprise Financial by 35.4% in the second 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 during the period. Finally, Epoch Investment Partners Inc. increased its position in Ameriprise Financial by 3.9% during the second quarter. Epoch Investment Partners Inc. now owns 458,565 shares of the financial services provider's stock worth $195,894,000 after acquiring an additional 17,312 shares during the period. 83.95% of the stock is currently owned by institutional investors.

Ameriprise Financial Price Performance

NYSE:AMP traded up $1.93 during trading hours on Friday, reaching $549.76. The company had a trading volume of 401,759 shares, compared to its average volume of 470,947. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.99. The stock has a 50-day moving average of $538.41 and a two-hundred day moving average of $471.16. Ameriprise Financial, Inc. has a one year low of $368.41 and a one year high of $577.00. The firm has a market capitalization of $53.33 billion, a PE ratio of 21.10, a PEG ratio of 0.96 and a beta of 1.34.

Ameriprise Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a dividend of $1.48 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $5.92 annualized dividend and a yield of 1.08%. Ameriprise Financial's dividend payout ratio is 22.73%.

Insider Transactions at Ameriprise Financial

In related news, insider Gumer Alvero sold 2,325 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the insider now owns 4,669 shares of the company's stock, valued at $2,409,437.45. This trade represents a 33.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Joseph Edward Sweeney sold 10,735 shares of the company's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $549.68, for a total value of $5,900,814.80. Following the transaction, the insider now directly owns 5,811 shares in the company, valued at approximately $3,194,190.48. This represents a 64.88 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,715 shares of company stock valued at $11,983,436. Corporate insiders own 0.73% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. UBS Group raised 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. The Goldman Sachs Group lowered 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 note on Thursday, September 26th. Royal Bank of Canada upped 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. Keefe, Bruyette & Woods lifted their price objective on Ameriprise Financial from $475.00 to $510.00 and gave the stock a "market perform" rating in a report on Tuesday, October 29th. Finally, Morgan Stanley upped 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. One 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. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $487.67.

Ameriprise Financial 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.