493 Shares in Ameriprise Financial, Inc. (NYSE:AMP) Bought by Howard Financial Services LTD.

Howard Financial Services LTD. purchased a new stake in Ameriprise Financial, Inc. (NYSE:AMP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 493 shares of the financial services provider’s stock, valued at approximately $263,000.

A number of other institutional investors also recently bought and sold shares of AMP. Verity & Verity LLC raised its position in shares of Ameriprise Financial by 2.8% during the 4th quarter. Verity & Verity LLC now owns 24,159 shares of the financial services provider’s stock worth $12,863,000 after acquiring an additional 663 shares in the last quarter. Arthur M. Cohen & Associates LLC raised its holdings in Ameriprise Financial by 3.2% during the fourth quarter. Arthur M. Cohen & Associates LLC now owns 1,140 shares of the financial services provider’s stock worth $607,000 after purchasing an additional 35 shares in the last quarter. Somerset Trust Co raised its holdings in Ameriprise Financial by 45.3% during the fourth quarter. Somerset Trust Co now owns 760 shares of the financial services provider’s stock worth $405,000 after purchasing an additional 237 shares in the last quarter. Merit Financial Group LLC purchased a new stake in shares of Ameriprise Financial during the 4th quarter worth approximately $943,000. Finally, Chemistry Wealth Management LLC boosted its holdings in shares of Ameriprise Financial by 3.1% in the 4th quarter. Chemistry Wealth Management LLC now owns 3,810 shares of the financial services provider’s stock valued at $2,029,000 after buying an additional 114 shares in the last quarter. 83.95% of the stock is owned by hedge funds and other institutional investors.

Ameriprise Financial Stock Up 0.9 %

Shares of NYSE AMP opened at $551.61 on Friday. The stock has a market capitalization of $53.51 billion, a price-to-earnings ratio of 21.18, a price-to-earnings-growth ratio of 0.78 and a beta of 1.36. Ameriprise Financial, Inc. has a 52 week low of $369.29 and a 52 week high of $577.00. The firm has a 50-day moving average price of $548.42 and a 200 day moving average price of $488.11. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.99.

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 issued a dividend of $1.48 per share. The ex-dividend date was Monday, November 4th. This represents a $5.92 annualized dividend and a yield of 1.07%. Ameriprise Financial’s dividend payout ratio (DPR) is currently 22.73%.

Insiders Place Their Bets

In other news, insider Gumer Alvero sold 2,325 shares of the company’s 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 sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Walter Stanley Berman sold 8,655 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $564.16, for a total transaction of $4,882,804.80. Following the completion of the transaction, the chief financial officer now directly owns 6,409 shares of the company’s stock, valued at $3,615,701.44. The trade was a 57.45 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,715 shares of company stock worth $11,983,436. Insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. UBS Group cut shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and reduced their price target for the company from $580.00 to $570.00 in a research report on Monday, January 6th. Keefe, Bruyette & Woods reduced their target price on Ameriprise Financial from $565.00 to $560.00 and set a “market perform” rating for the company in a report on Friday, January 10th. Royal Bank of Canada raised 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 downgraded Ameriprise Financial from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $485.00 to $476.00 in a report on Thursday, September 26th. Finally, Morgan Stanley raised their target price on shares of Ameriprise Financial from $440.00 to $502.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $494.89.

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.