699 Shares in Ameriprise Financial, Inc. (NYSE:AMP) Bought by One Wealth Capital Management LLC

One Wealth Capital Management LLC bought a new stake in Ameriprise Financial, Inc. (NYSE:AMP) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 699 shares of the financial services provider’s stock, valued at approximately $372,000.

Other large investors also recently modified their holdings of the company. Savant Capital LLC increased its stake in Ameriprise Financial by 5.3% during the 2nd quarter. Savant Capital LLC now owns 6,966 shares of the financial services provider’s stock worth $2,976,000 after purchasing an additional 349 shares in the last quarter. Great Lakes Advisors LLC lifted its position in Ameriprise Financial by 22.8% in the 2nd quarter. Great Lakes Advisors LLC now owns 8,078 shares of the financial services provider’s stock valued at $3,451,000 after acquiring an additional 1,502 shares in the last quarter. Gallacher Capital Management LLC boosted its stake in Ameriprise Financial by 69.1% in the 2nd quarter. Gallacher Capital Management LLC now owns 832 shares of the financial services provider’s stock worth $355,000 after purchasing an additional 340 shares during the period. Acadian Asset Management LLC boosted its stake in Ameriprise Financial by 3,086.6% in the 2nd quarter. Acadian Asset Management LLC now owns 3,569 shares of the financial services provider’s stock worth $1,523,000 after purchasing an additional 3,457 shares during the period. Finally, Caprock Group LLC raised its stake in shares of Ameriprise Financial by 159.8% in the 2nd quarter. Caprock Group LLC now owns 6,005 shares of the financial services provider’s stock valued at $2,565,000 after purchasing an additional 3,694 shares during the period. 83.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Ameriprise Financial

In other Ameriprise Financial news, insider Joseph Edward Sweeney sold 10,735 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $3,194,190.48. The trade was a 64.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Walter Stanley Berman sold 8,655 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 6,409 shares of the company’s stock, valued at approximately $3,615,701.44. This trade represents a 57.45 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,715 shares of company stock worth $11,983,436. Insiders own 0.73% of the company’s stock.

Ameriprise Financial Trading Down 0.7 %

Ameriprise Financial stock traded down $3.80 during trading hours on Tuesday, hitting $527.01. The stock had a trading volume of 232,230 shares, compared to its average volume of 337,833. The stock has a market cap of $51.13 billion, a price-to-earnings ratio of 20.23, a P/E/G ratio of 0.96 and a beta of 1.36. 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 business’s 50 day simple moving average is $547.26 and its 200-day simple moving average is $483.50. Ameriprise Financial, Inc. has a one year low of $368.41 and a one year high of $577.00.

Ameriprise Financial Dividend Announcement

The business 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. This represents a $5.92 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Monday, November 4th. Ameriprise Financial’s payout ratio is presently 22.73%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Royal Bank of Canada upped their price objective 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 raised their price target on shares of Ameriprise Financial from $475.00 to $510.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. Morgan Stanley boosted their price objective 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. The Goldman Sachs Group downgraded shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and decreased their target price for the company from $485.00 to $476.00 in a research report on Thursday, September 26th. Finally, UBS Group cut shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and cut their price target for the stock from $580.00 to $570.00 in a research report on Monday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $489.33.

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.