Legacy Private Trust Co. Sells 422 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Legacy Private Trust Co. decreased its position in Ameriprise Financial, Inc. (NYSE:AMP) by 2.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 14,248 shares of the financial services provider’s stock after selling 422 shares during the quarter. Legacy Private Trust Co.’s holdings in Ameriprise Financial were worth $7,586,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Oakworth Capital Inc. bought a new stake in Ameriprise Financial during the third quarter worth about $31,000. Country Trust Bank increased its holdings in Ameriprise Financial by 213.6% during the 3rd quarter. Country Trust Bank now owns 69 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 47 shares in the last quarter. Peterson Financial Group Inc. bought a new position in Ameriprise Financial in the 3rd quarter valued at $45,000. Trifecta Capital Advisors LLC boosted its stake in Ameriprise Financial by 31.4% in the third quarter. Trifecta Capital Advisors LLC now owns 138 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 33 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of Ameriprise Financial by 240.5% during the fourth quarter. Versant Capital Management Inc now owns 143 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 101 shares during the last quarter. Institutional investors and hedge funds own 83.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AMP. Royal Bank of Canada upped their price target on shares of 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 boosted their price objective on shares of Ameriprise Financial from $475.00 to $510.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group lowered 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 research report on Thursday, September 26th. Morgan Stanley upped their price target 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. Finally, UBS Group cut Ameriprise Financial from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $580.00 to $570.00 in a report on Monday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Ameriprise Financial has a consensus rating of “Hold” and an average price target of $489.33.

Ameriprise Financial Trading Up 1.0 %

Shares of NYSE:AMP traded up $5.52 during mid-day trading on Wednesday, reaching $534.35. The stock had a trading volume of 539,957 shares, compared to its average volume of 411,779. The firm has a 50 day simple moving average of $547.49 and a two-hundred day simple moving average of $484.11. Ameriprise Financial, Inc. has a twelve month low of $368.41 and a twelve month high of $577.00. The firm has a market cap of $51.84 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 0.96 and a beta of 1.36. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.99.

Ameriprise Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were given a dividend of $1.48 per share. The ex-dividend date was Monday, November 4th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.11%. Ameriprise Financial’s dividend payout ratio is 22.73%.

Insider Transactions at Ameriprise Financial

In other news, insider Gumer Alvero sold 2,325 shares of Ameriprise Financial stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $516.05, for a total transaction of $1,199,816.25. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph Edward Sweeney sold 10,735 shares of the business’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 value of $5,900,814.80. Following the completion of the transaction, the insider now owns 5,811 shares of the company’s stock, valued at $3,194,190.48. This represents a 64.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,715 shares of company stock valued at $11,983,436 over the last three months. 0.73% of the stock is currently owned by corporate insiders.

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.