Ameriprise Financial, Inc. (NYSE:AMP) CFO Walter Stanley Berman Sells 8,655 Shares

Ameriprise Financial, Inc. (NYSE:AMP) CFO Walter Stanley Berman sold 8,655 shares of the company’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 transaction, the chief financial officer now owns 6,409 shares in the company, valued at approximately $3,615,701.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Ameriprise Financial Stock Performance

NYSE:AMP traded down $1.42 during trading hours on Wednesday, reaching $559.89. The company had a trading volume of 467,756 shares, compared to its average volume of 469,547. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.65 and a quick ratio of 0.65. Ameriprise Financial, Inc. has a 1-year low of $338.00 and a 1-year high of $569.47. The business’s 50 day moving average price is $489.13 and its 200-day moving average price is $450.11. The firm has a market cap of $54.31 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 0.97 and a beta of 1.34.

Ameriprise Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be paid a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Monday, November 4th. Ameriprise Financial’s dividend payout ratio is presently 22.73%.

Institutional Investors Weigh In On Ameriprise Financial

Several large investors have recently bought and sold shares of AMP. State Board of Administration of Florida Retirement System grew its holdings in Ameriprise Financial by 7.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 118,211 shares of the financial services provider’s stock valued at $51,828,000 after buying an additional 8,693 shares in the last quarter. BDF Gestion acquired a new position in Ameriprise Financial in the 2nd quarter valued at about $2,836,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Ameriprise Financial in the 1st quarter valued at approximately $570,000. Capital World Investors increased its holdings in shares of Ameriprise Financial by 95.0% during the 1st quarter. Capital World Investors now owns 67,606 shares of the financial services provider’s stock worth $29,641,000 after buying an additional 32,930 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in shares of Ameriprise Financial by 335.6% during the 1st quarter. Cetera Investment Advisers now owns 34,321 shares of the financial services provider’s stock valued at $15,048,000 after buying an additional 26,442 shares during the period. 83.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on AMP shares. UBS Group upped their price target on shares of Ameriprise Financial from $490.00 to $555.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. 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 report on Thursday, October 17th. Keefe, Bruyette & Woods lifted their price target on Ameriprise Financial from $475.00 to $510.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. Royal Bank of Canada increased their price objective on Ameriprise Financial from $535.00 to $550.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, The Goldman Sachs Group downgraded Ameriprise Financial from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $485.00 to $476.00 in a report on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $487.67.

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.