OneDigital Investment Advisors LLC Purchases 26 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

OneDigital Investment Advisors LLC lifted its position in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 0.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,513 shares of the financial services provider’s stock after buying an additional 26 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Ameriprise Financial were worth $1,650,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AMP. BDF Gestion bought a new position in Ameriprise Financial during the 2nd quarter worth about $2,836,000. Capital World Investors increased its holdings in Ameriprise Financial by 95.0% during the first quarter. Capital World Investors now owns 67,606 shares of the financial services provider’s stock valued at $29,641,000 after buying an additional 32,930 shares during the period. Cetera Investment Advisers increased its holdings in Ameriprise Financial by 335.6% during the first 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. Wealth Enhancement Advisory Services LLC raised its stake in Ameriprise Financial by 23.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 29,529 shares of the financial services provider’s stock worth $12,615,000 after buying an additional 5,692 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in Ameriprise Financial by 390.2% during the second quarter. Assenagon Asset Management S.A. now owns 57,060 shares of the financial services provider’s stock worth $24,375,000 after buying an additional 45,420 shares during the period. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Wall Street Analyst Weigh In

AMP has been the subject of several recent research reports. UBS Group boosted their price target on 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 downgraded shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $485.00 to $476.00 in a report on Thursday, September 26th. Royal Bank of Canada raised their price target on shares of 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 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 note on Tuesday, October 29th. Finally, Morgan Stanley raised their target price on shares of 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, six have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $487.67.

Insider Buying and Selling

In other news, insider Joseph Edward Sweeney sold 10,735 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now owns 5,811 shares of the company’s stock, valued at $3,194,190.48. The trade was a 64.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Walter Stanley Berman sold 8,655 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $564.16, for a total value of $4,882,804.80. Following the sale, the chief financial officer now directly owns 6,409 shares in the company, valued at approximately $3,615,701.44. This trade represents a 57.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,415 shares of company stock valued at $15,829,445 over the last quarter. 0.73% of the stock is currently owned by company insiders.

Ameriprise Financial Price Performance

NYSE AMP opened at $562.44 on Monday. The company has a market cap of $54.56 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 0.98 and a beta of 1.34. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.65 and a quick ratio of 0.65. The stock’s fifty day moving average price is $496.55 and its 200 day moving average price is $453.22. Ameriprise Financial, Inc. has a 1 year low of $342.96 and a 1 year high of $569.47.

Ameriprise Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were paid a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Monday, November 4th. Ameriprise Financial’s payout ratio is 22.73%.

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.