TrinityPoint Wealth LLC Buys 129 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

TrinityPoint Wealth LLC increased its stake in Ameriprise Financial, Inc. (NYSE:AMP) by 6.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,023 shares of the financial services provider’s stock after purchasing an additional 129 shares during the quarter. TrinityPoint Wealth LLC’s holdings in Ameriprise Financial were worth $950,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. raised its holdings in Ameriprise Financial by 268.8% during the second quarter. DiNuzzo Private Wealth Inc. now owns 59 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 43 shares during the period. Accordant Advisory Group Inc bought a new stake in shares of Ameriprise Financial in the second quarter worth about $26,000. Mascoma Wealth Management LLC increased its holdings in shares of Ameriprise Financial by 153.8% in the second quarter. Mascoma Wealth Management LLC now owns 66 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 40 shares during the last quarter. Bank & Trust Co bought a new stake in shares of Ameriprise Financial in the second quarter worth about $29,000. Finally, Hantz Financial Services Inc. bought a new stake in shares of Ameriprise Financial in the second quarter worth about $29,000. 83.95% of the stock is owned by institutional investors.

Insider Transactions at Ameriprise Financial

In other Ameriprise Financial news, insider Joseph Edward Sweeney sold 10,735 shares of Ameriprise Financial stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $549.68, for a total transaction of $5,900,814.80. Following the completion of the sale, the insider now 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP William Davies sold 8,700 shares of Ameriprise Financial stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $442.07, for a total value of $3,846,009.00. Following the sale, the vice president now directly owns 13,199 shares of the company’s stock, valued at approximately $5,834,881.93. This represents a 39.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,415 shares of company stock valued at $15,829,445 in the last quarter. 0.73% of the stock is currently owned by corporate insiders.

Ameriprise Financial Stock Up 0.5 %

Ameriprise Financial stock opened at $565.15 on Tuesday. 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 has a market capitalization of $54.83 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 0.98 and a beta of 1.34. Ameriprise Financial, Inc. has a 1-year low of $343.98 and a 1-year high of $569.47. The business has a fifty day moving average price of $499.13 and a 200-day moving average price of $454.27.

Ameriprise Financial Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AMP. UBS Group lifted their target price on Ameriprise Financial from $490.00 to $555.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. 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 lifted their price target on Ameriprise Financial from $535.00 to $550.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Morgan Stanley boosted 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. Finally, The Goldman Sachs Group lowered Ameriprise Financial from a “buy” rating to a “neutral” rating and dropped their target price for the company from $485.00 to $476.00 in a research report on Thursday, September 26th. One 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’s stock. According to data from MarketBeat, Ameriprise Financial has a consensus rating of “Hold” and an average target price of $487.67.

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.