Ameriprise Financial, Inc. (NYSE:AMP) Stock Holdings Lowered by HM Payson & Co.

HM Payson & Co. trimmed its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 3.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,570 shares of the financial services provider’s stock after selling 100 shares during the period. HM Payson & Co.’s holdings in Ameriprise Financial were worth $1,207,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC grew its holdings in shares of Ameriprise Financial by 188.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 28,658 shares of the financial services provider’s stock worth $12,565,000 after acquiring an additional 18,722 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new stake in Ameriprise Financial during the 1st quarter worth about $253,000. Norden Group LLC acquired a new position in shares of Ameriprise Financial in the first quarter worth about $3,288,000. First Trust Direct Indexing L.P. boosted its holdings in shares of Ameriprise Financial by 14.3% in the first quarter. First Trust Direct Indexing L.P. now owns 3,509 shares of the financial services provider’s stock worth $1,538,000 after buying an additional 440 shares during the period. Finally, Van ECK Associates Corp raised its holdings in shares of Ameriprise Financial by 6.9% during the first quarter. Van ECK Associates Corp now owns 18,279 shares of the financial services provider’s stock valued at $8,014,000 after acquiring an additional 1,179 shares during the period. Institutional investors and hedge funds own 83.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AMP. Royal Bank of Canada raised their price objective on shares of Ameriprise Financial from $535.00 to $550.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Keefe, Bruyette & Woods lifted their price target on Ameriprise Financial from $475.00 to $510.00 and gave the company a “market perform” rating in a report on Tuesday. Morgan Stanley increased their price objective on Ameriprise Financial from $440.00 to $502.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. The Goldman Sachs Group lowered Ameriprise Financial from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $485.00 to $476.00 in a research report on Thursday, September 26th. Finally, UBS Group increased their price target on shares of Ameriprise Financial from $490.00 to $555.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $487.67.

Insider Activity

In related news, VP William Davies sold 8,700 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $442.07, for a total transaction of $3,846,009.00. Following the completion of 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 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.96% of the company’s stock.

Ameriprise Financial Price Performance

NYSE AMP opened at $510.30 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $50.11 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 0.81 and a beta of 1.35. Ameriprise Financial, Inc. has a 12-month low of $311.11 and a 12-month high of $524.89. The company has a 50 day moving average price of $473.59 and a two-hundred day moving average price of $442.50.

Ameriprise Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be issued a dividend of $1.48 per share. The ex-dividend date is Monday, November 4th. This represents a $5.92 annualized dividend and a yield of 1.16%. Ameriprise Financial’s dividend payout ratio (DPR) is presently 22.73%.

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.