Ameriprise Financial, Inc. (NYSE:AMP) Shares Purchased by Sunflower Bank N.A.

Sunflower Bank N.A. boosted its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 4.8% in the fourth quarter, HoldingsChannel reports. The firm owned 1,042 shares of the financial services provider’s stock after buying an additional 48 shares during the period. Sunflower Bank N.A.’s holdings in Ameriprise Financial were worth $555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in AMP. Oakworth Capital Inc. acquired a new stake in Ameriprise Financial during the third quarter valued at $31,000. Country Trust Bank boosted its stake in shares of Ameriprise Financial by 213.6% during the 3rd quarter. Country Trust Bank now owns 69 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 47 shares in the last quarter. Peterson Financial Group Inc. purchased a new position in shares of Ameriprise Financial in the 3rd quarter valued at about $45,000. Friedenthal Financial purchased a new position in shares of Ameriprise Financial in the 4th quarter valued at about $58,000. Finally, Trifecta Capital Advisors LLC raised its holdings in Ameriprise Financial by 31.4% in the 3rd 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 during the period. 83.95% of the stock is owned by hedge funds and other institutional investors.

Ameriprise Financial Price Performance

NYSE AMP traded up $2.79 during trading hours on Monday, hitting $518.27. 432,376 shares of the company’s stock traded hands, compared to its average volume of 420,824. The company has a market capitalization of $50.28 billion, a PE ratio of 19.90, a PEG ratio of 0.96 and a beta of 1.36. The firm’s 50-day moving average is $548.56 and its 200-day moving average is $486.03. Ameriprise Financial, Inc. has a 52-week low of $368.41 and a 52-week high of $577.00. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend was Monday, November 4th. Ameriprise Financial’s dividend payout ratio (DPR) is presently 22.73%.

Insider Transactions at Ameriprise Financial

In other news, insider Gumer Alvero sold 2,325 shares of the stock in a transaction on 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 completion of the transaction, the insider now directly owns 4,669 shares in the company, valued at approximately $2,409,437.45. This represents a 33.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Walter Stanley Berman sold 8,655 shares of the business’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 completion of the sale, the chief financial officer now 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 have sold a total of 21,715 shares of company stock worth $11,983,436 in the last quarter. Company insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

AMP has been the topic of several research analyst reports. Royal Bank of Canada raised 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. Keefe, Bruyette & Woods dropped their price target on shares of Ameriprise Financial from $565.00 to $560.00 and set a “market perform” rating on the stock in a research note on Friday. UBS Group cut shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $580.00 to $570.00 in a research report on Monday, January 6th. The Goldman Sachs Group lowered shares of 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. Finally, Morgan Stanley upped their price target on shares of Ameriprise Financial from $440.00 to $502.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $494.89.

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.