Nwam LLC Sells 21 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Nwam LLC cut its position in Ameriprise Financial, Inc. (NYSE:AMP) by 4.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 502 shares of the financial services provider’s stock after selling 21 shares during the period. Nwam LLC’s holdings in Ameriprise Financial were worth $236,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Raymond James Trust N.A. lifted its position in Ameriprise Financial by 6.4% in the 3rd quarter. Raymond James Trust N.A. now owns 10,016 shares of the financial services provider’s stock valued at $4,706,000 after acquiring an additional 606 shares in the last quarter. First County Bank CT lifted its holdings in shares of Ameriprise Financial by 40.1% during the third quarter. First County Bank CT now owns 915 shares of the financial services provider’s stock valued at $430,000 after purchasing an additional 262 shares in the last quarter. Eagle Asset Management Inc. boosted its position in shares of Ameriprise Financial by 2.8% during the third quarter. Eagle Asset Management Inc. now owns 10,224 shares of the financial services provider’s stock valued at $4,803,000 after buying an additional 278 shares during the last quarter. Smithfield Trust Co increased its holdings in Ameriprise Financial by 115.3% in the 3rd quarter. Smithfield Trust Co now owns 1,729 shares of the financial services provider’s stock worth $812,000 after buying an additional 926 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in Ameriprise Financial by 33.5% in the 3rd quarter. Pacer Advisors Inc. now owns 19,067 shares of the financial services provider’s stock worth $8,958,000 after buying an additional 4,780 shares during the last quarter. Institutional investors own 83.95% of the company’s stock.

Ameriprise Financial Price Performance

NYSE AMP opened at $570.67 on Tuesday. The business’s fifty day moving average is $512.08 and its 200 day moving average is $459.29. Ameriprise Financial, Inc. has a fifty-two week low of $345.43 and a fifty-two week high of $577.00. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market capitalization of $55.36 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 1.00 and a beta of 1.34.

Ameriprise Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were paid a dividend of $1.48 per share. The ex-dividend date was Monday, November 4th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.04%. Ameriprise Financial’s dividend payout ratio (DPR) is presently 22.73%.

Insider Buying and Selling

In other news, VP William Davies sold 8,700 shares of the business’s 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 transaction, the vice president now directly owns 13,199 shares in the company, valued at $5,834,881.93. The trade was a 39.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Walter Stanley Berman sold 8,655 shares of the 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 owns 6,409 shares of the company’s stock, valued at $3,615,701.44. This represents a 57.45 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,415 shares of company stock valued at $15,829,445. 0.96% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AMP shares. The Goldman Sachs Group downgraded shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and dropped their price target for the company from $485.00 to $476.00 in a report on Thursday, September 26th. Keefe, Bruyette & Woods lifted their target price on shares of Ameriprise Financial from $475.00 to $510.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. Morgan Stanley increased their price target on Ameriprise Financial from $440.00 to $502.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. UBS Group lifted their price objective on Ameriprise Financial from $490.00 to $555.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, Royal Bank of Canada upped their price objective on Ameriprise Financial from $535.00 to $550.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target 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.