Ameriprise Financial, Inc. (NYSE:AMP) Shares Sold by First Hawaiian Bank

First Hawaiian Bank decreased its position in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 7.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,276 shares of the financial services provider’s stock after selling 506 shares during the period. First Hawaiian Bank’s holdings in Ameriprise Financial were worth $3,342,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AMP. One Wealth Capital Management LLC purchased a new position in shares of Ameriprise Financial in the fourth quarter valued at approximately $372,000. Oliver Luxxe Assets LLC boosted its position in Ameriprise Financial by 19.0% in the 4th quarter. Oliver Luxxe Assets LLC now owns 1,202 shares of the financial services provider’s stock valued at $640,000 after buying an additional 192 shares during the period. CWA Asset Management Group LLC acquired a new position in shares of Ameriprise Financial in the fourth quarter worth $204,000. Pensionfund Sabic increased its position in shares of Ameriprise Financial by 23.3% during the fourth quarter. Pensionfund Sabic now owns 3,700 shares of the financial services provider’s stock worth $1,970,000 after acquiring an additional 700 shares during the period. Finally, Nordea Investment Management AB raised its stake in shares of Ameriprise Financial by 2.0% in the fourth quarter. Nordea Investment Management AB now owns 36,118 shares of the financial services provider’s stock valued at $19,232,000 after acquiring an additional 712 shares in the last quarter. 83.95% of the stock is currently owned by hedge funds and other institutional investors.

Ameriprise Financial Stock Performance

Shares of Ameriprise Financial stock traded up $5.52 during trading on Wednesday, reaching $534.35. The company’s stock had a trading volume of 539,957 shares, compared to its average volume of 411,779. The firm has a market cap of $51.84 billion, a PE ratio of 20.51, a P/E/G ratio of 0.96 and a beta of 1.36. The company has a 50-day moving average price of $547.49 and a two-hundred day moving average price of $484.11. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.99. Ameriprise Financial, Inc. has a fifty-two week low of $368.41 and a fifty-two week high of $577.00.

Ameriprise Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend was Monday, November 4th. Ameriprise Financial’s dividend payout ratio is currently 22.73%.

Analyst Ratings Changes

Several brokerages have weighed in on AMP. Keefe, Bruyette & Woods upped their price target on Ameriprise Financial from $475.00 to $510.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. UBS Group lowered Ameriprise Financial from a “buy” rating to a “neutral” rating and dropped their target price for the company from $580.00 to $570.00 in a report on Monday. Morgan Stanley lifted their price target on Ameriprise Financial from $440.00 to $502.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. The Goldman Sachs Group downgraded Ameriprise Financial from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $485.00 to $476.00 in a report on Thursday, September 26th. Finally, 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 report on Friday, October 25th. One investment 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.com, Ameriprise Financial has a consensus rating of “Hold” and a consensus target price of $489.33.

Insider Buying and Selling at Ameriprise Financial

In related news, CFO Walter Stanley Berman sold 8,655 shares of Ameriprise Financial stock in a transaction dated Monday, November 11th. The stock was 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gumer Alvero sold 2,325 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were 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 owns 4,669 shares in the company, valued at approximately $2,409,437.45. This trade represents a 33.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,715 shares of company stock worth $11,983,436. 0.73% of the stock is currently owned by insiders.

About Ameriprise Financial

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.