Ameriprise Financial, Inc. (NYSE:AMP) Insider Gumer Alvero Sells 2,325 Shares

Ameriprise Financial, Inc. (NYSE:AMP) insider Gumer Alvero sold 2,325 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $516.05, for a total value of $1,199,816.25. Following the transaction, the insider now owns 4,669 shares in the company, valued at approximately $2,409,437.45. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Ameriprise Financial Stock Performance

AMP stock opened at $506.59 on Tuesday. The stock has a 50-day moving average price of $476.24 and a 200-day moving average price of $444.28. Ameriprise Financial, Inc. has a 1-year low of $329.16 and a 1-year high of $524.89. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 0.99. The firm has a market cap of $49.74 billion, a PE ratio of 19.45, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34.

Ameriprise Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be given a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Monday, November 4th. Ameriprise Financial’s dividend payout ratio (DPR) is presently 22.73%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Empirical Finance LLC raised its position in shares of Ameriprise Financial by 3.0% in the 1st quarter. Empirical Finance LLC now owns 3,896 shares of the financial services provider’s stock worth $1,708,000 after acquiring an additional 113 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in Ameriprise Financial by 7.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 118,211 shares of the financial services provider’s stock worth $51,828,000 after buying an additional 8,693 shares during the period. BDF Gestion acquired a new position in Ameriprise Financial during the 2nd quarter worth approximately $2,836,000. Janney Montgomery Scott LLC raised its stake in Ameriprise Financial by 12.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 18,797 shares of the financial services provider’s stock worth $8,242,000 after buying an additional 2,139 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Ameriprise Financial during the 1st quarter worth approximately $570,000. 83.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AMP has been the topic of a number of recent research reports. UBS Group raised their price objective on Ameriprise Financial from $490.00 to $555.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Morgan Stanley raised their price objective on Ameriprise Financial from $440.00 to $502.00 and gave the company 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 cut their price objective for the company from $485.00 to $476.00 in a report on Thursday, September 26th. Royal Bank of Canada lifted their target price on Ameriprise Financial from $535.00 to $550.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Keefe, Bruyette & Woods lifted their target price on Ameriprise Financial from $475.00 to $510.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.