Douglass Winthrop Advisors LLC Trims Stock Position in Ameriprise Financial, Inc. (NYSE:AMP)

Douglass Winthrop Advisors LLC lowered its position in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 2.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,962 shares of the financial services provider’s stock after selling 55 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in Ameriprise Financial were worth $922,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of AMP. Daiwa Securities Group Inc. lifted its holdings in shares of Ameriprise Financial by 0.7% in the 3rd quarter. Daiwa Securities Group Inc. now owns 12,081 shares of the financial services provider’s stock valued at $5,676,000 after buying an additional 85 shares during the period. Summit Trail Advisors LLC lifted its holdings in shares of Ameriprise Financial by 29.7% in the third quarter. Summit Trail Advisors LLC now owns 825 shares of the financial services provider’s stock valued at $387,000 after purchasing an additional 189 shares in the last quarter. Westfield Capital Management Co. LP lifted its stake in Ameriprise Financial by 1.8% in the 3rd quarter. Westfield Capital Management Co. LP now owns 20,968 shares of the financial services provider’s stock valued at $9,851,000 after buying an additional 362 shares in the last quarter. Larson Financial Group LLC boosted its stake in shares of Ameriprise Financial by 15.6% during the third quarter. Larson Financial Group LLC now owns 1,329 shares of the financial services provider’s stock valued at $625,000 after acquiring an additional 179 shares during the last quarter. Finally, Kingsview Wealth Management LLC boosted its stake in shares of Ameriprise Financial by 1.7% during the 3rd quarter. Kingsview Wealth Management LLC now owns 2,857 shares of the financial services provider’s stock worth $1,342,000 after purchasing an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Insider Activity at Ameriprise Financial

In related news, insider Joseph Edward Sweeney sold 10,735 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $549.68, for a total value of $5,900,814.80. Following the sale, the insider now owns 5,811 shares of the company’s stock, valued at $3,194,190.48. This trade represents a 64.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gumer Alvero sold 2,325 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now owns 4,669 shares in the company, valued at $2,409,437.45. The trade was a 33.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,415 shares of company stock valued at $15,829,445 in the last quarter. Insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

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

Ameriprise Financial Stock Performance

Ameriprise Financial stock opened at $570.67 on Tuesday. 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, Inc. has a 12 month low of $345.43 and a 12 month high of $577.00. The company has a fifty day moving average price of $512.08 and a two-hundred day moving average price of $459.29. The company has a market cap of $55.36 billion, a PE ratio of 21.91, a P/E/G ratio of 1.00 and a beta of 1.34.

Ameriprise Financial Announces Dividend

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

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.