Ameriprise Financial, Inc. (NYSE:AMP) Shares Acquired by Bridgewater Associates LP

Bridgewater Associates LP raised its position in Ameriprise Financial, Inc. (NYSE:AMP) by 97.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,510 shares of the financial services provider’s stock after acquiring an additional 24,968 shares during the quarter. Bridgewater Associates LP owned approximately 0.05% of Ameriprise Financial worth $23,730,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cynosure Group LLC acquired a new position in Ameriprise Financial in the third quarter valued at approximately $206,000. Townsquare Capital LLC lifted its position in shares of Ameriprise Financial by 8.0% during the 3rd quarter. Townsquare Capital LLC now owns 7,047 shares of the financial services provider’s stock worth $3,311,000 after buying an additional 520 shares during the last quarter. Brooklyn Investment Group boosted its holdings in shares of Ameriprise Financial by 7.5% in the 3rd quarter. Brooklyn Investment Group now owns 933 shares of the financial services provider’s stock valued at $438,000 after buying an additional 65 shares in the last quarter. D.A. Davidson & CO. grew its position in shares of Ameriprise Financial by 1.1% in the 3rd quarter. D.A. Davidson & CO. now owns 4,491 shares of the financial services provider’s stock valued at $2,110,000 after buying an additional 47 shares during the last quarter. Finally, Dai ichi Life Insurance Company Ltd raised its stake in Ameriprise Financial by 369.5% during the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 3,812 shares of the financial services provider’s stock worth $1,791,000 after acquiring an additional 3,000 shares in the last quarter. Institutional investors and hedge funds own 83.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AMP. Keefe, Bruyette & Woods upped their price objective on shares of Ameriprise Financial from $475.00 to $510.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. Morgan Stanley boosted their price target on Ameriprise Financial from $440.00 to $502.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. The Goldman Sachs Group cut Ameriprise Financial from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $485.00 to $476.00 in a research report on Thursday, September 26th. UBS Group boosted their target price on Ameriprise Financial from $490.00 to $555.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, Royal Bank of Canada upped their price target on Ameriprise Financial from $535.00 to $550.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $487.67.

Insider Buying and Selling

In other news, CFO Walter Stanley Berman sold 8,655 shares of Ameriprise Financial stock in a transaction on 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 transaction, the chief financial officer now owns 6,409 shares of the company’s stock, valued at $3,615,701.44. The trade was a 57.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Joseph Edward Sweeney sold 10,735 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $549.68, for a total transaction of $5,900,814.80. Following the completion of the sale, the insider now owns 5,811 shares in the company, valued at $3,194,190.48. This represents a 64.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,415 shares of company stock valued at $15,829,445. Corporate insiders own 0.96% of the company’s stock.

Ameriprise Financial Trading Down 0.4 %

NYSE:AMP opened at $571.89 on Thursday. The stock has a market capitalization of $55.48 billion, a price-to-earnings ratio of 21.95, a PEG ratio of 0.99 and a beta of 1.34. Ameriprise Financial, Inc. has a 1 year low of $345.43 and a 1 year high of $577.00. The stock has a fifty day moving average price of $516.92 and a two-hundred day moving average price of $461.06. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.65 and a current ratio of 0.65.

Ameriprise Financial Announces Dividend

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 $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend was Monday, November 4th. Ameriprise Financial’s dividend payout ratio (DPR) is 22.73%.

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.