Emprise Bank Sells 142 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Emprise Bank lowered its position in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 17.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 650 shares of the financial services provider’s stock after selling 142 shares during the quarter. Emprise Bank’s holdings in Ameriprise Financial were worth $346,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Bridgewater Associates LP lifted its position in shares of Ameriprise Financial by 97.8% during the 3rd quarter. Bridgewater Associates LP now owns 50,510 shares of the financial services provider’s stock worth $23,730,000 after buying an additional 24,968 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Ameriprise Financial by 19.9% during the 3rd quarter. Empowered Funds LLC now owns 8,021 shares of the financial services provider’s stock worth $3,768,000 after buying an additional 1,329 shares in the last quarter. SpiderRock Advisors LLC lifted its position in shares of Ameriprise Financial by 136.3% during the 3rd quarter. SpiderRock Advisors LLC now owns 3,237 shares of the financial services provider’s stock worth $1,521,000 after buying an additional 1,867 shares in the last quarter. Aljian Capital Management LLC bought a new position in shares of Ameriprise Financial during the 3rd quarter worth approximately $458,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Ameriprise Financial by 6.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,618 shares of the financial services provider’s stock worth $8,725,000 after purchasing an additional 1,191 shares during the period. Institutional investors own 83.95% of the company’s stock.

Insider Activity

In other news, CFO Walter Stanley Berman sold 8,655 shares of the business’s stock in a transaction on Monday, November 11th. The shares were 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 directly owns 6,409 shares in the company, valued at $3,615,701.44. The trade was a 57.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph Edward Sweeney sold 10,735 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $549.68, for a total transaction of $5,900,814.80. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,715 shares of company stock worth $11,983,436 in the last three months. Corporate insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. UBS Group cut shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $580.00 to $570.00 in a report on Monday, January 6th. Keefe, Bruyette & Woods lowered their price target on shares of Ameriprise Financial from $565.00 to $560.00 and set a “market perform” rating on the stock in a report on Friday. Morgan Stanley lifted their price target on shares of Ameriprise Financial from $440.00 to $502.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Royal Bank of Canada lifted their price target 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. Finally, The Goldman Sachs Group cut shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $485.00 to $476.00 in a report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $494.89.

Ameriprise Financial Stock Performance

Ameriprise Financial stock traded down $1.76 during mid-day trading on Monday, reaching $513.72. The company’s stock had a trading volume of 81,943 shares, compared to its average volume of 370,445. Ameriprise Financial, Inc. has a 12-month low of $368.41 and a 12-month high of $577.00. The company has a market capitalization of $49.84 billion, a P/E ratio of 19.72, a PEG ratio of 0.96 and a beta of 1.36. 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 firm’s fifty day moving average price is $548.56 and its two-hundred day moving average price is $486.03.

Ameriprise Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were given a dividend of $1.48 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.15%. Ameriprise Financial’s dividend payout ratio (DPR) is currently 22.73%.

Ameriprise Financial 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.