Silvia Mccoll Wealth Management LLC Buys New Holdings in Ameriprise Financial, Inc. (NYSE:AMP)

Silvia Mccoll Wealth Management LLC purchased a new stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 418 shares of the financial services provider’s stock, valued at approximately $223,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMP. Oakworth Capital Inc. bought a new position in shares of Ameriprise Financial during the third quarter valued at about $31,000. Country Trust Bank lifted its position in shares of Ameriprise Financial by 213.6% during the 3rd quarter. Country Trust Bank now owns 69 shares of the financial services provider’s stock worth $32,000 after buying an additional 47 shares in the last quarter. Peterson Financial Group Inc. purchased a new position in shares of Ameriprise Financial in the 3rd quarter worth approximately $45,000. Friedenthal Financial bought a new position in shares of Ameriprise Financial in the fourth quarter valued at approximately $58,000. Finally, Trifecta Capital Advisors LLC lifted its holdings in Ameriprise Financial by 31.4% during the third quarter. Trifecta Capital Advisors LLC now owns 138 shares of the financial services provider’s stock worth $65,000 after acquiring an additional 33 shares during the period. 83.95% of the stock is owned by institutional investors.

Insider Activity

In other news, 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 directly owns 4,669 shares of the company’s stock, valued at approximately $2,409,437.45. This represents a 33.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Walter Stanley Berman sold 8,655 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $564.16, for a total value of $4,882,804.80. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,715 shares of company stock worth $11,983,436. 0.73% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. UBS Group lowered Ameriprise Financial from a “buy” rating to a “neutral” rating and decreased their target price for the company from $580.00 to $570.00 in a research report on Monday, January 6th. The Goldman Sachs Group downgraded shares of 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 report on Thursday, September 26th. Keefe, Bruyette & Woods dropped their target price on shares of Ameriprise Financial from $565.00 to $560.00 and set a “market perform” rating on the stock in a research note on Friday, January 10th. Morgan Stanley raised their price target on shares of Ameriprise Financial from $440.00 to $502.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Finally, Royal Bank of Canada upped their price objective on Ameriprise Financial from $535.00 to $550.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $494.89.

Ameriprise Financial Price Performance

Shares of AMP traded up $12.67 during midday trading on Wednesday, hitting $539.34. 30,724 shares of the company traded hands, compared to its average volume of 367,164. The stock has a 50-day moving average of $549.04 and a 200-day moving average of $487.35. The firm has a market cap of $52.32 billion, a P/E ratio of 20.70, a PEG ratio of 0.96 and a beta of 1.36. 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 one year low of $368.41 and a one year high of $577.00.

Ameriprise Financial Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Monday, November 4th. Ameriprise Financial’s payout ratio 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.