US Bancorp DE Has $44.56 Million Position in Ameriprise Financial, Inc. (NYSE:AMP)

US Bancorp DE increased its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 2.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,843 shares of the financial services provider’s stock after purchasing an additional 2,064 shares during the quarter. US Bancorp DE owned approximately 0.10% of Ameriprise Financial worth $44,559,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. First Trust Direct Indexing L.P. increased its holdings in shares of Ameriprise Financial by 23.3% during the third quarter. First Trust Direct Indexing L.P. now owns 5,013 shares of the financial services provider’s stock worth $2,355,000 after buying an additional 947 shares in the last quarter. Valmark Advisers Inc. grew its holdings in shares of Ameriprise Financial by 45.8% during the third quarter. Valmark Advisers Inc. now owns 856 shares of the financial services provider’s stock worth $402,000 after purchasing an additional 269 shares during the last quarter. abrdn plc increased its stake in shares of Ameriprise Financial by 7.7% in the third quarter. abrdn plc now owns 91,204 shares of the financial services provider’s stock valued at $42,610,000 after buying an additional 6,544 shares during the period. Smith Group Asset Management LLC raised its holdings in Ameriprise Financial by 3.0% in the 3rd quarter. Smith Group Asset Management LLC now owns 69,601 shares of the financial services provider’s stock valued at $32,699,000 after buying an additional 2,034 shares during the last quarter. Finally, Orrstown Financial Services Inc. bought a new stake in Ameriprise Financial during the 3rd quarter worth approximately $201,000. Institutional investors own 83.95% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity at Ameriprise Financial

In other Ameriprise Financial news, VP William Davies sold 8,700 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $442.07, for a total value of $3,846,009.00. Following the completion of the sale, the vice president now owns 13,199 shares of the company’s stock, valued at approximately $5,834,881.93. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.96% of the stock is currently owned by corporate insiders.

Ameriprise Financial Stock Down 0.7 %

Ameriprise Financial stock opened at $510.30 on Friday. The company has a market capitalization of $50.11 billion, a PE ratio of 19.59, a PEG ratio of 0.81 and a beta of 1.35. Ameriprise Financial, Inc. has a 12-month low of $311.11 and a 12-month high of $524.89. The firm’s fifty day moving average is $473.59 and its 200 day moving average is $442.50. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.16.

Ameriprise Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be paid a $1.48 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $5.92 annualized dividend and a dividend yield of 1.16%. Ameriprise Financial’s dividend payout ratio is presently 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.