Principal Financial Group Inc. Sells 11,016 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Principal Financial Group Inc. lowered its stake in Ameriprise Financial, Inc. (NYSE:AMP) by 3.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 308,646 shares of the financial services provider’s stock after selling 11,016 shares during the quarter. Principal Financial Group Inc. owned about 0.31% of Ameriprise Financial worth $145,005,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Montecito Bank & Trust raised its stake in Ameriprise Financial by 35.0% during the 3rd quarter. Montecito Bank & Trust now owns 5,241 shares of the financial services provider’s stock worth $2,462,000 after acquiring an additional 1,358 shares during the period. Graypoint LLC increased its stake in shares of Ameriprise Financial by 1.9% in the third quarter. Graypoint LLC now owns 2,835 shares of the financial services provider’s stock worth $1,332,000 after purchasing an additional 54 shares in the last quarter. Radnor Capital Management LLC raised its position in shares of Ameriprise Financial by 2.9% during the 3rd quarter. Radnor Capital Management LLC now owns 7,042 shares of the financial services provider’s stock valued at $3,308,000 after purchasing an additional 200 shares during the period. Catalina Capital Group LLC lifted its stake in shares of Ameriprise Financial by 9.5% during the 3rd quarter. Catalina Capital Group LLC now owns 772 shares of the financial services provider’s stock valued at $363,000 after buying an additional 67 shares in the last quarter. Finally, NorthRock Partners LLC increased its stake in Ameriprise Financial by 0.7% in the 3rd quarter. NorthRock Partners LLC now owns 20,115 shares of the financial services provider’s stock worth $9,450,000 after buying an additional 147 shares in the last quarter. Institutional investors own 83.95% of the company’s stock.

Ameriprise Financial Stock Up 0.8 %

AMP opened at $552.01 on Friday. Ameriprise Financial, Inc. has a one year low of $330.51 and a one year high of $569.47. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.59 and a current ratio of 0.65. The business’s fifty day moving average is $484.45 and its two-hundred day moving average is $447.43. The company has a market cap of $53.55 billion, a price-to-earnings ratio of 21.19, a PEG ratio of 0.88 and a beta of 1.34.

Ameriprise Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be paid a $1.48 dividend. The ex-dividend date is Monday, November 4th. This represents a $5.92 annualized dividend and a yield of 1.07%. Ameriprise Financial’s payout ratio is currently 22.73%.

Insider Activity at Ameriprise Financial

In related news, insider Gumer Alvero sold 2,325 shares of Ameriprise Financial stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $516.05, for a total value of $1,199,816.25. Following the transaction, the insider now owns 4,669 shares in the company, valued at approximately $2,409,437.45. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP William Davies sold 8,700 shares of the business’s stock in a transaction dated 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 directly owns 13,199 shares of the company’s stock, valued at $5,834,881.93. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Gumer Alvero sold 2,325 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $516.05, for a total transaction of $1,199,816.25. Following the sale, the insider now directly owns 4,669 shares in the company, valued at $2,409,437.45. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AMP shares. Morgan Stanley lifted their price objective 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. Royal Bank of Canada upped their target price on shares of Ameriprise Financial from $535.00 to $550.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods boosted 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 report on Tuesday, October 29th. UBS Group upped their target price on shares of Ameriprise Financial from $490.00 to $555.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Finally, The Goldman Sachs Group lowered Ameriprise Financial from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $485.00 to $476.00 in a report on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $487.67.

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.