Ameriprise Financial, Inc. (NYSE:AMP) Shares Sold by Proficio Capital Partners LLC

Proficio Capital Partners LLC cut its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 30.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 466 shares of the financial services provider’s stock after selling 202 shares during the period. Proficio Capital Partners LLC’s holdings in Ameriprise Financial were worth $219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Empowered Funds LLC boosted its position in Ameriprise Financial by 13.7% during the first quarter. Empowered Funds LLC now owns 3,621 shares of the financial services provider’s stock worth $1,588,000 after purchasing an additional 436 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Ameriprise Financial in the 1st quarter valued at about $570,000. Atomi Financial Group Inc. purchased a new position in Ameriprise Financial during the first quarter worth approximately $207,000. Concurrent Investment Advisors LLC acquired a new position in shares of Ameriprise Financial during the 1st quarter valued at about $217,000. Finally, Russell Investments Group Ltd. grew its stake in shares of Ameriprise Financial by 18.4% in the 1st quarter. Russell Investments Group Ltd. now owns 110,926 shares of the financial services provider’s stock valued at $48,576,000 after buying an additional 17,276 shares during the period. 83.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AMP shares. The Goldman Sachs Group downgraded 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 report on Thursday, September 26th. Royal Bank of Canada boosted their price target on shares of Ameriprise Financial from $535.00 to $550.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Morgan Stanley boosted their price objective on Ameriprise Financial from $440.00 to $502.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods increased their target price on Ameriprise Financial from $475.00 to $510.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Finally, UBS Group lifted their price target 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Ameriprise Financial presently has an average rating of “Hold” and a consensus price target of $487.67.

Ameriprise Financial Stock Up 2.2 %

Ameriprise Financial stock opened at $564.00 on Tuesday. The stock’s 50 day moving average price is $484.45 and its 200 day moving average price is $447.96. The company has a market cap of $54.71 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 0.96 and a beta of 1.34. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.65 and a quick ratio of 0.59. Ameriprise Financial, Inc. has a 1-year low of $333.96 and a 1-year high of $569.47.

Ameriprise Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be issued a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Monday, November 4th. Ameriprise Financial’s dividend payout ratio is currently 22.73%.

Insider Transactions at Ameriprise Financial

In related news, insider Gumer Alvero sold 2,325 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 4,669 shares of the company’s stock, valued at $2,409,437.45. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Ameriprise Financial 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 value of $1,199,816.25. Following the sale, the insider now owns 4,669 shares of the company’s stock, valued at $2,409,437.45. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $3,846,009.00. Following the transaction, the vice president now directly 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 disclosure for this sale can be found here. Corporate insiders own 0.73% of the company’s stock.

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.