Oliver Luxxe Assets LLC Has $640,000 Stock Holdings in Ameriprise Financial, Inc. (NYSE:AMP)

Oliver Luxxe Assets LLC raised its position in Ameriprise Financial, Inc. (NYSE:AMP) by 19.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,202 shares of the financial services provider’s stock after purchasing an additional 192 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Ameriprise Financial were worth $640,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. CWA Asset Management Group LLC purchased a new stake in shares of Ameriprise Financial in the fourth quarter worth approximately $204,000. Pensionfund Sabic increased its stake in shares of Ameriprise Financial by 23.3% during the 4th quarter. Pensionfund Sabic now owns 3,700 shares of the financial services provider’s stock worth $1,970,000 after purchasing an additional 700 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Ameriprise Financial by 2.0% in the fourth quarter. Nordea Investment Management AB now owns 36,118 shares of the financial services provider’s stock valued at $19,232,000 after purchasing an additional 712 shares during the period. GAMMA Investing LLC raised its holdings in Ameriprise Financial by 4.4% during the 4th quarter. GAMMA Investing LLC now owns 4,284 shares of the financial services provider’s stock valued at $2,281,000 after acquiring an additional 182 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in shares of Ameriprise Financial by 240.5% in the fourth quarter. Versant Capital Management Inc now owns 143 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 101 shares during the period. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Ameriprise Financial Stock Down 1.0 %

Shares of NYSE AMP opened at $530.35 on Tuesday. Ameriprise Financial, Inc. has a 52-week low of $368.41 and a 52-week high of $577.00. The firm has a market capitalization of $51.45 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 0.96 and a beta of 1.36. The stock has a 50 day moving average price of $547.26 and a 200 day moving average price of $483.50. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.65 and a current ratio of 0.65.

Ameriprise Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were given a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date was Monday, November 4th. Ameriprise Financial’s dividend payout ratio (DPR) is 22.73%.

Insider Activity at Ameriprise Financial

In other Ameriprise Financial news, CFO Walter Stanley Berman sold 8,655 shares of Ameriprise Financial 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 transaction, the chief financial officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gumer Alvero sold 2,325 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now owns 4,669 shares of the company’s stock, valued at approximately $2,409,437.45. This trade represents a 33.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,715 shares of company stock valued at $11,983,436 over the last ninety days. 0.73% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AMP shares. Keefe, Bruyette & Woods increased their price objective on Ameriprise Financial from $475.00 to $510.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Morgan Stanley upped their price target on Ameriprise Financial from $440.00 to $502.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. UBS Group cut Ameriprise Financial from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $580.00 to $570.00 in a research report on Monday. The Goldman Sachs Group cut Ameriprise Financial from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $485.00 to $476.00 in a research report on Thursday, September 26th. Finally, Royal Bank of Canada boosted 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $489.33.

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.