Czech National Bank Has $11.20 Million Stock Holdings in Ameriprise Financial, Inc. (NYSE:AMP)

Czech National Bank boosted its position in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 5.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,035 shares of the financial services provider’s stock after purchasing an additional 1,033 shares during the period. Czech National Bank’s holdings in Ameriprise Financial were worth $11,200,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Hilltop National Bank increased its holdings in shares of Ameriprise Financial by 2.6% during the fourth quarter. Hilltop National Bank now owns 5,047 shares of the financial services provider’s stock worth $2,687,000 after buying an additional 128 shares in the last quarter. ST Germain D J Co. Inc. increased its holdings in Ameriprise Financial by 30.7% during the 4th quarter. ST Germain D J Co. Inc. now owns 1,427 shares of the financial services provider’s stock valued at $760,000 after purchasing an additional 335 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Ameriprise Financial by 0.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 32,363 shares of the financial services provider’s stock valued at $17,231,000 after purchasing an additional 126 shares during the last quarter. One Wealth Capital Management LLC acquired a new position in Ameriprise Financial in the fourth quarter worth $372,000. Finally, Oliver Luxxe Assets LLC grew its holdings in shares of Ameriprise Financial by 19.0% during the fourth quarter. Oliver Luxxe Assets LLC now owns 1,202 shares of the financial services provider’s stock worth $640,000 after purchasing an additional 192 shares during the last quarter. 83.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AMP has been the subject of a number of research analyst reports. The Goldman Sachs Group cut Ameriprise Financial from a “buy” rating to a “neutral” rating and cut their price target for the company from $485.00 to $476.00 in a report on Thursday, September 26th. Royal Bank of Canada upped their target price on shares of Ameriprise Financial from $535.00 to $550.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods lowered their price target on shares of Ameriprise Financial from $565.00 to $560.00 and set a “market perform” rating for the company in a report on Friday. UBS Group downgraded Ameriprise Financial from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $580.00 to $570.00 in a report on Monday, January 6th. Finally, Morgan Stanley lifted their target price on Ameriprise Financial from $440.00 to $502.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. 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 company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $494.89.

Insiders Place Their Bets

In related news, insider Gumer Alvero sold 2,325 shares of the company’s stock in a transaction on 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 completion of the sale, the insider now owns 4,669 shares in the company, valued at $2,409,437.45. This represents a 33.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Walter Stanley Berman sold 8,655 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $564.16, for a total value of $4,882,804.80. Following the completion of the transaction, the chief financial officer now directly owns 6,409 shares of the company’s stock, valued at approximately $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. Over the last quarter, insiders have sold 21,715 shares of company stock worth $11,983,436. Insiders own 0.73% of the company’s stock.

Ameriprise Financial Stock Performance

AMP stock opened at $518.27 on Tuesday. Ameriprise Financial, Inc. has a twelve month low of $368.41 and a twelve month high of $577.00. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.99. The company has a market cap of $50.28 billion, a P/E ratio of 19.90, a price-to-earnings-growth ratio of 0.96 and a beta of 1.36. The business’s fifty day moving average is $548.79 and its 200-day moving average is $486.65.

Ameriprise Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a $1.48 dividend. This represents a $5.92 annualized dividend and a yield of 1.14%. The ex-dividend date was Monday, November 4th. Ameriprise Financial’s payout ratio is 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.