Ameriprise Financial, Inc. (NYSE:AMP) Shares Bought by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. raised its position in Ameriprise Financial, Inc. (NYSE:AMP) by 784.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,955 shares of the financial services provider’s stock after acquiring an additional 2,621 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Ameriprise Financial were worth $1,388,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Tidal Investments LLC lifted its holdings in shares of Ameriprise Financial by 9.3% in the 1st quarter. Tidal Investments LLC now owns 3,153 shares of the financial services provider’s stock worth $1,382,000 after acquiring an additional 268 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Ameriprise Financial by 335.6% in the 1st quarter. Cetera Investment Advisers now owns 34,321 shares of the financial services provider’s stock worth $15,048,000 after acquiring an additional 26,442 shares during the last quarter. Cetera Advisors LLC lifted its holdings in shares of Ameriprise Financial by 55.6% in the 1st quarter. Cetera Advisors LLC now owns 10,900 shares of the financial services provider’s stock worth $4,779,000 after acquiring an additional 3,895 shares during the last quarter. DNB Asset Management AS lifted its holdings in shares of Ameriprise Financial by 4.8% in the 2nd quarter. DNB Asset Management AS now owns 17,276 shares of the financial services provider’s stock worth $7,380,000 after acquiring an additional 796 shares during the last quarter. Finally, Bank & Trust Co acquired a new position in shares of Ameriprise Financial in the 2nd quarter worth approximately $29,000. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Ameriprise Financial Price Performance

Shares of NYSE:AMP opened at $573.97 on Monday. The company’s fifty day moving average price is $521.35 and its 200 day moving average price is $463.17. Ameriprise Financial, Inc. has a 12 month low of $347.74 and a 12 month high of $577.00. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market capitalization of $55.68 billion, a P/E ratio of 22.03, a P/E/G ratio of 1.00 and a beta of 1.34.

Ameriprise Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were paid a dividend of $1.48 per share. The ex-dividend date was Monday, November 4th. This represents a $5.92 annualized dividend and a yield of 1.03%. Ameriprise Financial’s dividend payout ratio is currently 22.73%.

Analyst Ratings Changes

A number of research firms have issued reports on AMP. The Goldman Sachs Group lowered shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $485.00 to $476.00 in a report on Thursday, September 26th. UBS Group increased their price objective on shares of Ameriprise Financial from $490.00 to $555.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Morgan Stanley increased 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. Keefe, Bruyette & Woods increased 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. Finally, Royal Bank of Canada increased their price objective 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, five have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, Ameriprise Financial has an average rating of “Hold” and an average price target of $487.67.

Insider Buying and Selling

In other Ameriprise Financial news, insider Joseph Edward Sweeney sold 10,735 shares of Ameriprise Financial stock in a transaction on Friday, November 8th. The shares were sold at an average price of $549.68, for a total value of $5,900,814.80. Following the transaction, the insider now directly owns 5,811 shares in the company, valued at approximately $3,194,190.48. The trade was a 64.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gumer Alvero sold 2,325 shares of Ameriprise Financial stock in a transaction 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 transaction, the insider now owns 4,669 shares in the company, valued at approximately $2,409,437.45. This represents a 33.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,715 shares of company stock worth $11,983,436 in the last ninety days. 0.73% of the stock is owned by corporate insiders.

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.