Ameriprise Financial, Inc. (NYSE:AMP) Shares Purchased by UMB Bank n.a.

UMB Bank n.a. raised its position in Ameriprise Financial, Inc. (NYSE:AMP) by 3.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,098 shares of the financial services provider’s stock after buying an additional 92 shares during the quarter. UMB Bank n.a.’s holdings in Ameriprise Financial were worth $1,649,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. M.E. Allison & CO. Inc. acquired a new position in shares of Ameriprise Financial during the fourth quarter worth about $375,000. Grove Bank & Trust boosted its holdings in Ameriprise Financial by 4.9% in the 4th quarter. Grove Bank & Trust now owns 811 shares of the financial services provider’s stock valued at $432,000 after purchasing an additional 38 shares in the last quarter. McElhenny Sheffield Capital Management LLC acquired a new position in Ameriprise Financial during the 4th quarter worth approximately $530,000. Kelly Financial Services LLC raised its stake in shares of Ameriprise Financial by 7.0% during the 4th quarter. Kelly Financial Services LLC now owns 614 shares of the financial services provider’s stock worth $327,000 after buying an additional 40 shares in the last quarter. Finally, Oak Ridge Investments LLC acquired a new stake in shares of Ameriprise Financial in the 4th quarter valued at approximately $393,000. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. UBS Group lowered Ameriprise Financial from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $580.00 to $570.00 in a report on Monday, January 6th. The Goldman Sachs Group downgraded shares of 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. Morgan Stanley raised 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 note on Thursday, October 17th. Keefe, Bruyette & Woods lowered their target price on shares of Ameriprise Financial from $565.00 to $560.00 and set a “market perform” rating on the stock in a research report on Friday, January 10th. Finally, Royal Bank of Canada lifted their price target 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 equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Ameriprise Financial has a consensus rating of “Hold” and a consensus target price of $494.89.

Insider Transactions at Ameriprise Financial

In other news, CFO Walter Stanley Berman sold 8,655 shares of Ameriprise Financial stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $564.16, for a total transaction of $4,882,804.80. Following the completion of the sale, the chief financial officer now directly 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Joseph Edward Sweeney sold 10,735 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $549.68, for a total transaction of $5,900,814.80. Following the transaction, the insider now directly owns 5,811 shares in the company, valued at $3,194,190.48. The trade was a 64.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,715 shares of company stock valued at $11,983,436 over the last three months. 0.96% of the stock is currently owned by insiders.

Ameriprise Financial Stock Up 0.9 %

AMP stock opened at $551.61 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.65 and a quick ratio of 0.65. Ameriprise Financial, Inc. has a 12 month low of $369.29 and a 12 month high of $577.00. The firm has a market capitalization of $53.51 billion, a PE ratio of 21.18, a P/E/G ratio of 0.78 and a beta of 1.36. The company’s 50 day simple moving average is $548.42 and its 200-day simple moving average is $489.76.

Ameriprise Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were issued a $1.48 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.07%. Ameriprise Financial’s dividend payout ratio (DPR) is 22.73%.

About Ameriprise Financial

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.