Ameriprise Financial, Inc. (NYSE:AMP) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC increased its holdings in Ameriprise Financial, Inc. (NYSE:AMP) by 1.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,232 shares of the financial services provider’s stock after acquiring an additional 37 shares during the quarter. Tidal Investments LLC’s holdings in Ameriprise Financial were worth $1,518,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. DiNuzzo Private Wealth Inc. increased its holdings in shares of Ameriprise Financial by 268.8% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 59 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 43 shares during the period. Mascoma Wealth Management LLC increased its holdings in shares of Ameriprise Financial by 153.8% in the 2nd quarter. Mascoma Wealth Management LLC now owns 66 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 40 shares during the period. Oakworth Capital Inc. acquired a new position in shares of Ameriprise Financial in the 3rd quarter valued at $31,000. Hantz Financial Services Inc. acquired a new position in shares of Ameriprise Financial in the 2nd quarter valued at $29,000. Finally, Country Trust Bank increased its holdings in shares of Ameriprise Financial by 213.6% in the 3rd quarter. Country Trust Bank now owns 69 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 47 shares during the period. 83.95% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Joseph Edward Sweeney sold 10,735 shares of the business’s stock in a transaction dated 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 sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gumer Alvero sold 2,325 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was 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 in the company, valued at $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. In the last ninety days, insiders have sold 21,715 shares of company stock worth $11,983,436. Corporate insiders own 0.96% of the company’s stock.

Ameriprise Financial Price Performance

Shares of NYSE AMP opened at $541.86 on Wednesday. The firm has a market capitalization of $52.57 billion, a P/E ratio of 20.80, a PEG ratio of 0.96 and a beta of 1.34. Ameriprise Financial, Inc. has a one year low of $368.41 and a one year high of $577.00. The company’s fifty day moving average is $540.96 and its two-hundred day moving average is $473.30. 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 business 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. The ex-dividend date was Monday, November 4th. This represents a $5.92 annualized dividend and a dividend yield of 1.09%. Ameriprise Financial’s payout ratio is currently 22.73%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Keefe, Bruyette & Woods boosted 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 note on Tuesday, October 29th. Morgan Stanley boosted 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. UBS Group boosted their price objective on shares of Ameriprise Financial from $490.00 to $555.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. The Goldman Sachs Group cut shares of 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 note on Thursday, September 26th. Finally, Royal Bank of Canada boosted their price objective on shares of Ameriprise Financial from $535.00 to $550.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. One equities research 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’s stock. Based on data from MarketBeat, Ameriprise Financial has an average rating of “Hold” and a consensus price target of $487.67.

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.