Gulf International Bank UK Ltd Has $3.62 Million Stock Position in Ameriprise Financial, Inc. (NYSE:AMP)

Gulf International Bank UK Ltd decreased its holdings in Ameriprise Financial, Inc. (NYSE:AMP) by 4.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 7,705 shares of the financial services provider’s stock after selling 368 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Ameriprise Financial were worth $3,619,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMP. QRG Capital Management Inc. boosted its position in shares of Ameriprise Financial by 8.3% during the third quarter. QRG Capital Management Inc. now owns 24,031 shares of the financial services provider’s stock valued at $11,290,000 after buying an additional 1,834 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Ameriprise Financial by 4.2% during the third quarter. Asset Management One Co. Ltd. now owns 40,058 shares of the financial services provider’s stock valued at $18,820,000 after purchasing an additional 1,600 shares in the last quarter. National Pension Service boosted its holdings in Ameriprise Financial by 12.6% during the third quarter. National Pension Service now owns 152,593 shares of the financial services provider’s stock worth $71,690,000 after purchasing an additional 17,058 shares during the last quarter. Van ECK Associates Corp grew its position in Ameriprise Financial by 11.0% in the 3rd quarter. Van ECK Associates Corp now owns 16,620 shares of the financial services provider’s stock worth $8,650,000 after purchasing an additional 1,648 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in Ameriprise Financial by 26.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 25,243 shares of the financial services provider’s stock valued at $11,859,000 after buying an additional 5,271 shares during the last quarter. 83.95% of the stock is owned by institutional investors.

Insider Activity at Ameriprise Financial

In other Ameriprise Financial news, insider Gumer Alvero sold 2,325 shares of the business’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 directly owns 4,669 shares of the company’s stock, valued at $2,409,437.45. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, VP William Davies sold 8,700 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $442.07, for a total value of $3,846,009.00. Following the transaction, the vice president now owns 13,199 shares in the company, valued at approximately $5,834,881.93. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $1,199,816.25. Following the sale, the insider now owns 4,669 shares of the company’s stock, valued at $2,409,437.45. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Keefe, Bruyette & Woods lifted their target price on Ameriprise Financial from $475.00 to $510.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. Morgan Stanley lifted their price objective on shares of Ameriprise Financial from $440.00 to $502.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. The Goldman Sachs Group downgraded shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and reduced their target price for the company from $485.00 to $476.00 in a research report on Thursday, September 26th. UBS Group lifted their price target on shares of Ameriprise Financial from $490.00 to $555.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, Royal Bank of Canada increased their price objective on Ameriprise Financial from $535.00 to $550.00 and gave the company an “outperform” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Ameriprise Financial has a consensus rating of “Hold” and an average price target of $487.67.

Ameriprise Financial Stock Up 1.5 %

Shares of AMP opened at $513.95 on Wednesday. Ameriprise Financial, Inc. has a 1 year low of $329.16 and a 1 year high of $524.89. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.65 and a quick ratio of 0.59. The stock has a 50 day simple moving average of $477.73 and a two-hundred day simple moving average of $444.96. The firm has a market cap of $50.46 billion, a P/E ratio of 19.73, a P/E/G ratio of 0.88 and a beta of 1.34.

Ameriprise Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be paid a $1.48 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.15%. Ameriprise Financial’s dividend payout ratio (DPR) is 22.73%.

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.