Nomura Asset Management Co. Ltd. Acquires 792 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Nomura Asset Management Co. Ltd. boosted its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 1.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 42,482 shares of the financial services provider’s stock after buying an additional 792 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Ameriprise Financial were worth $19,958,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. raised its holdings in shares of Ameriprise Financial by 268.8% during the second quarter. DiNuzzo Private Wealth Inc. now owns 59 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 43 shares during the period. Accordant Advisory Group Inc acquired a new stake in shares of Ameriprise Financial in the 2nd quarter valued at about $26,000. Mascoma Wealth Management LLC lifted its holdings in shares of Ameriprise Financial by 153.8% in the second quarter. Mascoma Wealth Management LLC now owns 66 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 40 shares in the last quarter. Hantz Financial Services Inc. acquired a new position in shares of Ameriprise Financial during the second quarter worth about $29,000. Finally, Oakworth Capital Inc. bought a new position in shares of Ameriprise Financial during the third quarter worth about $31,000. Institutional investors own 83.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AMP shares. Morgan Stanley boosted 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. UBS Group boosted their price objective on shares of Ameriprise Financial from $490.00 to $555.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Royal Bank of Canada raised their target price 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. The Goldman Sachs Group lowered shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and lowered their price target for the company from $485.00 to $476.00 in a research note on Thursday, September 26th. Finally, Keefe, Bruyette & Woods raised their price objective on Ameriprise Financial from $475.00 to $510.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. One 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 stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $487.67.

Ameriprise Financial Stock Down 1.4 %

Shares of AMP stock opened at $546.23 on Wednesday. Ameriprise Financial, Inc. has a 52-week low of $358.89 and a 52-week high of $577.00. The stock has a market cap of $52.99 billion, a price-to-earnings ratio of 20.97, a PEG ratio of 0.98 and a beta of 1.34. The firm’s 50-day moving average is $532.92 and its 200-day moving average is $468.55. 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a $1.48 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $5.92 annualized dividend and a yield of 1.08%. Ameriprise Financial’s dividend payout ratio is 22.73%.

Insider Activity

In other Ameriprise Financial news, CFO Walter Stanley Berman sold 8,655 shares of the 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 transaction, the chief financial officer now directly owns 6,409 shares of the company’s stock, valued at $3,615,701.44. This represents a 57.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph Edward Sweeney sold 10,735 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $549.68, for a total value of $5,900,814.80. Following the sale, the insider now owns 5,811 shares of the company’s stock, valued at approximately $3,194,190.48. This represents 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. Insiders own 0.73% of the company’s stock.

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.