Signet Financial Management LLC Purchases 26 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Signet Financial Management LLC increased its position in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 0.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,551 shares of the financial services provider’s stock after acquiring an additional 26 shares during the period. Signet Financial Management LLC’s holdings in Ameriprise Financial were worth $4,020,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Oakworth Capital Inc. purchased a new stake in shares of Ameriprise Financial in the third quarter worth $31,000. Country Trust Bank increased its position in shares of Ameriprise Financial by 213.6% in the third quarter. Country Trust Bank now owns 69 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 47 shares during the last quarter. Peterson Financial Group Inc. bought a new stake in Ameriprise Financial during the third quarter valued at approximately $45,000. Friedenthal Financial purchased a new position in Ameriprise Financial in the 4th quarter worth approximately $58,000. Finally, Trifecta Capital Advisors LLC increased its holdings in shares of Ameriprise Financial by 31.4% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 138 shares of the financial services provider’s stock worth $65,000 after buying an additional 33 shares during the last quarter. 83.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Keefe, Bruyette & Woods lowered their price target on Ameriprise Financial from $565.00 to $560.00 and set a “market perform” rating on the stock in a research report on Friday. Royal Bank of Canada lifted their price target on shares of Ameriprise Financial from $535.00 to $550.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. UBS Group downgraded shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $580.00 to $570.00 in a research note on Monday, January 6th. Morgan Stanley raised their price objective 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. Finally, The Goldman Sachs Group lowered Ameriprise Financial from a “buy” rating to a “neutral” rating and lowered their target price for the company from $485.00 to $476.00 in a research note on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, Ameriprise Financial presently has a consensus rating of “Hold” and an average target price of $494.89.

Insider Buying and Selling at Ameriprise Financial

In other Ameriprise Financial news, insider Joseph Edward Sweeney sold 10,735 shares of the firm’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 completion of the transaction, the insider now owns 5,811 shares of the company’s stock, valued at approximately $3,194,190.48. This trade represents a 64.88 % 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 link. Also, CFO Walter Stanley Berman sold 8,655 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $564.16, for a total value 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 approximately $3,615,701.44. This represents a 57.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,715 shares of company stock valued at $11,983,436. 0.73% of the stock is currently owned by corporate insiders.

Ameriprise Financial Trading Up 0.5 %

Shares of AMP traded up $2.79 during mid-day trading on Monday, hitting $518.27. 432,588 shares of the company’s stock traded hands, compared to its average volume of 420,824. The business’s 50-day moving average price is $548.56 and its 200-day moving average price is $486.03. Ameriprise Financial, Inc. has a 1 year low of $368.41 and a 1 year high of $577.00. The firm has a market capitalization of $50.28 billion, a P/E ratio of 19.90, a PEG ratio of 0.96 and a beta of 1.36. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.99.

Ameriprise Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were issued a $1.48 dividend. The ex-dividend date was Monday, November 4th. This represents a $5.92 annualized dividend and a yield of 1.14%. Ameriprise Financial’s dividend payout ratio (DPR) is presently 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.