Metis Global Partners LLC Acquires 43 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Metis Global Partners LLC lifted its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 1.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 3,443 shares of the financial services provider’s stock after purchasing an additional 43 shares during the period. Metis Global Partners LLC’s holdings in Ameriprise Financial were worth $1,618,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. DiNuzzo Private Wealth Inc. lifted its stake in Ameriprise Financial by 268.8% during 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 in the last quarter. Accordant Advisory Group Inc purchased a new stake in Ameriprise Financial in the 2nd quarter valued at about $26,000. Mascoma Wealth Management LLC lifted its position in shares of Ameriprise Financial by 153.8% during the 2nd quarter. Mascoma Wealth Management LLC now owns 66 shares of the financial services provider’s stock worth $28,000 after buying an additional 40 shares in the last quarter. Bank & Trust Co purchased a new position in shares of Ameriprise Financial in the 2nd quarter worth approximately $29,000. Finally, Hantz Financial Services Inc. bought a new position in shares of Ameriprise Financial in the second quarter valued at approximately $29,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AMP shares. Royal Bank of Canada raised their target price on Ameriprise Financial from $535.00 to $550.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods raised their price objective on shares of Ameriprise Financial from $475.00 to $510.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Morgan Stanley boosted their target price 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 raised their price target on shares of Ameriprise Financial from $490.00 to $555.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Finally, The Goldman Sachs Group downgraded 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $487.67.

Insider Activity

In related news, insider Gumer Alvero sold 2,325 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 4,669 shares of the company’s stock, valued at approximately $2,409,437.45. The trade was a 33.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP William Davies sold 8,700 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $442.07, for a total transaction of $3,846,009.00. Following the sale, the vice president now directly owns 13,199 shares in the company, valued at $5,834,881.93. This trade represents a 39.73 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,415 shares of company stock worth $15,829,445. 0.73% of the stock is owned by corporate insiders.

Ameriprise Financial Stock Performance

Shares of AMP stock opened at $562.44 on Friday. The firm’s 50 day moving average is $496.55 and its 200 day moving average is $452.66. The stock has a market capitalization of $54.57 billion, a P/E ratio of 21.59, a PEG ratio of 0.97 and a beta of 1.34. Ameriprise Financial, Inc. has a 12 month low of $342.96 and a 12 month high of $569.47. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.99.

Ameriprise Financial Dividend Announcement

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. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Monday, November 4th. Ameriprise Financial’s payout ratio is currently 22.73%.

Ameriprise Financial 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.