Ameriprise Financial, Inc. (NYSE:AMP) Shares Acquired by Hilltop National Bank

Hilltop National Bank boosted its holdings in Ameriprise Financial, Inc. (NYSE:AMP) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,047 shares of the financial services provider’s stock after purchasing an additional 128 shares during the quarter. Ameriprise Financial comprises 0.8% of Hilltop National Bank’s investment portfolio, making the stock its 27th largest holding. Hilltop National Bank’s holdings in Ameriprise Financial were worth $2,687,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Acadian Asset Management LLC grew its holdings in shares of Ameriprise Financial by 3,086.6% during the second quarter. Acadian Asset Management LLC now owns 3,569 shares of the financial services provider’s stock worth $1,523,000 after buying an additional 3,457 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in Ameriprise Financial during the 2nd quarter worth approximately $81,000. Prudential PLC grew its stake in shares of Ameriprise Financial by 52.4% in the 2nd quarter. Prudential PLC now owns 1,817 shares of the financial services provider’s stock valued at $776,000 after purchasing an additional 625 shares during the last quarter. Wedbush Securities Inc. increased its holdings in shares of Ameriprise Financial by 2.7% in the second quarter. Wedbush Securities Inc. now owns 1,476 shares of the financial services provider’s stock valued at $631,000 after purchasing an additional 39 shares during the period. Finally, Dorsey & Whitney Trust CO LLC raised its stake in shares of Ameriprise Financial by 117.0% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 1,343 shares of the financial services provider’s stock worth $574,000 after purchasing an additional 724 shares during the last quarter. Institutional investors and hedge funds own 83.95% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Walter Stanley Berman sold 8,655 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 6,409 shares in the company, valued at $3,615,701.44. This represents a 57.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph Edward Sweeney sold 10,735 shares of the firm’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 transaction of $5,900,814.80. Following the transaction, the insider now directly 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,715 shares of company stock worth $11,983,436. 0.73% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on AMP shares. Morgan Stanley lifted 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 report on Thursday, October 17th. Royal Bank of Canada lifted their target price on shares of Ameriprise Financial from $535.00 to $550.00 and gave the company an “outperform” rating in a report on Friday, October 25th. UBS Group cut shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and cut their price target for the stock from $580.00 to $570.00 in a report on Monday. The Goldman Sachs Group lowered Ameriprise Financial from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $485.00 to $476.00 in a report on Thursday, September 26th. Finally, Keefe, Bruyette & Woods cut their target price on Ameriprise Financial from $565.00 to $560.00 and set a “market perform” rating for the company in a research note on Friday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Ameriprise Financial has a consensus rating of “Hold” and a consensus target price of $494.89.

Ameriprise Financial Price Performance

Shares of AMP stock traded down $19.30 during midday trading on Friday, reaching $515.63. 80,673 shares of the company traded hands, compared to its average volume of 359,431. The firm’s 50 day simple moving average is $548.38 and its two-hundred day simple moving average is $484.81. The firm has a market cap of $50.02 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 0.96 and a beta of 1.36. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.65 and a quick ratio of 0.65. Ameriprise Financial, Inc. has a 1-year low of $368.41 and a 1-year high of $577.00.

Ameriprise Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a dividend of $1.48 per share. The ex-dividend date was Monday, November 4th. This represents a $5.92 annualized dividend and a yield of 1.15%. Ameriprise Financial’s dividend payout ratio is presently 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.