Ameriprise Financial, Inc. (NYSE:AMP) Shares Sold by Fulton Bank N.A.

Fulton Bank N.A. decreased its position in Ameriprise Financial, Inc. (NYSE:AMP) by 2.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,203 shares of the financial services provider’s stock after selling 227 shares during the period. Fulton Bank N.A.’s holdings in Ameriprise Financial were worth $4,368,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AMP. Oakworth Capital Inc. acquired a new stake in Ameriprise Financial in the 3rd quarter valued at about $31,000. Country Trust Bank lifted its holdings 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 valued at $32,000 after purchasing an additional 47 shares in the last quarter. Peterson Financial Group Inc. acquired a new stake in shares of Ameriprise Financial in the third quarter valued at approximately $45,000. Trifecta Capital Advisors LLC increased its stake in shares of Ameriprise Financial by 31.4% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 138 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 33 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in shares of Ameriprise Financial by 240.5% during the 4th quarter. Versant Capital Management Inc now owns 143 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Royal Bank of Canada raised their price target on Ameriprise Financial from $535.00 to $550.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Morgan Stanley lifted their price objective on Ameriprise Financial from $440.00 to $502.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. UBS Group lowered shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and reduced their target price for the company from $580.00 to $570.00 in a report on Monday. The Goldman Sachs Group downgraded shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $485.00 to $476.00 in a report on Thursday, September 26th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Ameriprise Financial from $475.00 to $510.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $489.33.

Ameriprise Financial Trading Up 0.8 %

Ameriprise Financial stock traded up $3.97 during midday trading on Wednesday, reaching $532.80. The stock had a trading volume of 121,233 shares, compared to its average volume of 325,757. The stock has a market capitalization of $51.69 billion, a PE ratio of 20.45, 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 quick ratio of 0.65 and a current ratio of 0.65. The stock’s 50-day simple moving average is $547.49 and its 200 day simple moving average is $484.11. Ameriprise Financial, Inc. has a twelve month low of $368.41 and a twelve month high of $577.00.

Ameriprise Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were issued a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Monday, November 4th. Ameriprise Financial’s payout ratio is currently 22.73%.

Insider Buying and Selling

In related news, CFO Walter Stanley Berman sold 8,655 shares of the stock in a transaction 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph Edward Sweeney sold 10,735 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 5,811 shares in the company, 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. In the last quarter, insiders 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 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.