Zions Bancorporation N.A. Sells 18 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Zions Bancorporation N.A. lowered its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 13.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 114 shares of the financial services provider’s stock after selling 18 shares during the period. Zions Bancorporation N.A.’s holdings in Ameriprise Financial were worth $54,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Orion Portfolio Solutions LLC lifted its holdings in Ameriprise Financial by 3.6% during the 1st quarter. Orion Portfolio Solutions LLC now owns 7,377 shares of the financial services provider’s stock worth $3,235,000 after buying an additional 254 shares during the period. JPMorgan Chase & Co. boosted its holdings in Ameriprise Financial by 18.6% in the first quarter. JPMorgan Chase & Co. now owns 3,844,165 shares of the financial services provider’s stock valued at $1,685,436,000 after acquiring an additional 603,267 shares during the last quarter. TIAA Trust National Association increased its position in Ameriprise Financial by 3.0% during the 1st quarter. TIAA Trust National Association now owns 3,062 shares of the financial services provider’s stock valued at $1,343,000 after purchasing an additional 88 shares during the period. Ontario Teachers Pension Plan Board bought a new position in Ameriprise Financial during the 1st quarter worth approximately $1,515,000. Finally, Rockport Wealth LLC bought a new position in Ameriprise Financial during the 1st quarter worth approximately $619,000. Institutional investors own 83.95% of the company’s stock.

Wall Street Analysts Forecast Growth

AMP has been the subject of several recent analyst reports. UBS Group increased 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. Morgan Stanley increased their price target on Ameriprise Financial from $440.00 to $502.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. 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. Royal Bank of Canada raised their target price on Ameriprise Financial from $535.00 to $550.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, Keefe, Bruyette & Woods boosted their price target on Ameriprise Financial from $475.00 to $510.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. 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 stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $487.67.

Ameriprise Financial Trading Up 0.2 %

Shares of Ameriprise Financial stock opened at $562.44 on Friday. The stock has a market capitalization of $54.57 billion, a PE ratio of 21.59, a price-to-earnings-growth ratio of 0.97 and a beta of 1.34. Ameriprise Financial, Inc. has a 52 week low of $342.96 and a 52 week high of $569.47. The stock has a 50 day moving average price of $493.91 and a two-hundred day moving average price of $451.64. 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 declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a dividend of $1.48 per share. The ex-dividend date was Monday, November 4th. This represents a $5.92 dividend on an annualized basis and a yield of 1.05%. Ameriprise Financial’s dividend payout ratio (DPR) is presently 22.73%.

Insider Buying and Selling at Ameriprise Financial

In related news, CFO Walter Stanley Berman sold 8,655 shares of Ameriprise Financial stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $564.16, for a total transaction of $4,882,804.80. Following the transaction, the chief financial officer now owns 6,409 shares of the company’s stock, valued at $3,615,701.44. The trade was a 57.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gumer Alvero sold 2,325 shares of the stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $516.05, for a total value of $1,199,816.25. Following the completion of the sale, the insider now directly owns 4,669 shares of the company’s stock, valued at $2,409,437.45. The trade was a 33.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,415 shares of company stock worth $15,829,445. 0.73% of the stock is 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.