Boston Common Asset Management LLC Has $15.97 Million Stake in Ameriprise Financial, Inc. (NYSE:AMP)

Boston Common Asset Management LLC cut its position in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 0.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 29,999 shares of the financial services provider’s stock after selling 169 shares during the quarter. Boston Common Asset Management LLC’s holdings in Ameriprise Financial were worth $15,972,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Geller Advisors LLC grew its holdings in Ameriprise Financial by 2.2% during the 3rd quarter. Geller Advisors LLC now owns 878 shares of the financial services provider’s stock worth $412,000 after acquiring an additional 19 shares during the period. Legacy Capital Wealth Partners LLC boosted its position in shares of Ameriprise Financial by 2.0% during the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 1,022 shares of the financial services provider’s stock valued at $480,000 after purchasing an additional 20 shares in the last quarter. Ledyard National Bank grew its stake in Ameriprise Financial by 3.2% during the third quarter. Ledyard National Bank now owns 733 shares of the financial services provider’s stock worth $344,000 after purchasing an additional 23 shares during the period. Everpar Advisors LLC lifted its stake in Ameriprise Financial by 1.8% in the fourth quarter. Everpar Advisors LLC now owns 1,286 shares of the financial services provider’s stock valued at $685,000 after buying an additional 23 shares during the period. Finally, Heartland Bank & Trust Co boosted its holdings in shares of Ameriprise Financial by 0.9% during the 2nd quarter. Heartland Bank & Trust Co now owns 2,755 shares of the financial services provider’s stock worth $1,177,000 after buying an additional 24 shares in the last quarter. Institutional investors own 83.95% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. The Goldman Sachs Group lowered shares of 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 research note on Thursday, September 26th. Royal Bank of Canada upped their price objective 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. Keefe, Bruyette & Woods reduced 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, January 10th. UBS Group downgraded Ameriprise Financial from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $580.00 to $570.00 in a research note on Monday, January 6th. Finally, 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. One research 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $494.89.

Ameriprise Financial Stock Up 0.4 %

Shares of Ameriprise Financial stock traded up $2.44 on Friday, hitting $548.87. The company had a trading volume of 71,120 shares, compared to its average volume of 396,534. Ameriprise Financial, Inc. has a 1 year low of $369.29 and a 1 year high of $577.00. 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 has a 50 day moving average of $548.44 and a 200-day moving average of $487.70. The stock has a market capitalization of $53.25 billion, a price-to-earnings ratio of 21.07, a P/E/G ratio of 0.78 and a beta of 1.36.

Ameriprise Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders 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 yield of 1.08%. The ex-dividend date was Monday, November 4th. Ameriprise Financial’s dividend payout ratio is 22.73%.

Insider Transactions at Ameriprise Financial

In other Ameriprise Financial news, insider Gumer Alvero sold 2,325 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $516.05, for a total value of $1,199,816.25. Following 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 transaction 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 company’s stock in a transaction 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 completion of the transaction, the chief financial officer now owns 6,409 shares of the company’s stock, valued at $3,615,701.44. This trade represents a 57.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,715 shares of company stock worth $11,983,436 in the last quarter. 0.96% of the stock is currently owned by corporate insiders.

About Ameriprise Financial

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.