Ameriprise Financial, Inc. (NYSE:AMP) Shares Acquired by First Commonwealth Financial Corp PA

First Commonwealth Financial Corp PA increased its stake in Ameriprise Financial, Inc. (NYSE:AMP) by 1.9% during the 3rd quarter, Holdings Channel reports. The fund owned 1,842 shares of the financial services provider’s stock after purchasing an additional 35 shares during the quarter. First Commonwealth Financial Corp PA’s holdings in Ameriprise Financial were worth $865,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMP. Swedbank AB acquired a new stake in shares of Ameriprise Financial in the 1st quarter valued at $108,938,000. Maj Invest Holding A S acquired a new position in shares of Ameriprise Financial in the 3rd quarter valued at $98,742,000. The Manufacturers Life Insurance Company raised its holdings in shares of Ameriprise Financial by 144.0% in the third quarter. The Manufacturers Life Insurance Company now owns 243,385 shares of the financial services provider’s stock valued at $114,345,000 after buying an additional 143,648 shares during the last quarter. AGF Management Ltd. lifted its position in Ameriprise Financial by 35.4% during the 2nd quarter. AGF Management Ltd. now owns 504,657 shares of the financial services provider’s stock worth $215,584,000 after acquiring an additional 131,844 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Ameriprise Financial by 10.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,129,632 shares of the financial services provider’s stock valued at $482,588,000 after buying an additional 110,319 shares during the last quarter. 83.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Ameriprise Financial

In other news, insider Joseph Edward Sweeney sold 10,735 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $549.68, for a total value of $5,900,814.80. Following the completion of the sale, the insider now owns 5,811 shares of the company’s stock, valued at approximately $3,194,190.48. The trade was a 64.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP William Davies sold 8,700 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $442.07, for a total value of $3,846,009.00. Following the transaction, the vice president now directly owns 13,199 shares in the company, valued at approximately $5,834,881.93. This represents a 39.73 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 30,415 shares of company stock valued at $15,829,445. Corporate insiders own 0.96% of the company’s stock.

Ameriprise Financial Stock Up 0.2 %

Ameriprise Financial stock traded up $1.24 during midday trading on Wednesday, hitting $575.25. 6,425 shares of the company were exchanged, compared to its average volume of 470,411. 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 fifty-two week low of $345.43 and a fifty-two week high of $577.00. The company’s fifty day moving average price is $514.51 and its 200-day moving average price is $460.28. The company has a market cap of $55.81 billion, a PE ratio of 22.04, a price-to-earnings-growth ratio of 0.99 and a beta of 1.34.

Ameriprise Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were paid a $1.48 dividend. The ex-dividend date was Monday, November 4th. This represents a $5.92 annualized dividend and a dividend yield of 1.03%. Ameriprise Financial’s dividend payout ratio (DPR) is presently 22.73%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Royal Bank of Canada boosted their target price on Ameriprise Financial from $535.00 to $550.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. UBS Group raised their price objective 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. Keefe, Bruyette & Woods upped their target price on shares of Ameriprise Financial from $475.00 to $510.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. The Goldman Sachs Group lowered Ameriprise Financial from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $485.00 to $476.00 in a research note on Thursday, September 26th. Finally, 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 report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $487.67.

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.