Arkadios Wealth Advisors Purchases 48 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Arkadios Wealth Advisors raised its position in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 3.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,267 shares of the financial services provider’s stock after acquiring an additional 48 shares during the period. Arkadios Wealth Advisors’ holdings in Ameriprise Financial were worth $595,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Forsta AP Fonden boosted its stake in Ameriprise Financial by 8.2% in the 3rd quarter. Forsta AP Fonden now owns 34,500 shares of the financial services provider’s stock valued at $16,208,000 after purchasing an additional 2,600 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Ameriprise Financial by 6.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,618 shares of the financial services provider’s stock valued at $8,725,000 after acquiring an additional 1,191 shares in the last quarter. Allworth Financial LP increased its position in Ameriprise Financial by 15.5% during the third quarter. Allworth Financial LP now owns 4,580 shares of the financial services provider’s stock worth $2,152,000 after acquiring an additional 614 shares during the period. Mediolanum International Funds Ltd raised its stake in Ameriprise Financial by 11.6% in the 3rd quarter. Mediolanum International Funds Ltd now owns 31,352 shares of the financial services provider’s stock worth $14,668,000 after purchasing an additional 3,268 shares in the last quarter. Finally, Canal Capital Management LLC boosted its holdings in Ameriprise Financial by 7.8% in the 3rd quarter. Canal Capital Management LLC now owns 916 shares of the financial services provider’s stock valued at $430,000 after purchasing an additional 66 shares during the period. Institutional investors and hedge funds own 83.95% of the company’s stock.

Analyst Ratings Changes

AMP has been the topic of several recent research reports. Keefe, Bruyette & Woods raised their target price on shares of Ameriprise Financial from $475.00 to $510.00 and gave the stock a “market perform” rating in a report on Tuesday. Royal Bank of Canada raised their price objective on Ameriprise Financial from $535.00 to $550.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. UBS Group increased their target price on Ameriprise Financial from $490.00 to $555.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Morgan Stanley raised their price target 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. Finally, The Goldman Sachs Group cut shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $485.00 to $476.00 in a research report on Thursday, September 26th. 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $487.67.

Ameriprise Financial Stock Up 0.6 %

AMP stock opened at $516.31 on Wednesday. The firm has a 50-day moving average price of $470.44 and a 200-day moving average price of $441.52. Ameriprise Financial, Inc. has a 12 month low of $311.11 and a 12 month high of $524.89. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $51.28 billion, a P/E ratio of 17.57, a price-to-earnings-growth ratio of 0.81 and a beta of 1.35.

Ameriprise Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be paid a $1.48 dividend. This represents a $5.92 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Monday, November 4th. Ameriprise Financial’s payout ratio is 20.15%.

Insider Buying and Selling at Ameriprise Financial

In other news, VP William Davies sold 8,700 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $442.07, for a total transaction of $3,846,009.00. Following the completion of the transaction, the vice president now directly owns 13,199 shares in the company, valued at approximately $5,834,881.93. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.73% of the company’s stock.

Ameriprise Financial Company 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.