Sigma Planning Corp Has $210,000 Position in Ameriprise Financial, Inc. (NYSE:AMP)

Sigma Planning Corp decreased its stake in Ameriprise Financial, Inc. (NYSE:AMP) by 6.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 448 shares of the financial services provider’s stock after selling 32 shares during the period. Sigma Planning Corp’s holdings in Ameriprise Financial were worth $210,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Ontario Teachers Pension Plan Board acquired a new position in Ameriprise Financial in the first quarter valued at $1,515,000. O Shaughnessy Asset Management LLC boosted its position in shares of Ameriprise Financial by 7.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 25,024 shares of the financial services provider’s stock valued at $10,971,000 after purchasing an additional 1,754 shares in the last quarter. UniSuper Management Pty Ltd grew its stake in Ameriprise Financial by 259.4% during the first quarter. UniSuper Management Pty Ltd now owns 3,540 shares of the financial services provider’s stock worth $1,552,000 after purchasing an additional 2,555 shares during the period. Bessemer Group Inc. increased its holdings in Ameriprise Financial by 2.1% in the first quarter. Bessemer Group Inc. now owns 9,748 shares of the financial services provider’s stock worth $4,274,000 after purchasing an additional 199 shares in the last quarter. Finally, Lake Street Advisors Group LLC lifted its stake in Ameriprise Financial by 61.5% in the first quarter. Lake Street Advisors Group LLC now owns 2,506 shares of the financial services provider’s stock valued at $1,099,000 after buying an additional 954 shares during the period. 83.95% of the stock is currently owned by institutional investors.

Ameriprise Financial Trading Up 0.2 %

NYSE AMP opened at $562.44 on Monday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $54.56 billion, a P/E ratio of 21.59, a PEG ratio of 0.98 and a beta of 1.34. The business has a fifty day simple moving average of $496.55 and a 200 day simple moving average of $453.22. Ameriprise Financial, Inc. has a 12 month low of $342.96 and a 12 month high of $569.47.

Ameriprise Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were given a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Monday, November 4th. Ameriprise Financial’s payout ratio is currently 22.73%.

Analyst Ratings Changes

Several analysts have recently commented on AMP shares. The Goldman Sachs Group downgraded shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $485.00 to $476.00 in a research report on Thursday, September 26th. Keefe, Bruyette & Woods lifted their price target on shares of Ameriprise Financial from $475.00 to $510.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. Morgan Stanley increased their price objective on shares of Ameriprise Financial from $440.00 to $502.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Royal Bank of Canada upped their price target 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, UBS Group boosted their price objective on Ameriprise Financial from $490.00 to $555.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Ameriprise Financial has an average rating of “Hold” and a consensus target price of $487.67.

Insider Buying and Selling

In related news, insider Gumer Alvero sold 2,325 shares of Ameriprise Financial stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $516.05, for a total transaction of $1,199,816.25. Following the sale, the insider now directly owns 4,669 shares in the company, valued at approximately $2,409,437.45. This trade represents a 33.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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. Over the last ninety days, insiders have sold 30,415 shares of company stock worth $15,829,445. 0.73% of the stock is owned by insiders.

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.