Unigestion Holding SA Acquires 1,971 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Unigestion Holding SA grew its holdings in Ameriprise Financial, Inc. (NYSE:AMP) by 80.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,436 shares of the financial services provider’s stock after purchasing an additional 1,971 shares during the period. Unigestion Holding SA’s holdings in Ameriprise Financial were worth $2,084,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Coldstream Capital Management Inc. lifted its holdings in shares of Ameriprise Financial by 6.6% in the third quarter. Coldstream Capital Management Inc. now owns 4,009 shares of the financial services provider’s stock worth $1,899,000 after buying an additional 249 shares in the last quarter. Geode Capital Management LLC raised its stake in Ameriprise Financial by 1.2% in the third quarter. Geode Capital Management LLC now owns 2,609,486 shares of the financial services provider’s stock valued at $1,222,943,000 after purchasing an additional 31,158 shares in the last quarter. Vestcor Inc lifted its position in Ameriprise Financial by 67.8% during the third quarter. Vestcor Inc now owns 5,667 shares of the financial services provider’s stock valued at $2,662,000 after purchasing an additional 2,289 shares during the last quarter. LRI Investments LLC grew its stake in Ameriprise Financial by 10.4% in the 3rd quarter. LRI Investments LLC now owns 713 shares of the financial services provider’s stock worth $335,000 after buying an additional 67 shares in the last quarter. Finally, Geller Advisors LLC increased its holdings in shares of Ameriprise Financial by 2.2% in the 3rd quarter. Geller Advisors LLC now owns 878 shares of the financial services provider’s stock worth $412,000 after buying an additional 19 shares during the last quarter. 83.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Gumer Alvero sold 2,325 shares of the firm’s stock in a transaction dated 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 $2,409,437.45. This trade represents a 33.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Walter Stanley Berman sold 8,655 shares of Ameriprise Financial stock in a transaction dated 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 transaction, the chief financial officer now directly owns 6,409 shares in the company, valued at approximately $3,615,701.44. The trade was a 57.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,715 shares of company stock valued at $11,983,436 in the last quarter. 0.73% of the stock is currently owned by insiders.

Ameriprise Financial Trading Down 1.4 %

Shares of AMP stock opened at $546.23 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.99. Ameriprise Financial, Inc. has a 12-month low of $358.89 and a 12-month high of $577.00. The stock has a market capitalization of $52.99 billion, a P/E ratio of 20.97, a P/E/G ratio of 0.98 and a beta of 1.34. The firm’s 50 day moving average is $532.92 and its 200 day moving average is $468.55.

Ameriprise Financial Dividend Announcement

The company 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 dividend yield of 1.08%. Ameriprise Financial’s dividend payout ratio is currently 22.73%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AMP. The Goldman Sachs Group cut Ameriprise Financial from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $485.00 to $476.00 in a research note on Thursday, September 26th. Keefe, Bruyette & Woods raised their target price 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. UBS Group upped their price target on Ameriprise Financial from $490.00 to $555.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Royal Bank of Canada raised their price objective on Ameriprise Financial from $535.00 to $550.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, Morgan Stanley upped their target price 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $487.67.

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.