Ferguson Wellman Capital Management Inc. Has $28.68 Million Holdings in Ameriprise Financial, Inc. (NYSE:AMP)

Ferguson Wellman Capital Management Inc. decreased its position in Ameriprise Financial, Inc. (NYSE:AMP) by 1.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,035 shares of the financial services provider’s stock after selling 1,003 shares during the quarter. Ferguson Wellman Capital Management Inc. owned 0.06% of Ameriprise Financial worth $28,675,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Metis Global Partners LLC boosted its stake in shares of Ameriprise Financial by 1.3% during the 3rd quarter. Metis Global Partners LLC now owns 3,443 shares of the financial services provider’s stock worth $1,618,000 after buying an additional 43 shares during the last quarter. KBC Group NV lifted its stake in Ameriprise Financial by 3.9% in the third quarter. KBC Group NV now owns 113,115 shares of the financial services provider’s stock valued at $53,143,000 after acquiring an additional 4,197 shares during the last quarter. Huntington National Bank grew its position in shares of Ameriprise Financial by 2.5% in the 3rd quarter. Huntington National Bank now owns 2,782 shares of the financial services provider’s stock valued at $1,307,000 after acquiring an additional 67 shares during the period. ROI Financial Advisors LLC increased its stake in shares of Ameriprise Financial by 19.4% during the 3rd quarter. ROI Financial Advisors LLC now owns 983 shares of the financial services provider’s stock worth $462,000 after purchasing an additional 160 shares during the last quarter. Finally, Plato Investment Management Ltd lifted its stake in Ameriprise Financial by 3.0% in the 3rd quarter. Plato Investment Management Ltd now owns 6,992 shares of the financial services provider’s stock valued at $3,282,000 after purchasing an additional 202 shares during the last quarter. Institutional investors and hedge funds own 83.95% of the company’s stock.

Ameriprise Financial Stock Up 0.2 %

NYSE AMP traded up $1.30 during trading hours on Thursday, hitting $561.19. The company’s stock had a trading volume of 18,068 shares, compared to its average volume of 467,504. The company has a market capitalization of $54.44 billion, a PE ratio of 21.49, a price-to-earnings-growth ratio of 0.97 and a beta of 1.34. 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 52 week low of $342.20 and a 52 week high of $569.47. The company’s 50-day simple moving average is $491.47 and its two-hundred day simple moving average is $450.87.

Ameriprise Financial Dividend Announcement

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

Insider Buying and Selling

In other Ameriprise Financial news, insider Gumer Alvero sold 2,325 shares of the firm’s 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 transaction, the insider now directly owns 4,669 shares in the company, valued at approximately $2,409,437.45. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Gumer Alvero sold 2,325 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $516.05, for a total transaction of $1,199,816.25. Following the transaction, the insider now directly owns 4,669 shares of the company’s stock, valued at $2,409,437.45. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP William Davies sold 8,700 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $442.07, for a total transaction of $3,846,009.00. Following the completion of the sale, the vice president now directly owns 13,199 shares of the company’s stock, valued at $5,834,881.93. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,415 shares of company stock worth $15,829,445. 0.73% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently issued reports on AMP. Royal Bank of Canada boosted their price target on Ameriprise Financial from $535.00 to $550.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Morgan Stanley upped their target price on Ameriprise Financial from $440.00 to $502.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. The Goldman Sachs Group lowered Ameriprise Financial from a “buy” rating to a “neutral” rating and cut their price target for the company from $485.00 to $476.00 in a research note on Thursday, September 26th. UBS Group upped their price objective on Ameriprise Financial from $490.00 to $555.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Ameriprise Financial from $475.00 to $510.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.