Loomis Sayles & Co. L P Sells 71 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Loomis Sayles & Co. L P trimmed its position in Ameriprise Financial, Inc. (NYSE:AMP) by 6.2% in the third quarter, HoldingsChannel reports. The firm owned 1,082 shares of the financial services provider’s stock after selling 71 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Ameriprise Financial were worth $508,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. raised its stake in shares of Ameriprise Financial by 268.8% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 59 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 43 shares during the period. Accordant Advisory Group Inc bought a new stake in Ameriprise Financial in the second quarter worth about $26,000. Mascoma Wealth Management LLC boosted its stake in Ameriprise Financial by 153.8% in the second quarter. Mascoma Wealth Management LLC now owns 66 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 40 shares during the last quarter. Bank & Trust Co bought a new position in shares of Ameriprise Financial during the 2nd quarter valued at approximately $29,000. Finally, Hantz Financial Services Inc. purchased a new stake in shares of Ameriprise Financial during the 2nd quarter worth approximately $29,000. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Insider Transactions at Ameriprise Financial

In other news, CFO Walter Stanley Berman sold 8,655 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $564.16, for a total transaction 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 approximately $3,615,701.44. The trade was a 57.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gumer Alvero sold 2,325 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 4,669 shares in the company, valued at $2,409,437.45. This represents a 33.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,715 shares of company stock valued at $11,983,436. 0.73% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AMP has been the topic of several research analyst reports. 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. Keefe, Bruyette & Woods increased their price target on Ameriprise Financial from $475.00 to $510.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. The Goldman Sachs Group lowered Ameriprise Financial from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $485.00 to $476.00 in a report on Thursday, September 26th. Morgan Stanley upped their price objective 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. Finally, Royal Bank of Canada lifted their target price on shares of Ameriprise Financial from $535.00 to $550.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Ameriprise Financial currently has a consensus rating of “Hold” and a consensus price target of $487.67.

Ameriprise Financial Price Performance

Shares of NYSE:AMP opened at $571.91 on Friday. The company has a 50 day moving average of $519.09 and a 200 day moving average of $461.83. 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 stock has a market cap of $55.48 billion, a P/E ratio of 21.95, a P/E/G ratio of 0.99 and a beta of 1.34. Ameriprise Financial, Inc. has a 12 month low of $345.43 and a 12 month high of $577.00.

Ameriprise Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were given a dividend of $1.48 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.04%. Ameriprise Financial’s dividend payout ratio (DPR) is currently 22.73%.

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.