CreativeOne Wealth LLC Raises Position in Ameriprise Financial, Inc. (NYSE:AMP)

CreativeOne Wealth LLC lifted its stake in Ameriprise Financial, Inc. (NYSE:AMP) by 71.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 926 shares of the financial services provider’s stock after purchasing an additional 386 shares during the quarter. CreativeOne Wealth LLC’s holdings in Ameriprise Financial were worth $435,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Blueshift Asset Management LLC purchased a new position in Ameriprise Financial during the third quarter worth $951,000. Bridgewater Associates LP raised its stake in shares of Ameriprise Financial by 97.8% in the third quarter. Bridgewater Associates LP now owns 50,510 shares of the financial services provider’s stock valued at $23,730,000 after acquiring an additional 24,968 shares during the period. Cynosure Group LLC bought a new stake in shares of Ameriprise Financial in the 3rd quarter worth about $206,000. Townsquare Capital LLC boosted its stake in shares of Ameriprise Financial by 8.0% during the 3rd quarter. Townsquare Capital LLC now owns 7,047 shares of the financial services provider’s stock worth $3,311,000 after purchasing an additional 520 shares during the period. Finally, Brooklyn Investment Group grew its holdings in Ameriprise Financial by 7.5% during the 3rd quarter. Brooklyn Investment Group now owns 933 shares of the financial services provider’s stock valued at $438,000 after purchasing an additional 65 shares during the last quarter. Institutional investors own 83.95% of the company’s stock.

Insider Activity

In other news, CFO Walter Stanley Berman sold 8,655 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $564.16, for a total value of $4,882,804.80. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gumer Alvero sold 2,325 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $516.05, for a total value of $1,199,816.25. Following the transaction, 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. In the last three months, insiders have sold 21,715 shares of company stock worth $11,983,436. 0.73% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Keefe, Bruyette & Woods boosted their target price on Ameriprise Financial from $475.00 to $510.00 and gave the company a “market perform” rating in a research report on Tuesday, October 29th. Royal Bank of Canada boosted their price objective on Ameriprise Financial from $535.00 to $550.00 and gave the company an “outperform” rating in a report 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 research note on Tuesday, October 8th. Morgan Stanley boosted their target price on shares of Ameriprise Financial from $440.00 to $502.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Finally, The Goldman Sachs Group lowered shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $485.00 to $476.00 in a report on Thursday, September 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $487.67.

Ameriprise Financial Trading Up 0.4 %

NYSE:AMP opened at $573.97 on Monday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a 50-day simple moving average of $521.35 and a 200-day simple moving average of $463.17. Ameriprise Financial, Inc. has a one year low of $347.74 and a one year high of $577.00. The firm has a market cap of $55.68 billion, a P/E ratio of 22.03, a P/E/G ratio of 1.00 and a beta of 1.34.

Ameriprise Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were issued 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 yield of 1.03%. Ameriprise Financial’s dividend payout ratio is currently 22.73%.

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.