Teachers Retirement System of The State of Kentucky decreased its position in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 18.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 88,148 shares of the financial services provider's stock after selling 19,884 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.09% of Ameriprise Financial worth $41,412,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in shares of 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 worth $1,222,943,000 after acquiring an additional 31,158 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Ameriprise Financial by 10.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,129,632 shares of the financial services provider's stock valued at $482,588,000 after acquiring an additional 110,319 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Ameriprise Financial by 1.4% in the second quarter. Legal & General Group Plc now owns 823,249 shares of the financial services provider's stock valued at $351,685,000 after purchasing an additional 11,060 shares during the last quarter. AGF Management Ltd. lifted its position in shares of Ameriprise Financial by 35.4% in the second quarter. AGF Management Ltd. now owns 504,657 shares of the financial services provider's stock worth $215,584,000 after purchasing an additional 131,844 shares in the last quarter. Finally, Epoch Investment Partners Inc. boosted its holdings in Ameriprise Financial by 3.9% during the second quarter. Epoch Investment Partners Inc. now owns 458,565 shares of the financial services provider's stock worth $195,894,000 after purchasing an additional 17,312 shares during the last quarter. Institutional investors own 83.95% of the company's stock.
In other Ameriprise Financial news, insider Gumer Alvero sold 2,325 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 4,669 shares of the company's stock, valued at approximately $2,409,437.45. The trade was a 33.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joseph Edward Sweeney sold 10,735 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $549.68, for a total value of $5,900,814.80. Following the completion of the transaction, the insider now owns 5,811 shares in the company, valued at $3,194,190.48. This represents a 64.88 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,715 shares of company stock worth $11,983,436. Corporate insiders own 0.73% of the company's stock.
NYSE:AMP opened at $546.23 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.99. Ameriprise Financial, Inc. has a twelve month low of $358.89 and a twelve month high of $577.00. The company has a fifty day moving average of $532.92 and a 200-day moving average of $468.55. The firm 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 company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were given a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend was Monday, November 4th. Ameriprise Financial's payout ratio is 22.73%.
AMP has been the subject of several analyst reports. Royal Bank of Canada raised their target price on shares of 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 raised their price target 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. 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 report on Tuesday, October 29th. UBS Group upped 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. Finally, The Goldman Sachs Group cut Ameriprise Financial from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $485.00 to $476.00 in a report on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $487.67.
Read Our Latest Stock Analysis on AMP
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.
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