Ameriprise Financial, Inc. (NYSE:AMP) Shares Bought by Bridgewater Associates LP

Bridgewater Associates LP boosted its stake in Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 10.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 56,005 shares of the financial services provider's stock after buying an additional 5,495 shares during the quarter. Bridgewater Associates LP owned approximately 0.06% of Ameriprise Financial worth $29,819,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of Ameriprise Financial during the fourth quarter valued at approximately $689,272,000. JPMorgan Chase & Co. raised its holdings in Ameriprise Financial by 12.1% in the 4th quarter. JPMorgan Chase & Co. now owns 4,801,913 shares of the financial services provider's stock valued at $2,556,683,000 after acquiring an additional 516,437 shares during the last quarter. Proficio Capital Partners LLC lifted its stake in shares of Ameriprise Financial by 79,679.4% during the 4th quarter. Proficio Capital Partners LLC now owns 371,772 shares of the financial services provider's stock worth $197,943,000 after purchasing an additional 371,306 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Ameriprise Financial by 429.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 417,149 shares of the financial services provider's stock worth $222,103,000 after purchasing an additional 338,298 shares during the last quarter. Finally, Amundi increased its stake in Ameriprise Financial by 48.0% in the fourth quarter. Amundi now owns 642,226 shares of the financial services provider's stock valued at $343,546,000 after purchasing an additional 208,195 shares during the last quarter. Hedge funds and other institutional investors own 83.95% of the company's stock.

Insiders Place Their Bets

In other Ameriprise Financial news, Director Robert Francis Sharpe, Jr. sold 1,000 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $523.12, for a total transaction of $523,120.00. Following the sale, the director now owns 10,000 shares in the company, valued at $5,231,200. This represents a 9.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO William F. Truscott sold 6,000 shares of Ameriprise Financial stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $540.29, for a total value of $3,241,740.00. Following the completion of the transaction, the chief executive officer now owns 14,023 shares of the company's stock, valued at approximately $7,576,486.67. The trade was a 29.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,636 shares of company stock valued at $6,263,989 in the last ninety days. Corporate insiders own 0.73% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on AMP. Morgan Stanley upped their price objective on shares of Ameriprise Financial from $507.00 to $542.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 4th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $625.00 price target on shares of Ameriprise Financial in a research note on Monday, February 3rd. Piper Sandler boosted their price objective on shares of Ameriprise Financial from $415.00 to $442.00 and gave the company an "underweight" rating in a research note on Friday, January 31st. UBS Group cut Ameriprise Financial from a "buy" rating to a "neutral" rating and reduced their target price for the company from $580.00 to $570.00 in a report on Monday, January 6th. Finally, Raymond James upgraded Ameriprise Financial from a "market perform" rating to a "strong-buy" rating and set a $518.00 price objective on the stock in a report on Monday, April 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $517.44.

Ameriprise Financial Stock Down 2.7 %

AMP traded down $12.68 during trading hours on Monday, reaching $451.88. 51,984 shares of the stock traded hands, compared to its average volume of 490,876. Ameriprise Financial, Inc. has a fifty-two week low of $385.74 and a fifty-two week high of $582.05. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market cap of $43.30 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 1.15 and a beta of 1.23. The firm's fifty day simple moving average is $494.40 and its two-hundred day simple moving average is $523.25.

Ameriprise Financial (NYSE:AMP - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $9.36 EPS for the quarter, beating analysts' consensus estimates of $9.16 by $0.20. Ameriprise Financial had a return on equity of 69.35% and a net margin of 19.70%. As a group, analysts forecast that Ameriprise Financial, Inc. will post 38.64 earnings per share for the current fiscal year.

Ameriprise Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 10th were paid a dividend of $1.48 per share. The ex-dividend date was Monday, February 10th. This represents a $5.92 dividend on an annualized basis and a yield of 1.31%. Ameriprise Financial's dividend payout ratio (DPR) is 17.91%.

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.