MetLife Investment Management LLC Has $13.97 Million Stock Position in Ameriprise Financial, Inc. (NYSE:AMP)

MetLife Investment Management LLC cut its holdings in Ameriprise Financial, Inc. (NYSE:AMP) by 3.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,729 shares of the financial services provider’s stock after selling 1,018 shares during the period. MetLife Investment Management LLC’s holdings in Ameriprise Financial were worth $13,967,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Legacy Capital Wealth Partners LLC lifted its position in Ameriprise Financial by 2.0% during the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 1,022 shares of the financial services provider’s stock worth $480,000 after buying an additional 20 shares in the last quarter. Ledyard National Bank raised its holdings in Ameriprise Financial by 3.2% during the third quarter. Ledyard National Bank now owns 733 shares of the financial services provider’s stock worth $344,000 after acquiring an additional 23 shares in the last quarter. Heartland Bank & Trust Co boosted its position in Ameriprise Financial by 0.9% during the second quarter. Heartland Bank & Trust Co now owns 2,755 shares of the financial services provider’s stock valued at $1,177,000 after purchasing an additional 24 shares during the last quarter. Great Valley Advisor Group Inc. grew its stake in Ameriprise Financial by 2.5% in the third quarter. Great Valley Advisor Group Inc. now owns 999 shares of the financial services provider’s stock valued at $470,000 after purchasing an additional 24 shares in the last quarter. Finally, Portside Wealth Group LLC grew its stake in Ameriprise Financial by 3.7% in the second quarter. Portside Wealth Group LLC now owns 697 shares of the financial services provider’s stock valued at $298,000 after purchasing an additional 25 shares in the last quarter. Institutional investors own 83.95% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on AMP shares. The Goldman Sachs Group downgraded Ameriprise Financial from a “buy” rating to a “neutral” rating and cut their price objective for the company from $485.00 to $476.00 in a report on Thursday, September 26th. Morgan Stanley increased their price target 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. Royal Bank of Canada boosted their price objective 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. Keefe, Bruyette & Woods raised their target price on shares of Ameriprise Financial from $475.00 to $510.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. Finally, UBS Group boosted their price target on Ameriprise Financial from $490.00 to $555.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Ameriprise Financial currently has an average rating of “Hold” and a consensus price target of $487.67.

Ameriprise Financial Trading Down 0.4 %

Shares of NYSE:AMP opened at $571.89 on Thursday. Ameriprise Financial, Inc. has a 12-month low of $345.43 and a 12-month high of $577.00. The business has a 50 day moving average of $516.92 and a 200-day moving average of $461.06. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.99. The stock has a market cap of $55.48 billion, a PE ratio of 21.95, a P/E/G ratio of 0.99 and a beta of 1.34.

Ameriprise Financial Dividend Announcement

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

Insider Activity

In other news, CFO Walter Stanley Berman sold 8,655 shares of the company’s stock in a transaction on 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 sale, the chief financial officer now directly owns 6,409 shares in the company, valued at approximately $3,615,701.44. This represents a 57.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP William Davies sold 8,700 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $442.07, for a total value of $3,846,009.00. Following the sale, the vice president now directly owns 13,199 shares in the company, valued at approximately $5,834,881.93. This trade represents a 39.73 % 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 valued at $15,829,445. 0.96% of the stock is owned by company insiders.

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.