Peoples Financial Services CORP. Sells 130 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Peoples Financial Services CORP. cut its holdings in Ameriprise Financial, Inc. (NYSE:AMP) by 17.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 625 shares of the financial services provider’s stock after selling 130 shares during the period. Peoples Financial Services CORP.’s holdings in Ameriprise Financial were worth $333,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Oakworth Capital Inc. bought a new position in shares of Ameriprise Financial in the third quarter worth about $31,000. Country Trust Bank increased its stake in Ameriprise Financial by 213.6% during the third quarter. Country Trust Bank now owns 69 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 47 shares during the period. Peterson Financial Group Inc. bought a new position in Ameriprise Financial during the third quarter valued at about $45,000. Friedenthal Financial bought a new position in Ameriprise Financial during the fourth quarter valued at about $58,000. Finally, Trifecta Capital Advisors LLC increased its stake in Ameriprise Financial by 31.4% during the third quarter. Trifecta Capital Advisors LLC now owns 138 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 33 shares during the period. 83.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AMP. Keefe, Bruyette & Woods lowered their price target on Ameriprise Financial from $565.00 to $560.00 and set a “market perform” rating on the stock in a research note on Friday, January 10th. Royal Bank of Canada upped their price objective on Ameriprise Financial from $535.00 to $550.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. The Goldman Sachs Group lowered Ameriprise Financial from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $485.00 to $476.00 in a research note on Thursday, September 26th. UBS Group downgraded Ameriprise Financial from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $580.00 to $570.00 in a report on Monday, January 6th. Finally, Morgan Stanley boosted their target price on Ameriprise Financial from $440.00 to $502.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $494.89.

Insider Activity at Ameriprise Financial

In related news, insider Joseph Edward Sweeney sold 10,735 shares of Ameriprise Financial 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 transaction, the insider now directly owns 5,811 shares of the company’s stock, valued at $3,194,190.48. This trade represents a 64.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Walter Stanley Berman sold 8,655 shares of Ameriprise Financial stock in a transaction that occurred on Monday, November 11th. The shares were 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 directly owns 6,409 shares in the company, valued at $3,615,701.44. This trade represents a 57.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,715 shares of company stock valued at $11,983,436 over the last three months. 0.73% of the stock is owned by insiders.

Ameriprise Financial Stock Up 1.7 %

Shares of AMP opened at $526.21 on Wednesday. Ameriprise Financial, Inc. has a 12 month low of $368.41 and a 12 month high of $577.00. The firm’s 50 day moving average is $549.04 and its 200-day moving average is $487.35. The stock has a market capitalization of $51.05 billion, a PE ratio of 20.20, a P/E/G ratio of 0.96 and a beta of 1.36. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.99.

Ameriprise Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were paid a $1.48 dividend. 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 1.13%. Ameriprise Financial’s dividend payout ratio (DPR) is 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.