Ballentine Partners LLC Buys 55 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Ballentine Partners LLC lifted its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,261 shares of the financial services provider’s stock after acquiring an additional 55 shares during the quarter. Ballentine Partners LLC’s holdings in Ameriprise Financial were worth $1,204,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMP. JPMorgan Chase & Co. raised its holdings in shares of Ameriprise Financial by 9.1% during the third quarter. JPMorgan Chase & Co. now owns 4,285,476 shares of the financial services provider’s stock valued at $2,013,359,000 after acquiring an additional 358,699 shares in the last quarter. Maj Invest Holding A S bought a new position in shares of Ameriprise Financial during the third quarter valued at approximately $98,742,000. Assenagon Asset Management S.A. raised its holdings in shares of Ameriprise Financial by 816.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 219,180 shares of the financial services provider’s stock valued at $116,698,000 after acquiring an additional 195,271 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Ameriprise Financial by 144.0% during the third quarter. The Manufacturers Life Insurance Company now owns 243,385 shares of the financial services provider’s stock valued at $114,345,000 after acquiring an additional 143,648 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of Ameriprise Financial during the third quarter valued at approximately $456,890,000. Institutional investors own 83.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. UBS Group downgraded Ameriprise Financial from a “buy” rating to a “neutral” rating and decreased their target price for the company from $580.00 to $570.00 in a report on Monday, January 6th. Royal Bank of Canada upped their price target on 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 reduced 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. The Goldman Sachs Group cut Ameriprise Financial from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $485.00 to $476.00 in a research note on Thursday, September 26th. Finally, Morgan Stanley upped their price target on Ameriprise Financial from $440.00 to $502.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $494.89.

Ameriprise Financial Trading Up 1.3 %

NYSE AMP opened at $559.18 on Wednesday. Ameriprise Financial, Inc. has a 12 month low of $370.12 and a 12 month high of $577.00. The stock has a market cap of $54.25 billion, a P/E ratio of 21.47, a P/E/G ratio of 0.84 and a beta of 1.36. The stock’s fifty day moving average price is $548.17 and its 200-day moving average price is $490.59. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.99.

Insider Transactions at Ameriprise Financial

In other news, insider Joseph Edward Sweeney sold 10,735 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $549.68, for a total transaction 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 represents a 64.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Walter Stanley Berman sold 8,655 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $564.16, for a total value of $4,882,804.80. Following the transaction, the chief financial officer now directly owns 6,409 shares in the company, valued at approximately $3,615,701.44. The trade was a 57.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,715 shares of company stock valued at $11,983,436. Insiders own 0.96% of the company’s stock.

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.