B.O.S.S. Retirement Advisors LLC Makes New Investment in Ameriprise Financial, Inc. (NYSE:AMP)

B.O.S.S. Retirement Advisors LLC purchased a new position in Ameriprise Financial, Inc. (NYSE:AMP) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 548 shares of the financial services provider’s stock, valued at approximately $292,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMP. AQR Capital Management LLC grew its position in Ameriprise Financial by 28.5% during the 2nd quarter. AQR Capital Management LLC now owns 109,870 shares of the financial services provider’s stock worth $46,935,000 after purchasing an additional 24,374 shares in the last quarter. APG Asset Management N.V. grew its position in Ameriprise Financial by 219.7% during the 2nd quarter. APG Asset Management N.V. now owns 11,932 shares of the financial services provider’s stock worth $4,756,000 after purchasing an additional 8,200 shares in the last quarter. Delta Investment Management LLC purchased a new position in Ameriprise Financial during the 2nd quarter worth approximately $218,000. Daymark Wealth Partners LLC grew its position in Ameriprise Financial by 11.8% during the 2nd quarter. Daymark Wealth Partners LLC now owns 920 shares of the financial services provider’s stock worth $393,000 after purchasing an additional 97 shares in the last quarter. Finally, MBB Public Markets I LLC purchased a new position in Ameriprise Financial during the 2nd quarter worth approximately $3,210,000. 83.95% of the stock is currently owned by hedge funds and other institutional investors.

Ameriprise Financial Stock Up 0.0 %

Shares of AMP opened at $563.57 on Friday. The company has a 50-day simple moving average of $548.23 and a 200-day simple moving average of $493.41. The firm has a market capitalization of $54.67 billion, a P/E ratio of 21.63, a P/E/G ratio of 0.85 and a beta of 1.36. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.65 and a current ratio of 0.65. Ameriprise Financial, Inc. has a 52 week low of $370.12 and a 52 week high of $577.00.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AMP. UBS Group cut shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $580.00 to $570.00 in a research report on Monday, January 6th. Royal Bank of Canada boosted their price target on shares of Ameriprise Financial from $535.00 to $550.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Keefe, Bruyette & Woods lowered their price target on shares of Ameriprise Financial from $565.00 to $560.00 and set a “market perform” rating on the stock in a report on Friday, January 10th. Finally, Morgan Stanley boosted their price target on shares of Ameriprise Financial from $440.00 to $502.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. One equities research 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.com, Ameriprise Financial has a consensus rating of “Hold” and an average target price of $494.89.

Insider Activity

In other Ameriprise Financial news, insider Joseph Edward Sweeney sold 10,735 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $549.68, for a total transaction of $5,900,814.80. Following the sale, the insider now directly owns 5,811 shares of the company’s stock, valued at approximately $3,194,190.48. This represents a 64.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Walter Stanley Berman sold 8,655 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 6,409 shares in the company, valued at $3,615,701.44. This represents a 57.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,715 shares of company stock valued at $11,983,436. Insiders own 0.73% 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.