KBC Group NV increased its position in shares of Ameriprise Financial, Inc. (NYSE:AMP – Free Report) by 19.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 135,327 shares of the financial services provider’s stock after purchasing an additional 22,212 shares during the quarter. KBC Group NV’s holdings in Ameriprise Financial were worth $72,052,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Czech National Bank raised its holdings in shares of Ameriprise Financial by 5.2% during the fourth quarter. Czech National Bank now owns 21,035 shares of the financial services provider’s stock worth $11,200,000 after purchasing an additional 1,033 shares during the period. Bridgewater Associates LP lifted its holdings in Ameriprise Financial by 97.8% in the third quarter. Bridgewater Associates LP now owns 50,510 shares of the financial services provider’s stock worth $23,730,000 after acquiring an additional 24,968 shares during the last quarter. Empowered Funds LLC boosted its stake in Ameriprise Financial by 19.9% in the third quarter. Empowered Funds LLC now owns 8,021 shares of the financial services provider’s stock valued at $3,768,000 after acquiring an additional 1,329 shares during the period. SpiderRock Advisors LLC raised its position in shares of Ameriprise Financial by 136.3% during the 3rd quarter. SpiderRock Advisors LLC now owns 3,237 shares of the financial services provider’s stock worth $1,521,000 after purchasing an additional 1,867 shares during the period. Finally, Aljian Capital Management LLC bought a new stake in shares of Ameriprise Financial in the 3rd quarter worth approximately $458,000. 83.95% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts recently commented on AMP shares. Keefe, Bruyette & Woods lowered their price objective on Ameriprise Financial from $565.00 to $560.00 and set a “market perform” rating for the company in a research note on Friday, January 10th. Morgan Stanley increased their price objective on shares of Ameriprise Financial from $440.00 to $502.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Royal Bank of Canada boosted their target price on shares of Ameriprise Financial from $535.00 to $550.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, UBS Group lowered shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and dropped their price target for the company from $580.00 to $570.00 in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $494.89.
Ameriprise Financial Price Performance
NYSE AMP opened at $563.57 on Monday. Ameriprise Financial, Inc. has a 1 year low of $370.12 and a 1 year high of $577.00. The business’s fifty day moving average is $548.23 and its two-hundred day moving average is $493.83. The stock 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.
Insider Buying and Selling
In other Ameriprise Financial news, insider Gumer Alvero sold 2,325 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $516.05, for a total value of $1,199,816.25. Following the completion of the transaction, the insider now directly owns 4,669 shares in the company, valued at $2,409,437.45. This trade represents a 33.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Walter Stanley Berman sold 8,655 shares of the business’s 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 sale, the chief financial officer now owns 6,409 shares in the company, valued at $3,615,701.44. This represents a 57.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,715 shares of company stock worth $11,983,436 in the last three months. 0.73% of the stock is currently owned by insiders.
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.
Recommended Stories
- Five stocks we like better than Ameriprise Financial
- 3 Warren Buffett Stocks to Buy Now
- 3 Energy ETFs That Could Power Big Gains This Year
- The Role Economic Reports Play in a Successful Investment Strategy
- 5 Space Stocks to Watch as the Industry Reaches New Heights
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- MP Materials: Rare Earth Elements Powering the EV Boom
Want to see what other hedge funds are holding AMP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ameriprise Financial, Inc. (NYSE:AMP – Free Report).
Receive News & Ratings for Ameriprise Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameriprise Financial and related companies with MarketBeat.com's FREE daily email newsletter.