Hengehold Capital Management LLC Has $459,000 Stock Position in Ameriprise Financial, Inc. (NYSE:AMP)

Hengehold Capital Management LLC boosted its holdings in Ameriprise Financial, Inc. (NYSE:AMP) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 863 shares of the financial services provider’s stock after buying an additional 25 shares during the quarter. Hengehold Capital Management LLC’s holdings in Ameriprise Financial were worth $459,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. AE Wealth Management LLC grew its holdings in Ameriprise Financial by 28.6% during the 2nd quarter. AE Wealth Management LLC now owns 2,042 shares of the financial services provider’s stock worth $872,000 after acquiring an additional 454 shares during the period. Ensign Peak Advisors Inc increased its stake in Ameriprise Financial by 8.8% during the 2nd quarter. Ensign Peak Advisors Inc now owns 13,695 shares of the financial services provider’s stock valued at $5,850,000 after purchasing an additional 1,110 shares in the last quarter. 1832 Asset Management L.P. raised its holdings in Ameriprise Financial by 33.9% during the second quarter. 1832 Asset Management L.P. now owns 6,148 shares of the financial services provider’s stock worth $2,626,000 after buying an additional 1,557 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Ameriprise Financial by 58.8% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 19,190 shares of the financial services provider’s stock valued at $8,198,000 after buying an additional 7,107 shares in the last quarter. Finally, Insigneo Advisory Services LLC increased its position in shares of Ameriprise Financial by 6.3% during the second quarter. Insigneo Advisory Services LLC now owns 1,904 shares of the financial services provider’s stock worth $746,000 after acquiring an additional 113 shares in the last quarter. Institutional investors and hedge funds own 83.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on AMP shares. Morgan Stanley lifted their price target on Ameriprise Financial from $440.00 to $502.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. The Goldman Sachs Group cut 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. Royal Bank of Canada upped their price target on Ameriprise Financial from $535.00 to $550.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods cut their price objective on Ameriprise Financial from $565.00 to $560.00 and set a “market perform” rating for the company in a report on Friday, January 10th. Finally, UBS Group lowered shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and reduced their target price for the company from $580.00 to $570.00 in a report on Monday, January 6th. 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’s stock. According to MarketBeat.com, Ameriprise Financial presently has an average rating of “Hold” and a consensus price target of $494.89.

Insider Buying and Selling

In related news, CFO Walter Stanley Berman sold 8,655 shares of Ameriprise Financial stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $564.16, for a total value of $4,882,804.80. Following the completion of the transaction, the chief financial officer now owns 6,409 shares in the company, valued at approximately $3,615,701.44. This trade represents a 57.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph Edward Sweeney sold 10,735 shares of the business’s 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 in the company, valued at approximately $3,194,190.48. This represents a 64.88 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,715 shares of company stock valued at $11,983,436. Corporate insiders own 0.73% of the company’s stock.

Ameriprise Financial Stock Up 0.3 %

Shares of AMP stock opened at $563.49 on Friday. Ameriprise Financial, Inc. has a 12 month low of $370.12 and a 12 month high of $577.00. The company has a 50 day simple moving average of $548.17 and a two-hundred day simple moving average of $491.97. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.99. The stock has a market cap of $54.66 billion, a P/E ratio of 21.63, a P/E/G ratio of 0.85 and a beta of 1.36.

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.