Ameriprise Financial, Inc. (NYSE:AMP) Stock Holdings Cut by New Century Financial Group LLC

New Century Financial Group LLC cut its position in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 14.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,303 shares of the financial services provider’s stock after selling 222 shares during the quarter. New Century Financial Group LLC’s holdings in Ameriprise Financial were worth $698,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Janney Montgomery Scott LLC raised its position in Ameriprise Financial by 4.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 26,304 shares of the financial services provider’s stock worth $14,005,000 after acquiring an additional 1,061 shares in the last quarter. Albion Financial Group UT acquired a new position in shares of Ameriprise Financial in the 4th quarter worth approximately $46,000. Dakota Wealth Management raised its holdings in shares of Ameriprise Financial by 2.7% in the 4th quarter. Dakota Wealth Management now owns 798 shares of the financial services provider’s stock worth $425,000 after purchasing an additional 21 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Ameriprise Financial by 4.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 52,522 shares of the financial services provider’s stock valued at $27,964,000 after purchasing an additional 2,215 shares during the last quarter. Finally, Simon Quick Advisors LLC lifted its stake in Ameriprise Financial by 9.2% during the fourth quarter. Simon Quick Advisors LLC now owns 510 shares of the financial services provider’s stock valued at $272,000 after purchasing an additional 43 shares during the last quarter. Institutional investors own 83.95% of the company’s stock.

Insider Buying and Selling

In other Ameriprise Financial news, insider Gumer Alvero sold 2,325 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $516.05, for a total value of $1,199,816.25. Following the transaction, the insider now owns 4,669 shares in the company, valued at $2,409,437.45. The trade was a 33.24 % 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 firm’s 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 sale, the chief financial officer now directly owns 6,409 shares of the company’s stock, 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. Over the last three months, insiders sold 21,715 shares of company stock worth $11,983,436. 0.73% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on AMP shares. 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 report on Friday, October 25th. The Goldman Sachs Group lowered Ameriprise Financial from a “buy” rating to a “neutral” rating and cut their target price for the stock from $485.00 to $476.00 in a research report on Thursday, September 26th. Keefe, Bruyette & Woods reduced their target price 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. Morgan Stanley lifted 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. Finally, UBS Group lowered shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $580.00 to $570.00 in a research note on Monday, January 6th. One 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 company’s stock. According to data from MarketBeat.com, Ameriprise Financial currently has an average rating of “Hold” and an average price target of $494.89.

Ameriprise Financial Trading Up 0.3 %

Shares of NYSE AMP opened at $563.49 on Friday. 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, Inc. has a one year low of $370.12 and a one year high of $577.00. The business has a 50-day moving average price of $548.17 and a two-hundred day moving average price of $491.97. The firm has a market capitalization of $54.66 billion, a PE ratio of 21.63, a PEG 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.