R Squared Ltd Purchases Shares of 920 Ameriprise Financial, Inc. (NYSE:AMP)

R Squared Ltd acquired a new position in Ameriprise Financial, Inc. (NYSE:AMP) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 920 shares of the financial services provider’s stock, valued at approximately $490,000. Ameriprise Financial accounts for approximately 0.5% of R Squared Ltd’s investment portfolio, making the stock its 28th largest position.

Several other large investors have also made changes to their positions in the business. Czech National Bank grew its position in Ameriprise Financial by 5.2% in the 4th 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 last quarter. Bridgewater Associates LP grew its position in Ameriprise Financial by 97.8% during the third quarter. Bridgewater Associates LP now owns 50,510 shares of the financial services provider’s stock worth $23,730,000 after buying an additional 24,968 shares in the last quarter. Empowered Funds LLC increased its stake in Ameriprise Financial by 19.9% during 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 lifted its position in shares of Ameriprise Financial by 136.3% in the 3rd quarter. SpiderRock Advisors LLC now owns 3,237 shares of the financial services provider’s stock worth $1,521,000 after acquiring an additional 1,867 shares during the period. Finally, Aljian Capital Management LLC acquired a new stake in shares of Ameriprise Financial during the 3rd quarter worth approximately $458,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

Ameriprise Financial Trading Up 1.9 %

AMP stock opened at $571.93 on Wednesday. The business has a fifty day moving average price of $548.14 and a 200 day moving average price of $495.06. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.65 and a quick ratio of 0.65. Ameriprise Financial, Inc. has a fifty-two week low of $378.05 and a fifty-two week high of $577.00. The stock has a market capitalization of $55.48 billion, a price-to-earnings ratio of 21.96, a P/E/G ratio of 0.85 and a beta of 1.36.

Insider Activity

In other Ameriprise Financial news, insider Gumer Alvero sold 2,325 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $516.05, for a total transaction of $1,199,816.25. Following the transaction, the insider now directly owns 4,669 shares in the company, valued at approximately $2,409,437.45. This represents a 33.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joseph Edward Sweeney sold 10,735 shares of Ameriprise Financial stock in a transaction that occurred 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 sale, the insider now owns 5,811 shares of the company’s stock, 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. Over the last ninety days, insiders sold 21,715 shares of company stock worth $11,983,436. 0.73% of the stock is owned by corporate insiders.

Analyst Ratings Changes

AMP has been the subject of a number of recent research reports. Keefe, Bruyette & Woods cut their target price 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. UBS Group downgraded shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $580.00 to $570.00 in a report on Monday, January 6th. Morgan Stanley upped their target price on shares of Ameriprise Financial from $440.00 to $502.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $625.00 price target on shares of Ameriprise Financial in a research note on Monday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $503.22.

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.