Ameriprise Financial, Inc. (NYSE:AMP) Shares Sold by Accel Wealth Management

Accel Wealth Management lessened its stake in Ameriprise Financial, Inc. (NYSE:AMPFree Report) by 16.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,415 shares of the financial services provider’s stock after selling 273 shares during the quarter. Accel Wealth Management’s holdings in Ameriprise Financial were worth $754,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Oakworth Capital Inc. bought a new stake in shares of Ameriprise Financial in the 3rd quarter valued at approximately $31,000. Country Trust Bank grew its position in shares of Ameriprise Financial by 213.6% during the third quarter. Country Trust Bank now owns 69 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 47 shares during the last quarter. Sound Income Strategies LLC acquired a new stake in shares of Ameriprise Financial in the fourth quarter valued at approximately $36,000. Peterson Financial Group Inc. acquired a new stake in Ameriprise Financial in the 3rd quarter valued at approximately $45,000. Finally, Albion Financial Group UT acquired a new position in shares of Ameriprise Financial during the fourth quarter valued at $46,000. 83.95% of the stock is owned by institutional investors and hedge funds.

Ameriprise Financial Stock Up 0.0 %

Shares of NYSE:AMP opened at $563.57 on Friday. Ameriprise Financial, Inc. has a one year low of $370.12 and a one year high of $577.00. The stock has a market cap of $54.67 billion, a price-to-earnings 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 current ratio of 0.65 and a quick ratio of 0.65. The company has a 50 day moving average of $548.23 and a 200-day moving average of $493.41.

Insider Buying and Selling at Ameriprise Financial

In other Ameriprise Financial news, insider Joseph Edward Sweeney sold 10,735 shares of Ameriprise Financial stock in a transaction dated 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 transaction, the insider now directly owns 5,811 shares in the company, valued at approximately $3,194,190.48. The trade was a 64.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Gumer Alvero sold 2,325 shares of Ameriprise Financial 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 transaction, the insider now owns 4,669 shares in the company, valued at $2,409,437.45. This trade represents a 33.24 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,715 shares of company stock worth $11,983,436. Insiders own 0.73% of the company’s stock.

Analyst Ratings Changes

AMP has been the topic of a number of research reports. Morgan Stanley boosted their price objective 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. Royal Bank of Canada lifted their price objective on shares of Ameriprise Financial from $535.00 to $550.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. UBS Group downgraded Ameriprise Financial from a “buy” rating to a “neutral” rating and dropped their target price for the company from $580.00 to $570.00 in a report on Monday, January 6th. Finally, Keefe, Bruyette & Woods dropped 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 research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $494.89.

View Our Latest Stock Report on AMP

Ameriprise Financial Profile

(Free Report)

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.

See Also

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:AMPFree Report).

Institutional Ownership by Quarter for Ameriprise Financial (NYSE:AMP)

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