Ameriprise Financial, Inc. (NYSE:AMP) Shares Acquired by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC raised its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 22.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 957 shares of the financial services provider’s stock after purchasing an additional 173 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Ameriprise Financial were worth $510,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of AMP. Oakworth Capital Inc. purchased a new stake in shares of Ameriprise Financial during the 3rd quarter valued at $31,000. Country Trust Bank boosted its holdings in Ameriprise Financial by 213.6% in the third quarter. Country Trust Bank now owns 69 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 47 shares during the last quarter. Sound Income Strategies LLC purchased a new stake in Ameriprise Financial during the fourth quarter valued at about $36,000. Peterson Financial Group Inc. acquired a new stake in Ameriprise Financial during the third quarter worth about $45,000. Finally, Albion Financial Group UT purchased a new position in shares of Ameriprise Financial in the 4th quarter worth about $46,000. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Ameriprise Financial Stock Performance

NYSE:AMP opened at $563.49 on Friday. Ameriprise Financial, Inc. has a 1-year low of $370.12 and a 1-year high of $577.00. The stock has a market cap of $54.66 billion, a P/E ratio of 21.63, a PEG 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 firm has a 50-day moving average of $548.17 and a two-hundred day moving average of $491.97.

Insider Activity at Ameriprise Financial

In other Ameriprise Financial news, CFO Walter Stanley Berman sold 8,655 shares of the stock in a transaction 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 transaction, the chief financial officer now directly owns 6,409 shares in the company, valued at $3,615,701.44. This represents a 57.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Gumer Alvero sold 2,325 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was 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 of the company’s stock, valued at approximately $2,409,437.45. This represents a 33.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,715 shares of company stock valued at $11,983,436. Insiders own 0.73% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AMP. UBS Group cut Ameriprise Financial from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $580.00 to $570.00 in a report on Monday, January 6th. Keefe, Bruyette & Woods decreased their price objective on shares of 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 raised 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. Royal Bank of Canada upped their price target 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. Finally, The Goldman Sachs Group downgraded Ameriprise Financial from a “buy” rating to a “neutral” rating and lowered their price target for the company from $485.00 to $476.00 in a report on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $494.89.

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.