Linden Thomas Advisory Services LLC Has $2.07 Million Stock Holdings in Ameriprise Financial, Inc. (NYSE:AMP)

Linden Thomas Advisory Services LLC grew its position in Ameriprise Financial, Inc. (NYSE:AMP) by 6.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,882 shares of the financial services provider’s stock after purchasing an additional 231 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Ameriprise Financial were worth $2,067,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of AMP. AQR Capital Management LLC grew its position in shares of Ameriprise Financial by 28.5% in the second quarter. AQR Capital Management LLC now owns 109,870 shares of the financial services provider’s stock valued at $46,935,000 after purchasing an additional 24,374 shares during the last quarter. APG Asset Management N.V. boosted its stake in Ameriprise Financial by 219.7% during the 2nd quarter. APG Asset Management N.V. now owns 11,932 shares of the financial services provider’s stock valued at $4,756,000 after purchasing an additional 8,200 shares during the period. Delta Investment Management LLC acquired a new stake in Ameriprise Financial in the 2nd quarter valued at approximately $218,000. Daymark Wealth Partners LLC increased its position in Ameriprise Financial by 11.8% in the 2nd quarter. Daymark Wealth Partners LLC now owns 920 shares of the financial services provider’s stock worth $393,000 after buying an additional 97 shares during the period. Finally, MBB Public Markets I LLC acquired a new position in shares of Ameriprise Financial during the second quarter worth approximately $3,210,000. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Walter Stanley Berman sold 8,655 shares of the business’s stock in a transaction on Monday, November 11th. The shares were 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 owns 6,409 shares of the company’s stock, valued at $3,615,701.44. The trade was a 57.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Joseph Edward Sweeney sold 10,735 shares of the stock in a transaction 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 transaction, the insider now owns 5,811 shares of the company’s stock, valued at $3,194,190.48. The trade was a 64.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,715 shares of company stock valued at $11,983,436 in the last quarter. 0.73% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AMP shares. UBS Group lowered shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $580.00 to $570.00 in a research report on Monday, January 6th. Keefe, Bruyette & Woods lowered their price target on 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. Royal Bank of Canada raised their target price on Ameriprise Financial from $535.00 to $550.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, Morgan Stanley increased their target price on shares of Ameriprise Financial from $440.00 to $502.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $494.89.

Ameriprise Financial Stock Up 0.0 %

AMP stock opened at $563.57 on Friday. The business has a 50-day moving average of $548.23 and a 200-day moving average of $493.41. Ameriprise Financial, Inc. has a fifty-two week low of $370.12 and a fifty-two week high of $577.00. The stock has a market capitalization of $54.67 billion, a P/E 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.

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.