Empirical Financial Services LLC d.b.a. Empirical Wealth Management Buys 204 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 24.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,035 shares of the financial services provider’s stock after purchasing an additional 204 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Ameriprise Financial were worth $551,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of AMP. Oakworth Capital Inc. purchased a new position in shares of Ameriprise Financial during the third quarter valued at approximately $31,000. Country Trust Bank increased its stake 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 valued at $32,000 after buying an additional 47 shares during the period. Sound Income Strategies LLC purchased a new position in shares of Ameriprise Financial during the fourth quarter valued at approximately $36,000. Peterson Financial Group Inc. purchased a new position in shares of Ameriprise Financial during the third quarter valued at approximately $45,000. Finally, Albion Financial Group UT purchased a new position in shares of Ameriprise Financial during the fourth quarter valued at approximately $46,000. 83.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Morgan Stanley boosted their target price on Ameriprise Financial from $440.00 to $502.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. UBS Group cut Ameriprise Financial from a “buy” rating to a “neutral” rating and reduced their target price for the company from $580.00 to $570.00 in a research note on Monday, January 6th. Royal Bank of Canada restated an “outperform” rating and set a $625.00 price target on shares of Ameriprise Financial in a research report on Monday. Finally, Keefe, Bruyette & Woods dropped their price target on Ameriprise Financial from $565.00 to $560.00 and set a “market perform” rating on the stock in a research report on Friday, January 10th. One equities 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 stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $503.22.

Ameriprise Financial Trading Up 1.9 %

Ameriprise Financial stock opened at $571.93 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.99. The business’s fifty day simple moving average is $548.14 and its two-hundred day simple moving average is $495.06. Ameriprise Financial, Inc. has a 12 month low of $378.05 and a 12 month high of $577.00. The company has a market capitalization of $55.48 billion, a price-to-earnings ratio of 21.96, a price-to-earnings-growth ratio of 0.85 and a beta of 1.36.

Insiders Place Their Bets

In other Ameriprise Financial news, CFO Walter Stanley Berman sold 8,655 shares of the business’s stock in a transaction on 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 approximately $3,615,701.44. The trade was a 57.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Gumer Alvero sold 2,325 shares of the company’s stock in a transaction on 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 directly owns 4,669 shares in the company, valued at approximately $2,409,437.45. The trade was a 33.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,715 shares of company stock valued at $11,983,436. 0.73% of the stock is currently owned by corporate insiders.

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.