Janney Montgomery Scott LLC raised its position in Ameriprise Financial, Inc. (NYSE:AMP – Free Report) by 4.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 26,304 shares of the financial services provider’s stock after purchasing an additional 1,061 shares during the period. Janney Montgomery Scott LLC’s holdings in Ameriprise Financial were worth $14,005,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Czech National Bank lifted its stake in shares of Ameriprise Financial by 5.2% in the fourth quarter. Czech National Bank now owns 21,035 shares of the financial services provider’s stock worth $11,200,000 after buying an additional 1,033 shares in the last quarter. Bridgewater Associates LP raised its holdings in Ameriprise Financial by 97.8% in the 3rd quarter. Bridgewater Associates LP now owns 50,510 shares of the financial services provider’s stock valued at $23,730,000 after acquiring an additional 24,968 shares during the last quarter. Empowered Funds LLC lifted its stake in Ameriprise Financial by 19.9% in the 3rd quarter. Empowered Funds LLC now owns 8,021 shares of the financial services provider’s stock worth $3,768,000 after purchasing an additional 1,329 shares in the last quarter. SpiderRock Advisors LLC boosted its holdings in shares of Ameriprise Financial by 136.3% during the 3rd quarter. SpiderRock Advisors LLC now owns 3,237 shares of the financial services provider’s stock worth $1,521,000 after purchasing an additional 1,867 shares during the last quarter. Finally, Aljian Capital Management LLC purchased a new stake in shares of Ameriprise Financial in the third quarter valued at approximately $458,000. Institutional investors and hedge funds own 83.95% of the company’s stock.
Ameriprise Financial Stock Performance
Shares of AMP stock opened at $563.57 on Monday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market cap 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 firm’s 50 day moving average price is $548.23 and its 200-day moving average price is $493.83. Ameriprise Financial, Inc. has a one year low of $370.12 and a one year high of $577.00.
Insiders Place Their Bets
Analysts Set New Price Targets
A number of equities analysts recently commented on the company. UBS Group downgraded 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 research report on Monday, January 6th. Keefe, Bruyette & Woods reduced their price target on Ameriprise Financial from $565.00 to $560.00 and set a “market perform” rating on the stock in a report on Friday, January 10th. Royal Bank of Canada upped their price objective on shares of Ameriprise Financial from $535.00 to $550.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, Morgan Stanley lifted 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 note on Thursday, October 17th. 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $494.89.
Check Out Our Latest Analysis on AMP
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.
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