Ameriprise Financial, Inc. (NYSE:AMP) Shares Sold by Grimes & Company Inc.

Grimes & Company Inc. decreased its position in Ameriprise Financial, Inc. (NYSE:AMP) by 11.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,477 shares of the financial services provider’s stock after selling 184 shares during the quarter. Grimes & Company Inc.’s holdings in Ameriprise Financial were worth $786,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Oakworth Capital Inc. purchased a new stake in shares of Ameriprise Financial during the third quarter valued at $31,000. Country Trust Bank lifted its holdings 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 purchasing an additional 47 shares during the last quarter. Sound Income Strategies LLC purchased a new stake in shares of Ameriprise Financial during the fourth quarter valued at $36,000. Peterson Financial Group Inc. purchased a new stake in shares of Ameriprise Financial during the third quarter valued at $45,000. Finally, Albion Financial Group UT purchased a new stake in shares of Ameriprise Financial during the fourth quarter valued at $46,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

Ameriprise Financial Stock Up 0.0 %

AMP opened at $563.57 on Friday. Ameriprise Financial, Inc. has a fifty-two week low of $370.12 and a fifty-two week high of $577.00. The business has a 50-day moving average of $548.23 and a 200-day moving average of $493.41. 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 market capitalization of $54.67 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of 0.85 and a beta of 1.36.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AMP. Morgan Stanley upped their target price on Ameriprise Financial from $440.00 to $502.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Keefe, Bruyette & Woods reduced their price objective on 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. Royal Bank of Canada increased their price objective on Ameriprise Financial from $535.00 to $550.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, 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 note on Monday, January 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $494.89.

Insider Transactions at Ameriprise Financial

In other news, CFO Walter Stanley Berman sold 8,655 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $564.16, for a total transaction of $4,882,804.80. Following the completion of the sale, the chief financial officer now directly owns 6,409 shares of the company’s stock, valued at $3,615,701.44. This trade represents a 57.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph Edward Sweeney sold 10,735 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $549.68, for a total value of $5,900,814.80. Following the sale, the insider now directly owns 5,811 shares of the company’s stock, valued at $3,194,190.48. This trade represents a 64.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,715 shares of company stock valued at $11,983,436 in the last three months. Corporate insiders own 0.73% of the company’s stock.

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.