New Century Financial Group LLC Has $698,000 Holdings in Ameriprise Financial, Inc. (NYSE:AMP)

New Century Financial Group LLC trimmed its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 14.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,303 shares of the financial services provider’s stock after selling 222 shares during the quarter. New Century Financial Group LLC’s holdings in Ameriprise Financial were worth $698,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Janney Montgomery Scott LLC boosted its stake in shares of Ameriprise Financial by 4.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 26,304 shares of the financial services provider’s stock worth $14,005,000 after acquiring an additional 1,061 shares in the last quarter. Albion Financial Group UT bought a new stake in Ameriprise Financial during the fourth quarter worth approximately $46,000. Dakota Wealth Management boosted its position in Ameriprise Financial by 2.7% during the fourth quarter. Dakota Wealth Management now owns 798 shares of the financial services provider’s stock worth $425,000 after purchasing an additional 21 shares during the period. Nisa Investment Advisors LLC grew its holdings in Ameriprise Financial by 4.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 52,522 shares of the financial services provider’s stock valued at $27,964,000 after purchasing an additional 2,215 shares during the last quarter. Finally, Simon Quick Advisors LLC raised its position in shares of Ameriprise Financial by 9.2% in the fourth quarter. Simon Quick Advisors LLC now owns 510 shares of the financial services provider’s stock valued at $272,000 after purchasing an additional 43 shares during the period. 83.95% of the stock is currently owned by institutional investors.

Insider Activity at Ameriprise Financial

In related news, insider Gumer Alvero sold 2,325 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 4,669 shares of the company’s stock, valued at $2,409,437.45. The trade was a 33.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction, the chief financial officer now owns 6,409 shares of the company’s stock, valued at approximately $3,615,701.44. This represents a 57.45 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,715 shares of company stock worth $11,983,436. 0.73% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on AMP shares. Royal Bank of Canada upped their price objective on shares of Ameriprise Financial from $535.00 to $550.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. 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 research report on Thursday, September 26th. Morgan Stanley boosted their price objective on Ameriprise Financial from $440.00 to $502.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods lowered their target price 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. Finally, UBS Group downgraded Ameriprise Financial from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $580.00 to $570.00 in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $494.89.

Ameriprise Financial Price Performance

Shares of AMP stock opened at $563.49 on Friday. Ameriprise Financial, Inc. has a 12 month low of $370.12 and a 12 month high of $577.00. The company has a market capitalization of $54.66 billion, a P/E ratio of 21.63, a P/E/G ratio of 0.85 and a beta of 1.36. The stock has a 50 day moving average of $548.17 and a two-hundred day moving average of $491.97. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.99.

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.