Nisa Investment Advisors LLC Boosts Stock Position in Ameriprise Financial, Inc. (NYSE:AMP)

Nisa Investment Advisors LLC raised its position in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 4.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 52,522 shares of the financial services provider’s stock after buying an additional 2,215 shares during the period. Nisa Investment Advisors LLC’s holdings in Ameriprise Financial were worth $27,964,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of AMP. Oakworth Capital Inc. bought a new position in shares of Ameriprise Financial during the 3rd quarter worth approximately $31,000. Country Trust Bank grew its holdings in Ameriprise Financial by 213.6% in the third quarter. Country Trust Bank now owns 69 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 47 shares during the last quarter. Peterson Financial Group Inc. acquired a new position in shares of Ameriprise Financial during the third quarter worth $45,000. Friedenthal Financial purchased a new stake in shares of Ameriprise Financial during the 4th quarter valued at $58,000. Finally, Trifecta Capital Advisors LLC boosted its position in shares of Ameriprise Financial by 31.4% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 138 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 33 shares in the last quarter. 83.95% of the stock is currently owned by institutional investors.

Insider Transactions at Ameriprise Financial

In other Ameriprise Financial news, insider Gumer Alvero sold 2,325 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $516.05, for a total value of $1,199,816.25. Following the completion of the transaction, the insider now directly owns 4,669 shares of the company’s stock, valued at approximately $2,409,437.45. The trade was a 33.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Walter Stanley Berman sold 8,655 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 6,409 shares in the company, valued at $3,615,701.44. The trade was a 57.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,715 shares of company stock worth $11,983,436 over the last quarter. 0.73% of the stock is currently owned by insiders.

Ameriprise Financial Price Performance

Shares of AMP opened at $561.72 on Thursday. The business’s 50-day moving average is $548.13 and its two-hundred day moving average is $491.48. The company has a market capitalization of $54.50 billion, a P/E ratio of 21.56, a P/E/G ratio of 0.84 and a beta of 1.36. Ameriprise Financial, Inc. has a fifty-two week low of $370.12 and a fifty-two week high of $577.00. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.65 and a current ratio of 0.65.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Royal Bank of Canada increased their price target on Ameriprise Financial from $535.00 to $550.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Keefe, Bruyette & Woods decreased their price objective on shares of Ameriprise Financial from $565.00 to $560.00 and set a “market perform” rating for the company in a research report on Friday, January 10th. The Goldman Sachs Group downgraded shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $485.00 to $476.00 in a research report on Thursday, September 26th. UBS Group cut shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $580.00 to $570.00 in a report on Monday, January 6th. Finally, Morgan Stanley boosted their price objective on shares of Ameriprise Financial from $440.00 to $502.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ameriprise Financial presently has a consensus rating of “Hold” and an average target price of $494.89.

Ameriprise Financial Company 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.