Bartlett & CO. Wealth Management LLC Sells 25 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Bartlett & CO. Wealth Management LLC trimmed its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,168 shares of the financial services provider’s stock after selling 25 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Ameriprise Financial were worth $3,816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Oakworth Capital Inc. acquired a new stake in Ameriprise Financial during the 3rd quarter worth about $31,000. Country Trust Bank boosted its position in shares of Ameriprise Financial by 213.6% during the 3rd 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 in the last quarter. Peterson Financial Group Inc. acquired a new stake in Ameriprise Financial during the third quarter worth approximately $45,000. Albion Financial Group UT bought a new stake in Ameriprise Financial in the fourth quarter worth approximately $46,000. Finally, Friedenthal Financial acquired a new position in shares of Ameriprise Financial during the 4th quarter valued at $58,000. 83.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMP has been the subject of a number of analyst reports. The Goldman Sachs Group cut shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $485.00 to $476.00 in a report on Thursday, September 26th. UBS Group downgraded Ameriprise Financial from a “buy” rating to a “neutral” rating and cut their price target for the company from $580.00 to $570.00 in a research note on Monday, January 6th. 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. Keefe, Bruyette & Woods dropped 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, Morgan Stanley upped their price target on Ameriprise Financial from $440.00 to $502.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. One investment 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $494.89.

Ameriprise Financial Stock Performance

Shares of Ameriprise Financial stock opened at $563.49 on Friday. The business’s fifty day simple moving average is $548.17 and its 200 day simple moving average is $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. The firm has a market capitalization of $54.66 billion, a P/E ratio of 21.63, a price-to-earnings-growth ratio of 0.85 and a beta of 1.36. Ameriprise Financial, Inc. has a 12 month low of $370.12 and a 12 month high of $577.00.

Insider Buying and Selling

In other Ameriprise Financial news, insider Joseph Edward Sweeney sold 10,735 shares of the business’s stock in a transaction on 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 in the company, valued at $3,194,190.48. The trade was a 64.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Walter Stanley Berman sold 8,655 shares of the 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 transaction, the chief financial officer now owns 6,409 shares of the company’s stock, 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. Over the last 90 days, insiders sold 21,715 shares of company stock worth $11,983,436. Insiders own 0.73% of the company’s stock.

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.