Nisa Investment Advisors LLC Sells 3,156 Shares of Ameriprise Financial, Inc. $AMP

Nisa Investment Advisors LLC lowered its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 6.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 47,485 shares of the financial services provider’s stock after selling 3,156 shares during the period. Nisa Investment Advisors LLC’s holdings in Ameriprise Financial were worth $25,344,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in AMP. Whipplewood Advisors LLC grew its position in shares of Ameriprise Financial by 71.0% during the 2nd quarter. Whipplewood Advisors LLC now owns 53 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 22 shares during the period. Salomon & Ludwin LLC grew its holdings in Ameriprise Financial by 115.4% during the second quarter. Salomon & Ludwin LLC now owns 56 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 30 shares during the period. Wealth Preservation Advisors LLC bought a new position in Ameriprise Financial during the first quarter valued at $29,000. TD Capital Management LLC grew its holdings in Ameriprise Financial by 566.7% during the first quarter. TD Capital Management LLC now owns 60 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 51 shares during the period. Finally, WPG Advisers LLC bought a new position in Ameriprise Financial during the first quarter valued at $33,000. Institutional investors own 83.95% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on AMP shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Ameriprise Financial in a research note on Friday. Morgan Stanley cut their target price on shares of Ameriprise Financial from $530.00 to $484.00 and set an “underweight” rating for the company in a research report on Wednesday, October 1st. Piper Sandler increased their target price on shares of Ameriprise Financial from $423.00 to $434.00 and gave the stock an “underweight” rating in a research report on Thursday, July 3rd. Keefe, Bruyette & Woods increased their target price on shares of Ameriprise Financial from $520.00 to $550.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 9th. Finally, Royal Bank Of Canada raised their price objective on shares of Ameriprise Financial from $595.00 to $601.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Ameriprise Financial has an average rating of “Hold” and an average price target of $539.50.

Ameriprise Financial Price Performance

Shares of NYSE:AMP opened at $478.90 on Monday. Ameriprise Financial, Inc. has a 12 month low of $396.14 and a 12 month high of $582.05. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.95. The stock has a market cap of $45.15 billion, a P/E ratio of 14.90, a P/E/G ratio of 1.07 and a beta of 1.26. The company has a 50 day moving average of $494.36 and a 200 day moving average of $503.05.

Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings results on Thursday, July 24th. The financial services provider reported $9.11 EPS for the quarter, beating the consensus estimate of $9.00 by $0.11. Ameriprise Financial had a net margin of 18.30% and a return on equity of 65.90%. The firm had revenue of $4.49 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same period last year, the firm earned $8.72 EPS. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Ameriprise Financial, Inc. will post 38.64 EPS for the current fiscal year.

Insider Buying and Selling at Ameriprise Financial

In related news, EVP Heather J. Melloh sold 1,500 shares of Ameriprise Financial stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $512.34, for a total transaction of $768,510.00. Following the completion of the sale, the executive vice president owned 2,562 shares of the company’s stock, valued at approximately $1,312,615.08. This trade represents a 36.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William F. Truscott sold 9,929 shares of Ameriprise Financial stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $506.89, for a total value of $5,032,910.81. Following the sale, the chief executive officer directly owned 11,047 shares of the company’s stock, valued at $5,599,613.83. This represents a 47.34% decrease in their position. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by company insiders.

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.