Teacher Retirement System of Texas Has $15.04 Million Holdings in Ameriprise Financial, Inc. $AMP

Teacher Retirement System of Texas cut its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 24.8% in the second quarter, HoldingsChannel reports. The fund owned 28,171 shares of the financial services provider’s stock after selling 9,278 shares during the quarter. Teacher Retirement System of Texas’ holdings in Ameriprise Financial were worth $15,036,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AMP. Brighton Jones LLC boosted its position in Ameriprise Financial by 6.9% during the 4th quarter. Brighton Jones LLC now owns 777 shares of the financial services provider’s stock worth $413,000 after acquiring an additional 50 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in Ameriprise Financial by 7.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,917 shares of the financial services provider’s stock worth $2,864,000 after acquiring an additional 420 shares during the period. Amalgamated Bank boosted its position in Ameriprise Financial by 2.1% during the 1st quarter. Amalgamated Bank now owns 20,356 shares of the financial services provider’s stock worth $9,855,000 after acquiring an additional 428 shares during the period. Alta Advisers Ltd acquired a new stake in Ameriprise Financial during the 1st quarter worth about $250,000. Finally, Vontobel Holding Ltd. boosted its position in Ameriprise Financial by 9.7% during the 1st quarter. Vontobel Holding Ltd. now owns 7,749 shares of the financial services provider’s stock worth $3,751,000 after acquiring an additional 686 shares during the period. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Ameriprise Financial Stock Up 0.0%

AMP opened at $484.67 on Wednesday. The business has a 50 day moving average price of $493.54 and a 200 day moving average price of $503.32. Ameriprise Financial, Inc. has a twelve month low of $396.14 and a twelve month high of $582.05. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.62 and a current ratio of 0.62. The firm has a market cap of $45.69 billion, a P/E ratio of 15.08, a price-to-earnings-growth ratio of 1.08 and a beta of 1.26.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of Ameriprise Financial in a research report on Wednesday, October 8th. William Blair lowered Ameriprise Financial from an “outperform” rating to a “market perform” rating in a report on Friday, July 25th. Morgan Stanley reduced their price target on Ameriprise Financial from $530.00 to $484.00 and set an “underweight” rating for the company in a report on Wednesday, October 1st. Keefe, Bruyette & Woods lifted their price target on Ameriprise Financial from $520.00 to $550.00 and gave the company a “market perform” rating in a report on Wednesday, July 9th. Finally, Raymond James Financial lifted their price target on Ameriprise Financial from $518.00 to $582.00 and gave the company a “strong-buy” rating in a report on Friday, July 25th. 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $539.50.

Insider Activity at Ameriprise Financial

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