Ameriprise Financial, Inc. $AMP Stock Position Lifted by Boyd Watterson Asset Management LLC OH

Boyd Watterson Asset Management LLC OH boosted its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 5.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 474 shares of the financial services provider’s stock after purchasing an additional 24 shares during the period. Boyd Watterson Asset Management LLC OH’s holdings in Ameriprise Financial were worth $253,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMP. Brighton Jones LLC grew its position in Ameriprise Financial by 6.9% during the fourth quarter. Brighton Jones LLC now owns 777 shares of the financial services provider’s stock valued at $413,000 after purchasing an additional 50 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Ameriprise Financial by 7.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,917 shares of the financial services provider’s stock valued at $2,864,000 after purchasing an additional 420 shares in the last quarter. Amalgamated Bank grew its position in Ameriprise Financial by 2.1% during the first quarter. Amalgamated Bank now owns 20,356 shares of the financial services provider’s stock valued at $9,855,000 after purchasing an additional 428 shares in the last quarter. MorganRosel Wealth Management LLC grew its position in Ameriprise Financial by 41.9% during the first quarter. MorganRosel Wealth Management LLC now owns 2,774 shares of the financial services provider’s stock valued at $1,343,000 after purchasing an additional 819 shares in the last quarter. Finally, Alta Advisers Ltd purchased a new position in Ameriprise Financial during the first quarter valued at approximately $250,000. 83.95% of the stock is owned by hedge funds and other institutional investors.

Ameriprise Financial Price Performance

Shares of Ameriprise Financial stock opened at $484.72 on Tuesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.62 and a quick ratio of 0.62. Ameriprise Financial, Inc. has a fifty-two week low of $396.14 and a fifty-two week high of $582.05. The firm has a fifty day moving average price of $493.96 and a two-hundred day moving average price of $503.12. The company has a market cap of $45.69 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 1.07 and a beta of 1.26.

Analyst Ratings Changes

Several analysts have commented on AMP shares. William Blair downgraded shares of Ameriprise Financial from an “outperform” rating to a “market perform” rating in a research report on Friday, July 25th. Morgan Stanley decreased 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. Keefe, Bruyette & Woods boosted 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. Royal Bank Of Canada boosted their target price on shares of Ameriprise Financial from $595.00 to $601.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Finally, BMO Capital Markets started coverage on shares of Ameriprise Financial in a research report on Friday, October 3rd. They issued a “market perform” rating and a $525.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have issued 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 a consensus price target of $539.50.

Insider Activity

In other news, EVP Heather J. Melloh sold 1,500 shares of the business’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $512.34, for a total value of $768,510.00. Following the sale, the executive vice president owned 2,562 shares of the company’s stock, valued at $1,312,615.08. The trade was a 36.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO William F. Truscott sold 9,929 shares of the business’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $506.89, for a total transaction of $5,032,910.81. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.

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.