Atomi Financial Group Inc. Raises Stock Holdings in Ameriprise Financial, Inc. (NYSE:AMP)

Atomi Financial Group Inc. grew its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 18.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 789 shares of the financial services provider’s stock after acquiring an additional 125 shares during the quarter. Atomi Financial Group Inc.’s holdings in Ameriprise Financial were worth $420,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. AQR Capital Management LLC grew its position in Ameriprise Financial by 28.5% in the 2nd quarter. AQR Capital Management LLC now owns 109,870 shares of the financial services provider’s stock worth $46,935,000 after purchasing an additional 24,374 shares during the period. APG Asset Management N.V. grew its holdings in shares of Ameriprise Financial by 219.7% in the second quarter. APG Asset Management N.V. now owns 11,932 shares of the financial services provider’s stock worth $4,756,000 after acquiring an additional 8,200 shares during the period. Delta Investment Management LLC purchased a new stake in Ameriprise Financial during the second quarter valued at $218,000. Daymark Wealth Partners LLC lifted its holdings in Ameriprise Financial by 11.8% in the second quarter. Daymark Wealth Partners LLC now owns 920 shares of the financial services provider’s stock valued at $393,000 after acquiring an additional 97 shares during the period. Finally, MBB Public Markets I LLC purchased a new position in Ameriprise Financial in the second quarter worth about $3,210,000. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Ameriprise Financial Trading Up 0.0 %

Shares of Ameriprise Financial stock opened at $563.57 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.65 and a current ratio of 0.65. The company has a fifty day moving average of $548.20 and a 200 day moving average of $492.47. The company has a market capitalization of $54.67 billion, a P/E ratio of 21.63, a P/E/G ratio of 0.85 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.

Insider Buying and Selling

In other Ameriprise Financial news, insider Gumer Alvero sold 2,325 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $516.05, for a total transaction of $1,199,816.25. Following the completion of the transaction, the insider now owns 4,669 shares of the company’s stock, valued at $2,409,437.45. This represents a 33.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Walter Stanley Berman sold 8,655 shares of Ameriprise Financial stock in a transaction dated 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 completion of the sale, the chief financial officer now directly owns 6,409 shares in the company, valued at $3,615,701.44. This trade represents a 57.45 % decrease in their ownership of the stock. 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. 0.73% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on AMP shares. Keefe, Bruyette & Woods reduced their price target 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. UBS Group downgraded 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 research report on Monday, January 6th. 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 research report on Thursday, October 17th. Finally, Royal Bank of Canada raised their target price on Ameriprise Financial from $535.00 to $550.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $494.89.

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.