Dakota Wealth Management Boosts Stock Holdings in Ameriprise Financial, Inc. (NYSE:AMP)

Dakota Wealth Management boosted its position in Ameriprise Financial, Inc. (NYSE:AMP) by 2.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 798 shares of the financial services provider’s stock after buying an additional 21 shares during the quarter. Dakota Wealth Management’s holdings in Ameriprise Financial were worth $425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Oakworth Capital Inc. bought a new stake in Ameriprise Financial in the 3rd quarter valued at about $31,000. Country Trust Bank raised its position in shares of Ameriprise Financial by 213.6% in the third 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 during the period. Peterson Financial Group Inc. bought a new stake in shares of Ameriprise Financial in the third quarter valued at approximately $45,000. Friedenthal Financial purchased a new stake in shares of Ameriprise Financial during the 4th quarter valued at approximately $58,000. Finally, Trifecta Capital Advisors LLC boosted its holdings in Ameriprise Financial by 31.4% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 138 shares of the financial services provider’s stock worth $65,000 after buying an additional 33 shares during the period. 83.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AMP has been the topic of several recent research reports. UBS Group downgraded Ameriprise Financial from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $580.00 to $570.00 in a research report on Monday, January 6th. Morgan Stanley increased their price objective on Ameriprise Financial from $440.00 to $502.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Royal Bank of Canada lifted their target price on Ameriprise Financial from $535.00 to $550.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Ameriprise Financial from $565.00 to $560.00 and set a “market perform” rating on the stock in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Ameriprise Financial has a consensus rating of “Hold” and an average target price of $494.89.

Insider Transactions at Ameriprise Financial

In related news, insider Gumer Alvero sold 2,325 shares of the company’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $516.05, for a total value of $1,199,816.25. Following the completion of the transaction, the insider now directly owns 4,669 shares in the company, valued at approximately $2,409,437.45. The trade was a 33.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Walter Stanley Berman sold 8,655 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $564.16, for a total value of $4,882,804.80. Following the completion of the transaction, the chief financial officer now directly owns 6,409 shares in the company, valued at approximately $3,615,701.44. This represents a 57.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,715 shares of company stock valued at $11,983,436 in the last quarter. Insiders own 0.73% of the company’s stock.

Ameriprise Financial Stock Up 0.0 %

AMP stock opened at $563.57 on Friday. The company’s 50 day moving average is $548.23 and its 200 day moving average is $493.41. The stock has a market cap of $54.67 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 0.85 and a beta of 1.36. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.99. Ameriprise Financial, Inc. has a 1-year low of $370.12 and a 1-year high of $577.00.

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.