Ameriprise Financial, Inc. (AMP) Position Decreased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its stake in Ameriprise Financial, Inc. (NYSE:AMP) by 0.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 61,032 shares of the financial services provider’s stock after selling 550 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Ameriprise Financial were worth $10,343,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in AMP. Neuberger Berman Group LLC boosted its position in shares of Ameriprise Financial by 0.3% in the 2nd quarter. Neuberger Berman Group LLC now owns 9,097 shares of the financial services provider’s stock valued at $1,158,000 after purchasing an additional 29 shares during the period. Private Advisor Group LLC boosted its position in shares of Ameriprise Financial by 27.8% in the 2nd quarter. Private Advisor Group LLC now owns 3,334 shares of the financial services provider’s stock valued at $443,000 after purchasing an additional 726 shares during the period. CIBC World Markets Inc. boosted its position in shares of Ameriprise Financial by 12.0% in the 2nd quarter. CIBC World Markets Inc. now owns 5,389 shares of the financial services provider’s stock valued at $686,000 after purchasing an additional 577 shares during the period. Franklin Resources Inc. boosted its position in shares of Ameriprise Financial by 1.0% in the 2nd quarter. Franklin Resources Inc. now owns 31,937 shares of the financial services provider’s stock valued at $4,065,000 after purchasing an additional 316 shares during the period. Finally, Aberdeen Asset Management PLC UK boosted its position in shares of Ameriprise Financial by 14.1% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 42,765 shares of the financial services provider’s stock valued at $5,443,000 after purchasing an additional 5,294 shares during the period. Institutional investors and hedge funds own 81.51% of the company’s stock.

In other news, insider David Kent Stewart sold 603 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $160.72, for a total transaction of $96,914.16. Following the completion of the sale, the insider now directly owns 20,081 shares of the company’s stock, valued at approximately $3,227,418.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Robert Woerner sold 9,022 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $160.91, for a total value of $1,451,730.02. Following the sale, the insider now directly owns 43,167 shares of the company’s stock, valued at $6,946,001.97. The disclosure for this sale can be found here. Over the last three months, insiders sold 72,466 shares of company stock valued at $11,708,801. Company insiders own 1.50% of the company’s stock.

Shares of Ameriprise Financial, Inc. (NYSE:AMP) opened at $182.04 on Friday. The stock has a market capitalization of $26,929.18, a PE ratio of 15.48 and a beta of 1.93. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.67 and a quick ratio of 0.67. Ameriprise Financial, Inc. has a one year low of $110.75 and a one year high of $182.37.

Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $3.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.79 by $0.33. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.97 billion. Ameriprise Financial had a return on equity of 29.75% and a net margin of 14.24%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the business earned $2.29 EPS. analysts predict that Ameriprise Financial, Inc. will post 12.15 earnings per share for the current year.

AMP has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Ameriprise Financial from a “hold” rating to a “buy” rating and set a $195.00 price target for the company in a research report on Wednesday. ValuEngine downgraded Ameriprise Financial from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Barclays reissued an “equal weight” rating on shares of Ameriprise Financial in a research note on Monday, October 2nd. Royal Bank of Canada set a $168.00 price objective on Ameriprise Financial and gave the stock a “hold” rating in a research note on Saturday, December 16th. Finally, SunTrust Banks increased their price objective on Ameriprise Financial from $140.00 to $165.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $159.60.

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About Ameriprise Financial

Ameriprise Financial, Inc is a financial services company that offers financial solutions to individual and institutional clients. The Company operates in five segments: Advice & Wealth Management; Asset Management; Annuities; Protection, and Corporate & Other. The Company uses Ameriprise Financial as its enterprise brand, as well as the name of its advisor network and certain of its retail products and services.

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Institutional Ownership by Quarter for Ameriprise Financial (NYSE:AMP)

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