Ameriprise Financial, Inc. (NYSE:AMP) Shares Purchased by Ferguson Wellman Capital Management Inc.

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Ferguson Wellman Capital Management Inc. raised its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,237 shares of the financial services provider’s stock after buying an additional 1,973 shares during the period. Ferguson Wellman Capital Management Inc. owned about 0.08% of Ameriprise Financial worth $17,364,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. New Potomac Partners LLC increased its stake in shares of Ameriprise Financial by 1.0% in the fourth quarter. New Potomac Partners LLC now owns 12,555 shares of the financial services provider’s stock worth $2,091,000 after buying an additional 130 shares during the last quarter. Copperwynd Financial LLC increased its stake in shares of Ameriprise Financial by 3.1% in the fourth quarter. Copperwynd Financial LLC now owns 3,880 shares of the financial services provider’s stock worth $646,000 after buying an additional 117 shares during the last quarter. Savior LLC bought a new stake in shares of Ameriprise Financial in the fourth quarter worth $44,000. Asset Advisors Investment Management LLC bought a new stake in shares of Ameriprise Financial in the fourth quarter worth $522,000. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Ameriprise Financial in the fourth quarter worth $13,513,000. 81.32% of the stock is currently owned by hedge funds and other institutional investors.

In other Ameriprise Financial news, insider Joseph Edward Sweeney sold 8,100 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $167.50, for a total transaction of $1,356,750.00. Following the completion of the sale, the insider now owns 19,669 shares in the company, valued at $3,294,557.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider John Robert Woerner sold 6,477 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $154.13, for a total transaction of $998,300.01. Following the sale, the insider now owns 27,196 shares of the company’s stock, valued at approximately $4,191,719.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,880 shares of company stock valued at $2,403,127. 1.90% of the stock is owned by insiders.

A number of brokerages recently issued reports on AMP. Morgan Stanley lowered shares of Ameriprise Financial from an “overweight” rating to an “equal weight” rating and set a $175.00 price target for the company. in a research note on Tuesday, January 7th. They noted that the move was a valuation call. Royal Bank of Canada upgraded shares of Ameriprise Financial from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $149.00 to $190.00 in a research note on Friday, January 3rd. ValuEngine lowered shares of Ameriprise Financial from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 24th. Finally, Zacks Investment Research lowered shares of Ameriprise Financial from a “hold” rating to a “sell” rating and set a $149.00 price target for the company. in a research note on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. Ameriprise Financial currently has a consensus rating of “Buy” and an average target price of $179.25.

AMP stock opened at $171.38 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.83 and a quick ratio of 0.83. Ameriprise Financial, Inc. has a 1-year low of $117.09 and a 1-year high of $173.75. The firm has a fifty day moving average price of $167.94 and a two-hundred day moving average price of $150.28. The firm has a market cap of $22.40 billion, a price-to-earnings ratio of 12.08 and a beta of 1.86.

Ameriprise Financial (NYSE:AMP) last released its earnings results on Wednesday, October 23rd. The financial services provider reported $4.24 earnings per share for the quarter, beating the consensus estimate of $4.09 by $0.15. Ameriprise Financial had a net margin of 15.31% and a return on equity of 37.50%. The firm had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3 billion. During the same quarter in the previous year, the firm earned $3.74 earnings per share. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, analysts expect that Ameriprise Financial, Inc. will post 16.17 EPS for the current fiscal year.

Ameriprise Financial Company Profile

Ameriprise Financial, Inc, through its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through five segments: Advice & Wealth Management, Asset Management, Annuities, Protection, and Corporate & Other.

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

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