Hengehold Capital Management LLC Boosts Holdings in Ameriprise Financial, Inc. (NYSE:AMP)

Hengehold Capital Management LLC lifted its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 3.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 863 shares of the financial services provider’s stock after acquiring an additional 25 shares during the period. Hengehold Capital Management LLC’s holdings in Ameriprise Financial were worth $459,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in AMP. Oakworth Capital Inc. purchased a new stake in shares of Ameriprise Financial in the 3rd quarter valued at $31,000. Country Trust Bank grew its holdings in 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. acquired a new position in shares of Ameriprise Financial during the 3rd quarter worth approximately $45,000. Albion Financial Group UT acquired a new stake in Ameriprise Financial in the 4th quarter valued at $46,000. Finally, Friedenthal Financial acquired a new position in Ameriprise Financial during the fourth quarter worth $58,000. 83.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ameriprise Financial

In other Ameriprise Financial news, insider Gumer Alvero sold 2,325 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 4,669 shares of the company’s stock, valued at approximately $2,409,437.45. This trade represents a 33.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Walter Stanley Berman sold 8,655 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $564.16, for a total transaction of $4,882,804.80. Following the completion of the transaction, the chief financial officer now owns 6,409 shares of the company’s stock, valued at $3,615,701.44. This represents a 57.45 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,715 shares of company stock valued at $11,983,436. Insiders own 0.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AMP. The Goldman Sachs Group lowered shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and decreased their price target for the company from $485.00 to $476.00 in a research note on Thursday, September 26th. Morgan Stanley boosted their target price on Ameriprise Financial from $440.00 to $502.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Keefe, Bruyette & Woods reduced their price target on Ameriprise Financial from $565.00 to $560.00 and set a “market perform” rating on the stock in a report on Friday, January 10th. Royal Bank of Canada upped their price objective on Ameriprise Financial from $535.00 to $550.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, UBS Group downgraded Ameriprise Financial from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $580.00 to $570.00 in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued 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 Price Performance

AMP stock opened at $563.49 on Friday. The business’s 50-day moving average is $548.17 and its two-hundred day moving average is $491.97. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.65 and a quick ratio of 0.65. Ameriprise Financial, Inc. has a 1 year low of $370.12 and a 1 year high of $577.00. The firm has a market capitalization of $54.66 billion, a P/E ratio of 21.63, a P/E/G ratio of 0.85 and a beta of 1.36.

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.