Bartlett & CO. Wealth Management LLC Sells 25 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Bartlett & CO. Wealth Management LLC decreased its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 0.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,168 shares of the financial services provider’s stock after selling 25 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Ameriprise Financial were worth $3,816,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AMP. Geller Advisors LLC raised its position in shares of Ameriprise Financial by 2.2% in the third quarter. Geller Advisors LLC now owns 878 shares of the financial services provider’s stock worth $412,000 after buying an additional 19 shares in the last quarter. Legacy Capital Wealth Partners LLC increased its stake in Ameriprise Financial by 2.0% in the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 1,022 shares of the financial services provider’s stock worth $480,000 after acquiring an additional 20 shares during the last quarter. Dakota Wealth Management boosted its position in shares of Ameriprise Financial by 2.7% during the 4th quarter. Dakota Wealth Management now owns 798 shares of the financial services provider’s stock valued at $425,000 after acquiring an additional 21 shares during the last quarter. Ledyard National Bank grew its holdings in shares of Ameriprise Financial by 3.2% during the third quarter. Ledyard National Bank now owns 733 shares of the financial services provider’s stock worth $344,000 after purchasing an additional 23 shares in the last quarter. Finally, Everpar Advisors LLC grew its holdings in shares of Ameriprise Financial by 1.8% during the fourth quarter. Everpar Advisors LLC now owns 1,286 shares of the financial services provider’s stock worth $685,000 after purchasing an additional 23 shares in the last quarter. Institutional investors own 83.95% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on AMP shares. The Goldman Sachs Group lowered shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and dropped their target price for the company from $485.00 to $476.00 in a research report on Thursday, September 26th. Royal Bank of Canada upped their target price on shares of Ameriprise Financial from $535.00 to $550.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. UBS Group downgraded Ameriprise Financial from a “buy” rating to a “neutral” rating and lowered their price target for the company from $580.00 to $570.00 in a research report on Monday, January 6th. Keefe, Bruyette & Woods reduced their price objective on Ameriprise Financial from $565.00 to $560.00 and set a “market perform” rating on the stock in a research report on Friday, January 10th. Finally, 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 research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Ameriprise Financial has an average rating of “Hold” and an average price target of $494.89.

Insider Buying and Selling

In related news, insider Joseph Edward Sweeney sold 10,735 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $549.68, for a total value of $5,900,814.80. Following the completion of the transaction, the insider now directly owns 5,811 shares in the company, valued at $3,194,190.48. This trade represents a 64.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gumer Alvero sold 2,325 shares of the firm’s stock in a transaction that occurred 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 $2,409,437.45. This represents a 33.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,715 shares of company stock valued at $11,983,436 over the last three months. 0.73% of the stock is owned by company insiders.

Ameriprise Financial Price Performance

Shares of Ameriprise Financial stock opened at $563.49 on Friday. 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 one year low of $370.12 and a one year high of $577.00. The business’s 50 day simple moving average is $548.17 and its two-hundred day simple moving average is $491.97. The stock has a market capitalization of $54.66 billion, a P/E ratio of 21.63, a price-to-earnings-growth ratio of 0.85 and a beta of 1.36.

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.