Crossmark Global Holdings Inc. Buys 1,738 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Crossmark Global Holdings Inc. lifted its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 33.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,970 shares of the financial services provider’s stock after purchasing an additional 1,738 shares during the period. Crossmark Global Holdings Inc.’s holdings in Ameriprise Financial were worth $3,711,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMP. Oakworth Capital Inc. bought a new stake in Ameriprise Financial in the 3rd quarter valued at $31,000. Country Trust Bank lifted its holdings in Ameriprise Financial by 213.6% during the 3rd 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 last quarter. Peterson Financial Group Inc. acquired a new stake in Ameriprise Financial during the 3rd quarter valued at $45,000. Friedenthal Financial acquired a new stake in Ameriprise Financial during the 4th quarter valued at $58,000. Finally, Trifecta Capital Advisors LLC lifted its holdings in Ameriprise Financial by 31.4% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 138 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 33 shares during the last quarter. Institutional investors own 83.95% of the company’s stock.

Ameriprise Financial Stock Up 0.5 %

AMP stock opened at $561.72 on Thursday. The company has a market cap of $54.50 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 0.84 and a beta of 1.36. The business has a 50-day simple moving average of $548.13 and a 200 day simple moving average of $491.48. Ameriprise Financial, Inc. has a 52 week low of $370.12 and a 52 week high of $577.00. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.99.

Insider Activity at Ameriprise Financial

In other Ameriprise Financial news, insider Joseph Edward Sweeney sold 10,735 shares of the company’s stock in a transaction that occurred on 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 approximately $3,194,190.48. This represents a 64.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Walter Stanley Berman sold 8,655 shares of the company’s stock in a transaction that occurred on 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 approximately $3,615,701.44. This trade represents a 57.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,715 shares of company stock valued at $11,983,436 over the last quarter. 0.73% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AMP shares. Keefe, Bruyette & Woods cut their price target on Ameriprise Financial from $565.00 to $560.00 and set a “market perform” rating for the company in a report on Friday, January 10th. The Goldman Sachs Group downgraded Ameriprise Financial from a “buy” rating to a “neutral” rating and cut their price target for the company from $485.00 to $476.00 in a report on Thursday, September 26th. Royal Bank of Canada raised their price target on Ameriprise Financial from $535.00 to $550.00 and gave the company an “outperform” rating in a report on Friday, October 25th. 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 research report on Thursday, October 17th. Finally, UBS Group cut Ameriprise Financial from a “buy” rating to a “neutral” rating and lowered 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 given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $494.89.

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.