Mount Yale Investment Advisors LLC Has $1.80 Million Stock Position in Ameriprise Financial, Inc. (NYSE:AMP)

Mount Yale Investment Advisors LLC lessened its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 17.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,373 shares of the financial services provider’s stock after selling 730 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Ameriprise Financial were worth $1,796,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Oakworth Capital Inc. acquired a new stake in shares of Ameriprise Financial during the third quarter worth about $31,000. Sound Income Strategies LLC bought a new stake in Ameriprise Financial during the 4th quarter worth approximately $36,000. Country Trust Bank raised 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 worth $32,000 after buying an additional 47 shares during the period. Albion Financial Group UT bought a new position in Ameriprise Financial in the fourth quarter valued at approximately $46,000. Finally, Peterson Financial Group Inc. acquired a new position in shares of Ameriprise Financial in the third quarter valued at approximately $45,000. 83.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on AMP. Morgan Stanley raised their price objective on shares of Ameriprise Financial from $440.00 to $502.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Royal Bank of Canada lifted their price target on Ameriprise Financial from $535.00 to $550.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. UBS Group cut Ameriprise Financial from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $580.00 to $570.00 in a research report on Monday, January 6th. Finally, Keefe, Bruyette & Woods dropped their target price 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $494.89.

Ameriprise Financial Stock Performance

AMP opened at $563.57 on Monday. The business’s 50-day simple moving average is $548.23 and its 200 day simple moving average is $494.21. Ameriprise Financial, Inc. has a 52-week low of $370.12 and a 52-week high of $577.00. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market capitalization of $54.67 billion, a PE ratio of 21.63, a PEG ratio of 0.85 and a beta of 1.36.

Insiders Place Their Bets

In related news, CFO Walter Stanley Berman sold 8,655 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now directly owns 6,409 shares in the company, valued at approximately $3,615,701.44. The trade was a 57.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gumer Alvero sold 2,325 shares of the company’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $516.05, for a total transaction of $1,199,816.25. Following the sale, the insider now directly owns 4,669 shares in the company, valued at $2,409,437.45. This trade represents a 33.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,715 shares of company stock valued at $11,983,436 in the last 90 days. 0.73% of the stock is currently owned by insiders.

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.