Ameriprise Financial, Inc. (NYSE:AMP) Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp trimmed its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 9.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,964 shares of the financial services provider's stock after selling 605 shares during the quarter. Fifth Third Bancorp's holdings in Ameriprise Financial were worth $3,175,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geller Advisors LLC lifted its stake in shares of Ameriprise Financial by 2.2% during the 3rd quarter. Geller Advisors LLC now owns 878 shares of the financial services provider's stock worth $412,000 after purchasing an additional 19 shares during the last quarter. Cerro Pacific Wealth Advisors LLC grew its holdings in Ameriprise Financial by 3.4% in the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 576 shares of the financial services provider's stock worth $307,000 after purchasing an additional 19 shares during the last quarter. Legacy Capital Wealth Partners LLC grew its stake in Ameriprise Financial by 2.0% during the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 1,022 shares of the financial services provider's stock worth $480,000 after buying an additional 20 shares during the last quarter. Dakota Wealth Management raised its stake in Ameriprise Financial by 2.7% in the fourth quarter. Dakota Wealth Management now owns 798 shares of the financial services provider's stock valued at $425,000 after buying an additional 21 shares during the last quarter. Finally, Ledyard National Bank increased 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 valued at $344,000 after acquiring an additional 23 shares in the last quarter. Institutional investors own 83.95% of the company's stock.

Insider Buying and Selling at Ameriprise Financial

In other Ameriprise Financial news, insider Joseph Edward Sweeney sold 10,735 shares of Ameriprise Financial stock in a transaction 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 owns 5,811 shares of the company's stock, valued at $3,194,190.48. The trade was a 64.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Gumer Alvero sold 2,325 shares of the 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 sold a total of 21,715 shares of company stock valued at $11,983,436 in the last ninety days. Insiders own 0.73% of the company's stock.

Ameriprise Financial Trading Up 1.9 %

AMP stock traded up $10.55 during trading on Tuesday, reaching $571.93. 525,948 shares of the stock traded hands, compared to its average volume of 458,343. The firm has a market capitalization of $55.48 billion, a PE ratio of 21.96, a P/E/G ratio of 0.85 and a beta of 1.36. 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 52-week low of $378.05 and a 52-week high of $577.00. The business's 50 day moving average price is $548.14 and its 200-day moving average price is $495.06.

Wall Street Analyst Weigh In

Several research firms recently commented on AMP. Morgan Stanley raised 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. Royal Bank of Canada reaffirmed an "outperform" rating and set a $625.00 price objective on shares of Ameriprise Financial in a report on Monday. Keefe, Bruyette & Woods reduced their target price 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. Finally, UBS Group cut shares of Ameriprise Financial from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $580.00 to $570.00 in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $503.22.

Ameriprise Financial 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.