Ameriprise Financial (NYSE:AMP) Stock Rating Lowered by UBS Group

Ameriprise Financial (NYSE:AMP - Get Free Report) was downgraded by stock analysts at UBS Group from a "buy" rating to a "neutral" rating in a report issued on Monday, Marketbeat.com reports. They presently have a $570.00 price objective on the financial services provider's stock, down from their prior price objective of $580.00. UBS Group's target price suggests a potential upside of 7.48% from the stock's current price.

Several other equities analysts also recently weighed in on AMP. Morgan Stanley increased their price target 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. Keefe, Bruyette & Woods boosted their target price on shares of Ameriprise Financial from $475.00 to $510.00 and gave the company a "market perform" rating in a research note on Tuesday, October 29th. Royal Bank of Canada raised their price target on shares of Ameriprise Financial from $535.00 to $550.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. Finally, The Goldman Sachs Group cut shares of Ameriprise Financial from a "buy" rating to a "neutral" rating and cut their price objective for the company from $485.00 to $476.00 in a report on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $489.33.

Ameriprise Financial Stock Down 1.0 %

Ameriprise Financial stock traded down $5.49 during midday trading on Monday, reaching $530.35. The company's stock had a trading volume of 359,624 shares, compared to its average volume of 382,008. Ameriprise Financial has a 52-week low of $368.41 and a 52-week high of $577.00. The stock has a market capitalization of $51.45 billion, a P/E ratio of 20.36, a PEG ratio of 0.96 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. The stock's 50-day simple moving average is $547.26 and its 200-day simple moving average is $483.50.

Insider Activity

In related news, CFO Walter Stanley Berman sold 8,655 shares of the firm's 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 sale, the chief financial officer now directly owns 6,409 shares in the company, valued at approximately $3,615,701.44. This trade represents a 57.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gumer Alvero sold 2,325 shares of Ameriprise Financial stock in a transaction dated 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 transaction, 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 21,715 shares of company stock worth $11,983,436 over the last three months. Insiders own 0.73% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Oakworth Capital Inc. purchased a new stake in Ameriprise Financial in the 3rd quarter valued at about $31,000. Country Trust Bank lifted its holdings in shares of Ameriprise Financial by 213.6% in the 3rd quarter. Country Trust Bank now owns 69 shares of the financial services provider's stock worth $32,000 after acquiring an additional 47 shares during the last quarter. Peterson Financial Group Inc. acquired a new position in shares of Ameriprise Financial in the 3rd quarter worth approximately $45,000. Trifecta Capital Advisors LLC increased its holdings in Ameriprise Financial by 31.4% in 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. Finally, Versant Capital Management Inc raised its position in Ameriprise Financial by 240.5% in the fourth quarter. Versant Capital Management Inc now owns 143 shares of the financial services provider's stock valued at $76,000 after purchasing an additional 101 shares during the period. 83.95% of the stock is currently owned by institutional investors and hedge funds.

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.