Baldwin Wealth Partners LLC MA Sells 769 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Baldwin Wealth Partners LLC MA reduced its position in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 59.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 520 shares of the financial services provider's stock after selling 769 shares during the quarter. Baldwin Wealth Partners LLC MA's holdings in Ameriprise Financial were worth $277,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. APG Asset Management N.V. boosted its position in shares of Ameriprise Financial by 219.7% in the 2nd quarter. APG Asset Management N.V. now owns 11,932 shares of the financial services provider's stock worth $4,756,000 after purchasing an additional 8,200 shares in the last quarter. Susquehanna Fundamental Investments LLC boosted its holdings in shares of Ameriprise Financial by 559.2% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 8,569 shares of the financial services provider's stock valued at $3,661,000 after acquiring an additional 7,269 shares during the last quarter. Driehaus Capital Management LLC boosted its holdings in Ameriprise Financial by 28.1% in the second quarter. Driehaus Capital Management LLC now owns 597 shares of the financial services provider's stock valued at $255,000 after purchasing an additional 131 shares during the last quarter. Creative Planning raised its stake in shares of Ameriprise Financial by 2.2% during the 2nd quarter. Creative Planning now owns 22,223 shares of the financial services provider's stock valued at $9,493,000 after buying an additional 487 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in Ameriprise Financial by 9.4% in the 2nd quarter. NewEdge Advisors LLC now owns 9,166 shares of the financial services provider's stock worth $3,916,000 after purchasing an additional 789 shares in the last quarter. 83.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Gumer Alvero sold 2,325 shares of the company's 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 completion of the sale, the insider now owns 4,669 shares in the company, valued at approximately $2,409,437.45. This represents a 33.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Joseph Edward Sweeney sold 10,735 shares of Ameriprise Financial stock in a transaction dated Friday, November 8th. The stock was 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 in the company, valued at $3,194,190.48. The trade was a 64.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,715 shares of company stock valued at $11,983,436. 0.73% of the stock is owned by corporate insiders.

Ameriprise Financial Stock Performance

AMP traded up $10.55 during trading hours on Tuesday, hitting $571.93. The company's stock had a trading volume of 525,948 shares, compared to its average volume of 458,343. The company has a 50-day simple moving average of $548.14 and a 200 day simple moving average of $495.06. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $55.48 billion, a PE ratio of 21.96, a PEG ratio of 0.85 and a beta of 1.36. Ameriprise Financial, Inc. has a fifty-two week low of $378.05 and a fifty-two week high of $577.00.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on AMP shares. Morgan Stanley lifted their price target on Ameriprise Financial from $440.00 to $502.00 and gave the company an "equal weight" rating in a research note on Thursday, October 17th. Royal Bank of Canada reissued an "outperform" rating and issued a $625.00 price target on shares of Ameriprise Financial in a research note on Monday. Keefe, Bruyette & Woods lowered their price objective on Ameriprise Financial from $565.00 to $560.00 and set a "market perform" rating on the stock in a research note on Friday, January 10th. Finally, UBS Group cut shares of Ameriprise Financial from a "buy" rating to a "neutral" rating and dropped their price target for the company from $580.00 to $570.00 in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $503.22.

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.