Maj Invest Holding A S Increases Stock Position in Ameriprise Financial, Inc. (NYSE:AMP)

Maj Invest Holding A S grew its position in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 67.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 352,095 shares of the financial services provider’s stock after buying an additional 141,927 shares during the quarter. Ameriprise Financial accounts for approximately 6.2% of Maj Invest Holding A S’s holdings, making the stock its 2nd largest position. Maj Invest Holding A S owned approximately 0.36% of Ameriprise Financial worth $187,466,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AMP. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of Ameriprise Financial by 24.5% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,035 shares of the financial services provider’s stock worth $551,000 after buying an additional 204 shares during the period. First Citizens Bank & Trust Co. lifted its holdings in shares of Ameriprise Financial by 22.6% during the 4th quarter. First Citizens Bank & Trust Co. now owns 1,898 shares of the financial services provider’s stock valued at $1,011,000 after purchasing an additional 350 shares during the last quarter. Patton Albertson Miller Group LLC boosted its holdings in Ameriprise Financial by 0.4% in the fourth quarter. Patton Albertson Miller Group LLC now owns 16,800 shares of the financial services provider’s stock worth $8,945,000 after acquiring an additional 69 shares in the last quarter. B.O.S.S. Retirement Advisors LLC purchased a new stake in Ameriprise Financial during the 4th quarter worth approximately $292,000. Finally, Linden Thomas Advisory Services LLC increased its position in shares of Ameriprise Financial by 6.3% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 3,882 shares of the financial services provider’s stock valued at $2,067,000 after acquiring an additional 231 shares during the period. 83.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Ameriprise Financial

In other Ameriprise Financial news, CFO Walter Stanley Berman sold 8,655 shares of the company’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 of the company’s stock, valued at approximately $3,615,701.44. This represents a 57.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the insider now owns 5,811 shares in the company, valued at $3,194,190.48. This represents a 64.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,715 shares of company stock worth $11,983,436 over the last 90 days. Insiders own 0.73% of the company’s stock.

Ameriprise Financial Trading Up 0.0 %

Shares of AMP opened at $563.57 on Monday. Ameriprise Financial, Inc. has a one year low of $370.12 and a one year 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 company has a market capitalization of $54.67 billion, a P/E ratio of 21.63, a P/E/G ratio of 0.85 and a beta of 1.36. The stock has a 50-day moving average price of $548.23 and a 200 day moving average price of $493.83.

Analyst Ratings Changes

AMP has been the topic of several recent analyst reports. Royal Bank of Canada increased their target price on shares of Ameriprise Financial from $535.00 to $550.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. UBS Group lowered shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $580.00 to $570.00 in a research note on Monday, January 6th. Morgan Stanley upped their price objective on shares of Ameriprise Financial from $440.00 to $502.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Finally, Keefe, Bruyette & Woods decreased their price target 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. 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 stock. According to data from MarketBeat.com, Ameriprise Financial presently has a consensus rating of “Hold” and a consensus target price of $494.89.

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.