Nisa Investment Advisors LLC Sells 550 Shares of Ameriprise Financial, Inc. (AMP)

Nisa Investment Advisors LLC cut its position in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 0.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,032 shares of the financial services provider’s stock after selling 550 shares during the period. Nisa Investment Advisors LLC’s holdings in Ameriprise Financial were worth $10,343,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMP. Neuberger Berman Group LLC raised its stake in shares of Ameriprise Financial by 0.3% during the 2nd quarter. Neuberger Berman Group LLC now owns 9,097 shares of the financial services provider’s stock worth $1,158,000 after purchasing an additional 29 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of Ameriprise Financial by 27.8% during the 2nd quarter. Private Advisor Group LLC now owns 3,334 shares of the financial services provider’s stock worth $443,000 after purchasing an additional 726 shares in the last quarter. CIBC World Markets Inc. raised its stake in shares of Ameriprise Financial by 12.0% during the 2nd quarter. CIBC World Markets Inc. now owns 5,389 shares of the financial services provider’s stock worth $686,000 after purchasing an additional 577 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Ameriprise Financial by 1.0% during the 2nd quarter. Franklin Resources Inc. now owns 31,937 shares of the financial services provider’s stock worth $4,065,000 after purchasing an additional 316 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK raised its stake in shares of Ameriprise Financial by 14.1% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 42,765 shares of the financial services provider’s stock worth $5,443,000 after purchasing an additional 5,294 shares in the last quarter. 81.51% of the stock is owned by institutional investors.

A number of research analysts recently weighed in on the company. Zacks Investment Research raised Ameriprise Financial from a “hold” rating to a “buy” rating and set a $195.00 price objective on the stock in a research note on Wednesday. Royal Bank of Canada set a $168.00 price objective on Ameriprise Financial and gave the company a “hold” rating in a research note on Saturday, December 16th. ValuEngine downgraded Ameriprise Financial from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. SunTrust Banks raised their price objective on Ameriprise Financial from $140.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. Finally, Morgan Stanley raised their price objective on Ameriprise Financial from $152.00 to $162.00 and gave the company an “overweight” rating in a research note on Thursday, October 5th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Ameriprise Financial has an average rating of “Buy” and a consensus target price of $159.60.

Ameriprise Financial, Inc. (NYSE AMP) opened at $182.04 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.82. Ameriprise Financial, Inc. has a one year low of $110.75 and a one year high of $182.37. The firm has a market capitalization of $26,929.18, a P/E ratio of 15.48 and a beta of 1.93.

Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $3.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.79 by $0.33. Ameriprise Financial had a return on equity of 29.75% and a net margin of 14.24%. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same period last year, the business earned $2.29 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. research analysts predict that Ameriprise Financial, Inc. will post 12.15 earnings per share for the current fiscal year.

In other Ameriprise Financial news, Chairman James M. Cracchiolo sold 42,228 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $159.33, for a total value of $6,728,187.24. Following the sale, the chairman now owns 242,013 shares of the company’s stock, valued at approximately $38,559,931.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James M. Cracchiolo sold 2,428 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $161.07, for a total value of $391,077.96. Following the completion of the sale, the chief executive officer now directly owns 242,013 shares in the company, valued at approximately $38,981,033.91. The disclosure for this sale can be found here. Insiders sold a total of 72,466 shares of company stock worth $11,708,801 over the last three months. 1.50% of the stock is owned by company insiders.

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Ameriprise Financial Profile

Ameriprise Financial, Inc is a financial services company that offers financial solutions to individual and institutional clients. The Company operates in five segments: Advice & Wealth Management; Asset Management; Annuities; Protection, and Corporate & Other. The Company uses Ameriprise Financial as its enterprise brand, as well as the name of its advisor network and certain of its retail products and services.

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Institutional Ownership by Quarter for Ameriprise Financial (NYSE:AMP)

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