Charter Oak Capital Management LLC Has $729,000 Stake in Ameriprise Financial, Inc. (NYSE:AMP)

Charter Oak Capital Management LLC lowered its stake in Ameriprise Financial, Inc. (NYSE:AMP) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,368 shares of the financial services provider’s stock after selling 25 shares during the quarter. Charter Oak Capital Management LLC’s holdings in Ameriprise Financial were worth $729,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Oakworth Capital Inc. bought a new position in Ameriprise Financial in the 3rd quarter valued at approximately $31,000. Country Trust Bank increased its holdings in shares of Ameriprise Financial by 213.6% during the third quarter. Country Trust Bank now owns 69 shares of the financial services provider’s stock worth $32,000 after buying an additional 47 shares in the last quarter. Sound Income Strategies LLC bought a new position in shares of Ameriprise Financial in the 4th quarter valued at $36,000. Peterson Financial Group Inc. acquired a new stake in shares of Ameriprise Financial during the 3rd quarter valued at $45,000. Finally, Albion Financial Group UT bought a new stake in Ameriprise Financial during the 4th quarter worth $46,000. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Ameriprise Financial Stock Performance

Shares of Ameriprise Financial stock opened at $560.97 on Tuesday. The business has a 50-day moving average price of $548.23 and a two-hundred day moving average price of $494.21. Ameriprise Financial, Inc. has a 1-year low of $378.05 and a 1-year high of $577.00. 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 company has a market cap of $54.42 billion, a P/E ratio of 21.53, a PEG ratio of 0.85 and a beta of 1.36.

Insider Buying and Selling

In other news, CFO Walter Stanley Berman sold 8,655 shares of Ameriprise Financial stock in a transaction on Monday, November 11th. The shares were sold at an average price of $564.16, for a total value of $4,882,804.80. Following the completion of the sale, the chief financial officer now owns 6,409 shares in the company, valued at $3,615,701.44. The trade was a 57.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Gumer Alvero sold 2,325 shares of the firm’s 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 completion of the sale, the insider now owns 4,669 shares of the company’s stock, valued at $2,409,437.45. The trade was 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 valued at $11,983,436 over the last 90 days. Company insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Morgan Stanley raised 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. Royal Bank of Canada reiterated an “outperform” rating and set a $625.00 price target on shares of Ameriprise Financial in a report on Monday. UBS Group cut shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $580.00 to $570.00 in a research note on Monday, January 6th. Finally, Keefe, Bruyette & Woods lowered their target price on Ameriprise Financial from $565.00 to $560.00 and set a “market perform” rating for the company in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to MarketBeat, 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.