Revolve Wealth Partners LLC Has $336,000 Stock Position in Ameriprise Financial, Inc. (NYSE:AMP)

Revolve Wealth Partners LLC cut its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 20.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 632 shares of the financial services provider’s stock after selling 158 shares during the period. Revolve Wealth Partners LLC’s holdings in Ameriprise Financial were worth $336,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Oakworth Capital Inc. bought a new stake in Ameriprise Financial in the 3rd quarter valued at $31,000. Country Trust Bank boosted its position in shares of Ameriprise Financial by 213.6% in the third quarter. Country Trust Bank now owns 69 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 47 shares during the period. Sound Income Strategies LLC bought a new position in Ameriprise Financial during the fourth quarter worth about $36,000. Peterson Financial Group Inc. bought a new position in Ameriprise Financial during the third quarter worth about $45,000. Finally, Albion Financial Group UT bought a new stake in Ameriprise Financial in the 4th quarter valued at about $46,000. Institutional investors own 83.95% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. UBS Group downgraded 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 report on Monday, January 6th. Morgan Stanley lifted their price objective on Ameriprise Financial from $440.00 to $502.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Keefe, Bruyette & Woods reduced their target price on Ameriprise Financial from $565.00 to $560.00 and set a “market perform” rating on the stock in a report on Friday, January 10th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $625.00 price target on shares of Ameriprise Financial in a research note on Monday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Ameriprise Financial has a consensus rating of “Hold” and an average price target of $503.22.

Insider Buying and Selling at Ameriprise Financial

In other news, insider Joseph Edward Sweeney sold 10,735 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $3,194,190.48. This represents a 64.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Gumer Alvero sold 2,325 shares of Ameriprise Financial stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,715 shares of company stock worth $11,983,436 over the last quarter. Corporate insiders own 0.73% of the company’s stock.

Ameriprise Financial Trading Down 0.5 %

AMP opened at $560.97 on Tuesday. 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. 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’s 50 day moving average is $548.23 and its 200-day moving average is $494.21. Ameriprise Financial, Inc. has a 1-year low of $378.05 and a 1-year high of $577.00.

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.