Starfire Investment Advisers Inc. purchased a new stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 3,012 shares of the financial services provider’s stock, valued at approximately $510,000.

Several other institutional investors have also recently made changes to their positions in the company. IHT Wealth Management LLC lifted its holdings in Ameriprise Financial by 284.0% in the 2nd quarter. IHT Wealth Management LLC now owns 311 shares of the financial services provider’s stock worth $113,000 after purchasing an additional 230 shares during the last quarter. Sun Life Financial INC lifted its holdings in Ameriprise Financial by 10,100.0% in the 2nd quarter. Sun Life Financial INC now owns 1,122 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 1,111 shares during the last quarter. Wesbanco Bank Inc. acquired a new stake in Ameriprise Financial in the 3rd quarter worth approximately $200,000. Shelton Capital Management acquired a new stake in Ameriprise Financial in the 3rd quarter worth approximately $203,000. Finally, D.A. Davidson & CO. lifted its holdings in Ameriprise Financial by 60.3% in the 2nd quarter. D.A. Davidson & CO. now owns 1,374 shares of the financial services provider’s stock worth $174,000 after purchasing an additional 517 shares during the last quarter. Institutional investors and hedge funds own 81.57% of the company’s stock.

Ameriprise Financial, Inc. (NYSE:AMP) opened at $177.31 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $26,929.18, a P/E ratio of 16.54 and a beta of 1.93. Ameriprise Financial, Inc. has a 1 year low of $110.75 and a 1 year high of $183.90.

Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $3.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.79 by $0.33. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.97 billion. Ameriprise Financial had a return on equity of 29.75% and a net margin of 14.24%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.29 EPS. equities analysts anticipate that Ameriprise Financial, Inc. will post 12.15 earnings per share for the current year.

Several research firms recently weighed in on AMP. Royal Bank of Canada set a $155.00 target price on Ameriprise Financial and gave the stock a “sector perform” rating in a report on Wednesday, October 25th. ValuEngine lowered Ameriprise Financial from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Morgan Stanley boosted their target price on Ameriprise Financial from $152.00 to $162.00 and gave the stock an “overweight” rating in a report on Thursday, October 5th. Zacks Investment Research upgraded Ameriprise Financial from a “hold” rating to a “buy” rating and set a $195.00 target price for the company in a report on Wednesday, January 10th. Finally, Barclays restated an “equal weight” rating on shares of Ameriprise Financial in a report on Monday, October 2nd. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Ameriprise Financial presently has an average rating of “Buy” and a consensus price target of $159.60.

In other Ameriprise Financial news, insider John Robert Woerner sold 9,022 shares of Ameriprise Financial stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $160.91, for a total value of $1,451,730.02. Following the transaction, the insider now directly owns 43,167 shares of the company’s stock, valued at approximately $6,946,001.97. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman James M. Cracchiolo sold 42,228 shares of Ameriprise Financial 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 completion of the transaction, the chairman now directly owns 242,013 shares in the company, valued at $38,559,931.29. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 72,466 shares of company stock worth $11,708,801. Company insiders own 1.50% of the company’s stock.

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About Ameriprise Financial

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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