Mount Yale Investment Advisors LLC Has $1.80 Million Holdings in Ameriprise Financial, Inc. (NYSE:AMP)

Mount Yale Investment Advisors LLC decreased its stake in Ameriprise Financial, Inc. (NYSE:AMP) by 17.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,373 shares of the financial services provider’s stock after selling 730 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Ameriprise Financial were worth $1,796,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Oakworth Capital Inc. bought a new stake in shares of Ameriprise Financial in the 3rd quarter worth about $31,000. Country Trust Bank boosted its position in 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 buying an additional 47 shares in the last quarter. Sound Income Strategies LLC bought a new stake in Ameriprise Financial during the fourth quarter worth about $36,000. Peterson Financial Group Inc. acquired a new stake in shares of Ameriprise Financial during the third quarter worth approximately $45,000. Finally, Albion Financial Group UT bought a new position in shares of Ameriprise Financial in the fourth quarter valued at approximately $46,000. 83.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. UBS Group lowered Ameriprise Financial from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $580.00 to $570.00 in a research report on Monday, January 6th. Keefe, Bruyette & Woods decreased 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. Royal Bank of Canada lifted their price target on Ameriprise Financial from $535.00 to $550.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, Morgan Stanley increased their price objective on shares of Ameriprise Financial from $440.00 to $502.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Ameriprise Financial presently has an average rating of “Hold” and a consensus target price of $494.89.

Ameriprise Financial Stock Performance

Shares of NYSE:AMP opened at $563.57 on Monday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.99. Ameriprise Financial, Inc. has a 1-year low of $370.12 and a 1-year high of $577.00. The stock 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 business has a 50-day moving average price of $548.23 and a two-hundred day moving average price of $494.21.

Insider Transactions at Ameriprise Financial

In other Ameriprise Financial news, insider Joseph Edward Sweeney sold 10,735 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $549.68, for a total transaction of $5,900,814.80. Following the transaction, the insider now owns 5,811 shares in the company, valued at approximately $3,194,190.48. This trade represents a 64.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gumer Alvero sold 2,325 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $516.05, for a total value of $1,199,816.25. Following the transaction, 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 a total of 21,715 shares of company stock worth $11,983,436 in the last quarter. 0.73% of the stock is owned by company insiders.

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.