Fort Washington Investment Advisors Inc. OH Has $449,000 Holdings in Ameriprise Financial, Inc. (NYSE:AMP)

Fort Washington Investment Advisors Inc. OH cut its position in Ameriprise Financial, Inc. (NYSE:AMP) by 13.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 843 shares of the financial services provider’s stock after selling 128 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Ameriprise Financial were worth $449,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMP. AE Wealth Management LLC grew its stake in Ameriprise Financial by 28.6% in the 2nd quarter. AE Wealth Management LLC now owns 2,042 shares of the financial services provider’s stock valued at $872,000 after buying an additional 454 shares during the last quarter. Ensign Peak Advisors Inc grew its stake in Ameriprise Financial by 8.8% in the 2nd quarter. Ensign Peak Advisors Inc now owns 13,695 shares of the financial services provider’s stock valued at $5,850,000 after buying an additional 1,110 shares during the last quarter. 1832 Asset Management L.P. grew its stake in Ameriprise Financial by 33.9% in the 2nd quarter. 1832 Asset Management L.P. now owns 6,148 shares of the financial services provider’s stock valued at $2,626,000 after buying an additional 1,557 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Ameriprise Financial by 58.8% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 19,190 shares of the financial services provider’s stock valued at $8,198,000 after buying an additional 7,107 shares during the last quarter. Finally, Insigneo Advisory Services LLC grew its stake in Ameriprise Financial by 6.3% in the 2nd quarter. Insigneo Advisory Services LLC now owns 1,904 shares of the financial services provider’s stock valued at $746,000 after buying an additional 113 shares during the last quarter. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Walter Stanley Berman sold 8,655 shares of Ameriprise Financial stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $564.16, for a total transaction of $4,882,804.80. Following the completion of the transaction, the chief financial officer now directly owns 6,409 shares of the company’s stock, valued at $3,615,701.44. This trade represents a 57.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Gumer Alvero sold 2,325 shares of Ameriprise Financial stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $516.05, for a total transaction of $1,199,816.25. Following the transaction, the insider now directly owns 4,669 shares of the company’s stock, valued at $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. In the last three months, insiders have sold 21,715 shares of company stock worth $11,983,436. Corporate insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. UBS Group lowered shares of 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 price target on shares of Ameriprise Financial from $565.00 to $560.00 and set a “market perform” rating on the stock in a research report on Friday, January 10th. Morgan Stanley raised their price target on shares of Ameriprise Financial from $440.00 to $502.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Royal Bank of Canada raised their price target on shares of Ameriprise Financial from $535.00 to $550.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, The Goldman Sachs Group lowered shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $485.00 to $476.00 in a research report on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Ameriprise Financial has an average rating of “Hold” and a consensus price target of $494.89.

Ameriprise Financial Price Performance

Shares of Ameriprise Financial stock opened at $563.49 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.65 and a current ratio of 0.65. The firm’s 50-day simple moving average is $548.17 and its 200-day simple moving average is $491.97. Ameriprise Financial, Inc. has a twelve month low of $370.12 and a twelve month high of $577.00. The firm has a market cap of $54.66 billion, a P/E ratio of 21.63, a price-to-earnings-growth ratio of 0.85 and a beta of 1.36.

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.