Baldwin Wealth Partners LLC MA Sells 769 Shares of Ameriprise Financial, Inc. (NYSE:AMP)

Baldwin Wealth Partners LLC MA reduced its stake in Ameriprise Financial, Inc. (NYSE:AMP) by 59.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 520 shares of the financial services provider’s stock after selling 769 shares during the quarter. Baldwin Wealth Partners LLC MA’s holdings in Ameriprise Financial were worth $277,000 at the end of the most recent quarter.

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

Ameriprise Financial Stock Performance

Shares of AMP opened at $560.97 on Tuesday. 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 firm has a market cap of $54.42 billion, a PE ratio of 21.53, a P/E/G ratio of 0.85 and a beta of 1.36. Ameriprise Financial, Inc. has a 12 month low of $378.05 and a 12 month high of $577.00. The stock has a fifty day moving average price of $548.23 and a 200-day moving average price of $494.21.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AMP. Keefe, Bruyette & Woods lowered their price objective on shares of Ameriprise Financial from $565.00 to $560.00 and set a “market perform” rating for the company in a research note on Friday, January 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $625.00 price objective on shares of Ameriprise Financial in a research note on Monday. Morgan Stanley boosted their price objective on shares of Ameriprise Financial from $440.00 to $502.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Finally, UBS Group cut Ameriprise Financial from a “buy” rating to a “neutral” rating and dropped their target price for the company from $580.00 to $570.00 in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $503.22.

Insider Buying and Selling

In other Ameriprise Financial news, CFO Walter Stanley Berman sold 8,655 shares of the firm’s 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 transaction, the chief financial officer now owns 6,409 shares of the company’s stock, valued at approximately $3,615,701.44. This trade represents a 57.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Joseph Edward Sweeney sold 10,735 shares of Ameriprise Financial stock in a transaction on 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 sale, the insider now owns 5,811 shares of the company’s stock, valued at $3,194,190.48. The trade was a 64.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,715 shares of company stock worth $11,983,436 in the last three months. Corporate insiders own 0.73% of the company’s stock.

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.