Ameriprise Financial, Inc. (AMP) Stake Lessened by Exxonmobil Investment Management Inc. TX

Exxonmobil Investment Management Inc. TX decreased its position in Ameriprise Financial, Inc. (NYSE:AMP) by 14.1% in the 4th quarter, HoldingsChannel reports. The fund owned 23,522 shares of the financial services provider’s stock after selling 3,860 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in Ameriprise Financial were worth $3,986,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Prudential Financial Inc. grew its stake in shares of Ameriprise Financial by 16.4% in the 3rd quarter. Prudential Financial Inc. now owns 570,473 shares of the financial services provider’s stock worth $84,721,000 after acquiring an additional 80,220 shares in the last quarter. Atlantic Trust Group LLC grew its position in Ameriprise Financial by 0.4% during the third quarter. Atlantic Trust Group LLC now owns 137,280 shares of the financial services provider’s stock valued at $20,388,000 after buying an additional 479 shares during the period. Parametric Portfolio Associates LLC grew its position in Ameriprise Financial by 4.5% during the third quarter. Parametric Portfolio Associates LLC now owns 691,734 shares of the financial services provider’s stock valued at $102,729,000 after buying an additional 29,610 shares during the period. AXA grew its position in Ameriprise Financial by 27.0% during the third quarter. AXA now owns 393,747 shares of the financial services provider’s stock valued at $58,476,000 after buying an additional 83,673 shares during the period. Finally, Shelton Capital Management bought a new position in Ameriprise Financial during the third quarter valued at about $203,000. Hedge funds and other institutional investors own 81.51% of the company’s stock.

Several equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Ameriprise Financial from a “hold” rating to a “buy” rating and set a $195.00 price target for the company in a research report on Wednesday. Royal Bank of Canada set a $168.00 price target on shares of Ameriprise Financial and gave the company a “hold” rating in a research report on Saturday, December 16th. ValuEngine lowered shares of Ameriprise Financial from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. SunTrust Banks increased their price target on shares of Ameriprise Financial from $140.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Finally, Morgan Stanley increased their price target on shares of Ameriprise Financial from $152.00 to $162.00 and gave the company an “overweight” rating in a research report on Thursday, October 5th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Ameriprise Financial has an average rating of “Buy” and an average price target of $159.60.

In other Ameriprise Financial news, Chairman James M. Cracchiolo sold 42,228 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $159.33, for a total transaction of $6,728,187.24. Following the sale, the chairman now directly owns 242,013 shares of the company’s stock, valued at $38,559,931.29. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider David Kent Stewart sold 603 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $160.72, for a total transaction of $96,914.16. Following the sale, the insider now directly owns 20,081 shares in the company, valued at $3,227,418.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 72,466 shares of company stock worth $11,708,801. Insiders own 1.50% of the company’s stock.

Ameriprise Financial, Inc. (NYSE AMP) opened at $178.98 on Friday. The firm has a market cap of $26,480.00, a PE ratio of 16.71 and a beta of 1.93. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.82. Ameriprise Financial, Inc. has a 1 year low of $110.75 and a 1 year high of $179.41.

Ameriprise Financial (NYSE:AMP) last released its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $3.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.79 by $0.33. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.97 billion. Ameriprise Financial had a net margin of 14.24% and a return on equity of 29.75%. The company’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.29 earnings per share. equities analysts forecast that Ameriprise Financial, Inc. will post 12.14 EPS for the current year.

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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.

Want to see what other hedge funds are holding AMP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ameriprise Financial, Inc. (NYSE:AMP).

Institutional Ownership by Quarter for Ameriprise Financial (NYSE:AMP)

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