Brookwood Investment Group LLC Trims Position in Ameriprise Financial, Inc. $AMP

Brookwood Investment Group LLC lessened its stake in Ameriprise Financial, Inc. (NYSE:AMP) by 32.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 401 shares of the financial services provider’s stock after selling 197 shares during the period. Brookwood Investment Group LLC’s holdings in Ameriprise Financial were worth $214,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. NorthRock Partners LLC increased its stake in Ameriprise Financial by 8.9% in the 2nd quarter. NorthRock Partners LLC now owns 10,955 shares of the financial services provider’s stock worth $5,847,000 after buying an additional 897 shares during the period. Ascent Group LLC purchased a new position in Ameriprise Financial during the 1st quarter valued at about $371,000. Advisory Alpha LLC purchased a new position in Ameriprise Financial during the 1st quarter valued at about $265,000. Voya Investment Management LLC increased its position in Ameriprise Financial by 4.0% during the 1st quarter. Voya Investment Management LLC now owns 110,989 shares of the financial services provider’s stock valued at $53,731,000 after purchasing an additional 4,232 shares during the period. Finally, Strs Ohio purchased a new position in Ameriprise Financial during the 1st quarter valued at about $6,439,000. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Ameriprise Financial Stock Up 0.0%

NYSE:AMP opened at $484.67 on Wednesday. The company has a market cap of $45.69 billion, a PE ratio of 15.08, a P/E/G ratio of 1.08 and a beta of 1.26. Ameriprise Financial, Inc. has a twelve month low of $396.14 and a twelve month high of $582.05. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.95. The company’s 50 day moving average is $493.54 and its two-hundred day moving average is $503.32.

Insider Activity at Ameriprise Financial

In other Ameriprise Financial news, EVP Heather J. Melloh sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $512.34, for a total transaction of $768,510.00. Following the sale, the executive vice president owned 2,562 shares of the company’s stock, valued at approximately $1,312,615.08. The trade was a 36.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO William F. Truscott sold 9,929 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $506.89, for a total transaction of $5,032,910.81. Following the sale, the chief executive officer directly owned 11,047 shares in the company, valued at approximately $5,599,613.83. This represents a 47.34% decrease in their position. The SEC filing for this sale provides additional information. 0.57% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on AMP. Piper Sandler raised their target price on shares of Ameriprise Financial from $423.00 to $434.00 and gave the company an “underweight” rating in a research report on Thursday, July 3rd. Morgan Stanley cut their target price on shares of Ameriprise Financial from $530.00 to $484.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 1st. Weiss Ratings reissued a “buy (b)” rating on shares of Ameriprise Financial in a research report on Wednesday, October 8th. BMO Capital Markets began coverage on shares of Ameriprise Financial in a research report on Friday, October 3rd. They set a “market perform” rating and a $525.00 target price on the stock. Finally, Raymond James Financial lifted their price objective on shares of Ameriprise Financial from $518.00 to $582.00 and gave the stock a “strong-buy” rating in a research report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $539.50.

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.