Appleton Partners Inc. MA Trims Holdings in Ameriprise Financial, Inc. (AMP)

Appleton Partners Inc. MA lessened its position in Ameriprise Financial, Inc. (NYSE:AMP) by 27.0% in the first quarter, HoldingsChannel.com reports. The fund owned 4,383 shares of the financial services provider’s stock after selling 1,622 shares during the quarter. Appleton Partners Inc. MA’s holdings in Ameriprise Financial were worth $561,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Farmers & Merchants Trust Co of Chambersburg PA boosted its position in shares of Ameriprise Financial by 40.4% during the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 278 shares of the financial services provider’s stock valued at $36,000 after buying an additional 80 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Ameriprise Financial by 3.4% during the fourth quarter. IFP Advisors Inc now owns 2,893 shares of the financial services provider’s stock valued at $298,000 after buying an additional 95 shares during the last quarter. MAI Capital Management boosted its position in shares of Ameriprise Financial by 4.7% during the fourth quarter. MAI Capital Management now owns 2,354 shares of the financial services provider’s stock valued at $246,000 after buying an additional 105 shares during the last quarter. Scotia Capital Inc. boosted its position in shares of Ameriprise Financial by 1.9% during the fourth quarter. Scotia Capital Inc. now owns 5,866 shares of the financial services provider’s stock valued at $612,000 after buying an additional 110 shares during the last quarter. Finally, Private Asset Management Inc. boosted its position in shares of Ameriprise Financial by 4.0% during the fourth quarter. Private Asset Management Inc. now owns 3,007 shares of the financial services provider’s stock valued at $314,000 after buying an additional 117 shares during the last quarter. 84.98% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently issued reports on the company. Zacks Investment Research cut Ameriprise Financial from a “hold” rating to a “sell” rating in a research report on Monday, April 8th. UBS Group lifted their target price on Ameriprise Financial from $156.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Barclays lifted their target price on Ameriprise Financial from $135.00 to $146.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Morgan Stanley cut their target price on Ameriprise Financial from $170.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday, January 11th. Finally, ValuEngine cut Ameriprise Financial from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. Ameriprise Financial has an average rating of “Hold” and an average price target of $152.38.

In related news, EVP Colin Moore sold 24,032 shares of Ameriprise Financial stock in a transaction on Monday, February 25th. The stock was sold at an average price of $133.64, for a total transaction of $3,211,636.48. Following the sale, the executive vice president now directly owns 56,447 shares in the company, valued at $7,543,577.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.90% of the company’s stock.

Shares of Ameriprise Financial stock opened at $143.27 on Friday. The firm has a market cap of $19.40 billion, a P/E ratio of 9.59 and a beta of 1.91. Ameriprise Financial, Inc. has a 12 month low of $95.69 and a 12 month high of $153.15. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.68 and a current ratio of 0.68.

Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings results on Wednesday, January 30th. The financial services provider reported $3.80 EPS for the quarter, topping the Zacks’ consensus estimate of $3.68 by $0.12. The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.15 billion. Ameriprise Financial had a return on equity of 38.65% and a net margin of 16.35%. Ameriprise Financial’s quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the company posted $1.18 earnings per share. Research analysts anticipate that Ameriprise Financial, Inc. will post 15.45 EPS for the current year.

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About Ameriprise Financial

Ameriprise Financial, Inc, through its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through five segments: Advice & Wealth Management, Asset Management, Annuities, Protection, and Corporate & Other.

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

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