B.O.S.S. Retirement Advisors LLC Invests $292,000 in Ameriprise Financial, Inc. (NYSE:AMP)

B.O.S.S. Retirement Advisors LLC acquired a new position in shares of Ameriprise Financial, Inc. (NYSE:AMP) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 548 shares of the financial services provider’s stock, valued at approximately $292,000.

Other hedge funds also recently made changes to their positions in the company. Oakworth Capital Inc. acquired a new stake in shares of Ameriprise Financial during the third quarter valued at about $31,000. Country Trust Bank grew its stake in shares of Ameriprise Financial by 213.6% during the third quarter. Country Trust Bank now owns 69 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 47 shares in the last quarter. Sound Income Strategies LLC acquired a new stake in shares of Ameriprise Financial during the fourth quarter valued at about $36,000. Peterson Financial Group Inc. acquired a new position in Ameriprise Financial in the third quarter worth about $45,000. Finally, Albion Financial Group UT acquired a new position in Ameriprise Financial in the fourth quarter worth about $46,000. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Ameriprise Financial Stock Performance

AMP opened at $563.57 on Friday. The business’s 50 day moving average is $548.23 and its 200-day moving average is $493.41. The stock has a market cap of $54.67 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of 0.85 and a beta of 1.36. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.99. Ameriprise Financial, Inc. has a twelve month low of $370.12 and a twelve month high of $577.00.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AMP. UBS Group downgraded 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 note on Monday, January 6th. Morgan Stanley lifted their price target on Ameriprise Financial from $440.00 to $502.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Keefe, Bruyette & Woods decreased their price target on 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. Finally, Royal Bank of Canada lifted their target price on Ameriprise Financial from $535.00 to $550.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Ameriprise Financial currently has an average rating of “Hold” and an average price target of $494.89.

Insider Buying and Selling

In related news, insider Joseph Edward Sweeney sold 10,735 shares of the business’s stock in a transaction that occurred 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gumer Alvero sold 2,325 shares of Ameriprise Financial stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $516.05, for a total transaction of $1,199,816.25. Following the completion of the transaction, the insider now owns 4,669 shares in the company, valued at approximately $2,409,437.45. This trade represents a 33.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,715 shares of company stock valued at $11,983,436 over the last quarter. Corporate insiders own 0.73% of the company’s stock.

Ameriprise Financial 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.