Cubist Systematic Strategies LLC lowered its stake in Ameriprise Financial, Inc. (NYSE:AMP) by 51.9% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,968 shares of the financial services provider’s stock after selling 7,529 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Ameriprise Financial were worth $1,035,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. IHT Wealth Management LLC lifted its stake in shares of Ameriprise Financial by 284.0% during the 2nd quarter. IHT Wealth Management LLC now owns 311 shares of the financial services provider’s stock worth $113,000 after purchasing an additional 230 shares during the period. Parallel Advisors LLC lifted its stake in shares of Ameriprise Financial by 17.5% during the 2nd quarter. Parallel Advisors LLC now owns 777 shares of the financial services provider’s stock worth $113,000 after purchasing an additional 116 shares during the period. Sun Life Financial INC lifted its stake in shares of Ameriprise Financial by 10,100.0% during the 2nd quarter. Sun Life Financial INC now owns 1,122 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 1,111 shares during the period. Johnson Financial Group Inc. lifted its stake in shares of Ameriprise Financial by 3.3% during the 2nd quarter. Johnson Financial Group Inc. now owns 1,181 shares of the financial services provider’s stock worth $150,000 after purchasing an additional 38 shares during the period. Finally, Wesbanco Bank Inc. purchased a new position in shares of Ameriprise Financial in the 3rd quarter worth $200,000. 81.51% of the stock is currently owned by institutional investors.

In related news, COO Charles Neal Maglaque sold 1,754 shares of the stock in a transaction on Friday, October 27th. The stock was sold at an average price of $161.01, for a total value of $282,411.54. Following the completion of the sale, the chief operating officer now directly owns 14,697 shares in the company, valued at approximately $2,366,363.97. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider John Robert Woerner sold 9,022 shares of the stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $160.91, for a total value of $1,451,730.02. Following the completion of the sale, the insider now owns 43,167 shares of the company’s stock, valued at $6,946,001.97. The disclosure for this sale can be found here. Over the last quarter, insiders sold 67,649 shares of company stock valued at $10,882,637. 1.50% of the stock is owned by insiders.

Several research analysts recently weighed in on the company. Zacks Investment Research lowered Ameriprise Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Barclays reaffirmed an “equal weight” rating on shares of Ameriprise Financial in a research report on Monday, October 2nd. Royal Bank of Canada set a $168.00 target price on Ameriprise Financial and gave the stock a “hold” rating in a research report on Saturday. ValuEngine lowered Ameriprise Financial from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Finally, SunTrust Banks increased their target price on Ameriprise Financial from $140.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $155.64.

Ameriprise Financial, Inc. (AMP) opened at $171.33 on Wednesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market capitalization of $24,841.88, a price-to-earnings ratio of 14.28 and a beta of 1.93. Ameriprise Financial, Inc. has a 52-week low of $109.19 and a 52-week high of $171.95.

Ameriprise Financial (NYSE:AMP) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $3.12 earnings per share for the quarter, topping the consensus estimate of $2.79 by $0.33. Ameriprise Financial had a return on equity of 32.14% and a net margin of 16.81%. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $2.97 billion. During the same period last year, the company posted $2.29 EPS. The business’s quarterly revenue was up 6.3% on a year-over-year basis. analysts predict that Ameriprise Financial, Inc. will post 12.14 earnings per share for the current fiscal year.

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Ameriprise Financial Profile

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.

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

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