Monitoring Ameriprise Financial Inc. (AMP) after recent insider movements

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ZOM Stock

Ameriprise Financial Inc.’s recent filing unveils that its EXECUTIVE VP AND CFO Berman Walter Stanley unloaded Company’s shares for reported $3.52 million on Feb 15. In the deal valued at $352.07 per share,10,000 shares were sold. As a result of this transaction, Berman Walter Stanley now holds 14,360 shares worth roughly $ 4.92 million.

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Then, Sweeney Joseph Edward sold 6,390 shares, generating $2,238,736 in total proceeds. Upon selling the shares at $350.35, the PRES-AWM PRODUCTS & SERVICES now owns 10,955 shares.

Before that, TRUSCOTT WILLIAM F sold 11,480 shares. Ameriprise Financial Inc. shares valued at $4,079,237 were divested by the CEO, GLOBAL ASSET MANAGEMENT at a price of $355.33 per share. As a result of the transaction, TRUSCOTT WILLIAM F now holds 17,489 shares, worth roughly $6.0 million.

Keefe Bruyette downgraded its Ameriprise Financial Inc. [AMP] rating to a Mkt perform from a an Outperform in a research note published on Tuesday. PT values the company’s stock at a premium of -5.5 to its Tuesday closing price. A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in early September with a ‘”a Buy”‘ rating. Goldman also remained covering AMP and has decreased its forecast on June 24, 2022 with a “Neutral” recommendation from previously “Buy” rating. Piper Sandler revised its rating on April 06, 2022. It rated AMP as “an Underweight” which previously was an “a Neutral”.

Price Performance Review of AMP

On Tuesday, Ameriprise Financial Inc. [NYSE:AMP] saw its stock jump 0.89% to $342.87. On the same session, the stock had its day’s lowest price of $340.395, but rose to a high of $346.44. Over the last five days, the stock has gained 0.70%. Ameriprise Financial Inc. shares have risen nearly 10.12% since the year began. Nevertheless, the stocks have risen 13.24% over the past one year. While a 52-week high of $357.46 was reached on 02/14/23, a 52-week low of $219.99 was recorded on 01/05/23. SMA at 50 days reached $332.74, while 200 days put it at $290.08. A total of 0.63 million shares were traded, compared to the trading of 0.37 million shares in the previous session.

Levels Of Support And Resistance For AMP Stock

The 24-hour chart illustrates a support level at 340.03, which if violated will result in even more drops to 337.19. On the upside, there is a resistance level at 346.08. A further resistance level may holdings at 349.28. The Relative Strength Index (RSI) on the 14-day chart is 50.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.70, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.54%. Stochastics %K at 29.87% indicates the stock is a holding.

How much short interest is there in Ameriprise Financial Inc.?

A steep rise in short interest was recorded in Ameriprise Financial Inc. stocks on Jan 30, 2023, dropping by 8930.0 shares to a total of 0.78 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 0.79 million shares. There was a decline of -1.15%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.85% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.42.

Ameriprise Financial Inc. [AMP] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 13,439,830 shares, or roughly 12.63% of the outstanding AMP shares. In other words, the investor’s shares have fallen by -42,623 from its previous 13-F filing of 13482453.0. Additionally, BlackRock Fund Advisors increased 3.54% of its stake after which the total value it holdings stand at $2,165,575,879, while SSgA Funds Management, Inc. reduced -1.73% of its stake to hold $1.7 billion in the firm. Over the last quarter, Aristotle Capital Management LLC sold -250,209 shares of Ameriprise Financial Inc., while JPMorgan Investment Management, I sold 24,347 shares. At present, Geode Capital Management LLC is holding 2,405,659 shares valued at $842.27 million. Boston Partners Global Investors, owned 1,989,463 shares of the company at the time of its most recent 13F filing, worth $696.55 million.


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