Vanguard Group Inc. reduced its stake in Ameriprise Financial, Inc. by 0.5% in the third quarter, selling 66,097 shares and retaining ownership of 12,366,164 shares valued at approximately $6.075 billion. Insiders have also sold shares totaling $9.675 million in the past three months. Despite the institutional selling, Ameriprise reported strong quarterly earnings, beating analyst expectations, and has a consensus analyst target price of $555.67 with an average “Hold” rating.
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Vanguard Group Inc. Sells 66,097 Shares of Ameriprise Financial, Inc. $AMP
Vanguard Group Inc. reduced its stake in Ameriprise Financial, Inc. by 0.5% in the third quarter, selling 66,097 shares and retaining ownership of 12,366,164 shares valued at approximately $6.075 billion. Insiders have also sold shares totaling $9.675 million in the past three months. Despite the institutional selling, Ameriprise reported strong quarterly earnings, beating analyst expectations, and has a consensus analyst target price of $555.67 with an average “Hold” rating.