Ameriprise Financial Inc. Sells 10,518 Shares of MoneyLion Inc. (NYSE:ML)

Ameriprise Financial Inc. lowered its holdings in MoneyLion Inc. (NYSE:ML) by 57.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,897 shares of the company’s stock after selling 10,518 shares during the period. Ameriprise Financial Inc. owned approximately 0.07% of MoneyLion worth $679,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ML. New York State Teachers Retirement System bought a new stake in MoneyLion in the 4th quarter valued at about $67,000. Bank of New York Mellon Corp raised its position in shares of MoneyLion by 11.6% in the 4th quarter. Bank of New York Mellon Corp now owns 19,648 shares of the company’s stock valued at $1,690,000 after buying an additional 2,050 shares in the last quarter. MMCAP International Inc. SPC acquired a new position in shares of MoneyLion in the 4th quarter valued at approximately $41,435,000. SBI Securities Co. Ltd. acquired a new position in shares of MoneyLion in the 4th quarter valued at approximately $29,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of MoneyLion by 11.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 61,133 shares of the company’s stock valued at $5,258,000 after buying an additional 6,046 shares in the last quarter. Institutional investors own 31.43% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. B. Riley cut shares of MoneyLion from a “buy” rating to a “neutral” rating and dropped their target price for the company from $133.00 to $90.00 in a research report on Wednesday, February 26th. Needham & Company LLC restated a “hold” rating on shares of MoneyLion in a research report on Friday, March 7th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, MoneyLion presently has a consensus rating of “Moderate Buy” and an average target price of $90.40.

MoneyLion Price Performance

ML stock opened at $85.90 on Wednesday. The company has a 50 day simple moving average of $85.91 and a 200 day simple moving average of $86.28. The stock has a market cap of $972.39 million, a price-to-earnings ratio of 390.45 and a beta of 2.94. MoneyLion Inc. has a 1 year low of $36.65 and a 1 year high of $94.34.

MoneyLion Profile

MoneyLion Inc, a financial technology company, provides personalized products and financial content for American consumers. The company's platform offers access to banking, borrowing, and investing solutions for customers. Its principal products include RoarMoney, an insured digital demand deposit account; Instacash, a cash advance product that gives customers early access to their recurring income deposits; Credit Builder Plus membership program; MoneyLion Investing, an online investment account that offers access to separately managed accounts invested based on model exchange-traded fund portfolios; Roundups, which provides features designed to encourage customers to establish good saving and investing habits; and MoneyLion Crypto, an online cryptocurrency account.