Macquarie Group Ltd. raised its position in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 0.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 63,702 shares of the financial services provider’s stock after purchasing an additional 427 shares during the quarter. Macquarie Group Ltd.’s holdings in Ameriprise Financial were worth $8,910,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Telemus Capital LLC boosted its stake in shares of Ameriprise Financial by 3.9% in the second quarter. Telemus Capital LLC now owns 9,627 shares of the financial services provider’s stock worth $1,347,000 after buying an additional 362 shares during the last quarter. Gs Investments Inc. boosted its stake in shares of Ameriprise Financial by 2.2% in the second quarter. Gs Investments Inc. now owns 18,145 shares of the financial services provider’s stock worth $2,538,000 after buying an additional 385 shares during the last quarter. Valeo Financial Advisors LLC boosted its stake in shares of Ameriprise Financial by 56.7% in the second quarter. Valeo Financial Advisors LLC now owns 1,075 shares of the financial services provider’s stock worth $147,000 after buying an additional 389 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of Ameriprise Financial by 10.0% in the second quarter. Captrust Financial Advisors now owns 4,368 shares of the financial services provider’s stock worth $611,000 after buying an additional 397 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Ameriprise Financial by 12.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,923 shares of the financial services provider’s stock worth $549,000 after buying an additional 421 shares during the last quarter. Institutional investors and hedge funds own 81.34% of the company’s stock.

A number of analysts have recently commented on AMP shares. Zacks Investment Research upgraded Ameriprise Financial from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a research note on Thursday, July 12th. Barclays lowered their price target on Ameriprise Financial from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Monday, July 9th. Sandler O’Neill set a $158.00 price target on Ameriprise Financial and gave the stock a “hold” rating in a research report on Wednesday, July 25th. ValuEngine upgraded Ameriprise Financial from a “sell” rating to a “hold” rating in a research report on Saturday, July 28th. Finally, Credit Suisse Group lowered their price target on Ameriprise Financial from $154.00 to $145.00 and set a “neutral” rating on the stock in a research report on Friday, August 17th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $165.25.

Shares of AMP stock opened at $149.99 on Monday. The company has a market cap of $21.28 billion, a price-to-earnings ratio of 10.65 and a beta of 1.82. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.76. Ameriprise Financial, Inc. has a 12-month low of $129.87 and a 12-month high of $183.90.

Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings results on Tuesday, July 24th. The financial services provider reported $3.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.51 by $0.09. The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.12 billion. Ameriprise Financial had a return on equity of 36.15% and a net margin of 13.91%. Ameriprise Financial’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.80 earnings per share. research analysts predict that Ameriprise Financial, Inc. will post 14.68 EPS for the current year.

About Ameriprise Financial

Ameriprise Financial, Inc, through its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through Advice & Wealth Management, Asset Management, Annuities, and Protection segments. The Advice & Wealth Management segment provides financial planning and advice, as well as full-service brokerage services primarily to retail clients through its advisors.

Featured Article: What is the Ex-Dividend Date in Investing?

Want to see what other hedge funds are holding AMP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ameriprise Financial, Inc. (NYSE:AMP).

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

Receive News & Ratings for Ameriprise Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameriprise Financial and related companies with MarketBeat.com's FREE daily email newsletter.