Ameriprise Financial Services, Inc. (AMP) Holdings Lifted by Flinton Capital Management LLC
Flinton Capital Management LLC lifted its stake in shares of Ameriprise Financial Services, Inc. (NYSE:AMP) by 40.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,394 shares of the financial services provider’s stock after purchasing an additional 19,958 shares during the period. Flinton Capital Management LLC’s holdings in Ameriprise Financial Services were worth $8,833,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in AMP. Ameriprise Financial Inc. boosted its holdings in shares of Ameriprise Financial Services by 2.2% during the 1st quarter. Ameriprise Financial Inc. now owns 45,726 shares of the financial services provider’s stock worth $5,928,000 after buying an additional 1,001 shares during the period. Oxford Asset Management bought a new position in Ameriprise Financial Services in the 1st quarter valued at about $1,122,000. Schroder Investment Management Group bought a new position in Ameriprise Financial Services in the 1st quarter valued at about $739,000. Bank of Hawaii acquired a new stake in Ameriprise Financial Services during the first quarter worth approximately $412,000. Finally, Leisure Capital Management lifted its position in Ameriprise Financial Services by 0.5% during the first quarter. Leisure Capital Management now owns 16,339 shares of the financial services provider’s stock worth $2,119,000 after acquiring an additional 83 shares during the last quarter. Institutional investors own 79.39% of the company’s stock.
Shares of Ameriprise Financial Services, Inc. (NYSE AMP) traded down 0.084% during mid-day trading on Wednesday, hitting $149.325. 216,083 shares of the stock traded hands. Ameriprise Financial Services, Inc. has a 52 week low of $86.25 and a 52 week high of $151.03. The firm’s 50-day moving average is $140.37 and its 200-day moving average is $133.10. The stock has a market cap of $22.39 billion, a price-to-earnings ratio of 17.103 and a beta of 1.88.
Ameriprise Financial Services (NYSE:AMP) last issued its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $2.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.62 by $0.18. Ameriprise Financial Services had a return on equity of 26.54% and a net margin of 11.81%. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the company earned $2.23 EPS. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, analysts forecast that Ameriprise Financial Services, Inc. will post $11.27 earnings per share for the current year.
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In other Ameriprise Financial Services news, Chairman James M. Cracchiolo sold 39,450 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $144.50, for a total transaction of $5,700,525.00. Following the transaction, the chairman now directly owns 260,887 shares of the company’s stock, valued at approximately $37,698,171.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider David Kent Stewart sold 4,945 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $144.21, for a total transaction of $713,118.45. Following the transaction, the insider now directly owns 21,969 shares in the company, valued at $3,168,149.49. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 182,979 shares of company stock valued at $26,479,126. 1.50% of the stock is owned by corporate insiders.
AMP has been the topic of several research reports. Barclays PLC reaffirmed an “equal weight” rating on shares of Ameriprise Financial Services in a research report on Monday. Zacks Investment Research downgraded shares of Ameriprise Financial Services from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. BidaskClub lowered shares of Ameriprise Financial Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 19th. Citigroup Inc. set a $166.00 target price on shares of Ameriprise Financial Services and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Finally, Royal Bank Of Canada set a $149.00 price target on Ameriprise Financial Services and gave the stock a “sector perform” rating in a research report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $147.09.
About Ameriprise Financial Services
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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