Norinchukin Bank The boosted its holdings in Ameriprise Financial Services, Inc. (NYSE:AMP) by 6.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,295 shares of the financial services provider’s stock after buying an additional 1,146 shares during the quarter. Norinchukin Bank The’s holdings in Ameriprise Financial Services were worth $3,014,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of AMP. ING Groep NV lifted its position in Ameriprise Financial Services by 66.2% in the third quarter. ING Groep NV now owns 12,958 shares of the financial services provider’s stock valued at $1,924,000 after purchasing an additional 5,162 shares during the period. Wasatch Advisors Inc. lifted its position in shares of Ameriprise Financial Services by 43.4% during the 3rd quarter. Wasatch Advisors Inc. now owns 3,964 shares of the financial services provider’s stock valued at $589,000 after acquiring an additional 1,200 shares during the period. Assetmark Inc. lifted its position in shares of Ameriprise Financial Services by 16.0% during the 3rd quarter. Assetmark Inc. now owns 4,794 shares of the financial services provider’s stock valued at $712,000 after acquiring an additional 661 shares during the period. Yorktown Management & Research Co Inc lifted its position in shares of Ameriprise Financial Services by 55.8% during the 3rd quarter. Yorktown Management & Research Co Inc now owns 6,700 shares of the financial services provider’s stock valued at $995,000 after acquiring an additional 2,400 shares during the period. Finally, Renaissance Group LLC lifted its position in shares of Ameriprise Financial Services by 12,127.8% during the 3rd quarter. Renaissance Group LLC now owns 219,978 shares of the financial services provider’s stock valued at $32,669,000 after acquiring an additional 218,179 shares during the period. 80.87% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on AMP shares. Zacks Investment Research upgraded shares of Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $155.00 price target for the company in a research report on Friday, September 1st. Citigroup Inc. set a $166.00 target price on shares of Ameriprise Financial Services and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. BidaskClub cut shares of Ameriprise Financial Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 19th. Barclays PLC reaffirmed an “equal weight” rating on shares of Ameriprise Financial Services in a research note on Monday, October 2nd. Finally, Royal Bank Of Canada set a $149.00 target price on shares of Ameriprise Financial Services and gave the stock a “hold” rating in a research note on Wednesday, October 18th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Ameriprise Financial Services currently has an average rating of “Buy” and a consensus price target of $154.20.

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Ameriprise Financial Services, Inc. (NYSE:AMP) opened at $159.58 on Friday. Ameriprise Financial Services, Inc. has a 1-year low of $109.19 and a 1-year high of $163.04. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market cap of $23,606.67, a price-to-earnings ratio of 13.57 and a beta of 1.92.

Ameriprise Financial Services (NYSE:AMP) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $3.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.79 by $0.33. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $2.97 billion. Ameriprise Financial Services had a net margin of 14.24% and a return on equity of 29.75%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.29 EPS. equities analysts expect that Ameriprise Financial Services, Inc. will post 12.14 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Monday, November 6th were given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date was Friday, November 3rd. Ameriprise Financial Services’s dividend payout ratio is presently 30.97%.

In other Ameriprise Financial Services news, Chairman James M. Cracchiolo sold 42,228 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $159.33, for a total value of $6,728,187.24. Following the completion of the transaction, the chairman now owns 242,013 shares in the company, valued at approximately $38,559,931.29. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Charles Neal Maglaque sold 1,754 shares of the stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $161.01, for a total transaction of $282,411.54. Following the completion of the transaction, the chief operating officer now owns 14,697 shares of the company’s stock, valued at $2,366,363.97. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 59,717 shares of company stock valued at $9,543,677. Insiders own 1.50% of the company’s stock.

Ameriprise Financial Services Company Profile

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.

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

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