Calamos Advisors LLC lowered its holdings in shares of AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) by 22.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,380 shares of the financial services provider’s stock after selling 405 shares during the period. Calamos Advisors LLC’s holdings in AMERIPRISE FINANCIAL SERVICES, INC. were worth $205,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Thrivent Financial For Lutherans grew its stake in AMERIPRISE FINANCIAL SERVICES, INC. by 1.4% in the first quarter. Thrivent Financial For Lutherans now owns 5,660 shares of the financial services provider’s stock valued at $734,000 after acquiring an additional 80 shares during the period. Fox Run Management L.L.C. acquired a new stake in AMERIPRISE FINANCIAL SERVICES, INC. in the second quarter valued at approximately $382,000. Guinness Asset Management Ltd grew its stake in AMERIPRISE FINANCIAL SERVICES, INC. by 12.9% in the second quarter. Guinness Asset Management Ltd now owns 1,750 shares of the financial services provider’s stock valued at $223,000 after acquiring an additional 200 shares during the period. Capstone Asset Management Co. grew its stake in AMERIPRISE FINANCIAL SERVICES, INC. by 3.4% in the second quarter. Capstone Asset Management Co. now owns 14,416 shares of the financial services provider’s stock valued at $1,835,000 after acquiring an additional 471 shares during the period. Finally, Fulton Bank N.A. grew its stake in AMERIPRISE FINANCIAL SERVICES, INC. by 47.9% in the second quarter. Fulton Bank N.A. now owns 4,635 shares of the financial services provider’s stock valued at $590,000 after acquiring an additional 1,501 shares during the period. 80.10% of the stock is owned by institutional investors and hedge funds.

AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) opened at $159.59 on Friday. AMERIPRISE FINANCIAL SERVICES, INC. has a fifty-two week low of $87.22 and a fifty-two week high of $163.04. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $23,608.15, a P/E ratio of 13.57 and a beta of 1.92.

AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) last posted its earnings results on Tuesday, October 24th. The financial services provider reported $3.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.79 by $0.33. AMERIPRISE FINANCIAL SERVICES, INC. had a return on equity of 29.75% and a net margin of 14.24%. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $2.97 billion. During the same quarter last year, the company earned $2.29 earnings per share. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. sell-side analysts forecast that AMERIPRISE FINANCIAL SERVICES, INC. will post 12.14 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Monday, November 6th will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $3.32 dividend on an annualized basis and a yield of 2.08%. AMERIPRISE FINANCIAL SERVICES, INC.’s dividend payout ratio (DPR) is currently 30.97%.

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A number of equities research analysts have commented on AMP shares. Zacks Investment Research raised AMERIPRISE FINANCIAL SERVICES, INC. from a “hold” rating to a “buy” rating and set a $167.00 price objective for the company in a research note on Thursday, October 5th. Morgan Stanley raised their price objective on AMERIPRISE FINANCIAL SERVICES, INC. from $148.00 to $152.00 and gave the company an “overweight” rating in a research note on Wednesday, July 26th. Royal Bank Of Canada set a $149.00 price objective on AMERIPRISE FINANCIAL SERVICES, INC. and gave the company a “sector perform” rating in a research note on Wednesday, July 26th. Barclays PLC reissued an “equal weight” rating on shares of AMERIPRISE FINANCIAL SERVICES, INC. in a research note on Monday, October 2nd. Finally, BidaskClub upgraded AMERIPRISE FINANCIAL SERVICES, INC. from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $154.20.

In related news, EVP Colin Moore sold 4,285 shares of AMERIPRISE FINANCIAL SERVICES, INC. stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $161.09, for a total transaction of $690,270.65. Following the sale, the executive vice president now directly owns 73,690 shares in the company, valued at $11,870,722.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Charles Neal Maglaque sold 1,754 shares of AMERIPRISE FINANCIAL SERVICES, INC. stock in a transaction on Friday, October 27th. The stock was sold at an average price of $161.01, for a total value of $282,411.54. Following the sale, the chief operating officer now owns 14,697 shares in the company, valued at $2,366,363.97. The disclosure for this sale can be found here. Insiders have sold 56,136 shares of company stock worth $8,360,698 over the last quarter. 1.50% of the stock is currently owned by corporate insiders.

AMERIPRISE FINANCIAL SERVICES, INC. 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.

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Institutional Ownership by Quarter for AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP)

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