Carret Asset Management LLC trimmed its holdings in shares of Ameriprise Financial Services, Inc. (NYSE:AMP) by 0.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,181 shares of the financial services provider’s stock after selling 65 shares during the quarter. Carret Asset Management LLC’s holdings in Ameriprise Financial Services were worth $1,423,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of AMP. BlackRock Inc. grew its position in Ameriprise Financial Services by 1,709.0% during the first quarter. BlackRock Inc. now owns 10,640,305 shares of the financial services provider’s stock worth $1,379,836,000 after buying an additional 10,052,130 shares in the last quarter. FMR LLC grew its position in Ameriprise Financial Services by 115.7% during the first quarter. FMR LLC now owns 918,638 shares of the financial services provider’s stock worth $119,130,000 after buying an additional 492,785 shares in the last quarter. Vanguard Group Inc. grew its position in Ameriprise Financial Services by 2.7% during the second quarter. Vanguard Group Inc. now owns 12,744,678 shares of the financial services provider’s stock worth $1,622,270,000 after buying an additional 340,206 shares in the last quarter. American Century Companies Inc. grew its position in Ameriprise Financial Services by 21.6% during the second quarter. American Century Companies Inc. now owns 1,905,436 shares of the financial services provider’s stock worth $242,543,000 after buying an additional 338,452 shares in the last quarter. Finally, Samlyn Capital LLC grew its position in Ameriprise Financial Services by 238.1% during the second quarter. Samlyn Capital LLC now owns 413,106 shares of the financial services provider’s stock worth $52,584,000 after buying an additional 290,921 shares in the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

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Shares of Ameriprise Financial Services, Inc. (AMP) traded down 0.50% during midday trading on Friday, reaching $149.79. The company’s stock had a trading volume of 176,536 shares. Ameriprise Financial Services, Inc. has a 12 month low of $86.25 and a 12 month high of $151.98. The company’s 50-day moving average price is $140.72 and its 200-day moving average price is $133.34. The company has a market cap of $22.46 billion, a PE ratio of 17.16 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, beating the Zacks’ consensus estimate of $2.62 by $0.18. The firm had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.90 billion. Ameriprise Financial Services had a return on equity of 26.54% and a net margin of 11.81%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.23 earnings per share. On average, equities analysts anticipate that Ameriprise Financial Services, Inc. will post $11.28 EPS for the current fiscal year.

In other news, CEO William F. Truscott sold 19,768 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $144.43, for a total transaction of $2,855,092.24. Following the completion of the transaction, the chief executive officer now owns 70,693 shares in the company, valued at $10,210,189.99. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman James M. Cracchiolo sold 97,545 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $144.67, for a total value of $14,111,835.15. Following the transaction, the chairman now owns 474,139 shares of the company’s stock, valued at approximately $68,593,689.13. 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. Company insiders own 1.50% of the company’s stock.

Several equities analysts recently commented on AMP shares. Royal Bank Of Canada set a $149.00 target price on Ameriprise Financial Services and gave the stock a “sector perform” rating in a research report on Wednesday, July 26th. BidaskClub cut Ameriprise Financial Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 19th. Morgan Stanley boosted their target price on Ameriprise Financial Services from $148.00 to $152.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 26th. Zacks Investment Research upgraded Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $157.00 target price for the company in a research report on Monday, September 18th. Finally, Citigroup Inc. set a $166.00 target price on Ameriprise Financial Services and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $149.31.

Ameriprise Financial Services 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 (NYSE:AMP)

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