FTB Advisors Inc. trimmed its position in shares of Ameriprise Financial Services, Inc. (NYSE:AMP) by 2.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,806 shares of the financial services provider’s stock after selling 1,255 shares during the period. Ameriprise Financial Services makes up 0.9% of FTB Advisors Inc.’s portfolio, making the stock its 27th biggest position. FTB Advisors Inc.’s holdings in Ameriprise Financial Services were worth $8,289,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its holdings in Ameriprise Financial Services by 0.7% during the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 834 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 6 shares in the last quarter. Parallel Advisors LLC grew its holdings in Ameriprise Financial Services by 17.5% during the 2nd quarter. Parallel Advisors LLC now owns 777 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 116 shares in the last quarter. IHT Wealth Management LLC grew its holdings in Ameriprise Financial Services by 284.0% during the 2nd quarter. IHT Wealth Management LLC now owns 311 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 230 shares in the last quarter. Sun Life Financial INC grew its holdings in Ameriprise Financial Services by 10,100.0% during the 2nd quarter. Sun Life Financial INC now owns 1,122 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 1,111 shares in the last quarter. Finally, Johnson Financial Group Inc. grew its holdings in Ameriprise Financial Services by 3.3% during the 2nd quarter. Johnson Financial Group Inc. now owns 1,181 shares of the financial services provider’s stock valued at $150,000 after purchasing an additional 38 shares in the last quarter. 80.87% of the stock is owned by institutional investors and hedge funds.

In other news, Chairman James M. Cracchiolo sold 42,228 shares of Ameriprise Financial Services 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 directly owns 242,013 shares of the company’s stock, valued at approximately $38,559,931.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Colin Moore sold 4,285 shares of Ameriprise Financial Services stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $161.09, for a total transaction of $690,270.65. Following the completion of the transaction, the executive vice president now directly owns 73,690 shares of the company’s stock, valued at $11,870,722.10. The disclosure for this sale can be found here. Insiders sold a total of 59,717 shares of company stock valued at $9,543,677 over the last ninety days. Company insiders own 1.50% of the company’s stock.

Ameriprise Financial Services, Inc. (NYSE:AMP) opened at $159.56 on Friday. The firm has a market cap of $23,603.71, a price-to-earnings ratio of 13.57 and a beta of 1.92. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.82. Ameriprise Financial Services, Inc. has a fifty-two week low of $109.19 and a fifty-two week high of $163.04.

Ameriprise Financial Services (NYSE:AMP) last announced its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $3.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.79 by $0.33. The company had revenue of $3 billion during 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 firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the business earned $2.29 EPS. sell-side analysts predict that Ameriprise Financial Services, Inc. will post 12.14 earnings per share for the current year.

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

AMP has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $167.00 price objective for the company in a report on Thursday, October 5th. Citigroup Inc. set a $166.00 price objective on shares of Ameriprise Financial Services and gave the stock a “buy” rating in a report on Wednesday, August 2nd. BidaskClub lowered shares of Ameriprise Financial Services from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 19th. Barclays PLC raised their price objective on shares of Ameriprise Financial Services from $130.00 to $142.00 and gave the stock an “equal weight” rating in a report on Friday, August 11th. Finally, Royal Bank Of Canada set a $149.00 price objective on shares of Ameriprise Financial Services and gave the stock a “hold” rating in a report on Wednesday, October 18th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Ameriprise Financial Services has an average rating of “Buy” and an average price target of $154.20.

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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.

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

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