Stephens Inc. AR decreased its holdings in Ameriprise Financial Services, Inc. (NYSE:AMP) by 5.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,040 shares of the financial services provider’s stock after selling 324 shares during the period. Stephens Inc. AR’s holdings in Ameriprise Financial Services were worth $897,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AMP. Victory Capital Management Inc. boosted its stake in shares of Ameriprise Financial Services by 499.6% in the third quarter. Victory Capital Management Inc. now owns 552,144 shares of the financial services provider’s stock worth $81,999,000 after acquiring an additional 460,058 shares during the period. Vanguard Group Inc. lifted its position in shares of Ameriprise Financial Services by 2.7% in 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. lifted its position in shares of Ameriprise Financial Services by 21.6% in 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. Canada Pension Plan Investment Board lifted its position in shares of Ameriprise Financial Services by 147.7% in the third quarter. Canada Pension Plan Investment Board now owns 504,364 shares of the financial services provider’s stock worth $74,903,000 after buying an additional 300,748 shares in the last quarter. Finally, Samlyn Capital LLC lifted its position in shares of Ameriprise Financial Services by 238.1% in 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. 80.87% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently commented on AMP. Zacks Investment Research downgraded Ameriprise Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Royal Bank Of Canada set a $149.00 target price on Ameriprise Financial Services and gave the stock a “hold” rating in a research report on Wednesday, October 18th. BidaskClub upgraded Ameriprise Financial Services from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Barclays PLC boosted their target price on Ameriprise Financial Services from $130.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Friday, August 11th. 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. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $154.20.

In other Ameriprise Financial Services news, COO Charles Neal Maglaque sold 1,754 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $161.01, for a total transaction of $282,411.54. Following the sale, the chief operating officer now directly owns 14,697 shares in the company, valued at $2,366,363.97. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman James M. Cracchiolo sold 42,228 shares of the company’s stock in a transaction that occurred on 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 sale, the chairman now owns 242,013 shares in the company, valued at $38,559,931.29. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 59,717 shares of company stock worth $9,543,677. Company insiders own 1.50% of the company’s stock.

Shares of Ameriprise Financial Services, Inc. (NYSE AMP) opened at $159.58 on Friday. 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 capitalization of $23,606.67, a PE ratio of 13.57 and a beta of 1.92. Ameriprise Financial Services, Inc. has a 52-week low of $109.19 and a 52-week high of $163.04.

Ameriprise Financial Services (NYSE:AMP) last issued its quarterly earnings data 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. Ameriprise Financial Services had a return on equity of 29.75% and a net margin of 14.24%. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same period in the prior year, the business posted $2.29 earnings per share. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. analysts anticipate that Ameriprise Financial Services, Inc. will post 12.14 EPS for the current fiscal year.

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

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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.

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

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