Chicago Equity Partners LLC boosted its stake in shares of Ameriprise Financial Services, Inc. (NYSE:AMP) by 646.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 58,385 shares of the financial services provider’s stock after buying an additional 50,565 shares during the period. Chicago Equity Partners LLC’s holdings in Ameriprise Financial Services were worth $7,432,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Ameriprise Financial Services by 1,709.0% in the first quarter. BlackRock Inc. now owns 10,640,305 shares of the financial services provider’s stock valued at $1,379,836,000 after buying an additional 10,052,130 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Ameriprise Financial Services by 71.8% in the first quarter. JPMorgan Chase & Co. now owns 5,939,366 shares of the financial services provider’s stock valued at $770,216,000 after buying an additional 2,481,827 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Ameriprise Financial Services by 54.6% in the first quarter. Bank of New York Mellon Corp now owns 3,906,928 shares of the financial services provider’s stock valued at $506,651,000 after buying an additional 1,380,098 shares during the last quarter. FMR LLC raised its stake in Ameriprise Financial Services by 115.7% in the first quarter. FMR LLC now owns 918,638 shares of the financial services provider’s stock valued at $119,130,000 after buying an additional 492,785 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in 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 valued at $242,543,000 after buying an additional 338,452 shares during the last quarter. 79.53% of the stock is owned by institutional investors and hedge funds.

Ameriprise Financial Services, Inc. (NYSE AMP) opened at 139.82 on Friday. The stock has a market capitalization of $20.97 billion, a price-to-earnings ratio of 16.01 and a beta of 1.87. Ameriprise Financial Services, Inc. has a 12 month low of $86.25 and a 12 month high of $149.99. The company has a 50 day moving average of $141.01 and a 200 day moving average of $131.63.

Ameriprise Financial Services (NYSE:AMP) last announced its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $2.80 earnings per share (EPS) 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 the consensus estimate of $2.90 billion. Ameriprise Financial Services had a return on equity of 26.54% and a net margin of 11.81%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.23 earnings per share. On average, equities analysts predict that Ameriprise Financial Services, Inc. will post $11.30 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Monday, August 7th were issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date was Thursday, August 3rd. Ameriprise Financial Services’s dividend payout ratio (DPR) is 37.81%.

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AMP has been the subject of several analyst reports. Morgan Stanley increased their price target on shares of Ameriprise Financial Services from $148.00 to $152.00 and gave the company an “overweight” rating in a research report on Wednesday, July 26th. BidaskClub raised shares of Ameriprise Financial Services from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Royal Bank Of Canada set a $149.00 price objective on shares of Ameriprise Financial Services and gave the company a “sector perform” rating in a research report on Wednesday, July 26th. Zacks Investment Research raised shares of Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $156.00 price objective for the company in a research report on Thursday, July 27th. Finally, Barclays PLC increased their price objective on shares of Ameriprise Financial Services from $130.00 to $142.00 and gave the company an “equal weight” rating in a research report on Friday, August 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. Ameriprise Financial Services currently has an average rating of “Hold” and an average target price of $146.87.

In other Ameriprise Financial Services news, EVP Randy Kupper sold 2,987 shares of the business’s stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $130.24, for a total value of $389,026.88. Following the completion of the sale, the executive vice president now owns 30,969 shares in the company, valued at $4,033,402.56. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman James M. Cracchiolo sold 39,450 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $144.50, for a total value of $5,700,525.00. Following the completion of the sale, the chairman now owns 260,887 shares of the company’s stock, valued at approximately $37,698,171.50. The disclosure for this sale can be found here. Insiders sold 185,966 shares of company stock valued at $26,868,153 over the last ninety days. 1.50% of the stock is currently owned by corporate insiders.

About Ameriprise Financial Services

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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