Ameriprise Financial Services, Inc. (NYSE:AMP) EVP Deirdre Davey Mcgraw sold 1,200 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $145.06, for a total value of $174,072.00. Following the sale, the executive vice president now directly owns 13,689 shares in the company, valued at $1,985,726.34. The sale was disclosed in a filing with the SEC, which is available through this link.

Ameriprise Financial Services, Inc. (AMP) traded up 1.24% during mid-day trading on Monday, reaching $145.14. The company had a trading volume of 723,908 shares. Ameriprise Financial Services, Inc. has a 52 week low of $86.25 and a 52 week high of $149.99. The stock has a 50 day moving average of $137.63 and a 200 day moving average of $129.80. The stock has a market capitalization of $21.76 billion, a price-to-earnings ratio of 16.62 and a beta of 1.86.

Ameriprise Financial Services (NYSE:AMP) last released its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $2.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.62 by $0.18. The company had revenue of $2.95 billion for 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 firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.23 earnings per share. Analysts anticipate that Ameriprise Financial Services, Inc. will post $11.30 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Monday, August 7th will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Thursday, August 3rd. Ameriprise Financial Services’s dividend payout ratio (DPR) is currently 37.81%.

Ameriprise Financial Services declared that its board has authorized a share buyback program on Monday, April 24th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire up to 12.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

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AMP has been the topic of several recent research reports. Zacks Investment Research cut Ameriprise Financial Services from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Royal Bank Of Canada set a $149.00 price objective on Ameriprise Financial Services and gave the stock a “sector perform” rating in a report on Wednesday, July 26th. Barclays PLC reaffirmed an “equal weight” rating and set a $130.00 price objective (up from $127.00) on shares of Ameriprise Financial Services in a report on Tuesday, April 25th. SunTrust Banks, Inc. restated a “hold” rating and set a $127.00 price target (up previously from $124.00) on shares of Ameriprise Financial Services in a report on Wednesday, April 26th. Finally, Morgan Stanley increased their price target on Ameriprise Financial Services from $148.00 to $152.00 and gave the company an “overweight” rating in a report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $146.98.

Institutional investors have recently added to or reduced their stakes in the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in Ameriprise Financial Services by 0.7% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 834 shares of the financial services provider’s stock worth $106,000 after buying an additional 6 shares during the period. Parallel Advisors LLC raised its position in Ameriprise Financial Services by 17.5% in the second quarter. Parallel Advisors LLC now owns 777 shares of the financial services provider’s stock worth $113,000 after buying an additional 116 shares during the period. Dubuque Bank & Trust Co. raised its position in Ameriprise Financial Services by 2.4% in the first quarter. Dubuque Bank & Trust Co. now owns 954 shares of the financial services provider’s stock worth $124,000 after buying an additional 22 shares during the period. Mckinley Capital Management LLC Delaware bought a new position in Ameriprise Financial Services during the first quarter worth $124,000. Finally, State of Alaska Department of Revenue bought a new position in Ameriprise Financial Services during the first quarter worth $125,000. 82.01% of the stock is currently owned by institutional investors.

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.

Insider Buying and Selling by Quarter for Ameriprise Financial Services (NYSE:AMP)

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