Dimensional Fund Advisors LP reduced its stake in Ameriprise Financial Services, Inc. (NYSE:AMP) by 18.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 789,899 shares of the financial services provider’s stock after selling 184,373 shares during the quarter. Dimensional Fund Advisors LP owned about 0.53% of Ameriprise Financial Services worth $117,305,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Boston Private Wealth LLC increased its stake in Ameriprise Financial Services by 2.2% in the third quarter. Boston Private Wealth LLC now owns 87,762 shares of the financial services provider’s stock valued at $13,033,000 after purchasing an additional 1,852 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Ameriprise Financial Services by 1.1% in the third quarter. Schwab Charles Investment Management Inc. now owns 561,632 shares of the financial services provider’s stock valued at $83,408,000 after purchasing an additional 6,221 shares during the last quarter. Commonwealth Bank of Australia increased its stake in Ameriprise Financial Services by 1.6% in the third quarter. Commonwealth Bank of Australia now owns 31,128 shares of the financial services provider’s stock valued at $4,615,000 after purchasing an additional 495 shares during the last quarter. Grove Bank & Trust increased its stake in Ameriprise Financial Services by 301.0% in the third quarter. Grove Bank & Trust now owns 1,532 shares of the financial services provider’s stock valued at $228,000 after purchasing an additional 1,150 shares during the last quarter. Finally, DSM Capital Partners LLC acquired a new position in Ameriprise Financial Services in the third quarter valued at $1,658,000. Institutional investors and hedge funds own 81.74% of the company’s stock.

Shares of Ameriprise Financial Services, Inc. (NYSE:AMP) opened at $167.93 on Monday. The company has a market capitalization of $24,841.88, a PE ratio of 14.28 and a beta of 1.93. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.67 and a current ratio of 0.67. Ameriprise Financial Services, Inc. has a 12 month low of $109.19 and a 12 month high of $170.35.

Ameriprise Financial Services (NYSE:AMP) last announced its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $3.12 EPS 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 return on equity of 29.75% and a net margin of 14.24%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.29 earnings per share. sell-side analysts anticipate that Ameriprise Financial Services, Inc. will post 12.14 EPS for the current fiscal year.

In other news, COO Charles Neal Maglaque sold 1,754 shares of the stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $161.01, for a total value of $282,411.54. Following the completion of the sale, the chief operating officer now owns 14,697 shares in the company, valued at $2,366,363.97. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman James M. Cracchiolo sold 42,228 shares of the 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 sale, the chairman now owns 242,013 shares of the company’s stock, valued at approximately $38,559,931.29. The disclosure for this sale can be found here. Insiders have sold 67,649 shares of company stock valued at $10,882,637 over the last 90 days. 1.50% of the stock is currently owned by insiders.

Several research firms recently commented on AMP. Royal Bank of Canada set a $168.00 target price on Ameriprise Financial Services and gave the company a “hold” rating in a research note on Saturday. ValuEngine lowered Ameriprise Financial Services from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. SunTrust Banks upped their target price on Ameriprise Financial Services from $140.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. Zacks Investment Research upgraded Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $167.00 target price for the company in a research note on Thursday, October 5th. Finally, Morgan Stanley upped their target price on Ameriprise Financial Services from $152.00 to $162.00 and gave the company an “overweight” rating in a research note on Thursday, October 5th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Ameriprise Financial Services currently has an average rating of “Buy” and an average price target of $155.64.

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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.

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

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