Eagle Asset Management Inc. increased its position in Ameriprise Financial Services, Inc. (NYSE:AMP) by 18.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 414,161 shares of the financial services provider’s stock after buying an additional 64,003 shares during the period. Eagle Asset Management Inc. owned approximately 0.28% of Ameriprise Financial Services worth $52,718,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. boosted 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 in the last quarter. JPMorgan Chase & Co. raised its position in shares of 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 worth $770,216,000 after buying an additional 2,481,827 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of 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 worth $506,651,000 after buying an additional 1,380,098 shares during the last quarter. FMR LLC raised its position in shares of Ameriprise Financial Services by 115.7% in the first quarter. FMR LLC now owns 918,638 shares of the financial services provider’s stock worth $119,130,000 after buying an additional 492,785 shares during the last quarter. Finally, American Century Companies Inc. raised 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 during the last quarter. Institutional investors and hedge funds own 79.53% of the company’s stock.

Ameriprise Financial Services, Inc. (AMP) opened at 139.82 on Friday. The firm has a market capitalization of $20.97 billion, a price-to-earnings ratio of 16.01 and a beta of 1.87. The company has a 50-day moving average of $141.01 and a 200-day moving average of $131.63. Ameriprise Financial Services, Inc. has a 52 week low of $86.25 and a 52 week high of $149.99.

Ameriprise Financial Services (NYSE:AMP) last issued its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $2.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.62 by $0.18. The firm had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Ameriprise Financial Services had a net margin of 11.81% and a return on equity of 26.54%. The business’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the company earned $2.23 earnings per share. On average, equities analysts forecast that Ameriprise Financial Services, Inc. will post $11.30 earnings per share for the current fiscal year.

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

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Several equities research analysts have recently weighed in on the company. BidaskClub raised Ameriprise Financial Services from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 4th. 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. Zacks Investment Research upgraded Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $156.00 price objective for the company in a report on Thursday, July 27th. 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. Finally, Morgan Stanley increased their price objective on Ameriprise Financial Services from $148.00 to $152.00 and gave the stock an “overweight” rating in a report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. Ameriprise Financial Services presently has an average rating of “Hold” and a consensus price target of $146.87.

In other Ameriprise Financial Services news, Chairman James M. Cracchiolo sold 39,450 shares of Ameriprise Financial Services stock in a transaction dated 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 sale, the chairman now owns 260,887 shares of the company’s stock, valued at $37,698,171.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO William F. Truscott sold 19,768 shares of Ameriprise Financial Services stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $144.43, for a total transaction of $2,855,092.24. Following the completion of the sale, the chief executive officer now directly owns 70,693 shares in the company, valued at approximately $10,210,189.99. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 185,966 shares of company stock worth $26,868,153. 1.50% of the stock is 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.

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

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