FTB Advisors Inc. grew its stake in Ameriprise Financial Services, Inc. (NYSE:AMP) by 0.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,061 shares of the financial services provider’s stock after purchasing an additional 268 shares during the quarter. Ameriprise Financial Services comprises about 0.8% of FTB Advisors Inc.’s holdings, making the stock its 29th biggest holding. FTB Advisors Inc.’s holdings in Ameriprise Financial Services were worth $7,575,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of AMP. BlackRock Inc. raised its holdings in Ameriprise Financial Services by 1,709.0% in the 1st quarter. BlackRock Inc. now owns 10,640,305 shares of the financial services provider’s stock worth $1,379,836,000 after purchasing an additional 10,052,130 shares in the last quarter. FMR LLC raised its holdings in Ameriprise Financial Services by 115.7% in the 1st quarter. FMR LLC now owns 918,638 shares of the financial services provider’s stock worth $119,130,000 after purchasing an additional 492,785 shares in the last quarter. Vanguard Group Inc. raised its holdings in Ameriprise Financial Services by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 12,744,678 shares of the financial services provider’s stock worth $1,622,270,000 after purchasing an additional 340,206 shares in the last quarter. American Century Companies Inc. raised its holdings in Ameriprise Financial Services by 21.6% in the 2nd quarter. American Century Companies Inc. now owns 1,905,436 shares of the financial services provider’s stock worth $242,543,000 after purchasing an additional 338,452 shares in the last quarter. Finally, Samlyn Capital LLC raised its holdings in Ameriprise Financial Services by 238.1% in the 2nd quarter. Samlyn Capital LLC now owns 413,106 shares of the financial services provider’s stock worth $52,584,000 after purchasing an additional 290,921 shares in the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

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In other Ameriprise Financial Services news, VP Karen Wilson Thissen sold 425 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $145.15, for a total value of $61,688.75. Following the completion of the transaction, the vice president now directly owns 10,956 shares in the company, valued at $1,590,263.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman James M. Cracchiolo sold 97,545 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $144.67, for a total transaction of $14,111,835.15. Following the completion of the transaction, the chairman now owns 474,139 shares of the company’s stock, valued at $68,593,689.13. The disclosure for this sale can be found here. Insiders sold 182,979 shares of company stock valued at $26,479,126 over the last 90 days. 1.50% of the stock is currently owned by corporate insiders.

Shares of Ameriprise Financial Services, Inc. (NYSE:AMP) traded up 0.65% on Thursday, hitting $150.85. 321,981 shares of the company traded hands. Ameriprise Financial Services, Inc. has a 1-year low of $86.25 and a 1-year high of $151.51. The firm has a market capitalization of $22.62 billion, a P/E ratio of 17.28 and a beta of 1.88. The firm’s 50-day moving average is $140.51 and its 200 day moving average is $133.22.

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, beating the 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% on a year-over-year basis. During the same period in the previous year, the company posted $2.23 earnings per share. On average, analysts anticipate that Ameriprise Financial Services, Inc. will post $11.28 earnings per share for the current fiscal year.

Several research analysts have commented on AMP shares. BidaskClub upgraded shares of Ameriprise Financial Services from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Royal Bank Of Canada started coverage on shares of Ameriprise Financial Services in a report on Thursday, June 29th. They issued a “sector perform” rating and a $135.00 price objective for the company. Morgan Stanley upped their price objective on shares of Ameriprise Financial Services from $148.00 to $152.00 and gave the stock an “overweight” rating in a report on Wednesday, July 26th. Zacks Investment Research upgraded shares of Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $156.00 price target for the company in a research note on Thursday, July 27th. Finally, Citigroup Inc. set a $166.00 price target on shares of Ameriprise Financial Services and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $149.31.

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.

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

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