Gs Investments Inc. purchased a new stake in Ameriprise Financial Services, Inc. (NYSE:AMP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 18,725 shares of the financial services provider’s stock, valued at approximately $2,384,000. Ameriprise Financial Services accounts for about 1.8% of Gs Investments Inc.’s holdings, making the stock its 17th biggest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. Principal Financial Group Inc. lifted its stake in Ameriprise Financial Services by 109.3% in the second quarter. Principal Financial Group Inc. now owns 508,733 shares of the financial services provider’s stock valued at $64,757,000 after buying an additional 265,632 shares during the period. Intrust Bank NA lifted its stake in Ameriprise Financial Services by 0.7% in the second quarter. Intrust Bank NA now owns 1,793 shares of the financial services provider’s stock valued at $228,000 after buying an additional 12 shares during the period. First Eagle Investment Management LLC lifted its stake in Ameriprise Financial Services by 100.0% in the second quarter. First Eagle Investment Management LLC now owns 21,324 shares of the financial services provider’s stock valued at $2,714,000 after buying an additional 10,662 shares during the period. Airain ltd acquired a new position in Ameriprise Financial Services in the second quarter valued at approximately $1,184,000. Finally, Commonwealth Bank of Australia lifted its stake in Ameriprise Financial Services by 13.2% in the second quarter. Commonwealth Bank of Australia now owns 30,633 shares of the financial services provider’s stock valued at $3,897,000 after buying an additional 3,570 shares during the period. 79.36% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Ameriprise Financial Services, Inc. (NYSE:AMP) traded up 0.685% during trading on Friday, hitting $153.495. The stock had a trading volume of 129,613 shares. The firm has a 50 day moving average price of $144.71 and a 200-day moving average price of $135.11. Ameriprise Financial Services, Inc. has a 52 week low of $86.25 and a 52 week high of $154.14. The stock has a market capitalization of $23.02 billion, a price-to-earnings ratio of 17.580 and a beta of 1.88.

Ameriprise Financial Services (NYSE:AMP) last released its earnings results on Tuesday, July 25th. The financial services provider reported $2.80 EPS for the quarter, beating the Zacks’ consensus estimate of $2.62 by $0.18. The company had revenue of $2.95 billion during the quarter, compared to analysts’ expectations 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 last year, the business posted $2.23 EPS. On average, equities research analysts forecast that Ameriprise Financial Services, Inc. will post $11.27 EPS for the current fiscal year.

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Several equities analysts have issued reports on the company. Royal Bank Of Canada assumed coverage on Ameriprise Financial Services in a research note on Thursday, June 29th. They issued a “sector perform” rating and a $135.00 price target on the stock. Zacks Investment Research lowered Ameriprise Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. BidaskClub raised Ameriprise Financial Services from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. 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. Finally, Barclays PLC upped their target price on Ameriprise Financial Services from $130.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Friday, August 11th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Ameriprise Financial Services presently has an average rating of “Buy” and a consensus price target of $149.31.

In other Ameriprise Financial Services news, Chairman James M. Cracchiolo sold 39,450 shares of Ameriprise Financial Services stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $144.50, for a total transaction of $5,700,525.00. Following the completion of the transaction, the chairman now owns 260,887 shares in the company, valued at $37,698,171.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman James M. Cracchiolo sold 13,418 shares of Ameriprise Financial Services stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $146.25, for a total value of $1,962,382.50. Following the transaction, the chairman now owns 283,891 shares of the company’s stock, valued at approximately $41,519,058.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 182,979 shares of company stock valued at $26,479,126. 1.50% of the stock is currently owned by company insiders.

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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