MML Investors Services LLC bought a new position in Ameriprise Financial Services, Inc. (NYSE:AMP) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,995 shares of the financial services provider’s stock, valued at approximately $254,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Ameriprise Financial Services by 1,709.0% during the 1st quarter. BlackRock Inc. now owns 10,640,305 shares of the financial services provider’s stock valued at $1,379,836,000 after purchasing an additional 10,052,130 shares during the last quarter. FMR LLC increased its position in Ameriprise Financial Services by 115.7% during 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. increased its position in Ameriprise Financial Services by 2.7% during 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. lifted its stake 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 valued at $242,543,000 after purchasing an additional 338,452 shares during the last quarter. Finally, AXA lifted its stake in Ameriprise Financial Services by 977.6% in the 2nd quarter. AXA now owns 310,074 shares of the financial services provider’s stock valued at $39,470,000 after purchasing an additional 281,300 shares during the last quarter. Institutional investors own 79.39% of the company’s stock.

In other news, CEO William F. Truscott sold 19,768 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $144.43, for a total value of $2,855,092.24. Following the completion of the sale, the chief executive officer now owns 70,693 shares of the company’s stock, valued at approximately $10,210,189.99. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Kelli A. Hunter sold 1,500 shares of the stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $144.59, for a total value of $216,885.00. Following the sale, the vice president now owns 27,356 shares of the company’s stock, valued at $3,955,404.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 182,979 shares of company stock valued at $26,479,126. Company insiders own 1.50% of the company’s stock.

A number of analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $155.00 target price on the stock in a research report on Friday, September 1st. BidaskClub upgraded Ameriprise Financial Services from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Citigroup Inc. set a $166.00 price objective on Ameriprise Financial Services and gave the company a “buy” rating in a report on Wednesday, August 2nd. Finally, Barclays PLC boosted their price objective 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $147.09.

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Shares of Ameriprise Financial Services, Inc. (NYSE AMP) opened at 148.67 on Tuesday. The firm has a market cap of $22.29 billion, a PE ratio of 17.03 and a beta of 1.88. The stock has a 50 day moving average price of $140.25 and a 200 day moving average price of $132.97. 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 released its earnings results on Tuesday, July 25th. The financial services provider reported $2.80 EPS for the quarter, beating the Thomson Reuters’ 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 net margin of 11.81% and a return on equity of 26.54%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.23 EPS. Equities analysts expect that Ameriprise Financial Services, Inc. will post $11.28 earnings per share for the current year.

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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