OxFORD Asset Management LLP increased its position in Ameriprise Financial Services, Inc. (NYSE:AMP) by 114.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,597 shares of the financial services provider’s stock after acquiring an additional 9,944 shares during the period. OxFORD Asset Management LLP’s holdings in Ameriprise Financial Services were worth $2,367,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its holdings in shares of Ameriprise Financial Services by 0.7% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 834 shares of the financial services provider’s stock worth $106,000 after acquiring an additional 6 shares during the period. Parallel Advisors LLC grew its holdings in shares of Ameriprise Financial Services by 17.5% in the 2nd quarter. Parallel Advisors LLC now owns 777 shares of the financial services provider’s stock worth $113,000 after acquiring an additional 116 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Ameriprise Financial Services in the 1st quarter worth approximately $149,000. Johnson Financial Group Inc. grew its holdings in shares of Ameriprise Financial Services by 3.3% in the 2nd quarter. Johnson Financial Group Inc. now owns 1,181 shares of the financial services provider’s stock worth $150,000 after acquiring an additional 38 shares during the period. Finally, Global X Management Co. LLC grew its holdings in shares of Ameriprise Financial Services by 27.7% in the 1st quarter. Global X Management Co. LLC now owns 1,288 shares of the financial services provider’s stock worth $167,000 after acquiring an additional 279 shares during the period. Institutional investors and hedge funds own 79.39% of the company’s stock.

Shares of Ameriprise Financial Services, Inc. (NYSE AMP) opened at 150.55 on Friday. The company has a 50-day moving average price of $140.72 and a 200-day moving average price of $133.34. Ameriprise Financial Services, Inc. has a 1-year low of $86.25 and a 1-year high of $151.51. The stock has a market cap of $22.57 billion, a price-to-earnings ratio of 17.24 and a beta of 1.88.

Ameriprise Financial Services (NYSE:AMP) last posted its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.62 by $0.18. Ameriprise Financial Services had a net margin of 11.81% and a return on equity of 26.54%. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the previous year, the company posted $2.23 EPS. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities analysts expect that Ameriprise Financial Services, Inc. will post $11.28 earnings per share for the current fiscal year.

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A number of research firms recently issued reports on AMP. 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. Zacks Investment Research raised Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $167.00 target price on the stock in a research note on Thursday. Barclays PLC reaffirmed an “equal weight” rating on shares of Ameriprise Financial Services in a research note on Monday. BidaskClub raised Ameriprise Financial Services from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 4th. Finally, Citigroup Inc. set a $166.00 target price on Ameriprise Financial Services and gave the company a “buy” rating in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $149.31.

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

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.

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

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