People s United Financial Inc. boosted its stake in shares of Ameriprise Financial Services, Inc. (NYSE:AMP) by 6.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,011 shares of the financial services provider’s stock after acquiring an additional 831 shares during the quarter. People s United Financial Inc.’s holdings in Ameriprise Financial Services were worth $1,656,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Parallel Advisors LLC lifted its holdings in shares of Ameriprise Financial Services by 17.5% during the second quarter. Parallel Advisors LLC now owns 777 shares of the financial services provider’s stock valued at $113,000 after acquiring an additional 116 shares during the period. 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 purchasing an additional 6 shares during the last quarter. Mckinley Capital Management LLC Delaware bought a new stake in shares of Ameriprise Financial Services in the 1st quarter worth about $124,000. Meeder Asset Management Inc. bought a new stake in shares of Ameriprise Financial Services in the 1st quarter worth about $149,000. Finally, 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 purchasing an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Several brokerages recently issued reports on AMP. Zacks Investment Research downgraded shares of Ameriprise Financial Services from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Citigroup Inc. set a $166.00 price objective on shares of Ameriprise Financial Services and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Barclays PLC upped their price objective on shares of Ameriprise Financial Services from $130.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Friday, August 11th. BidaskClub raised shares of Ameriprise Financial Services from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Finally, Royal Bank Of Canada started coverage on shares of Ameriprise Financial Services in a report on Thursday, June 29th. They set a “sector perform” rating and a $135.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $147.09.

In related news, insider David Kent Stewart sold 4,945 shares of Ameriprise Financial Services stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $144.21, for a total transaction of $713,118.45. Following the sale, the insider now directly owns 21,969 shares of the company’s stock, valued at approximately $3,168,149.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William F. Truscott sold 19,768 shares of Ameriprise Financial Services stock in a transaction that occurred 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 in the company, valued at $10,210,189.99. The disclosure for this sale can be found here. In the last three months, insiders have sold 182,979 shares of company stock valued at $26,479,126. Insiders own 1.50% of the company’s stock.

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Ameriprise Financial Services, Inc. (NYSE:AMP) traded up 0.010% during mid-day trading on Monday, hitting $148.525. 53,181 shares of the stock traded hands. The stock has a market capitalization of $22.27 billion, a PE ratio of 17.011 and a beta of 1.88. Ameriprise Financial Services, Inc. has a one year low of $86.25 and a one year high of $149.99. The company has a 50 day moving average price of $140.53 and a 200-day moving average price of $132.16.

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. Ameriprise Financial Services had a return on equity of 26.54% and a net margin of 11.81%. The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the firm posted $2.23 earnings per share. Ameriprise Financial Services’s revenue was up 3.3% compared to the same quarter last year. Equities analysts anticipate that Ameriprise Financial Services, Inc. will post $11.28 earnings per share for the current fiscal 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.

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

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