Sciencast Management LP acquired a new stake in AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 6,028 shares of the financial services provider’s stock, valued at approximately $767,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in AMERIPRISE FINANCIAL SERVICES, INC. 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 valued at $106,000 after acquiring an additional 6 shares during the period. Intrust Bank NA raised its stake in AMERIPRISE FINANCIAL SERVICES, INC. by 0.7% in the 2nd quarter. Intrust Bank NA now owns 1,793 shares of the financial services provider’s stock valued at $228,000 after acquiring an additional 12 shares during the period. RMB Capital Management LLC raised its stake in AMERIPRISE FINANCIAL SERVICES, INC. by 0.9% in the 1st quarter. RMB Capital Management LLC now owns 1,917 shares of the financial services provider’s stock valued at $249,000 after acquiring an additional 17 shares during the period. Stratos Wealth Partners LTD. raised its stake in AMERIPRISE FINANCIAL SERVICES, INC. by 0.5% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 3,472 shares of the financial services provider’s stock valued at $442,000 after acquiring an additional 17 shares during the period. Finally, Neuberger Berman Group LLC raised its stake in AMERIPRISE FINANCIAL SERVICES, INC. by 0.3% in the 2nd quarter. Neuberger Berman Group LLC now owns 9,097 shares of the financial services provider’s stock valued at $1,158,000 after acquiring an additional 29 shares during the period. 79.39% of the stock is owned by institutional investors.

In other news, VP Kelli A. Hunter sold 1,500 shares of the company’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $144.59, for a total transaction of $216,885.00. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman James M. Cracchiolo sold 39,450 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $144.50, for a total value of $5,700,525.00. Following the transaction, the chairman now directly owns 260,887 shares in the company, valued at approximately $37,698,171.50. The disclosure for this sale can be found here. Insiders have sold a total of 182,979 shares of company stock worth $26,479,126 in the last ninety days. Insiders own 1.50% of the company’s stock.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded AMERIPRISE FINANCIAL SERVICES, INC. from a “hold” rating to a “buy” rating and set a $167.00 price target on the stock in a research note on Thursday. Morgan Stanley increased their price target on AMERIPRISE FINANCIAL SERVICES, INC. from $152.00 to $162.00 and gave the company an “overweight” rating in a research note on Thursday. Barclays PLC restated an “equal weight” rating on shares of AMERIPRISE FINANCIAL SERVICES, INC. in a research note on Monday, October 2nd. BidaskClub cut AMERIPRISE FINANCIAL SERVICES, INC. from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 19th. Finally, Citigroup Inc. set a $166.00 price target on AMERIPRISE FINANCIAL SERVICES, INC. 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 issued a hold rating and six have assigned a buy rating to the company. AMERIPRISE FINANCIAL SERVICES, INC. has a consensus rating of “Hold” and a consensus price target of $149.31.

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AMERIPRISE FINANCIAL SERVICES, INC. (AMP) traded up 0.29% on Friday, reaching $150.99. The company’s stock had a trading volume of 580,758 shares. The firm has a 50 day moving average of $141.07 and a 200 day moving average of $133.49. The firm has a market cap of $22.64 billion, a price-to-earnings ratio of 17.29 and a beta of 1.88. AMERIPRISE FINANCIAL SERVICES, INC. has a 12 month low of $86.25 and a 12 month high of $151.98.

AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) last issued its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $2.80 EPS for the quarter, beating analysts’ consensus estimates of $2.62 by $0.18. AMERIPRISE FINANCIAL SERVICES, INC. had a return on equity of 26.54% and a net margin of 11.81%. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the prior year, the firm earned $2.23 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. Analysts anticipate that AMERIPRISE FINANCIAL SERVICES, INC. will post $11.28 earnings per share for the current year.

AMERIPRISE FINANCIAL SERVICES, INC. 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, INC. (NYSE:AMP)

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