UBS Asset Management Americas Inc. grew its holdings in shares of AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) by 37.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 655,992 shares of the financial services provider’s stock after buying an additional 179,365 shares during the quarter. UBS Asset Management Americas Inc. owned approximately 0.44% of AMERIPRISE FINANCIAL SERVICES, INC. worth $83,501,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AMP. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its position in AMERIPRISE FINANCIAL SERVICES, INC. by 0.7% during 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 buying an additional 6 shares in the last quarter. Parallel Advisors LLC lifted its position in AMERIPRISE FINANCIAL SERVICES, INC. by 17.5% during the 2nd quarter. Parallel Advisors LLC now owns 777 shares of the financial services provider’s stock worth $113,000 after buying an additional 116 shares in the last quarter. Mckinley Capital Management LLC Delaware bought a new stake in AMERIPRISE FINANCIAL SERVICES, INC. during the 1st quarter worth about $124,000. Meeder Asset Management Inc. bought a new stake in AMERIPRISE FINANCIAL SERVICES, INC. during the 1st quarter worth about $149,000. Finally, Johnson Financial Group Inc. lifted its position in AMERIPRISE FINANCIAL SERVICES, INC. by 3.3% during the 2nd quarter. Johnson Financial Group Inc. now owns 1,181 shares of the financial services provider’s stock worth $150,000 after buying an additional 38 shares in the last quarter. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Chairman James M. Cracchiolo sold 97,545 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $144.67, for a total transaction of $14,111,835.15. Following the transaction, the chairman now directly owns 474,139 shares of the company’s stock, valued at $68,593,689.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman James M. Cracchiolo sold 39,450 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $144.50, for a total transaction of $5,700,525.00. Following the transaction, the chairman now directly owns 260,887 shares in the company, valued at $37,698,171.50. The disclosure for this sale can be found here. Insiders have sold 185,966 shares of company stock worth $26,868,153 over the last three months. 1.50% of the stock is owned by insiders.

Shares of AMERIPRISE FINANCIAL SERVICES, INC. (AMP) opened at 142.12 on Friday. AMERIPRISE FINANCIAL SERVICES, INC. has a one year low of $86.25 and a one year high of $149.99. The company has a market capitalization of $21.31 billion, a PE ratio of 16.28 and a beta of 1.86. The stock has a 50 day moving average of $140.53 and a 200-day moving average of $132.16.

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

Several equities research analysts have commented on AMP shares. Zacks Investment Research raised shares of AMERIPRISE FINANCIAL SERVICES, INC. from a “hold” rating to a “buy” rating and set a $155.00 price target on the stock in a research report on Friday, September 1st. BidaskClub raised shares of AMERIPRISE FINANCIAL SERVICES, INC. from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Citigroup Inc. set a $166.00 price target on shares of AMERIPRISE FINANCIAL SERVICES, INC. and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Barclays PLC boosted their price target on shares of AMERIPRISE FINANCIAL SERVICES, INC. from $130.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Friday, August 11th. Finally, Morgan Stanley boosted their price target on shares of AMERIPRISE FINANCIAL SERVICES, INC. from $148.00 to $152.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. AMERIPRISE FINANCIAL SERVICES, INC. currently has an average rating of “Hold” and a consensus price target of $147.09.

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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.

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Institutional Ownership by Quarter for AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP)

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