Yorktown Management & Research Co Inc grew its holdings in Ameriprise Financial Services, Inc. (NYSE:AMP) by 55.8% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 6,700 shares of the financial services provider’s stock after buying an additional 2,400 shares during the period. Yorktown Management & Research Co Inc’s holdings in Ameriprise Financial Services were worth $995,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in AMP. Creative Planning raised its holdings in shares of Ameriprise Financial Services by 1.8% in the second quarter. Creative Planning now owns 6,098 shares of the financial services provider’s stock valued at $776,000 after buying an additional 107 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in Ameriprise Financial Services by 89.2% during the second quarter. State of Alaska Department of Revenue now owns 1,824 shares of the financial services provider’s stock worth $232,000 after purchasing an additional 860 shares in the last quarter. LS Investment Advisors LLC raised its holdings in Ameriprise Financial Services by 3.8% during the second quarter. LS Investment Advisors LLC now owns 4,640 shares of the financial services provider’s stock worth $591,000 after purchasing an additional 171 shares in the last quarter. Farmers & Merchants Investments Inc. raised its holdings in Ameriprise Financial Services by 0.3% during the second quarter. Farmers & Merchants Investments Inc. now owns 22,140 shares of the financial services provider’s stock worth $2,818,000 after purchasing an additional 70 shares in the last quarter. Finally, APG Asset Management N.V. raised its holdings in Ameriprise Financial Services by 6.0% during the second quarter. APG Asset Management N.V. now owns 853,885 shares of the financial services provider’s stock worth $108,691,000 after purchasing an additional 48,200 shares in the last quarter. 80.87% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Colin Moore sold 4,285 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $161.09, for a total transaction of $690,270.65. Following the sale, the executive vice president now owns 73,690 shares in the company, valued at $11,870,722.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman James M. Cracchiolo sold 42,228 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $159.33, for a total transaction of $6,728,187.24. Following the sale, the chairman now owns 242,013 shares in the company, valued at approximately $38,559,931.29. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 59,717 shares of company stock worth $9,543,677. 1.50% of the stock is owned by company insiders.

COPYRIGHT VIOLATION NOTICE: “Yorktown Management & Research Co Inc Increases Stake in Ameriprise Financial Services, Inc. (AMP)” was published by Watch List News and is the sole property of of Watch List News. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/yorktown-management-research-co-inc-increases-stake-in-ameriprise-financial-services-inc-amp/1718126.html.

Several research analysts recently issued reports on the stock. SunTrust Banks, Inc. increased their price target on shares of Ameriprise Financial Services from $140.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. Royal Bank Of Canada set a $155.00 price target on shares of Ameriprise Financial Services and gave the stock a “sector perform” rating in a report on Wednesday, October 25th. Zacks Investment Research raised shares of Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $167.00 price target for the company in a report on Thursday, October 5th. Morgan Stanley increased their price target on shares of Ameriprise Financial Services from $152.00 to $162.00 and gave the stock an “overweight” rating in a report on Thursday, October 5th. Finally, Barclays PLC reissued an “equal weight” rating on shares of Ameriprise Financial Services in a report on Monday, October 2nd. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $154.20.

Ameriprise Financial Services, Inc. (AMP) traded down $1.52 during mid-day trading on Tuesday, hitting $159.13. 269,668 shares of the stock traded hands, compared to its average volume of 1,037,278. The firm has a market capitalization of $23,410.00, a price-to-earnings ratio of 13.46 and a beta of 1.92. Ameriprise Financial Services, Inc. has a twelve month low of $109.19 and a twelve month high of $163.04. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.82.

Ameriprise Financial Services (NYSE:AMP) last released its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $3.12 EPS for the quarter, beating the consensus estimate of $2.79 by $0.33. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $2.97 billion. Ameriprise Financial Services had a net margin of 14.24% and a return on equity of 29.75%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the business earned $2.29 earnings per share. sell-side analysts expect that Ameriprise Financial Services, Inc. will post 12.14 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Monday, November 6th were given a dividend of $0.83 per share. The ex-dividend date was Friday, November 3rd. This represents a $3.32 dividend on an annualized basis and a yield of 2.09%. Ameriprise Financial Services’s dividend payout ratio (DPR) is currently 31.00%.

Ameriprise Financial Services Company 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.

Want to see what other hedge funds are holding AMP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ameriprise Financial Services, Inc. (NYSE:AMP).

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

Receive News & Ratings for Ameriprise Financial Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameriprise Financial Services Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.