AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) Stake Held by Dubuque Bank & Trust Co.

Dubuque Bank & Trust Co. maintained its position in shares of AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 954 shares of the financial services provider’s stock at the end of the second quarter. Dubuque Bank & Trust Co.’s holdings in AMERIPRISE FINANCIAL SERVICES, INC. were worth $121,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of AMP. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in shares of AMERIPRISE FINANCIAL SERVICES, INC. by 0.5% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 828 shares of the financial services provider’s stock valued at $108,000 after buying an additional 4 shares during the last quarter. RMB Capital Management LLC boosted its position in shares of AMERIPRISE FINANCIAL SERVICES, INC. by 0.9% in the first quarter. RMB Capital Management LLC now owns 1,917 shares of the financial services provider’s stock valued at $249,000 after buying an additional 17 shares during the last quarter. Savant Capital LLC boosted its position in shares of AMERIPRISE FINANCIAL SERVICES, INC. by 0.7% in the first quarter. Savant Capital LLC now owns 3,067 shares of the financial services provider’s stock valued at $398,000 after buying an additional 20 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of AMERIPRISE FINANCIAL SERVICES, INC. by 1.1% in the first quarter. Private Advisor Group LLC now owns 2,608 shares of the financial services provider’s stock valued at $334,000 after buying an additional 28 shares during the last quarter. Finally, Trust Co. of Vermont boosted its position in shares of AMERIPRISE FINANCIAL SERVICES, INC. by 1.2% in the second quarter. Trust Co. of Vermont now owns 3,065 shares of the financial services provider’s stock valued at $390,000 after buying an additional 35 shares during the last quarter. Institutional investors own 81.72% of the company’s stock.

Shares of AMERIPRISE FINANCIAL SERVICES, INC. (NYSE AMP) opened at 143.36 on Friday. The firm’s 50-day moving average is $137.07 and its 200-day moving average is $129.38. The company has a market capitalization of $21.50 billion, a price-to-earnings ratio of 16.42 and a beta of 1.86. AMERIPRISE FINANCIAL SERVICES, INC. has a 12-month low of $86.25 and a 12-month high of $149.99.

AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) last released its quarterly earnings results 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, INC. had a net margin of 11.81% and a return on equity of 26.54%. The business had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the business posted $2.23 earnings per share. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities analysts predict that AMERIPRISE FINANCIAL SERVICES, INC. will post $11.30 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Monday, August 7th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Thursday, August 3rd. AMERIPRISE FINANCIAL SERVICES, INC.’s dividend payout ratio (DPR) is presently 37.81%.

AMERIPRISE FINANCIAL SERVICES, INC. declared that its Board of Directors has initiated a share buyback program on Monday, April 24th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 12.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

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Several brokerages have recently commented on AMP. Barclays PLC boosted their target price on shares of AMERIPRISE FINANCIAL SERVICES, INC. from $130.00 to $142.00 and gave the company an “equal weight” rating in a research report on Friday. Deutsche Bank AG restated a “hold” rating and issued a $140.00 target price (up from $137.00) on shares of AMERIPRISE FINANCIAL SERVICES, INC. in a research report on Thursday, April 20th. Royal Bank Of Canada initiated coverage on shares of AMERIPRISE FINANCIAL SERVICES, INC. in a research report on Thursday, June 29th. They issued a “sector perform” rating and a $135.00 target price for the company. BidaskClub upgraded shares of AMERIPRISE FINANCIAL SERVICES, INC. from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Finally, Citigroup Inc. set a $166.00 price objective on shares of AMERIPRISE FINANCIAL SERVICES, INC. and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $146.98.

In other news, Chairman James M. Cracchiolo sold 13,418 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $146.25, for a total transaction of $1,962,382.50. Following the sale, the chairman now owns 283,891 shares in the company, valued at approximately $41,519,058.75. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Randy Kupper sold 2,987 shares of the business’s stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $130.24, for a total transaction of $389,026.88. Following the sale, the executive vice president now owns 30,969 shares in the company, valued at approximately $4,033,402.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 144,891 shares of company stock worth $20,931,867. Company insiders own 1.50% of the company’s stock.

AMERIPRISE FINANCIAL SERVICES, INC. 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.

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

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