AMERIPRISE FINANCIAL SERVICES, INC. (AMP) Shares Bought by Leavell Investment Management Inc.

Leavell Investment Management Inc. grew its position in shares of AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) by 16.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,507 shares of the financial services provider’s stock after buying an additional 500 shares during the quarter. Leavell Investment Management Inc.’s holdings in AMERIPRISE FINANCIAL SERVICES, INC. were worth $521,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of AMP. Thrivent Financial For Lutherans grew its stake in AMERIPRISE FINANCIAL SERVICES, INC. by 1.4% during the first quarter. Thrivent Financial For Lutherans now owns 5,660 shares of the financial services provider’s stock worth $734,000 after buying an additional 80 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in AMERIPRISE FINANCIAL SERVICES, INC. during the first quarter worth about $240,000. Oppenheimer Asset Management Inc. bought a new stake in AMERIPRISE FINANCIAL SERVICES, INC. during the first quarter worth about $616,000. Cambria Investment Management L.P. grew its stake in AMERIPRISE FINANCIAL SERVICES, INC. by 1.2% during the first quarter. Cambria Investment Management L.P. now owns 12,307 shares of the financial services provider’s stock worth $1,596,000 after buying an additional 150 shares during the last quarter. Finally, HighTower Advisors LLC grew its stake in AMERIPRISE FINANCIAL SERVICES, INC. by 25.5% during the first quarter. HighTower Advisors LLC now owns 15,958 shares of the financial services provider’s stock worth $2,071,000 after buying an additional 3,243 shares during the last quarter. 80.09% of the stock is currently owned by hedge funds and other institutional investors.

Shares of AMERIPRISE FINANCIAL SERVICES, INC. (AMP) traded down 1.34% during trading on Friday, reaching $160.62. 736,639 shares of the company traded hands. The firm has a market capitalization of $24.08 billion, a price-to-earnings ratio of 18.40 and a beta of 1.88. AMERIPRISE FINANCIAL SERVICES, INC. has a 12-month low of $86.25 and a 12-month high of $163.04. The company has a 50 day moving average price of $147.95 and a 200 day moving average price of $136.31.

AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) last posted its earnings results on Tuesday, October 24th. The financial services provider reported $3.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.79 by $0.33. AMERIPRISE FINANCIAL SERVICES, INC. had a net margin of 14.24% and a return on equity of 29.20%. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $2.97 billion. During the same period in the previous year, the firm posted $2.29 EPS. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, equities analysts predict that AMERIPRISE FINANCIAL SERVICES, INC. will post $11.81 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Monday, November 6th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Friday, November 3rd. AMERIPRISE FINANCIAL SERVICES, INC.’s payout ratio is 30.97%.

In other AMERIPRISE FINANCIAL SERVICES, INC. news, Chairman James M. Cracchiolo sold 39,450 shares of the business’s stock in a transaction that occurred on 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 sale, the chairman now directly owns 260,887 shares of the company’s stock, valued at approximately $37,698,171.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Karen Wilson Thissen sold 425 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $145.15, for a total transaction of $61,688.75. Following the sale, the vice president now directly owns 10,956 shares in the company, valued at $1,590,263.40. The disclosure for this sale can be found here. Insiders have sold a total of 176,534 shares of company stock worth $25,549,123 over the last three months. Insiders own 1.50% of the company’s stock.

Several analysts have weighed in on AMP shares. Zacks Investment Research raised shares of AMERIPRISE FINANCIAL SERVICES, INC. from a “hold” rating to a “buy” rating and set a $157.00 price objective on the stock in a research note on Monday, September 18th. Citigroup Inc. set a $166.00 price target on shares of AMERIPRISE FINANCIAL SERVICES, INC. and gave the company a “buy” rating in a research note on Wednesday, August 2nd. BidaskClub raised shares of AMERIPRISE FINANCIAL SERVICES, INC. from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Finally, Barclays PLC increased their price target on shares of AMERIPRISE FINANCIAL SERVICES, INC. from $130.00 to $142.00 and gave the company an “equal weight” rating in a research note on Friday, August 11th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. AMERIPRISE FINANCIAL SERVICES, INC. has a consensus rating of “Buy” and a consensus price target of $154.20.

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About AMERIPRISE FINANCIAL SERVICES, INC.

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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