Aperio Group LLC Purchases 4,668 Shares of Ameriprise Financial Services, Inc. (AMP)

Aperio Group LLC boosted its position in Ameriprise Financial Services, Inc. (NYSE:AMP) by 3.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 126,472 shares of the financial services provider’s stock after purchasing an additional 4,668 shares during the quarter. Aperio Group LLC owned about 0.08% of Ameriprise Financial Services worth $18,782,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its position in Ameriprise Financial Services 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 purchasing an additional 6 shares during the last quarter. Parallel Advisors LLC lifted its position in Ameriprise Financial Services by 17.5% in the 2nd quarter. Parallel Advisors LLC now owns 777 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 116 shares during the last quarter. IHT Wealth Management LLC lifted its position in Ameriprise Financial Services by 284.0% in the 2nd quarter. IHT Wealth Management LLC now owns 311 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 230 shares during the last quarter. Sun Life Financial INC lifted its position in Ameriprise Financial Services by 10,100.0% in the 2nd quarter. Sun Life Financial INC now owns 1,122 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 1,111 shares during the last quarter. Finally, Johnson Financial Group Inc. lifted its position in Ameriprise Financial Services by 3.3% in the 2nd quarter. Johnson Financial Group Inc. now owns 1,181 shares of the financial services provider’s stock valued at $150,000 after purchasing an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 80.10% of the company’s stock.

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Shares of Ameriprise Financial Services, Inc. (NYSE:AMP) opened at 160.62 on Monday. The company has a 50 day moving average of $147.95 and a 200-day moving average of $136.31. The company has a market capitalization of $24.08 billion, a P/E 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.

Ameriprise Financial Services (NYSE:AMP) last released its earnings results on Tuesday, October 24th. The financial services provider reported $3.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.79 by $0.33. Ameriprise Financial Services had a net margin of 14.24% and a return on equity of 29.20%. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same period in the prior year, the company posted $2.29 EPS. The company’s revenue was up 6.3% compared to the same quarter last year. On average, equities analysts anticipate that Ameriprise Financial Services, Inc. will post $11.81 EPS for the current fiscal 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 given a dividend of $0.83 per share. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $3.32 dividend on an annualized basis and a yield of 2.07%. Ameriprise Financial Services’s payout ratio is presently 30.97%.

In other Ameriprise Financial Services news, Chairman James M. Cracchiolo sold 39,450 shares of the company’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 approximately $37,698,171.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman James M. Cracchiolo sold 13,418 shares of the company’s stock in a transaction dated 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 transaction, the chairman now owns 283,891 shares in the company, valued at $41,519,058.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 152,038 shares of company stock worth $22,010,503. Corporate insiders own 1.50% of the company’s stock.

Several brokerages recently weighed in on AMP. Barclays PLC reiterated an “equal weight” rating on shares of Ameriprise Financial Services in a research report on Monday, October 2nd. Morgan Stanley lifted their price objective on shares of Ameriprise Financial Services from $148.00 to $152.00 and gave the company an “overweight” rating in a research report on Wednesday, July 26th. Zacks Investment Research upgraded shares of Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a research report on Friday, September 1st. BidaskClub downgraded shares of Ameriprise Financial Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 19th. Finally, Royal Bank Of Canada set a $149.00 price target on shares of Ameriprise Financial Services and gave the stock a “hold” rating in a research report on Wednesday, October 18th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $154.20.

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.

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

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