John Robert Woerner Sells 9,022 Shares of Ameriprise Financial Services, Inc. (AMP) Stock

Ameriprise Financial Services, Inc. (NYSE:AMP) insider John Robert Woerner sold 9,022 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $160.91, for a total value of $1,451,730.02. Following the completion of the sale, the insider now owns 43,167 shares in the company, valued at $6,946,001.97. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of Ameriprise Financial Services, Inc. (AMP) opened at 156.54 on Wednesday. Ameriprise Financial Services, Inc. has a 12 month low of $86.25 and a 12 month high of $163.04. The company has a market capitalization of $23.47 billion, a PE ratio of 17.93 and a beta of 1.88. The stock’s 50 day moving average price is $149.21 and its 200 day moving average price is $136.80.

Ameriprise Financial Services (NYSE:AMP) last posted its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $3.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.79 by $0.33. Ameriprise Financial Services had a return on equity of 29.20% and a net margin of 14.24%. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.97 billion. During the same period in the previous year, the firm earned $2.29 EPS. The business’s quarterly revenue was up 6.3% on a year-over-year basis. On average, analysts forecast that Ameriprise Financial Services, Inc. will post $11.98 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Monday, November 6th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 2.12%. The ex-dividend date is Friday, November 3rd. Ameriprise Financial Services’s dividend payout ratio (DPR) is presently 30.97%.

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A number of large investors have recently added to or reduced their stakes in the business. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake 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 worth $106,000 after acquiring an additional 6 shares during the last quarter. Intrust Bank NA increased its stake in Ameriprise Financial Services by 0.7% in the 2nd quarter. Intrust Bank NA now owns 1,793 shares of the financial services provider’s stock worth $228,000 after acquiring an additional 12 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in Ameriprise Financial Services by 0.5% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 3,472 shares of the financial services provider’s stock worth $442,000 after acquiring an additional 17 shares during the last quarter. Neuberger Berman Group LLC increased its stake in Ameriprise Financial Services by 0.3% in the 2nd quarter. Neuberger Berman Group LLC now owns 9,097 shares of the financial services provider’s stock worth $1,158,000 after acquiring an additional 29 shares during the last quarter. Finally, National Asset Management Inc. increased its stake in Ameriprise Financial Services by 1.0% in the 2nd quarter. National Asset Management Inc. now owns 3,165 shares of the financial services provider’s stock worth $406,000 after acquiring an additional 32 shares during the last quarter. 80.10% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on AMP. SunTrust Banks, Inc. boosted their price objective on Ameriprise Financial Services from $140.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. Royal Bank Of Canada set a $155.00 price objective on Ameriprise Financial Services and gave the company a “sector perform” rating in a research note on Wednesday, October 25th. Zacks Investment Research upgraded Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $167.00 price objective on the stock in a research note on Thursday, October 5th. Morgan Stanley boosted their price objective on Ameriprise Financial Services from $152.00 to $162.00 and gave the company an “overweight” rating in a research note on Thursday, October 5th. Finally, Barclays PLC restated an “equal weight” rating on shares of Ameriprise Financial Services in a research note on Monday, October 2nd. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average 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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