Canada Pension Plan Investment Board Has $74.90 Million Position in Ameriprise Financial Services, Inc. (AMP)

Canada Pension Plan Investment Board increased its position in Ameriprise Financial Services, Inc. (NYSE:AMP) by 147.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 504,364 shares of the financial services provider’s stock after buying an additional 300,748 shares during the quarter. Canada Pension Plan Investment Board owned 0.34% of Ameriprise Financial Services worth $74,903,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Ameriprise Financial Services by 2.7% in the second quarter. Vanguard Group Inc. now owns 12,744,678 shares of the financial services provider’s stock valued at $1,622,270,000 after acquiring an additional 340,206 shares in the last quarter. LSV Asset Management boosted its holdings in Ameriprise Financial Services by 4.4% in the second quarter. LSV Asset Management now owns 2,739,924 shares of the financial services provider’s stock valued at $348,764,000 after acquiring an additional 116,706 shares in the last quarter. American Century Companies Inc. boosted its holdings in Ameriprise Financial Services by 21.6% in the second quarter. American Century Companies Inc. now owns 1,905,436 shares of the financial services provider’s stock valued at $242,543,000 after acquiring an additional 338,452 shares in the last quarter. Numeric Investors LLC boosted its holdings in Ameriprise Financial Services by 1.6% in the second quarter. Numeric Investors LLC now owns 1,151,413 shares of the financial services provider’s stock valued at $146,563,000 after acquiring an additional 17,700 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Ameriprise Financial Services by 6.5% in the second quarter. Dimensional Fund Advisors LP now owns 974,272 shares of the financial services provider’s stock valued at $124,020,000 after acquiring an additional 59,289 shares in the last quarter. 80.10% of the stock is currently owned by institutional investors.

In other Ameriprise Financial Services news, insider John Robert Woerner sold 9,022 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was 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 of the company’s stock, valued at $6,946,001.97. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Karen Wilson Thissen sold 425 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $145.15, for a total value of $61,688.75. Following the completion of the sale, the vice president now directly owns 10,956 shares of the company’s stock, valued at approximately $1,590,263.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 56,136 shares of company stock worth $8,360,698. 1.50% of the stock is owned by corporate insiders.

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Ameriprise Financial Services (NYSE:AMP) last issued its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $3.12 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same quarter last year, the company earned $2.29 earnings per share. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Monday, November 6th will be given 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 of this dividend is Friday, November 3rd. Ameriprise Financial Services’s payout ratio is currently 30.97%.

Several analysts recently weighed in on the stock. Zacks Investment Research cut shares of Ameriprise Financial Services from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Royal Bank Of Canada set a $149.00 price target on shares of Ameriprise Financial Services and gave the company a “hold” rating in a report on Wednesday, October 18th. BidaskClub upgraded shares of Ameriprise Financial Services from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Citigroup Inc. set a $166.00 price target on shares of Ameriprise Financial Services and gave the company a “buy” rating in a report on Wednesday, August 2nd. Finally, Barclays PLC boosted their target price on shares of Ameriprise Financial Services from $130.00 to $142.00 and gave the company an “equal weight” rating in a report on Friday, August 11th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Ameriprise Financial Services presently has a consensus 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.

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

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