Mitsubishi UFJ Trust & Banking Corp Sells 2,738 Shares of Ameriprise Financial Services, Inc. (AMP)

Mitsubishi UFJ Trust & Banking Corp lowered its holdings in shares of Ameriprise Financial Services, Inc. (NYSE:AMP) by 0.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 313,868 shares of the financial services provider’s stock after selling 2,738 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.21% of Ameriprise Financial Services worth $46,613,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Intrust Bank NA grew its holdings in shares of Ameriprise Financial Services by 0.7% during the 2nd quarter. Intrust Bank NA now owns 1,793 shares of the financial services provider’s stock valued at $228,000 after purchasing an additional 12 shares during the last quarter. Stratos Wealth Partners LTD. grew its holdings in shares of Ameriprise Financial Services by 0.5% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 3,472 shares of the financial services provider’s stock valued at $442,000 after purchasing an additional 17 shares during the last quarter. Neuberger Berman Group LLC grew its holdings in shares of Ameriprise Financial Services by 0.3% during the 2nd quarter. Neuberger Berman Group LLC now owns 9,097 shares of the financial services provider’s stock valued at $1,158,000 after purchasing an additional 29 shares during the last quarter. National Asset Management Inc. grew its holdings in shares of Ameriprise Financial Services by 1.0% during the 2nd quarter. National Asset Management Inc. now owns 3,165 shares of the financial services provider’s stock valued at $406,000 after purchasing an additional 32 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its holdings in shares of Ameriprise Financial Services by 1.7% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,964 shares of the financial services provider’s stock valued at $250,000 after purchasing an additional 33 shares during the last quarter. 81.70% of the stock is currently owned by institutional investors.

In other news, insider David Kent Stewart sold 603 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $160.72, for a total value of $96,914.16. Following the completion of the sale, the insider now directly owns 20,081 shares of the company’s stock, valued at approximately $3,227,418.32. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Colin Moore sold 4,285 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $161.09, for a total transaction of $690,270.65. Following the completion of the sale, the executive vice president now directly owns 73,690 shares of the company’s stock, valued at $11,870,722.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 60,320 shares of company stock valued at $9,640,592. Corporate insiders own 1.50% of the company’s stock.

Shares of Ameriprise Financial Services, Inc. (NYSE AMP) opened at $162.47 on Friday. The firm has a market cap of $24,034.19, a price-to-earnings ratio of 13.82 and a beta of 1.93. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.82. Ameriprise Financial Services, Inc. has a 12-month low of $109.19 and a 12-month high of $166.13.

Ameriprise Financial Services (NYSE:AMP) last announced its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $3.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.79 by $0.33. The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.97 billion. Ameriprise Financial Services had a net margin of 14.24% and a return on equity of 29.75%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.29 EPS. equities research analysts expect that Ameriprise Financial Services, Inc. will post 12.14 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Monday, November 6th were given a $0.83 dividend. The ex-dividend date was Friday, November 3rd. This represents a $3.32 annualized dividend and a dividend yield of 2.04%. Ameriprise Financial Services’s dividend payout ratio is 30.97%.

Several brokerages have weighed in on AMP. SunTrust Banks increased their price target on shares of Ameriprise Financial Services from $140.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Zacks Investment Research cut shares of Ameriprise Financial Services from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Barclays reissued an “equal weight” rating on shares of Ameriprise Financial Services in a research report on Monday, October 2nd. BidaskClub cut shares of Ameriprise Financial Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 19th. Finally, Morgan Stanley increased their price target on shares of Ameriprise Financial Services from $152.00 to $162.00 and gave the company an “overweight” rating in a research report on Thursday, October 5th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $154.20.

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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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