Epoch Investment Partners Inc. Sells 53,195 Shares of Ameriprise Financial Services, Inc. (AMP)

Epoch Investment Partners Inc. trimmed its position in Ameriprise Financial Services, Inc. (NYSE:AMP) by 5.3% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 950,384 shares of the financial services provider’s stock after selling 53,195 shares during the period. Epoch Investment Partners Inc. owned about 0.64% of Ameriprise Financial Services worth $141,142,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Victory Capital Management Inc. lifted its stake in shares of Ameriprise Financial Services by 499.6% in the 3rd quarter. Victory Capital Management Inc. now owns 552,144 shares of the financial services provider’s stock valued at $81,999,000 after purchasing an additional 460,058 shares during the period. Vanguard Group Inc. lifted its stake in shares of Ameriprise Financial Services by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 12,744,678 shares of the financial services provider’s stock valued at $1,622,270,000 after purchasing an additional 340,206 shares during the period. American Century Companies Inc. lifted its stake in shares of Ameriprise Financial Services by 21.6% in the 2nd quarter. American Century Companies Inc. now owns 1,905,436 shares of the financial services provider’s stock valued at $242,543,000 after purchasing an additional 338,452 shares during the period. Canada Pension Plan Investment Board lifted its stake in shares of Ameriprise Financial Services by 147.7% in the 3rd quarter. Canada Pension Plan Investment Board now owns 504,364 shares of the financial services provider’s stock valued at $74,903,000 after purchasing an additional 300,748 shares during the period. Finally, Samlyn Capital LLC lifted its stake in shares of Ameriprise Financial Services by 238.1% in the 2nd quarter. Samlyn Capital LLC now owns 413,106 shares of the financial services provider’s stock valued at $52,584,000 after purchasing an additional 290,921 shares during the period. Hedge funds and other institutional investors own 81.74% of the company’s stock.

AMP has been the topic of a number of analyst reports. Royal Bank Of Canada set a $155.00 price target on Ameriprise Financial Services and gave the company a “sector perform” rating in a research note on Wednesday, October 25th. SunTrust Banks increased their price target 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. Morgan Stanley increased their price target 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. Zacks Investment Research downgraded Ameriprise Financial Services from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. Finally, Barclays increased their price target on Ameriprise Financial Services from $130.00 to $142.00 and gave the company an “equal weight” rating in a research note on Friday, August 11th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $154.20.

Shares of Ameriprise Financial Services, Inc. (AMP) opened at $162.47 on Monday. The company has a market capitalization of $24,034.19, a price-to-earnings ratio of 13.81 and a beta of 1.93. Ameriprise Financial Services, Inc. has a 12 month low of $109.19 and a 12 month high of $166.13. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.67 and a current ratio of 0.67.

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

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

In related news, insider David Kent Stewart sold 603 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $160.72, for a total transaction of $96,914.16. Following the sale, the insider now owns 20,081 shares of the company’s stock, valued at approximately $3,227,418.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman James M. Cracchiolo sold 42,228 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $159.33, for a total value of $6,728,187.24. Following the sale, the chairman now directly owns 242,013 shares in the company, valued at approximately $38,559,931.29. The disclosure for this sale can be found here. Insiders have sold a total of 60,320 shares of company stock worth $9,640,592 in the last ninety days. 1.50% of the stock is currently owned by company insiders.

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Ameriprise Financial Services 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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