Northwestern Mutual Investment Management Company LLC reduced its stake in shares of Ameriprise Financial Services Inc. (NYSE:AMP) by 33.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 123,147 shares of the company’s stock after selling 62,326 shares during the period. Northwestern Mutual Investment Management Company LLC owned 0.08% of Ameriprise Financial Services worth $11,065,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Mason Street Advisors LLC bought a new stake in Ameriprise Financial Services during the second quarter valued at $2,007,000. Royal Bank of Canada boosted its stake in shares of Ameriprise Financial Services by 52.0% in the second quarter. Royal Bank of Canada now owns 703,468 shares of the company’s stock valued at $63,209,000 after buying an additional 240,530 shares in the last quarter. Cohen & Steers Inc. boosted its stake in shares of Ameriprise Financial Services by 0.4% in the second quarter. Cohen & Steers Inc. now owns 131,600 shares of the company’s stock valued at $11,824,000 after buying an additional 500 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Ameriprise Financial Services by 22.3% in the second quarter. IFP Advisors Inc now owns 2,789 shares of the company’s stock valued at $251,000 after buying an additional 508 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Ameriprise Financial Services by 3.8% in the second quarter. Public Employees Retirement System of Ohio now owns 65,335 shares of the company’s stock valued at $5,870,000 after buying an additional 2,364 shares in the last quarter. Hedge funds and other institutional investors own 79.13% of the company’s stock.

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

Ameriprise Financial Services Inc. (NYSE:AMP) opened at 110.85 on Monday. The firm has a 50 day moving average of $97.05 and a 200 day moving average of $96.90. Ameriprise Financial Services Inc. has a 12-month low of $76.00 and a 12-month high of $115.81. The firm has a market capitalization of $17.52 billion, a P/E ratio of 15.03 and a beta of 1.67.

Ameriprise Financial Services (NYSE:AMP) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $2.29 EPS for the quarter, missing the consensus estimate of $2.42 by $0.13. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $2.86 billion. Ameriprise Financial Services had a return on equity of 21.48% and a net margin of 10.83%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business earned $2.35 EPS. On average, analysts forecast that Ameriprise Financial Services Inc. will post $8.59 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 18th. Stockholders of record on Monday, November 7th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Thursday, November 3rd. Ameriprise Financial Services’s dividend payout ratio (DPR) is 40.76%.

Several equities research analysts have recently commented on the stock. Deutsche Bank AG cut shares of Ameriprise Financial Services from a “buy” rating to a “hold” rating and set a $112.00 price target for the company. in a research report on Friday, October 14th. Zacks Investment Research upgraded shares of Ameriprise Financial Services from a “sell” rating to a “hold” rating in a research report on Thursday, October 13th. Oppenheimer Holdings Inc. lowered shares of Ameriprise Financial Services to an “underweight” rating in a research note on Monday, October 10th. Credit Suisse Group AG began coverage on shares of Ameriprise Financial Services in a research note on Friday, October 7th. They issued a “neutral” rating and a $116.00 price target on the stock. Finally, Morgan Stanley reaffirmed a “buy” rating and issued a $120.00 price target on shares of Ameriprise Financial Services in a research note on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. Ameriprise Financial Services presently has a consensus rating of “Hold” and an average target price of $111.33.

In related news, insider John Robert Woerner sold 4,513 shares of the stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $100.71, for a total value of $454,504.23. Following the transaction, the insider now directly owns 39,443 shares in the company, valued at approximately $3,972,304.53. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Randy Kupper sold 4,129 shares of the stock in a transaction on Friday, September 23rd. The stock was sold at an average price of $100.81, for a total value of $416,244.49. Following the completion of the transaction, the executive vice president now owns 22,835 shares in the company, valued at $2,301,996.35. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

Ameriprise Financial Services Company Profile

Ameriprise Financial, Inc is a diversified 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 Advice & Wealth Management segment provides financial planning and advice, as well as brokerage services, primarily to retail clients through advisors.

5 Day Chart for NYSE:AMP

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