Oregon Public Employees Retirement Fund held its stake in shares of Ameriprise Financial Services, Inc. (NYSE:AMP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,582 shares of the financial services provider’s stock at the end of the second quarter. Oregon Public Employees Retirement Fund’s holdings in Ameriprise Financial Services were worth $2,111,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of Ameriprise Financial Services by 1,709.0% in the first quarter. BlackRock Inc. now owns 10,640,305 shares of the financial services provider’s stock worth $1,379,836,000 after buying an additional 10,052,130 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Ameriprise Financial Services by 71.8% in the first quarter. JPMorgan Chase & Co. now owns 5,939,366 shares of the financial services provider’s stock worth $770,216,000 after buying an additional 2,481,827 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Ameriprise Financial Services by 54.6% in the first quarter. Bank of New York Mellon Corp now owns 3,906,928 shares of the financial services provider’s stock worth $506,651,000 after buying an additional 1,380,098 shares during the last quarter. FMR LLC boosted its stake in shares of Ameriprise Financial Services by 115.7% in the first quarter. FMR LLC now owns 918,638 shares of the financial services provider’s stock worth $119,130,000 after buying an additional 492,785 shares during the last quarter. Finally, Teachers Advisors LLC boosted its stake in shares of Ameriprise Financial Services by 55.1% in the fourth quarter. Teachers Advisors LLC now owns 1,059,665 shares of the financial services provider’s stock worth $117,559,000 after buying an additional 376,468 shares during the last quarter. 81.72% of the stock is owned by hedge funds and other institutional investors.

Shares of Ameriprise Financial Services, Inc. (NYSE AMP) traded down 0.37% on Monday, hitting $147.29. 1,234,534 shares of the stock were exchanged. Ameriprise Financial Services, Inc. has a one year low of $86.25 and a one year high of $148.51. The firm has a market cap of $22.14 billion, a price-to-earnings ratio of 16.87 and a beta of 1.86. The firm’s 50 day moving average price is $133.12 and its 200 day moving average price is $127.79.

Ameriprise Financial Services (NYSE:AMP) last issued its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $2.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.62 by $0.18. The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.90 billion. Ameriprise Financial Services had a net margin of 11.81% and a return on equity of 26.54%. Ameriprise Financial Services’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the firm posted $2.23 EPS. Equities analysts anticipate that Ameriprise Financial Services, Inc. will post $11.29 earnings per share for the current year.

Ameriprise Financial Services announced that its board has approved a share repurchase program on Monday, April 24th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase up to 12.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Monday, August 7th will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $3.32 annualized dividend and a yield of 2.25%. Ameriprise Financial Services’s dividend payout ratio is presently 37.81%.

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A number of equities research analysts have recently commented on the stock. Citigroup Inc. set a $166.00 target price on shares of Ameriprise Financial Services and gave the company a “buy” rating in a report on Wednesday, August 2nd. BidaskClub raised shares of Ameriprise Financial Services from a “buy” rating to a “strong-buy” rating in a report on Friday. Zacks Investment Research raised shares of Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $156.00 target price for the company in a report on Thursday, July 27th. Royal Bank Of Canada set a $149.00 target price on shares of Ameriprise Financial Services and gave the company a “sector perform” rating in a report on Wednesday, July 26th. Finally, Morgan Stanley upped their target price on shares of Ameriprise Financial Services from $148.00 to $152.00 and gave the company an “overweight” rating in a report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $145.64.

In other Ameriprise Financial Services news, CEO William F. Truscott sold 19,768 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $144.43, for a total transaction of $2,855,092.24. Following the sale, the chief executive officer now directly owns 70,693 shares in the company, valued at approximately $10,210,189.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Kelli A. Hunter sold 1,500 shares of the business’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $144.59, for a total transaction of $216,885.00. Following the sale, the vice president now owns 27,356 shares in the company, valued at $3,955,404.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 131,473 shares of company stock worth $18,969,485. 1.50% of the stock is currently owned by insiders.

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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