Thrivent Financial For Lutherans raised its stake in AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) by 1.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,660 shares of the financial services provider’s stock after buying an additional 80 shares during the period. Thrivent Financial For Lutherans’ holdings in AMERIPRISE FINANCIAL SERVICES, INC. were worth $734,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in AMERIPRISE FINANCIAL SERVICES, INC. by 0.5% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 828 shares of the financial services provider’s stock valued at $108,000 after buying an additional 4 shares during the last quarter. Dubuque Bank & Trust Co. boosted its position in AMERIPRISE FINANCIAL SERVICES, INC. by 2.4% in the first quarter. Dubuque Bank & Trust Co. now owns 954 shares of the financial services provider’s stock valued at $124,000 after buying an additional 22 shares during the last quarter. Mckinley Capital Management LLC Delaware acquired a new position in AMERIPRISE FINANCIAL SERVICES, INC. during the first quarter valued at approximately $124,000. State of Alaska Department of Revenue acquired a new position in AMERIPRISE FINANCIAL SERVICES, INC. during the first quarter valued at approximately $125,000. Finally, Focused Wealth Management Inc acquired a new position in AMERIPRISE FINANCIAL SERVICES, INC. during the first quarter valued at approximately $169,000. Institutional investors and hedge funds own 81.72% of the company’s stock.

AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) traded up 1.03% during midday trading on Tuesday, hitting $148.80. The stock had a trading volume of 943,271 shares. AMERIPRISE FINANCIAL SERVICES, INC. has a 1-year low of $86.25 and a 1-year high of $149.99. The stock’s 50-day moving average is $134.69 and its 200-day moving average is $128.19. The company has a market capitalization of $22.36 billion, a PE ratio of 17.04 and a beta of 1.86.

AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) last posted its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $2.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.62 by $0.18. The firm had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.90 billion. AMERIPRISE FINANCIAL SERVICES, INC. had a net margin of 11.81% and a return on equity of 26.54%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company posted $2.23 EPS. Equities research analysts forecast that AMERIPRISE FINANCIAL SERVICES, INC. will post $11.29 EPS for the current year.

The business 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 dividend of $0.83 per share. The ex-dividend date is Thursday, August 3rd. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.23%. AMERIPRISE FINANCIAL SERVICES, INC.’s payout ratio is currently 37.81%.

AMERIPRISE FINANCIAL SERVICES, INC. declared that its board has approved a share buyback plan on Monday, April 24th that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to purchase up to 12.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

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Several equities analysts recently commented on the company. Deutsche Bank AG restated a “hold” rating and set a $140.00 target price (up from $137.00) on shares of AMERIPRISE FINANCIAL SERVICES, INC. in a research report on Thursday, April 20th. BidaskClub raised AMERIPRISE FINANCIAL SERVICES, INC. from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Zacks Investment Research raised AMERIPRISE FINANCIAL SERVICES, INC. from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a research note on Monday, April 10th. Barclays PLC reaffirmed an “equal weight” rating and set a $130.00 price target (up previously from $127.00) on shares of AMERIPRISE FINANCIAL SERVICES, INC. in a research note on Tuesday, April 25th. Finally, Morgan Stanley lifted their price target on AMERIPRISE FINANCIAL SERVICES, INC. from $148.00 to $152.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $145.64.

In related news, VP Kelli A. Hunter sold 1,500 shares of the stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $144.59, for a total transaction of $216,885.00. Following the completion of the transaction, the vice president now owns 27,356 shares of the company’s stock, valued at approximately $3,955,404.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman James M. Cracchiolo sold 97,545 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $144.67, for a total transaction of $14,111,835.15. Following the sale, the chairman now owns 474,139 shares in the company, valued at $68,593,689.13. The disclosure for this sale can be found here. Insiders have sold a total of 144,891 shares of company stock valued at $20,931,867 in the last ninety days. 1.50% of the stock is currently owned by corporate insiders.

AMERIPRISE FINANCIAL SERVICES, INC. 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, INC. (NYSE:AMP)

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