20,850 Shares in Ameriprise Financial Services, Inc. (AMP) Acquired by Usca Ria LLC
Usca Ria LLC bought a new position in Ameriprise Financial Services, Inc. (NYSE:AMP) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 20,850 shares of the financial services provider’s stock, valued at approximately $2,654,000.
A number of other large investors have also recently added to or reduced their stakes in AMP. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in Ameriprise Financial Services by 0.7% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 834 shares of the financial services provider’s stock worth $106,000 after buying an additional 6 shares during the period. Parallel Advisors LLC increased its stake in Ameriprise Financial Services by 17.5% in the second quarter. Parallel Advisors LLC now owns 777 shares of the financial services provider’s stock worth $113,000 after buying an additional 116 shares during the period. Dubuque Bank & Trust Co. increased its stake in Ameriprise Financial Services by 2.4% in the first quarter. Dubuque Bank & Trust Co. now owns 954 shares of the financial services provider’s stock worth $124,000 after buying an additional 22 shares during the period. Mckinley Capital Management LLC Delaware purchased a new stake in Ameriprise Financial Services during the first quarter worth $124,000. Finally, State of Alaska Department of Revenue purchased a new stake in Ameriprise Financial Services during the first quarter worth $125,000. Hedge funds and other institutional investors own 82.01% of the company’s stock.
Shares of Ameriprise Financial Services, Inc. (NYSE:AMP) traded up 0.46% during midday trading on Friday, hitting $139.04. The stock had a trading volume of 87,588 shares. The stock has a market cap of $20.85 billion, a PE ratio of 15.92 and a beta of 1.86. The stock has a 50-day moving average of $139.98 and a 200 day moving average of $131.01. Ameriprise Financial Services, Inc. has a 52 week low of $86.25 and a 52 week high of $149.99.
Ameriprise Financial Services (NYSE:AMP) last announced its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $2.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.62 by $0.18. Ameriprise Financial Services had a net margin of 11.81% and a return on equity of 26.54%. The firm had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the prior year, the company posted $2.23 EPS. The company’s revenue was up 3.3% on a year-over-year basis. Analysts anticipate that Ameriprise Financial Services, Inc. will post $11.30 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Monday, August 7th were given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend was Thursday, August 3rd. Ameriprise Financial Services’s dividend payout ratio (DPR) is presently 37.81%.
A number of research firms have weighed in on AMP. BidaskClub upgraded Ameriprise Financial Services from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Morgan Stanley upped their target price on Ameriprise Financial Services from $148.00 to $152.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 26th. Royal Bank Of Canada began coverage on Ameriprise Financial Services in a research report on Thursday, June 29th. They issued a “sector perform” rating and a $135.00 target price for the company. Zacks Investment Research upgraded Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $156.00 target price for the company in a research report on Thursday, July 27th. Finally, Barclays PLC upped their target price on Ameriprise Financial Services from $130.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Friday, August 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. Ameriprise Financial Services currently has an average rating of “Hold” and a consensus price target of $146.98.
In other news, VP Karen Wilson Thissen sold 425 shares of the stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $145.15, for a total transaction of $61,688.75. Following the completion of the sale, the vice president now directly owns 10,956 shares in the company, valued at $1,590,263.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman James M. Cracchiolo sold 97,545 shares of the stock in a transaction 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 of the company’s stock, valued at $68,593,689.13. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 185,966 shares of company stock valued at $26,868,153. 1.50% of the stock is currently owned by corporate 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.
Receive News & Stock Ratings for Ameriprise Financial Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameriprise Financial Services Inc. and related stocks with our FREE daily email newsletter.