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%.

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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.

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

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