Teachers Advisors LLC lessened its holdings in Ameriprise Financial Services, Inc. (NYSE:AMP) by 6.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 866,009 shares of the financial services provider’s stock after selling 63,071 shares during the period. Teachers Advisors LLC owned approximately 0.58% of Ameriprise Financial Services worth $110,234,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position 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 purchasing an additional 6 shares in the last quarter. Intrust Bank NA increased its holdings in shares of Ameriprise Financial Services by 0.7% during the second quarter. Intrust Bank NA now owns 1,793 shares of the financial services provider’s stock worth $228,000 after buying an additional 12 shares in the last quarter. RMB Capital Management LLC increased its holdings in shares of Ameriprise Financial Services by 0.9% during the first quarter. RMB Capital Management LLC now owns 1,917 shares of the financial services provider’s stock worth $249,000 after buying an additional 17 shares in the last quarter. Stratos Wealth Partners LTD. increased its holdings in shares of Ameriprise Financial Services by 0.5% during the second quarter. Stratos Wealth Partners LTD. now owns 3,472 shares of the financial services provider’s stock worth $442,000 after buying an additional 17 shares in the last quarter. Finally, Savant Capital LLC increased its holdings in shares of Ameriprise Financial Services by 0.7% during the first quarter. Savant Capital LLC now owns 3,067 shares of the financial services provider’s stock worth $398,000 after buying an additional 20 shares in the last quarter. 79.55% of the stock is owned by hedge funds and other institutional investors.

Shares of Ameriprise Financial Services, Inc. (AMP) traded up 0.06% during mid-day trading on Wednesday, hitting $137.72. 119,287 shares of the company were exchanged. Ameriprise Financial Services, Inc. has a 12-month low of $86.25 and a 12-month high of $149.99. The company’s 50-day moving average price is $141.01 and its 200-day moving average price is $131.83. The firm has a market capitalization of $20.65 billion, a P/E ratio of 15.77 and a beta of 1.86.

Ameriprise Financial Services (NYSE:AMP) last released its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $2.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.62 by $0.18. The business had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Ameriprise Financial Services had a net margin of 11.81% and a return on equity of 26.54%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.23 EPS. Equities research analysts predict that Ameriprise Financial Services, Inc. will post $11.30 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Monday, August 7th were given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Thursday, August 3rd. Ameriprise Financial Services’s dividend payout ratio is 37.81%.

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Several research firms have recently weighed in on AMP. BidaskClub raised shares of Ameriprise Financial Services from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Citigroup Inc. set a $166.00 price objective on shares of Ameriprise Financial Services and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research raised shares of Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $156.00 price objective for the company in a report on Thursday, July 27th. Royal Bank Of Canada set a $149.00 price objective on shares of Ameriprise Financial Services and gave the stock a “sector perform” rating in a report on Wednesday, July 26th. Finally, Morgan Stanley raised their price objective on shares of Ameriprise Financial Services from $148.00 to $152.00 and gave the stock an “overweight” rating in a report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $146.87.

In related news, VP Kelli A. Hunter sold 1,500 shares of the company’s 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 directly owns 27,356 shares in the company, valued at approximately $3,955,404.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman James M. Cracchiolo sold 39,450 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $144.50, for a total transaction of $5,700,525.00. Following the transaction, the chairman now owns 260,887 shares of the company’s stock, valued at $37,698,171.50. 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 owned by corporate insiders.

Ameriprise Financial Services 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.

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

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