TIAA CREF Investment Management LLC lessened its stake in shares of Ameriprise Financial Services, Inc. (NYSE:AMP) by 28.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,619,951 shares of the financial services provider’s stock after selling 633,868 shares during the quarter. TIAA CREF Investment Management LLC owned about 1.08% of Ameriprise Financial Services worth $206,204,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in AMP. Vanguard Group Inc. lifted its stake in shares of Ameriprise Financial Services by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 12,404,472 shares of the financial services provider’s stock worth $1,608,613,000 after purchasing an additional 242,577 shares during the period. BlackRock Inc. lifted its stake in shares of Ameriprise Financial Services by 1,709.0% during the 1st quarter. BlackRock Inc. now owns 10,640,305 shares of the financial services provider’s stock worth $1,379,836,000 after purchasing an additional 10,052,130 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Ameriprise Financial Services by 71.8% during the 1st quarter. JPMorgan Chase & Co. now owns 5,939,366 shares of the financial services provider’s stock worth $770,216,000 after purchasing an additional 2,481,827 shares during the period. LSV Asset Management lifted its stake in shares of Ameriprise Financial Services by 4.4% during the 2nd quarter. LSV Asset Management now owns 2,739,924 shares of the financial services provider’s stock worth $348,764,000 after purchasing an additional 116,706 shares during the period. Finally, Aristotle Capital Management LLC lifted its stake in shares of Ameriprise Financial Services by 0.3% during the 1st quarter. Aristotle Capital Management LLC now owns 2,360,259 shares of the financial services provider’s stock worth $306,078,000 after purchasing an additional 6,399 shares during the period. Hedge funds and other institutional investors own 79.55% of the company’s stock.

Shares of Ameriprise Financial Services, Inc. (NYSE AMP) traded down 0.03% on Wednesday, hitting $137.60. The company had a trading volume of 134,512 shares. Ameriprise Financial Services, Inc. has a 12-month low of $86.25 and a 12-month high of $149.99. The company has a 50 day moving average of $141.01 and a 200-day moving average of $131.83. The company has a market cap of $20.63 billion, a price-to-earnings ratio of 15.76 and a beta of 1.86.

Ameriprise Financial Services (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 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 for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the previous year, the company posted $2.23 EPS. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, analysts forecast that Ameriprise Financial Services, Inc. will post $11.30 earnings per share for the current year.

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

In other Ameriprise Financial Services news, VP Kelli A. Hunter sold 1,500 shares of Ameriprise Financial Services 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 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 at the SEC website. Also, CEO William F. Truscott sold 19,768 shares of Ameriprise Financial Services stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $144.43, for a total transaction of $2,855,092.24. Following the transaction, the chief executive officer now owns 70,693 shares in the company, valued at $10,210,189.99. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 185,966 shares of company stock worth $26,868,153. Corporate insiders own 1.50% of the company’s stock.

A number of research analysts have weighed in on AMP shares. Citigroup Inc. set a $166.00 price target on Ameriprise Financial Services and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. BidaskClub raised Ameriprise Financial Services from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 4th. Barclays PLC increased their price target on Ameriprise Financial Services from $130.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Friday, August 11th. Royal Bank Of Canada set a $149.00 price target on Ameriprise Financial Services and gave the stock a “sector perform” rating in a research note on Wednesday, July 26th. Finally, Zacks Investment Research raised Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $156.00 price target on the stock in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $146.87.

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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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