Neuberger Berman Group LLC lifted its holdings in shares of AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) by 0.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,097 shares of the financial services provider’s stock after purchasing an additional 29 shares during the quarter. Neuberger Berman Group LLC’s holdings in AMERIPRISE FINANCIAL SERVICES, INC. were worth $1,158,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of AMP. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its position in shares of AMERIPRISE FINANCIAL SERVICES, INC. by 0.7% during 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. Parallel Advisors LLC lifted its position in shares of AMERIPRISE FINANCIAL SERVICES, INC. by 17.5% during the second quarter. Parallel Advisors LLC now owns 777 shares of the financial services provider’s stock worth $113,000 after purchasing an additional 116 shares in the last quarter. Mckinley Capital Management LLC Delaware acquired a new stake in shares of AMERIPRISE FINANCIAL SERVICES, INC. during the first quarter worth about $124,000. Meeder Asset Management Inc. acquired a new stake in shares of AMERIPRISE FINANCIAL SERVICES, INC. during the first quarter worth about $149,000. Finally, Global X Management Co. LLC lifted its position in shares of AMERIPRISE FINANCIAL SERVICES, INC. by 27.7% during the first quarter. Global X Management Co. LLC now owns 1,288 shares of the financial services provider’s stock worth $167,000 after purchasing an additional 279 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

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Several analysts have recently issued reports on AMP shares. BidaskClub raised shares of AMERIPRISE FINANCIAL SERVICES, INC. from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Royal Bank Of Canada started coverage on shares of AMERIPRISE FINANCIAL SERVICES, INC. in a research report on Thursday, June 29th. They set a “sector perform” rating and a $135.00 price target on the stock. Morgan Stanley increased their price target on shares of AMERIPRISE FINANCIAL SERVICES, INC. from $148.00 to $152.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 26th. Zacks Investment Research raised shares of AMERIPRISE FINANCIAL SERVICES, INC. from a “hold” rating to a “buy” rating and set a $156.00 price target on the stock in a research report on Thursday, July 27th. Finally, Citigroup Inc. set a $166.00 price target on shares of AMERIPRISE FINANCIAL SERVICES, INC. and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. 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 company’s stock. The stock has an average rating of “Hold” and a consensus price target of $147.09.

Shares of AMERIPRISE FINANCIAL SERVICES, INC. (NYSE AMP) opened at 140.86 on Tuesday. The firm has a market cap of $21.12 billion, a PE ratio of 16.13 and a beta of 1.86. The company has a 50-day moving average of $140.63 and a 200 day moving average of $132.10. AMERIPRISE FINANCIAL SERVICES, INC. has a one year low of $86.25 and a one year high of $149.99.

AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) last released its quarterly earnings results 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 return on equity of 26.54% and a net margin of 11.81%. AMERIPRISE FINANCIAL SERVICES, INC.’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.23 EPS. On average, equities research analysts expect that AMERIPRISE FINANCIAL SERVICES, INC. will post $11.29 EPS for the current fiscal year.

In other AMERIPRISE FINANCIAL SERVICES, INC. news, VP Kelli A. Hunter sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $144.59, for a total value of $216,885.00. Following the completion of the transaction, the vice president now owns 27,356 shares in the company, valued at approximately $3,955,404.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 value of $5,700,525.00. Following the completion of the transaction, the chairman now owns 260,887 shares of the company’s stock, valued at approximately $37,698,171.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 185,966 shares of company stock valued at $26,868,153. 1.50% of the stock is owned by company 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.

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Institutional Ownership by Quarter for AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP)

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