ProShare Advisors LLC boosted its position in AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) by 14.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,641 shares of the financial services provider’s stock after buying an additional 5,069 shares during the quarter. ProShare Advisors LLC’s holdings in AMERIPRISE FINANCIAL SERVICES, INC. were worth $5,173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in AMERIPRISE FINANCIAL SERVICES, INC. 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 in the last quarter. Intrust Bank NA boosted its stake in AMERIPRISE FINANCIAL SERVICES, INC. by 0.7% in 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 boosted its stake in AMERIPRISE FINANCIAL SERVICES, INC. by 0.9% in 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. boosted its stake in AMERIPRISE FINANCIAL SERVICES, INC. by 0.5% in 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 boosted its stake in AMERIPRISE FINANCIAL SERVICES, INC. by 0.7% in 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. 79.39% of the stock is owned by institutional investors and hedge funds.

AMERIPRISE FINANCIAL SERVICES, INC. (NYSE AMP) opened at 142.12 on Friday. The company has a market cap of $21.31 billion, a P/E ratio of 16.28 and a beta of 1.86. AMERIPRISE FINANCIAL SERVICES, INC. has a one year low of $86.25 and a one year high of $149.99. The company’s 50 day moving average price is $140.53 and its 200-day moving average price is $132.16.

AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) last announced its earnings results on Tuesday, July 25th. The financial services provider reported $2.80 EPS 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%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.23 EPS. On average, analysts forecast that AMERIPRISE FINANCIAL SERVICES, INC. will post $11.28 EPS for the current fiscal year.

A number of analysts have recently weighed in on AMP shares. Zacks Investment Research raised AMERIPRISE FINANCIAL SERVICES, INC. from a “hold” rating to a “buy” rating and set a $155.00 price objective for the company in a research note on Friday, September 1st. BidaskClub raised AMERIPRISE FINANCIAL SERVICES, INC. from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Citigroup Inc. set a $166.00 price objective on AMERIPRISE FINANCIAL SERVICES, INC. and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Barclays PLC increased their price objective on AMERIPRISE FINANCIAL SERVICES, INC. from $130.00 to $142.00 and gave the company an “equal weight” rating in a research note on Friday, August 11th. Finally, Morgan Stanley increased their price objective on AMERIPRISE FINANCIAL SERVICES, INC. from $148.00 to $152.00 and gave the company an “overweight” rating in a research note on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $147.09.

In related news, VP Kelli A. Hunter sold 1,500 shares of the business’s stock in a transaction on Thursday, July 27th. The stock was 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 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 is available through this hyperlink. Also, Chairman James M. Cracchiolo sold 39,450 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $144.50, for a total value of $5,700,525.00. Following 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 have sold 185,966 shares of company stock valued at $26,868,153. 1.50% of the stock is owned by company insiders.

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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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