Glenview Trust Co Has $10.90 Million Position in Ameriprise Financial Services, Inc. (AMP)
Glenview Trust Co cut its holdings in Ameriprise Financial Services, Inc. (NYSE:AMP) by 0.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,598 shares of the financial services provider’s stock after selling 251 shares during the quarter. Glenview Trust Co owned 0.06% of Ameriprise Financial Services worth $10,896,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Parallel Advisors LLC lifted its position in Ameriprise Financial Services by 17.5% in the 2nd quarter. Parallel Advisors LLC now owns 777 shares of the financial services provider’s stock valued at $113,000 after acquiring an additional 116 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in Ameriprise Financial Services by 0.7% during the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 834 shares of the financial services provider’s stock valued at $106,000 after buying an additional 6 shares during the last quarter. Mckinley Capital Management LLC Delaware purchased a new stake in Ameriprise Financial Services during the 1st quarter valued at $124,000. Meeder Asset Management Inc. purchased a new stake in Ameriprise Financial Services during the 1st quarter valued at $149,000. Finally, Johnson Financial Group Inc. raised its stake in Ameriprise Financial Services by 3.3% during the 2nd quarter. Johnson Financial Group Inc. now owns 1,181 shares of the financial services provider’s stock valued at $150,000 after buying an additional 38 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Ameriprise Financial Services, Inc. (AMP) traded up 0.56% on Friday, reaching $142.92. 526,136 shares of the company traded hands. Ameriprise Financial Services, Inc. has a 1-year low of $86.25 and a 1-year high of $149.99. The stock has a market capitalization of $21.43 billion, a price-to-earnings ratio of 16.37 and a beta of 1.86. The company has a 50-day moving average of $140.53 and a 200-day moving average of $132.16.
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 for the quarter, beating analysts’ consensus estimates 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 company had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the company earned $2.23 earnings per share. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. Analysts anticipate that Ameriprise Financial Services, Inc. will post $11.28 earnings per share for the current fiscal year.
In other news, VP Karen Wilson Thissen sold 425 shares of the business’s stock in a transaction dated 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 owns 10,956 shares of the company’s stock, valued at $1,590,263.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kelli A. Hunter sold 1,500 shares of the business’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $144.59, for a total transaction of $216,885.00. Following the sale, the vice president now directly owns 27,356 shares of the company’s stock, valued at approximately $3,955,404.04. The disclosure for this sale can be found here. Insiders sold 185,966 shares of company stock valued at $26,868,153 in the last ninety days. 1.50% of the stock is owned by corporate insiders.
A number of equities research analysts have weighed in on AMP shares. BidaskClub upgraded shares of Ameriprise Financial Services from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Royal Bank Of Canada started coverage on shares of Ameriprise Financial Services in a research note on Thursday, June 29th. They set a “sector perform” rating and a $135.00 target price for the company. Morgan Stanley boosted their target price on shares of Ameriprise Financial Services from $148.00 to $152.00 and gave the company an “overweight” rating in a research note on Wednesday, July 26th. Zacks Investment Research upgraded Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $156.00 price objective for the company in a research note on Thursday, July 27th. Finally, Citigroup Inc. set a $166.00 price objective on Ameriprise Financial Services and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $147.09.
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.
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