Williams Jones & Associates LLC maintained its position in Ameriprise Financial Services, Inc. (NYSE:AMP) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,742 shares of the financial services provider’s stock at the close of the 2nd quarter. Williams Jones & Associates LLC’s holdings in Ameriprise Financial Services were worth $731,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. grew its stake in Ameriprise Financial Services by 2.2% in the first quarter. Ameriprise Financial Inc. now owns 45,726 shares of the financial services provider’s stock valued at $5,928,000 after acquiring an additional 1,001 shares during the period. Oxford Asset Management acquired a new position in Ameriprise Financial Services in the first quarter valued at about $1,122,000. Schroder Investment Management Group acquired a new position in Ameriprise Financial Services in the first quarter valued at about $739,000. Blair William & Co. IL grew its stake in Ameriprise Financial Services by 17.3% in the first quarter. Blair William & Co. IL now owns 20,366 shares of the financial services provider’s stock valued at $2,669,000 after acquiring an additional 3,005 shares during the period. Finally, Focused Wealth Management Inc acquired a new position in Ameriprise Financial Services in the first quarter valued at about $169,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

A number of research analysts have issued reports on AMP shares. Royal Bank Of Canada set a $149.00 target price on Ameriprise Financial Services and gave the company a “sector perform” rating in a research note on Wednesday, July 26th. BidaskClub cut Ameriprise Financial Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 19th. Morgan Stanley boosted their target price on 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 raised Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $157.00 target price for the company in a research note on Monday, September 18th. Finally, Citigroup Inc. set a $166.00 target price on Ameriprise Financial Services and gave the company a “buy” rating in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Ameriprise Financial Services currently has an average rating of “Hold” and a consensus price target of $147.09.

Ameriprise Financial Services, Inc. (NYSE:AMP) traded up 0.27% during mid-day trading on Thursday, reaching $150.28. The company had a trading volume of 142,350 shares. Ameriprise Financial Services, Inc. has a one year low of $86.25 and a one year high of $151.51. The stock has a 50 day moving average price of $140.51 and a 200 day moving average price of $133.22. The company has a market capitalization of $22.53 billion, a P/E ratio of 17.21 and a beta of 1.88.

Ameriprise Financial Services (NYSE:AMP) last released its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $2.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.62 by $0.18. The business had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.90 billion. Ameriprise Financial Services 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, equities analysts expect that Ameriprise Financial Services, Inc. will post $11.28 earnings per share for the current fiscal year.

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In other news, Chairman James M. Cracchiolo sold 97,545 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $144.67, for a total value of $14,111,835.15. Following the transaction, the chairman now owns 474,139 shares in the company, valued at approximately $68,593,689.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider David Kent Stewart sold 4,945 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $144.21, for a total value of $713,118.45. Following the completion of the transaction, the insider now owns 21,969 shares in the company, valued at approximately $3,168,149.49. The disclosure for this sale can be found here. Insiders sold a total of 182,979 shares of company stock worth $26,479,126 in the last 90 days. Company insiders own 1.50% of the company’s stock.

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

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