Becker Capital Management Inc. purchased a new position in shares of Ameriprise Financial Services, Inc. (NYSE:AMP) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,098 shares of the financial services provider’s stock, valued at approximately $312,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. State of Tennessee Treasury Department raised its position in Ameriprise Financial Services by 50.0% during the third quarter. State of Tennessee Treasury Department now owns 83,517 shares of the financial services provider’s stock worth $12,403,000 after acquiring an additional 27,827 shares in the last quarter. State of Wisconsin Investment Board raised its position in shares of Ameriprise Financial Services by 3.7% in the third quarter. State of Wisconsin Investment Board now owns 194,169 shares of the financial services provider’s stock valued at $28,836,000 after purchasing an additional 6,855 shares during the period. BT Investment Management Ltd bought a new position in shares of Ameriprise Financial Services in the third quarter valued at about $2,561,000. First Merchants Corp raised its position in shares of Ameriprise Financial Services by 6.9% in the third quarter. First Merchants Corp now owns 26,779 shares of the financial services provider’s stock valued at $3,977,000 after purchasing an additional 1,730 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its position in shares of Ameriprise Financial Services by 0.9% in the third quarter. State Board of Administration of Florida Retirement System now owns 234,057 shares of the financial services provider’s stock valued at $34,760,000 after purchasing an additional 1,980 shares during the period. 81.42% of the stock is currently owned by hedge funds and other institutional investors.

Ameriprise Financial Services, Inc. (NYSE AMP) traded up $0.31 during trading hours on Wednesday, reaching $159.54. 35,095 shares of the company traded hands, compared to its average volume of 822,152. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.82. Ameriprise Financial Services, Inc. has a twelve month low of $89.55 and a twelve month high of $163.04. The firm has a market cap of $23,764.95, a P/E ratio of 13.66 and a beta of 1.92.

Ameriprise Financial Services (NYSE:AMP) last released its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $3.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.79 by $0.33. Ameriprise Financial Services had a net margin of 14.24% and a return on equity of 29.75%. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $2.97 billion. During the same quarter last year, the business earned $2.29 EPS. The company’s revenue was up 6.3% compared to the same quarter last year. equities analysts predict that Ameriprise Financial Services, Inc. will post 12.14 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Monday, November 6th will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $3.32 annualized dividend and a yield of 2.08%. Ameriprise Financial Services’s payout ratio is 30.97%.

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In other news, COO Charles Neal Maglaque sold 1,754 shares of Ameriprise Financial Services stock in a transaction on Friday, October 27th. The shares were sold at an average price of $161.01, for a total value of $282,411.54. Following the completion of the sale, the chief operating officer now owns 14,697 shares in the company, valued at approximately $2,366,363.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Karen Wilson Thissen sold 425 shares of Ameriprise Financial Services stock in a transaction on 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 approximately $1,590,263.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 56,136 shares of company stock valued at $8,360,698. Company insiders own 1.50% of the company’s stock.

A number of equities analysts recently commented on the stock. Zacks Investment Research lowered shares of Ameriprise Financial Services from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Citigroup Inc. set a $166.00 price target on shares of Ameriprise Financial Services and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Barclays PLC raised their price target on shares of Ameriprise Financial Services from $130.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Friday, August 11th. BidaskClub raised shares of Ameriprise Financial Services from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Finally, Royal Bank Of Canada set a $155.00 price objective on shares of Ameriprise Financial Services and gave the stock a “sector perform” rating in a research note on Wednesday, October 25th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $154.20.

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.

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

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