CIBC Asset Management Inc reduced its holdings in Ameriprise Financial Services, Inc. (NYSE:AMP) by 2.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,835 shares of the financial services provider’s stock after selling 404 shares during the quarter. CIBC Asset Management Inc’s holdings in Ameriprise Financial Services were worth $2,203,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Victory Capital Management Inc. increased its holdings in shares of Ameriprise Financial Services by 499.6% during the third quarter. Victory Capital Management Inc. now owns 552,144 shares of the financial services provider’s stock valued at $81,999,000 after acquiring an additional 460,058 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Ameriprise Financial Services by 2.7% during the second quarter. Vanguard Group Inc. now owns 12,744,678 shares of the financial services provider’s stock valued at $1,622,270,000 after acquiring an additional 340,206 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Ameriprise Financial Services by 21.6% during the second quarter. American Century Companies Inc. now owns 1,905,436 shares of the financial services provider’s stock valued at $242,543,000 after acquiring an additional 338,452 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Ameriprise Financial Services by 147.7% during the third quarter. Canada Pension Plan Investment Board now owns 504,364 shares of the financial services provider’s stock valued at $74,903,000 after acquiring an additional 300,748 shares in the last quarter. Finally, Samlyn Capital LLC boosted its position in shares of Ameriprise Financial Services by 238.1% during the second quarter. Samlyn Capital LLC now owns 413,106 shares of the financial services provider’s stock valued at $52,584,000 after buying an additional 290,921 shares during the last quarter. Institutional investors and hedge funds own 81.45% of the company’s stock.

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In related news, Chairman James M. Cracchiolo sold 42,228 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $159.33, for a total transaction of $6,728,187.24. Following the sale, the chairman now directly owns 242,013 shares in the company, valued at approximately $38,559,931.29. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider John Robert Woerner sold 9,022 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $160.91, for a total value of $1,451,730.02. Following the sale, the insider now owns 43,167 shares in the company, valued at $6,946,001.97. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 59,717 shares of company stock worth $9,543,677. 1.50% of the stock is currently owned by corporate insiders.

Shares of Ameriprise Financial Services, Inc. (NYSE:AMP) opened at $158.28 on Friday. The stock has a market capitalization of $23,230.00, a price-to-earnings ratio of 13.36 and a beta of 1.92. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.67 and a quick ratio of 0.67. Ameriprise Financial Services, Inc. has a one year low of $109.19 and a one year high of $163.04.

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

The company also recently announced a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Monday, November 6th were paid a $0.83 dividend. The ex-dividend date was Friday, November 3rd. This represents a $3.32 annualized dividend and a dividend yield of 2.10%. Ameriprise Financial Services’s payout ratio is presently 31.00%.

AMP has been the topic of several analyst reports. Royal Bank Of Canada set a $155.00 target price on Ameriprise Financial Services and gave the company a “sector perform” rating in a research report on Wednesday, October 25th. SunTrust Banks, Inc. lifted their target price on Ameriprise Financial Services from $140.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Citigroup Inc. set a $166.00 target price on Ameriprise Financial Services and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Morgan Stanley lifted their target price on Ameriprise Financial Services from $152.00 to $162.00 and gave the company an “overweight” rating in a research report on Thursday, October 5th. Finally, Zacks Investment Research cut Ameriprise Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Ameriprise Financial Services presently has an average rating of “Buy” and a consensus price target of $154.20.

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.

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

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