Sompo Japan Nipponkoa Asset Management CO. LTD. bought a new position in Ameriprise Financial Services, Inc. (NYSE:AMP) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 62,680 shares of the financial services provider’s stock, valued at approximately $9,309,000. Ameriprise Financial Services makes up about 1.4% of Sompo Japan Nipponkoa Asset Management CO. LTD.’s portfolio, making the stock its 29th biggest position.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Intrust Bank NA grew its position in shares of Ameriprise Financial Services by 0.7% in the 2nd quarter. Intrust Bank NA now owns 1,793 shares of the financial services provider’s stock worth $228,000 after acquiring an additional 12 shares in the last quarter. Stratos Wealth Partners LTD. grew its position in shares of Ameriprise Financial Services by 0.5% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 3,472 shares of the financial services provider’s stock worth $442,000 after acquiring an additional 17 shares in the last quarter. Neuberger Berman Group LLC grew its position in shares of Ameriprise Financial Services by 0.3% in the 2nd quarter. Neuberger Berman Group LLC now owns 9,097 shares of the financial services provider’s stock worth $1,158,000 after acquiring an additional 29 shares in the last quarter. National Asset Management Inc. grew its position in shares of Ameriprise Financial Services by 1.0% in the 2nd quarter. National Asset Management Inc. now owns 3,165 shares of the financial services provider’s stock worth $406,000 after acquiring an additional 32 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its position in shares of Ameriprise Financial Services by 1.7% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,964 shares of the financial services provider’s stock worth $250,000 after acquiring an additional 33 shares in the last quarter. Institutional investors own 81.74% of the company’s stock.

Ameriprise Financial Services, Inc. (NYSE:AMP) opened at $162.47 on Monday. Ameriprise Financial Services, Inc. has a 12-month low of $109.19 and a 12-month high of $166.13. The stock has a market capitalization of $24,034.19, a P/E ratio of 13.81 and a beta of 1.93. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.67 and a current ratio of 0.67.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Monday, November 6th were paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend was Friday, November 3rd. Ameriprise Financial Services’s payout ratio is currently 30.97%.

AMP has been the subject of a number of analyst reports. Barclays boosted their price objective on Ameriprise Financial Services from $130.00 to $142.00 and gave the company an “equal weight” rating in a research report on Friday, August 11th. BidaskClub lowered Ameriprise Financial Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 19th. Zacks Investment Research lowered Ameriprise Financial Services from a “buy” rating to a “hold” rating in a research report on Thursday, August 31st. Morgan Stanley boosted their price objective 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, Royal Bank Of Canada set a $149.00 price objective on Ameriprise Financial Services and gave the company a “hold” rating in a research report on Wednesday, October 18th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $154.20.

In other Ameriprise Financial Services news, CEO James M. Cracchiolo sold 2,428 shares of Ameriprise Financial Services stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $161.07, for a total transaction of $391,077.96. Following the sale, the chief executive officer now owns 242,013 shares of the company’s stock, valued at approximately $38,981,033.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Colin Moore sold 4,285 shares of Ameriprise Financial Services stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $161.09, for a total value of $690,270.65. Following the sale, the executive vice president now directly owns 73,690 shares in the company, valued at approximately $11,870,722.10. The disclosure for this sale can be found here. Insiders have sold a total of 60,320 shares of company stock worth $9,640,592 in the last ninety days. 1.50% of the stock is owned by company insiders.

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About Ameriprise Financial Services

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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