First Republic Investment Management Inc. increased its stake in shares of Ameriprise Financial Services, Inc. (NYSE:AMP) by 5.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 78,869 shares of the financial services provider’s stock after acquiring an additional 4,190 shares during the quarter. First Republic Investment Management Inc. owned about 0.05% of Ameriprise Financial Services worth $11,712,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Intrust Bank NA raised its stake in shares of Ameriprise Financial Services by 0.7% in the second quarter. Intrust Bank NA now owns 1,793 shares of the financial services provider’s stock valued at $228,000 after acquiring an additional 12 shares during the period. Neuberger Berman Group LLC increased its stake in 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 buying an additional 29 shares during the period. National Asset Management Inc. increased its stake in 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 buying an additional 32 shares during the period. Bronfman E.L. Rothschild L.P. increased its stake in 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 buying an additional 33 shares during the period. Finally, Johnson Financial Group Inc. increased its stake in Ameriprise Financial Services by 3.3% in the 2nd quarter. Johnson Financial Group Inc. now owns 1,181 shares of the financial services provider’s stock worth $150,000 after buying an additional 38 shares during the period. Hedge funds and other institutional investors own 81.74% of the company’s stock.

Shares of Ameriprise Financial Services, Inc. (NYSE AMP) opened at $169.86 on Friday. Ameriprise Financial Services, Inc. has a 1-year low of $109.19 and a 1-year high of $169.94. The firm has a market cap of $24,793.07, a PE ratio of 14.25 and a beta of 1.93. 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 (NYSE:AMP) last released its earnings results on Tuesday, October 24th. The financial services provider reported $3.12 EPS for the quarter, topping analysts’ consensus estimates of $2.79 by $0.33. The company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.97 billion. Ameriprise Financial Services had a net margin of 14.24% and a return on equity of 29.75%. Ameriprise Financial Services’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the business earned $2.29 EPS. sell-side analysts predict that Ameriprise Financial Services, Inc. will post 12.14 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Monday, November 6th were paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date was Friday, November 3rd. Ameriprise Financial Services’s dividend payout ratio (DPR) is presently 30.97%.

In related news, EVP Colin Moore sold 4,285 shares of Ameriprise Financial Services stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 73,690 shares in the company, valued at approximately $11,870,722.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David Kent Stewart sold 603 shares of Ameriprise Financial Services stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $160.72, for a total transaction of $96,914.16. Following the sale, the insider now owns 20,081 shares of the company’s stock, valued at $3,227,418.32. The disclosure for this sale can be found here. Insiders sold a total of 60,320 shares of company stock valued at $9,640,592 over the last quarter. 1.50% of the stock is owned by company insiders.

AMP has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $167.00 price target on the stock in a research note on Thursday, October 5th. Morgan Stanley raised their target price on shares of Ameriprise Financial Services from $152.00 to $162.00 and gave the company an “overweight” rating in a research report on Thursday, October 5th. Royal Bank Of Canada set a $149.00 target price on shares of Ameriprise Financial Services and gave the company a “hold” rating in a research report on Wednesday, October 18th. SunTrust Banks raised their target price on shares of Ameriprise Financial Services from $140.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Finally, Barclays reissued an “equal weight” rating on shares of Ameriprise Financial Services in a research report on Monday, October 2nd. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Ameriprise Financial Services presently has a consensus rating of “Buy” and an average target price of $154.20.

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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.

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

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