Stifel Financial Corp lifted its stake in Ameriprise Financial Services, Inc. (NYSE:AMP) by 2.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,211 shares of the financial services provider’s stock after purchasing an additional 1,252 shares during the quarter. Stifel Financial Corp’s holdings in Ameriprise Financial Services were worth $6,852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Ameriprise Financial Services by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 12,744,678 shares of the financial services provider’s stock worth $1,622,270,000 after purchasing an additional 340,206 shares during the last quarter. LSV Asset Management raised its position in shares of Ameriprise Financial Services by 4.4% in the 2nd quarter. LSV Asset Management now owns 2,739,924 shares of the financial services provider’s stock worth $348,764,000 after purchasing an additional 116,706 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Ameriprise Financial Services by 4.1% in the 3rd quarter. Wells Fargo & Company MN now owns 2,195,435 shares of the financial services provider’s stock worth $326,044,000 after purchasing an additional 86,514 shares during the last quarter. American Century Companies Inc. raised its position in shares of Ameriprise Financial Services by 21.6% in the 2nd quarter. American Century Companies Inc. now owns 1,905,436 shares of the financial services provider’s stock worth $242,543,000 after purchasing an additional 338,452 shares during the last quarter. Finally, Numeric Investors LLC raised its position in shares of Ameriprise Financial Services by 1.6% in the 2nd quarter. Numeric Investors LLC now owns 1,151,413 shares of the financial services provider’s stock worth $146,563,000 after purchasing an additional 17,700 shares during the last quarter. 81.74% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP Colin Moore sold 4,285 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $161.09, for a total transaction of $690,270.65. Following the completion of the sale, the executive vice president now owns 73,690 shares of the company’s stock, valued at approximately $11,870,722.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph Edward Sweeney sold 7,329 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $169.47, for a total transaction of $1,242,045.63. Following the sale, the insider now directly owns 37,991 shares of the company’s stock, valued at approximately $6,438,334.77. The disclosure for this sale can be found here. Insiders have sold a total of 67,649 shares of company stock valued at $10,882,637 in the last ninety days. Insiders own 1.50% of the company’s stock.

Several equities analysts have recently issued reports on AMP shares. SunTrust Banks lifted their price target on Ameriprise Financial Services from $140.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Zacks Investment Research lowered Ameriprise Financial Services from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Barclays reaffirmed an “equal weight” rating on shares of Ameriprise Financial Services in a research report on Monday, October 2nd. BidaskClub lowered Ameriprise Financial Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 19th. Finally, Morgan Stanley boosted their target price on Ameriprise Financial Services from $152.00 to $162.00 and gave the stock an “overweight” rating in a research report on Thursday, October 5th. 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 company has an average rating of “Buy” and an average target price of $154.20.

Ameriprise Financial Services, Inc. (AMP) opened at $166.42 on Thursday. Ameriprise Financial Services, Inc. has a 52-week low of $109.19 and a 52-week high of $170.35. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market capitalization of $24,941.00, a PE ratio of 14.34 and a beta of 1.93.

Ameriprise Financial Services (NYSE:AMP) last released its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $3.12 EPS for the quarter, beating the Thomson Reuters’ 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 in the prior year, the firm earned $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 year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Monday, November 6th were given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend was Friday, November 3rd. Ameriprise Financial Services’s payout ratio is currently 30.97%.

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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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