Copeland Capital Management LLC Has $13.48 Million Holdings in Ameriprise Financial Services, Inc. (AMP)

Copeland Capital Management LLC lowered its stake in shares of Ameriprise Financial Services, Inc. (NYSE:AMP) by 26.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,750 shares of the financial services provider’s stock after selling 31,973 shares during the period. Copeland Capital Management LLC owned 0.06% of Ameriprise Financial Services worth $13,477,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of AMP. Montecito Bank & Trust lifted its holdings in shares of Ameriprise Financial Services by 19.5% during the 3rd quarter. Montecito Bank & Trust now owns 2,443 shares of the financial services provider’s stock valued at $363,000 after purchasing an additional 399 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Ameriprise Financial Services by 109.3% during the 2nd quarter. Principal Financial Group Inc. now owns 508,733 shares of the financial services provider’s stock valued at $64,757,000 after purchasing an additional 265,632 shares during the last quarter. Intrust Bank NA lifted its holdings in shares of Ameriprise Financial Services by 0.7% during the 2nd quarter. Intrust Bank NA now owns 1,793 shares of the financial services provider’s stock valued at $228,000 after purchasing an additional 12 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Ameriprise Financial Services during the 2nd quarter valued at $25,127,000. Finally, First Eagle Investment Management LLC lifted its holdings in shares of Ameriprise Financial Services by 100.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 21,324 shares of the financial services provider’s stock valued at $2,714,000 after purchasing an additional 10,662 shares during the last quarter. Institutional investors own 80.10% of the company’s stock.

Several analysts have recently commented on the company. SunTrust Banks, Inc. increased their price objective on Ameriprise Financial Services from $140.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, October 26th. Royal Bank Of Canada set a $155.00 price objective on Ameriprise Financial Services and gave the company a “sector perform” rating in a report on Wednesday, October 25th. Zacks Investment Research upgraded Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $167.00 price objective for the company in a report on Thursday, October 5th. Morgan Stanley increased their price objective on Ameriprise Financial Services from $152.00 to $162.00 and gave the company an “overweight” rating in a report on Thursday, October 5th. Finally, Barclays PLC reiterated an “equal weight” rating on shares of Ameriprise Financial Services in a report on Monday, October 2nd. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $154.20.

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In related news, COO Charles Neal Maglaque sold 1,754 shares of the business’s 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 directly owns 14,697 shares of the company’s stock, valued at $2,366,363.97. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Karen Wilson Thissen sold 425 shares of the business’s 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 directly owns 10,956 shares of the company’s stock, valued at $1,590,263.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 69,554 shares of company stock valued at $10,323,080. 1.50% of the stock is owned by corporate insiders.

Ameriprise Financial Services, Inc. (NYSE AMP) traded up 0.757% during trading on Wednesday, hitting $157.725. The company had a trading volume of 36,393 shares. Ameriprise Financial Services, Inc. has a 52-week low of $86.25 and a 52-week high of $163.04. The firm’s 50 day moving average is $149.21 and its 200-day moving average is $136.80. The stock has a market capitalization of $23.65 billion, a price-to-earnings ratio of 18.065 and a beta of 1.88.

Ameriprise Financial Services (NYSE:AMP) last announced its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $3.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.79 by $0.33. Ameriprise Financial Services had a net margin of 14.24% and a return on equity of 29.20%. The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.97 billion. During the same period in the previous year, the company earned $2.29 earnings per share. Ameriprise Financial Services’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, equities analysts forecast that Ameriprise Financial Services, Inc. will post $11.98 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Monday, November 6th will be given a $0.83 dividend. The ex-dividend date is Friday, November 3rd. This represents a $3.32 dividend on an annualized basis and a yield of 2.12%. Ameriprise Financial Services’s dividend payout ratio (DPR) is presently 30.97%.

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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