Ameriprise Financial Services, Inc. (AMP) Holdings Increased by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. grew its holdings in shares of Ameriprise Financial Services, Inc. (NYSE:AMP) by 19.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,160 shares of the financial services provider’s stock after acquiring an additional 688 shares during the period. Stratos Wealth Partners LTD.’s holdings in Ameriprise Financial Services were worth $618,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in Ameriprise Financial Services by 2.7% during 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 acquiring an additional 340,206 shares during the period. LSV Asset Management grew its stake 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 valued at $348,764,000 after buying an additional 116,706 shares during the period. American Century Companies Inc. grew its stake 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 valued at $242,543,000 after buying an additional 338,452 shares during the period. Numeric Investors LLC grew its stake 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 valued at $146,563,000 after buying an additional 17,700 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Ameriprise Financial Services by 6.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 974,272 shares of the financial services provider’s stock valued at $124,020,000 after buying an additional 59,289 shares during the period. Hedge funds and other institutional investors own 81.45% of the company’s stock.

In other Ameriprise Financial Services news, Chairman James M. Cracchiolo sold 42,228 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $159.33, for a total value of $6,728,187.24. Following the completion of the sale, the chairman now directly owns 242,013 shares of the company’s stock, valued at $38,559,931.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $160.91, for a total transaction of $1,451,730.02. Following the completion of the sale, the insider now directly owns 43,167 shares of the company’s stock, valued at $6,946,001.97. The disclosure for this sale can be found here. Insiders sold 59,717 shares of company stock valued at $9,543,677 over the last quarter. 1.50% of the stock is owned by company insiders.

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Ameriprise Financial Services, Inc. (AMP) traded up $1.20 during trading hours on Friday, hitting $158.28. 639,498 shares of the company were exchanged, compared to its average volume of 1,038,374. 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 52 week low of $109.19 and a 52 week high of $163.04. The company has a market cap of $23,230.00, a PE ratio of 13.36 and a beta of 1.92.

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 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 29.75%. The business had revenue of $3 billion for the quarter, compared to analysts’ expectations 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. sell-side analysts anticipate that Ameriprise Financial Services, Inc. will post 12.14 EPS for the current year.

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

A number of equities analysts have issued reports on AMP shares. SunTrust Banks, Inc. lifted their price target on Ameriprise Financial Services from $140.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. Zacks Investment Research downgraded Ameriprise Financial Services from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Royal Bank Of Canada set a $149.00 price target on Ameriprise Financial Services and gave the company a “sector perform” rating in a research note on Wednesday, July 26th. BidaskClub downgraded Ameriprise Financial Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 19th. Finally, Barclays PLC reiterated an “equal weight” rating on shares of Ameriprise Financial Services in a research note on Monday, October 2nd. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $154.20.

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.

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

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