Ameriprise Financial Services, Inc. (AMP) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. trimmed its holdings in shares of Ameriprise Financial Services, Inc. (NYSE:AMP) by 31.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,557 shares of the financial services provider’s stock after selling 9,686 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Ameriprise Financial Services were worth $3,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. First Business Financial Services Inc. lifted its holdings in shares of Ameriprise Financial Services by 10.8% in the 3rd quarter. First Business Financial Services Inc. now owns 4,513 shares of the financial services provider’s stock valued at $670,000 after buying an additional 441 shares during the period. Leavell Investment Management Inc. lifted its holdings in shares of Ameriprise Financial Services by 16.6% in the 3rd quarter. Leavell Investment Management Inc. now owns 3,507 shares of the financial services provider’s stock valued at $521,000 after buying an additional 500 shares during the period. Aperio Group LLC lifted its holdings in shares of Ameriprise Financial Services by 3.8% in the 3rd quarter. Aperio Group LLC now owns 126,472 shares of the financial services provider’s stock valued at $18,782,000 after buying an additional 4,668 shares during the period. Boston Advisors LLC lifted its holdings in shares of Ameriprise Financial Services by 42.6% in the 3rd quarter. Boston Advisors LLC now owns 175,841 shares of the financial services provider’s stock valued at $26,114,000 after buying an additional 52,511 shares during the period. Finally, Nippon Life Insurance Co. acquired a new position in shares of Ameriprise Financial Services in the 3rd quarter valued at about $914,000. Hedge funds and other institutional investors own 80.87% of the company’s stock.

Ameriprise Financial Services, Inc. (NYSE:AMP) opened at $159.58 on Friday. 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, Inc. has a 52 week low of $109.19 and a 52 week high of $163.04. The company has a market capitalization of $23,606.67, a price-to-earnings ratio of 13.57 and a beta of 1.92.

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, topping analysts’ consensus estimates 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 company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.97 billion. During the same period in the prior year, the firm earned $2.29 earnings per share. The firm’s revenue was up 6.3% compared to the same quarter last year. sell-side analysts predict that Ameriprise Financial Services, Inc. will post 12.14 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Monday, November 6th were paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend was Friday, November 3rd. Ameriprise Financial Services’s payout ratio is currently 30.97%.

Several equities analysts have recently issued reports on the company. SunTrust Banks, Inc. boosted 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 target on Ameriprise Financial Services and gave the stock a “sector perform” rating in a report on Wednesday, October 25th. Zacks Investment Research raised Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $167.00 price target for the company in a report on Thursday, October 5th. Morgan Stanley increased their target price 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 reissued 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 issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $154.20.

In other Ameriprise Financial Services news, EVP Colin Moore sold 4,285 shares of Ameriprise Financial Services stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $161.09, for a total value of $690,270.65. Following the sale, the executive vice president now owns 73,690 shares of the company’s stock, valued at approximately $11,870,722.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Robert Woerner sold 9,022 shares of Ameriprise Financial Services stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $160.91, for a total value of $1,451,730.02. Following the completion of the sale, the insider now directly owns 43,167 shares in the company, valued at approximately $6,946,001.97. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 59,717 shares of company stock worth $9,543,677. 1.50% of the stock is owned by insiders.

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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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