10,654 Shares in Ameriprise Financial Services, Inc. (AMP) Acquired by Piedmont Investment Advisors LLC

Piedmont Investment Advisors LLC purchased a new stake in shares of Ameriprise Financial Services, Inc. (NYSE:AMP) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 10,654 shares of the financial services provider’s stock, valued at approximately $1,582,000.

Other large investors have also recently modified their holdings of the company. IHT Wealth Management LLC boosted its position in Ameriprise Financial Services by 284.0% in the 2nd quarter. IHT Wealth Management LLC now owns 311 shares of the financial services provider’s stock valued at $113,000 after buying an additional 230 shares during the period. Parallel Advisors LLC boosted its position in Ameriprise Financial Services by 17.5% in the 2nd quarter. Parallel Advisors LLC now owns 777 shares of the financial services provider’s stock valued at $113,000 after buying an additional 116 shares during the period. Sun Life Financial INC boosted its position in Ameriprise Financial Services by 10,100.0% in the 2nd quarter. Sun Life Financial INC now owns 1,122 shares of the financial services provider’s stock valued at $143,000 after buying an additional 1,111 shares during the period. Johnson Financial Group Inc. boosted its position 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 valued at $150,000 after buying an additional 38 shares during the period. Finally, Wesbanco Bank Inc. purchased a new stake in Ameriprise Financial Services in the 3rd quarter valued at about $200,000. Institutional investors own 81.74% of the company’s stock.

In other news, insider David Kent Stewart sold 603 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $160.72, for a total value of $96,914.16. Following the completion of the sale, the insider now owns 20,081 shares of the company’s stock, valued at approximately $3,227,418.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Charles Neal Maglaque sold 1,754 shares of the stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $161.01, for a total transaction of $282,411.54. Following the sale, the chief operating officer now directly owns 14,697 shares of the company’s stock, valued at approximately $2,366,363.97. The disclosure for this sale can be found here. Insiders sold a total of 67,649 shares of company stock valued at $10,882,637 in the last ninety days. Corporate insiders own 1.50% of the company’s stock.

Shares of Ameriprise Financial Services, Inc. (NYSE AMP) opened at $167.93 on Friday. Ameriprise Financial Services, Inc. has a 52-week low of $109.19 and a 52-week high of $170.35. The firm has a market cap of $24,475.02, a P/E ratio of 14.07 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 announced its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $3.12 earnings per share for the quarter, topping the 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 analysts’ expectations of $2.97 billion. During the same quarter in the prior year, the company earned $2.29 EPS. The company’s revenue was up 6.3% compared to the same quarter last year. research analysts expect that Ameriprise Financial Services, Inc. will post 12.14 earnings per share for the current fiscal 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 $0.83 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $3.32 annualized dividend and a dividend yield of 1.98%. Ameriprise Financial Services’s payout ratio is presently 30.97%.

AMP has been the subject of several research reports. ValuEngine cut shares of Ameriprise Financial Services from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. BidaskClub cut shares of Ameriprise Financial Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 19th. Zacks Investment Research raised shares of Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $155.00 price objective for the company in a research report on Friday, September 1st. Barclays reissued an “equal weight” rating on shares of Ameriprise Financial Services in a research report on Monday, October 2nd. Finally, Royal Bank of Canada set a $149.00 price objective on shares of Ameriprise Financial Services and gave the company a “hold” rating in a research report on Wednesday, October 18th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $154.20.

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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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