Shares of Ameriprise Financial Services Inc. (NYSE:AMP) gapped up before the market opened on Tuesday . The stock had previously closed at $96.58, but opened at $96.81. Ameriprise Financial Services shares last traded at $97.79, with a volume of 310,278 shares traded.

Several equities analysts have commented on AMP shares. Royal Bank Of Canada lowered their target price on shares of Ameriprise Financial Services from $122.00 to $121.00 and set an “outperform” rating on the stock in a research report on Thursday, April 28th. Zacks Investment Research downgraded shares of Ameriprise Financial Services from a “hold” rating to a “sell” rating in a research report on Monday, May 2nd. UBS AG reissued a “buy” rating and set a $120.00 target price (down from $125.00) on shares of Ameriprise Financial Services in a research report on Wednesday, June 29th. Evercore ISI started coverage on shares of Ameriprise Financial Services in a research report on Wednesday, July 6th. They set a “buy” rating and a $110.00 target price on the stock. Finally, Deutsche Bank AG lowered their target price on shares of Ameriprise Financial Services from $122.00 to $106.00 and set a “buy” rating on the stock in a research report on Thursday, July 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $113.08.

The stock has a market cap of $15.71 billion and a price-to-earnings ratio of 11.81. The firm has a 50 day moving average price of $95.32 and a 200-day moving average price of $93.84.

Ameriprise Financial Services (NYSE:AMP) last announced its earnings results on Tuesday, July 26th. The company reported $2.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.26 by $0.03. The company had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the previous year, the firm posted $2.33 earnings per share. The company’s revenue for the quarter was down 8.2% on a year-over-year basis. On average, analysts anticipate that Ameriprise Financial Services Inc. will post $9.33 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 19th. Investors of record on Monday, August 8th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend was Thursday, August 4th.

In other Ameriprise Financial Services news, Director Lon R. Greenberg purchased 3,900 shares of the business’s stock in a transaction on Wednesday, June 29th. The shares were purchased at an average cost of $88.18 per share, with a total value of $343,902.00. Following the transaction, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $705,440. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Kelli A. Hunter sold 3,486 shares of the business’s stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $102.07, for a total transaction of $355,816.02. Following the sale, the vice president now directly owns 29,258 shares in the company, valued at $2,986,364.06. The disclosure for this sale can be found here.

A number of large investors have modified their holdings of AMP. Calvert Investment Management Inc. boosted its stake in shares of Ameriprise Financial Services by 36.9% in the fourth quarter. Calvert Investment Management Inc. now owns 11,644 shares of the company’s stock valued at $1,239,000 after buying an additional 3,137 shares during the period. Trexquant Investment LP acquired a new stake in shares of Ameriprise Financial Services during the fourth quarter valued at approximately $1,665,000. Jennison Associates LLC acquired a new stake in shares of Ameriprise Financial Services during the fourth quarter valued at approximately $3,056,000. US Bancorp DE boosted its stake in shares of Ameriprise Financial Services by 18.1% in the fourth quarter. US Bancorp DE now owns 150,944 shares of the company’s stock valued at $16,063,000 after buying an additional 23,170 shares during the period. Finally, Westfield Capital Management Co. LP boosted its stake in shares of Ameriprise Financial Services by 8.4% in the fourth quarter. Westfield Capital Management Co. LP now owns 347,465 shares of the company’s stock valued at $36,977,000 after buying an additional 26,890 shares during the period.

Ameriprise Financial, Inc is a diversified 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 Advice & Wealth Management segment provides financial planning and advice, as well as brokerage services, primarily to retail clients through advisors.

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