Honeywell International Inc. maintained its stake in AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 192,600 shares of the financial services provider’s stock at the end of the second quarter. Honeywell International Inc. owned 0.13% of AMERIPRISE FINANCIAL SERVICES, INC. worth $24,516,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Tompkins Financial Corp boosted its stake in AMERIPRISE FINANCIAL SERVICES, INC. by 815.9% in the first quarter. Tompkins Financial Corp now owns 3,160 shares of the financial services provider’s stock valued at $297,000 after buying an additional 2,815 shares in the last quarter. Atria Investments LLC boosted its stake in AMERIPRISE FINANCIAL SERVICES, INC. by 17.6% in the first quarter. Atria Investments LLC now owns 15,455 shares of the financial services provider’s stock valued at $2,004,000 after buying an additional 2,311 shares in the last quarter. Weybosset Research & Management LLC acquired a new stake in AMERIPRISE FINANCIAL SERVICES, INC. during the first quarter valued at approximately $298,000. Regentatlantic Capital LLC boosted its stake in AMERIPRISE FINANCIAL SERVICES, INC. by 5.1% in the first quarter. Regentatlantic Capital LLC now owns 5,895 shares of the financial services provider’s stock valued at $764,000 after buying an additional 288 shares in the last quarter. Finally, Univest Corp of Pennsylvania boosted its stake in AMERIPRISE FINANCIAL SERVICES, INC. by 2.0% in the first quarter. Univest Corp of Pennsylvania now owns 30,782 shares of the financial services provider’s stock valued at $3,992,000 after buying an additional 614 shares in the last quarter. 81.72% of the stock is owned by institutional investors and hedge funds.

AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) opened at 147.84 on Monday. The stock has a market capitalization of $22.22 billion, a P/E ratio of 16.93 and a beta of 1.86. The company has a 50-day moving average price of $133.12 and a 200 day moving average price of $127.79. AMERIPRISE FINANCIAL SERVICES, INC. has a 1-year low of $86.25 and a 1-year high of $148.75.

AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) last issued its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $2.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.62 by $0.18. The business had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.90 billion. AMERIPRISE FINANCIAL SERVICES, INC. had a return on equity of 26.54% and a net margin of 11.81%. The business’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.23 earnings per share. On average, equities analysts predict that AMERIPRISE FINANCIAL SERVICES, INC. will post $11.29 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Monday, August 7th will be given a $0.83 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $3.32 dividend on an annualized basis and a yield of 2.25%. AMERIPRISE FINANCIAL SERVICES, INC.’s dividend payout ratio (DPR) is 37.81%.

AMERIPRISE FINANCIAL SERVICES, INC. announced that its board has authorized a share repurchase program on Monday, April 24th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the financial services provider to purchase up to 12.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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Several research firms have recently commented on AMP. BidaskClub raised AMERIPRISE FINANCIAL SERVICES, INC. from a “buy” rating to a “strong-buy” rating in a report on Friday. Citigroup Inc. set a $166.00 price target on AMERIPRISE FINANCIAL SERVICES, INC. and gave the company a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research raised AMERIPRISE FINANCIAL SERVICES, INC. from a “hold” rating to a “buy” rating and set a $156.00 price target for the company in a report on Thursday, July 27th. Royal Bank Of Canada set a $149.00 price target on AMERIPRISE FINANCIAL SERVICES, INC. and gave the company a “sector perform” rating in a report on Wednesday, July 26th. Finally, Morgan Stanley raised their price target on AMERIPRISE FINANCIAL SERVICES, INC. from $148.00 to $152.00 and gave the company an “overweight” rating in a report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $145.64.

In other AMERIPRISE FINANCIAL SERVICES, INC. news, insider Charles Neal Maglaque sold 4,728 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $144.57, for a total value of $683,526.96. Following the completion of the sale, the insider now directly owns 24,901 shares in the company, valued at $3,599,937.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kelli A. Hunter sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $144.59, for a total value of $216,885.00. Following the completion of the sale, the vice president now owns 27,356 shares of the company’s stock, valued at $3,955,404.04. The disclosure for this sale can be found here. Insiders sold 131,473 shares of company stock valued at $18,969,485 over the last 90 days. 1.50% of the stock is currently owned by insiders.

About AMERIPRISE FINANCIAL SERVICES, INC.

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, INC. (NYSE:AMP)

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