Acadian Asset Management LLC boosted its stake in Ameriprise Financial Services, Inc. (NYSE:AMP) by 1.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 12,161 shares of the financial services provider’s stock after buying an additional 199 shares during the period. Acadian Asset Management LLC’s holdings in Ameriprise Financial Services were worth $1,549,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in Ameriprise Financial Services by 0.5% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 828 shares of the financial services provider’s stock valued at $108,000 after buying an additional 4 shares during the period. Dubuque Bank & Trust Co. boosted its stake in Ameriprise Financial Services by 2.4% in the first quarter. Dubuque Bank & Trust Co. now owns 954 shares of the financial services provider’s stock worth $124,000 after buying an additional 22 shares during the last quarter. Mckinley Capital Management LLC Delaware bought a new stake in Ameriprise Financial Services during the first quarter worth approximately $124,000. State of Alaska Department of Revenue bought a new stake in Ameriprise Financial Services during the first quarter worth approximately $125,000. Finally, Meeder Asset Management Inc. bought a new stake in Ameriprise Financial Services during the first quarter worth approximately $149,000. Institutional investors own 81.72% of the company’s stock.

Ameriprise Financial Services, Inc. (NYSE:AMP) traded down 1.17% on Wednesday, hitting $147.06. 500,268 shares of the company were exchanged. The stock has a market capitalization of $22.10 billion, a P/E ratio of 16.84 and a beta of 1.86. The company has a 50 day moving average price of $134.69 and a 200-day moving average price of $128.19. Ameriprise Financial Services, Inc. has a 52 week low of $86.25 and a 52 week high of $148.75.

Ameriprise Financial Services (NYSE:AMP) last announced its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $2.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.62 by $0.18. Ameriprise Financial Services had a net margin of 11.81% and a return on equity of 26.54%. The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the prior year, the firm posted $2.23 EPS. Ameriprise Financial Services’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities analysts expect that Ameriprise Financial Services, Inc. will post $11.30 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Monday, August 7th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 2.23%. The ex-dividend date is Thursday, August 3rd. Ameriprise Financial Services’s dividend payout ratio (DPR) is 37.81%.

Ameriprise Financial Services declared that its board has initiated a stock buyback plan on Monday, April 24th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire up to 12.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

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A number of equities research analysts have commented on the stock. Citigroup Inc. set a $166.00 price target on shares of Ameriprise Financial Services and gave the stock a “buy” rating in a report on Wednesday, August 2nd. BidaskClub upgraded shares of Ameriprise Financial Services from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Royal Bank Of Canada set a $149.00 price target on shares of Ameriprise Financial Services and gave the stock a “sector perform” rating in a report on Wednesday, July 26th. Zacks Investment Research upgraded shares of Ameriprise Financial Services 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. Finally, Morgan Stanley raised their price target on shares of Ameriprise Financial Services from $148.00 to $152.00 and gave the stock an “overweight” rating in a report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Ameriprise Financial Services presently has an average rating of “Buy” and a consensus price target of $145.64.

In related news, VP Kelli A. Hunter sold 1,500 shares of the stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $144.59, for a total transaction of $216,885.00. Following the sale, the vice president now directly owns 27,356 shares of the company’s stock, valued at approximately $3,955,404.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Randy Kupper sold 2,987 shares of the stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $130.24, for a total transaction of $389,026.88. Following the sale, the executive vice president now directly owns 30,969 shares in the company, valued at $4,033,402.56. The disclosure for this sale can be found here. Insiders have sold a total of 144,891 shares of company stock worth $20,931,867 over the last three months. 1.50% of the stock is currently owned by insiders.

About Ameriprise Financial Services

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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