Daiwa Securities Group Inc. cut its position in shares of AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) by 23.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,610 shares of the financial services provider’s stock after selling 1,700 shares during the period. Daiwa Securities Group Inc.’s holdings in AMERIPRISE FINANCIAL SERVICES, INC. were worth $714,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in AMERIPRISE FINANCIAL SERVICES, INC. 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 worth $108,000 after buying an additional 4 shares in the last quarter. RMB Capital Management LLC increased its stake in AMERIPRISE FINANCIAL SERVICES, INC. by 0.9% in the first quarter. RMB Capital Management LLC now owns 1,917 shares of the financial services provider’s stock worth $249,000 after buying an additional 17 shares in the last quarter. Savant Capital LLC increased its stake in AMERIPRISE FINANCIAL SERVICES, INC. by 0.7% in the first quarter. Savant Capital LLC now owns 3,067 shares of the financial services provider’s stock worth $398,000 after buying an additional 20 shares in the last quarter. Dubuque Bank & Trust Co. increased its stake in AMERIPRISE FINANCIAL SERVICES, INC. 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 in the last quarter. Finally, Private Advisor Group LLC increased its stake in AMERIPRISE FINANCIAL SERVICES, INC. by 1.1% in the first quarter. Private Advisor Group LLC now owns 2,608 shares of the financial services provider’s stock worth $334,000 after buying an additional 28 shares in the last quarter. Institutional investors own 81.72% of the company’s stock.

Shares of AMERIPRISE FINANCIAL SERVICES, INC. (NYSE AMP) opened at 143.36 on Friday. AMERIPRISE FINANCIAL SERVICES, INC. has a 12-month low of $86.25 and a 12-month high of $149.99. The company has a 50 day moving average price of $137.07 and a 200 day moving average price of $129.38. The stock has a market cap of $21.50 billion, a P/E ratio of 16.42 and a beta of 1.86.

AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) last released its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $2.80 EPS for the quarter, beating the consensus estimate of $2.62 by $0.18. AMERIPRISE FINANCIAL SERVICES, INC. had a return on equity of 26.54% and a net margin of 11.81%. The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the company posted $2.23 earnings per share. The firm’s revenue was up 3.3% compared to the same quarter last year. Analysts anticipate that AMERIPRISE FINANCIAL SERVICES, INC. will post $11.30 earnings per share for the current fiscal year.

The business also recently disclosed 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. This represents a $3.32 annualized dividend and a yield of 2.32%. The ex-dividend date is Thursday, August 3rd. AMERIPRISE FINANCIAL SERVICES, INC.’s dividend payout ratio (DPR) is presently 37.81%.

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

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Several equities research analysts recently issued reports on the company. Barclays PLC boosted their price objective on AMERIPRISE FINANCIAL SERVICES, INC. from $130.00 to $142.00 and gave the company an “equal weight” rating in a report on Friday. Deutsche Bank AG reiterated a “hold” rating and issued a $140.00 price objective (up previously from $137.00) on shares of AMERIPRISE FINANCIAL SERVICES, INC. in a report on Thursday, April 20th. Royal Bank Of Canada assumed coverage on AMERIPRISE FINANCIAL SERVICES, INC. in a report on Thursday, June 29th. They issued a “sector perform” rating and a $135.00 price objective on the stock. BidaskClub upgraded AMERIPRISE FINANCIAL SERVICES, INC. from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Finally, Citigroup Inc. set a $166.00 price objective on AMERIPRISE FINANCIAL SERVICES, INC. and gave the company a “buy” rating in a report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $146.98.

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