Foundry Partners LLC raised its position in AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) by 4.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 76,239 shares of the financial services provider’s stock after buying an additional 3,001 shares during the period. Foundry Partners LLC’s holdings in AMERIPRISE FINANCIAL SERVICES, INC. were worth $9,704,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AMP. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in shares of AMERIPRISE FINANCIAL SERVICES, INC. by 0.7% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 834 shares of the financial services provider’s stock worth $106,000 after buying an additional 6 shares in the last quarter. Dubuque Bank & Trust Co. boosted its stake in shares of 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. Mckinley Capital Management LLC Delaware acquired a new stake in shares of AMERIPRISE FINANCIAL SERVICES, INC. during the first quarter worth $124,000. State of Alaska Department of Revenue acquired a new stake in shares of AMERIPRISE FINANCIAL SERVICES, INC. during the first quarter worth $125,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of AMERIPRISE FINANCIAL SERVICES, INC. during the first quarter worth $149,000. Hedge funds and other institutional investors own 81.72% of the company’s stock.

Shares of AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) opened at 143.36 on Friday. The firm has a market cap of $21.50 billion, a PE ratio of 16.42 and a beta of 1.86. The company has a 50 day moving average of $137.07 and a 200 day moving average of $129.38. AMERIPRISE FINANCIAL SERVICES, INC. has a 52 week low of $86.25 and a 52 week high of $149.99.

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

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Monday, August 7th will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Thursday, August 3rd. AMERIPRISE FINANCIAL SERVICES, INC.’s dividend payout ratio is presently 37.81%.

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A number of analysts recently weighed in on the stock. Deutsche Bank AG reiterated a “hold” rating and set a $140.00 price target (up previously from $137.00) on shares of AMERIPRISE FINANCIAL SERVICES, INC. in a research note on Thursday, April 20th. BidaskClub upgraded shares of AMERIPRISE FINANCIAL SERVICES, INC. from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Barclays PLC reiterated an “equal weight” rating and set a $130.00 price target (up previously from $127.00) on shares of AMERIPRISE FINANCIAL SERVICES, INC. in a research note on Tuesday, April 25th. Morgan Stanley increased their price target on shares of AMERIPRISE FINANCIAL SERVICES, INC. from $148.00 to $152.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 26th. Finally, Royal Bank Of Canada assumed coverage on shares of AMERIPRISE FINANCIAL SERVICES, INC. in a research note on Thursday, June 29th. They set a “sector perform” rating and a $135.00 price target for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. AMERIPRISE FINANCIAL SERVICES, INC. presently has a consensus rating of “Buy” and an average price target of $146.98.

In other AMERIPRISE FINANCIAL SERVICES, INC. news, Chairman James M. Cracchiolo sold 13,418 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $146.25, for a total transaction of $1,962,382.50. Following the completion of the sale, the chairman now directly owns 283,891 shares of the company’s stock, valued at $41,519,058.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman James M. Cracchiolo sold 97,545 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $144.67, for a total transaction of $14,111,835.15. Following the sale, the chairman now directly owns 474,139 shares of the company’s stock, valued at $68,593,689.13. The disclosure for this sale can be found here. Insiders have sold 144,891 shares of company stock valued at $20,931,867 over the last ninety days. Insiders own 1.50% of the company’s stock.

AMERIPRISE FINANCIAL SERVICES, INC. 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, INC. (NYSE:AMP)

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