Teachers Insurance & Annuity Association of America continued to hold its position in Ameriprise Financial Services, Inc. (NYSE:AMP) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,400 shares of the financial services provider’s stock at the end of the 2nd quarter. Teachers Insurance & Annuity Association of America’s holdings in Ameriprise Financial Services were worth $5,270,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AMP. BlackRock Inc. increased its holdings in shares of Ameriprise Financial Services by 1,709.0% in the 1st quarter. BlackRock Inc. now owns 10,640,305 shares of the financial services provider’s stock worth $1,379,836,000 after acquiring an additional 10,052,130 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Ameriprise Financial Services by 71.8% in the 1st quarter. JPMorgan Chase & Co. now owns 5,939,366 shares of the financial services provider’s stock worth $770,216,000 after acquiring an additional 2,481,827 shares during the period. FMR LLC increased its holdings in shares of Ameriprise Financial Services by 115.7% in the 1st quarter. FMR LLC now owns 918,638 shares of the financial services provider’s stock worth $119,130,000 after acquiring an additional 492,785 shares during the period. American Century Companies Inc. increased its holdings in shares of Ameriprise Financial Services by 21.6% in the 2nd quarter. American Century Companies Inc. now owns 1,905,436 shares of the financial services provider’s stock worth $242,543,000 after acquiring an additional 338,452 shares during the period. Finally, AXA increased its holdings in shares of Ameriprise Financial Services by 977.6% in the 2nd quarter. AXA now owns 310,074 shares of the financial services provider’s stock worth $39,470,000 after acquiring an additional 281,300 shares during the period. 79.39% of the stock is currently owned by institutional investors and hedge funds.

Ameriprise Financial Services, Inc. (AMP) traded up 0.21% during trading on Tuesday, reaching $141.16. 168,553 shares of the company’s stock traded hands. The firm’s 50 day moving average is $140.63 and its 200-day moving average is $132.10. Ameriprise Financial Services, Inc. has a 12 month low of $86.25 and a 12 month high of $149.99. The company has a market capitalization of $21.17 billion, a price-to-earnings ratio of 16.17 and a beta of 1.86.

Ameriprise Financial Services (NYSE:AMP) last released its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $2.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.62 by $0.18. Ameriprise Financial Services had a return on equity of 26.54% and a net margin of 11.81%. The business had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the previous year, the business posted $2.23 earnings per share. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. Analysts expect that Ameriprise Financial Services, Inc. will post $11.29 EPS for the current fiscal year.

In related news, Chairman James M. Cracchiolo sold 39,450 shares of Ameriprise Financial Services stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $144.50, for a total value of $5,700,525.00. Following the completion of the transaction, the chairman now directly owns 260,887 shares of the company’s stock, valued at $37,698,171.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William F. Truscott sold 19,768 shares of Ameriprise Financial Services stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $144.43, for a total value of $2,855,092.24. Following the completion of the transaction, the chief executive officer now directly owns 70,693 shares of the company’s stock, valued at $10,210,189.99. The disclosure for this sale can be found here. Insiders sold 185,966 shares of company stock valued at $26,868,153 over the last ninety days. 1.50% of the stock is currently owned by company insiders.

A number of analysts recently weighed in on the stock. BidaskClub raised shares of Ameriprise Financial Services from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Morgan Stanley increased their price objective 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. Zacks Investment Research raised shares of Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a report on Friday, September 1st. Royal Bank Of Canada assumed coverage on shares of Ameriprise Financial Services in a report on Thursday, June 29th. They issued a “sector perform” rating and a $135.00 price objective on the stock. Finally, Barclays PLC increased their price objective on shares of Ameriprise Financial Services from $130.00 to $142.00 and gave the stock an “equal weight” rating in a report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $147.09.

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Ameriprise Financial Services 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.

Institutional Ownership by Quarter for Ameriprise Financial Services (NYSE:AMP)

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