Lazard Asset Management LLC lifted its stake in AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) by 33.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 117,469 shares of the financial services provider’s stock after acquiring an additional 29,748 shares during the period. Lazard Asset Management LLC owned 0.08% of AMERIPRISE FINANCIAL SERVICES, INC. worth $14,952,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in shares of AMERIPRISE FINANCIAL SERVICES, INC. by 0.7% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 834 shares of the financial services provider’s stock worth $106,000 after acquiring an additional 6 shares in the last quarter. Intrust Bank NA raised its position in shares of AMERIPRISE FINANCIAL SERVICES, INC. by 0.7% in the 2nd quarter. Intrust Bank NA now owns 1,793 shares of the financial services provider’s stock worth $228,000 after acquiring an additional 12 shares in the last quarter. RMB Capital Management LLC raised its position in shares of AMERIPRISE FINANCIAL SERVICES, INC. by 0.9% in the 1st quarter. RMB Capital Management LLC now owns 1,917 shares of the financial services provider’s stock worth $249,000 after acquiring an additional 17 shares in the last quarter. Stratos Wealth Partners LTD. raised its position in shares of AMERIPRISE FINANCIAL SERVICES, INC. by 0.5% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 3,472 shares of the financial services provider’s stock worth $442,000 after acquiring an additional 17 shares in the last quarter. Finally, Savant Capital LLC raised its position in shares of AMERIPRISE FINANCIAL SERVICES, INC. by 0.7% in the 1st quarter. Savant Capital LLC now owns 3,067 shares of the financial services provider’s stock worth $398,000 after acquiring an additional 20 shares in the last quarter. 79.39% of the stock is owned by hedge funds and other institutional investors.

AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) opened at 142.12 on Friday. The firm has a market capitalization of $21.31 billion, a price-to-earnings ratio of 16.28 and a beta of 1.86. AMERIPRISE FINANCIAL SERVICES, INC. has a 12 month low of $86.25 and a 12 month high of $149.99. The company’s 50-day moving average price is $140.53 and its 200 day moving average price is $132.16.

AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) last posted its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $2.80 earnings per share for the quarter, beating the Zacks’ 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 analysts’ expectations of $2.90 billion. During the same period last year, the firm earned $2.23 earnings per share. AMERIPRISE FINANCIAL SERVICES, INC.’s quarterly revenue was up 3.3% on a year-over-year basis. Analysts predict that AMERIPRISE FINANCIAL SERVICES, INC. will post $11.28 EPS for the current year.

In other news, CEO William F. Truscott sold 19,768 shares of AMERIPRISE FINANCIAL SERVICES, INC. stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $144.43, for a total transaction of $2,855,092.24. Following the sale, the chief executive officer now owns 70,693 shares in the company, valued at $10,210,189.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kelli A. Hunter sold 1,500 shares of AMERIPRISE FINANCIAL SERVICES, INC. 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 sale, the vice president now owns 27,356 shares in the company, valued at approximately $3,955,404.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 185,966 shares of company stock worth $26,868,153. 1.50% of the stock is owned by insiders.

AMP has been the subject of several recent research reports. Citigroup Inc. set a $166.00 price target on AMERIPRISE FINANCIAL SERVICES, INC. and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research lowered AMERIPRISE FINANCIAL SERVICES, INC. from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. BidaskClub raised AMERIPRISE FINANCIAL SERVICES, INC. from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Barclays PLC boosted their price target on AMERIPRISE FINANCIAL SERVICES, INC. from $130.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Friday, August 11th. Finally, Royal Bank Of Canada set a $149.00 price target on AMERIPRISE FINANCIAL SERVICES, INC. and gave the stock a “sector perform” rating in a research report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. AMERIPRISE FINANCIAL SERVICES, INC. presently has a consensus rating of “Hold” and an average price target of $147.09.

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

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