Dodge & Cox maintained its stake in shares of Ameriprise Financial Services, Inc. (NYSE:AMP) during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,942 shares of the financial services provider’s stock at the close of the second quarter. Dodge & Cox’s holdings in Ameriprise Financial Services were worth $374,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Quantbot Technologies LP acquired a new stake in Ameriprise Financial Services during the 2nd quarter worth approximately $1,932,000. FIL Ltd acquired a new stake in Ameriprise Financial Services during the 2nd quarter worth approximately $8,910,000. MML Investors Services LLC acquired a new stake in Ameriprise Financial Services during the 2nd quarter worth approximately $254,000. ETRADE Capital Management LLC lifted its holdings in Ameriprise Financial Services by 6.3% during the 2nd quarter. ETRADE Capital Management LLC now owns 2,239 shares of the financial services provider’s stock worth $285,000 after buying an additional 132 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Ameriprise Financial Services by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 12,744,678 shares of the financial services provider’s stock worth $1,622,270,000 after buying an additional 340,206 shares in the last quarter. Hedge funds and other institutional investors own 79.39% of the company’s stock.

In other Ameriprise Financial Services news, Chairman James M. Cracchiolo sold 39,450 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $144.50, for a total transaction of $5,700,525.00. Following the completion of the sale, the chairman now owns 260,887 shares in the company, valued at $37,698,171.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO William F. Truscott sold 19,768 shares of the business’s stock in a transaction on Monday, July 31st. The shares were 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 of the company’s stock, valued at approximately $10,210,189.99. The disclosure for this sale can be found here. In the last quarter, insiders have sold 185,966 shares of company stock valued at $26,868,153. 1.50% of the stock is owned by insiders.

A number of brokerages have commented on AMP. BidaskClub raised shares of Ameriprise Financial Services from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Citigroup Inc. set a $166.00 price objective on shares of Ameriprise Financial Services and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research raised shares of Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $156.00 price objective on the stock in a research report on Thursday, July 27th. Royal Bank Of Canada set a $149.00 price objective on shares of Ameriprise Financial Services and gave the company a “sector perform” rating in a research report on Wednesday, July 26th. Finally, Morgan Stanley increased their price objective on shares of Ameriprise Financial Services from $148.00 to $152.00 and gave the company an “overweight” rating in a research report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $147.09.

Ameriprise Financial Services, Inc. (AMP) opened at 142.92 on Friday. Ameriprise Financial Services, Inc. has a 52-week low of $86.25 and a 52-week high of $149.99. The stock has a market capitalization of $21.43 billion, a P/E ratio of 16.37 and a beta of 1.86. The company has a 50 day moving average of $140.53 and a 200-day moving average of $132.16.

Ameriprise Financial Services (NYSE:AMP) last posted its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.62 by $0.18. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.90 billion. Ameriprise Financial Services had a net margin of 11.81% and a return on equity of 26.54%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.23 earnings per share. Equities research analysts anticipate that Ameriprise Financial Services, Inc. will post $11.28 EPS for the current year.

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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.

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

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