Virtu KCG Holdings LLC raised its position in shares of Ameriprise Financial Services, Inc. (NYSE:AMP) by 1,020.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,945 shares of the financial services provider’s stock after purchasing an additional 20,897 shares during the period. Virtu KCG Holdings LLC’s holdings in Ameriprise Financial Services were worth $2,921,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of AMP. Ameriprise Financial Inc. boosted its stake in Ameriprise Financial Services by 2.2% during the 1st quarter. Ameriprise Financial Inc. now owns 45,726 shares of the financial services provider’s stock valued at $5,928,000 after purchasing an additional 1,001 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its stake in Ameriprise Financial Services by 71.6% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 31,141 shares of the financial services provider’s stock valued at $4,038,000 after purchasing an additional 12,992 shares during the period. Tiedemann Wealth Management LLC acquired a new position in Ameriprise Financial Services during the 1st quarter valued at about $240,000. Oxford Asset Management acquired a new position in Ameriprise Financial Services during the 1st quarter valued at about $1,122,000. Finally, Baird Financial Group Inc. boosted its stake in Ameriprise Financial Services by 71.9% during the 1st quarter. Baird Financial Group Inc. now owns 15,408 shares of the financial services provider’s stock valued at $1,998,000 after purchasing an additional 6,445 shares during the period. 79.39% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Ameriprise Financial Services, Inc. (AMP) traded up 0.25% during mid-day trading on Monday, hitting $143.28. 160,053 shares of the stock were exchanged. The firm has a market cap of $21.48 billion, a price-to-earnings ratio of 16.41 and a beta of 1.86. The company’s 50-day moving average is $140.53 and its 200-day moving average is $132.16. Ameriprise Financial Services, Inc. has a 1-year low of $86.25 and a 1-year high of $149.99.

Ameriprise Financial Services (NYSE:AMP) last announced its earnings results on Tuesday, July 25th. The financial services provider reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.62 by $0.18. The business had revenue of $2.95 billion during 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 revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the company posted $2.23 EPS. Equities research analysts anticipate that Ameriprise Financial Services, Inc. will post $11.28 earnings per share for the current fiscal year.

In other Ameriprise Financial Services news, VP Karen Wilson Thissen sold 425 shares of the stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $145.15, for a total transaction of $61,688.75. Following the sale, the vice president now owns 10,956 shares of the company’s stock, valued at approximately $1,590,263.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman James M. Cracchiolo sold 13,418 shares of the stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $146.25, for a total transaction of $1,962,382.50. Following the sale, the chairman now directly owns 283,891 shares in the company, valued at approximately $41,519,058.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 185,966 shares of company stock worth $26,868,153. Insiders own 1.50% of the company’s stock.

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Ameriprise Financial Services 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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