AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) CEO James M. Cracchiolo sold 2,428 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $161.07, for a total value of $391,077.96. Following the transaction, the chief executive officer now owns 242,013 shares of the company’s stock, valued at $38,981,033.91. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) opened at $157.22 on Friday. The stock has a market capitalization of $23,257.55, a price-to-earnings ratio of 13.37 and a beta of 1.92. AMERIPRISE FINANCIAL SERVICES, INC. has a 52-week low of $108.81 and a 52-week high of $163.04. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.67 and a quick ratio of 0.67.

AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) last issued its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $3.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.79 by $0.33. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.97 billion. AMERIPRISE FINANCIAL SERVICES, INC. had a return on equity of 29.75% and a net margin of 14.24%. AMERIPRISE FINANCIAL SERVICES, INC.’s revenue was up 6.3% on a year-over-year basis. During the same period last year, the company earned $2.29 earnings per share. analysts anticipate that AMERIPRISE FINANCIAL SERVICES, INC. will post 12.14 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Monday, November 6th will be given a $0.83 dividend. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $3.32 dividend on an annualized basis and a yield of 2.11%. AMERIPRISE FINANCIAL SERVICES, INC.’s dividend payout ratio is presently 30.97%.

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A number of institutional investors and hedge funds have recently modified their holdings of AMP. Thrivent Financial For Lutherans lifted its position in AMERIPRISE FINANCIAL SERVICES, INC. by 1.4% in the first quarter. Thrivent Financial For Lutherans now owns 5,660 shares of the financial services provider’s stock worth $734,000 after buying an additional 80 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in AMERIPRISE FINANCIAL SERVICES, INC. in the second quarter worth $382,000. Capstone Asset Management Co. lifted its position in AMERIPRISE FINANCIAL SERVICES, INC. by 3.4% in the second quarter. Capstone Asset Management Co. now owns 14,416 shares of the financial services provider’s stock worth $1,835,000 after buying an additional 471 shares during the last quarter. Fulton Bank N.A. lifted its position in AMERIPRISE FINANCIAL SERVICES, INC. by 47.9% in the second quarter. Fulton Bank N.A. now owns 4,635 shares of the financial services provider’s stock worth $590,000 after buying an additional 1,501 shares during the last quarter. Finally, Pennsylvania Trust Co bought a new stake in AMERIPRISE FINANCIAL SERVICES, INC. in the second quarter worth $2,687,000. Institutional investors own 81.42% of the company’s stock.

A number of research analysts have recently commented on the company. SunTrust Banks, Inc. increased their target price on AMERIPRISE FINANCIAL SERVICES, INC. from $140.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Royal Bank Of Canada set a $155.00 target price on AMERIPRISE FINANCIAL SERVICES, INC. and gave the company a “sector perform” rating in a research report on Wednesday, October 25th. Zacks Investment Research upgraded AMERIPRISE FINANCIAL SERVICES, INC. from a “hold” rating to a “buy” rating and set a $167.00 target price for the company in a research report on Thursday, October 5th. Morgan Stanley increased their target price on AMERIPRISE FINANCIAL SERVICES, INC. from $152.00 to $162.00 and gave the company an “overweight” rating in a research report on Thursday, October 5th. Finally, Barclays PLC reiterated an “equal weight” rating on shares of AMERIPRISE FINANCIAL SERVICES, INC. in a research report on Monday, October 2nd. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $154.20.

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.

Insider Buying and Selling by Quarter for AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP)

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