Alyeska Investment Group L.P. grew its holdings in Ameriprise Financial Services, Inc. (NYSE:AMP) by 28.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 649,098 shares of the financial services provider’s stock after purchasing an additional 144,260 shares during the period. Alyeska Investment Group L.P. owned about 0.44% of Ameriprise Financial Services worth $96,398,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Victory Capital Management Inc. grew its holdings in shares of Ameriprise Financial Services by 499.6% in the third quarter. Victory Capital Management Inc. now owns 552,144 shares of the financial services provider’s stock worth $81,999,000 after acquiring an additional 460,058 shares during the period. Vanguard Group Inc. lifted its position in Ameriprise Financial Services by 2.7% during the second quarter. Vanguard Group Inc. now owns 12,744,678 shares of the financial services provider’s stock valued at $1,622,270,000 after purchasing an additional 340,206 shares in the last quarter. American Century Companies Inc. lifted its position in Ameriprise Financial Services by 21.6% during the second quarter. American Century Companies Inc. now owns 1,905,436 shares of the financial services provider’s stock valued at $242,543,000 after purchasing an additional 338,452 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in Ameriprise Financial Services by 147.7% during the third quarter. Canada Pension Plan Investment Board now owns 504,364 shares of the financial services provider’s stock valued at $74,903,000 after purchasing an additional 300,748 shares in the last quarter. Finally, Samlyn Capital LLC lifted its position in Ameriprise Financial Services by 238.1% during the second quarter. Samlyn Capital LLC now owns 413,106 shares of the financial services provider’s stock valued at $52,584,000 after purchasing an additional 290,921 shares in the last quarter. 81.74% of the stock is owned by institutional investors and hedge funds.

In other news, insider David Kent Stewart sold 603 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $160.72, for a total transaction of $96,914.16. Following the transaction, the insider now owns 20,081 shares of the company’s stock, valued at $3,227,418.32. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO James M. Cracchiolo sold 2,428 shares of the company’s 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 directly owns 242,013 shares in the company, valued at approximately $38,981,033.91. The disclosure for this sale can be found here. Insiders have sold 60,320 shares of company stock worth $9,640,592 over the last three months. 1.50% of the stock is currently owned by insiders.

AMP has been the topic of several analyst reports. Zacks Investment Research upgraded Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $167.00 target price on the stock in a research report on Thursday, October 5th. Morgan Stanley boosted their price objective on Ameriprise Financial Services from $152.00 to $162.00 and gave the company an “overweight” rating in a research report on Thursday, October 5th. Royal Bank Of Canada set a $149.00 price objective on Ameriprise Financial Services and gave the company a “hold” rating in a research report on Wednesday, October 18th. SunTrust Banks boosted their price objective on Ameriprise Financial Services from $140.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Finally, Barclays restated an “equal weight” rating on shares of Ameriprise Financial Services in a research report on Monday, October 2nd. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $154.20.

Shares of Ameriprise Financial Services, Inc. (NYSE AMP) opened at $167.60 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market capitalization of $24,374.43, a PE ratio of 14.01 and a beta of 1.93. Ameriprise Financial Services, Inc. has a 52-week low of $109.19 and a 52-week high of $168.29.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Monday, November 6th were paid a dividend of $0.83 per share. The ex-dividend date was Friday, November 3rd. This represents a $3.32 annualized dividend and a yield of 1.98%. Ameriprise Financial Services’s payout ratio is currently 30.97%.

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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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