Ameriprise Financial Services, Inc. (NYSE:AMP) insider Joseph Edward Sweeney sold 7,329 shares of Ameriprise Financial Services stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $169.47, for a total value of $1,242,045.63. Following the completion of the sale, the insider now owns 37,991 shares of the company’s stock, valued at $6,438,334.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Ameriprise Financial Services, Inc. (AMP) opened at $165.45 on Friday. Ameriprise Financial Services, Inc. has a 1-year low of $109.19 and a 1-year high of $170.35. The stock has a market capitalization of $24,618.51, a price-to-earnings ratio of 14.15 and a beta of 1.93. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.82.

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

The business also recently declared a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Monday, November 6th were issued 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 2.01%. Ameriprise Financial Services’s dividend payout ratio (DPR) is currently 30.97%.

Institutional investors have recently made changes to their positions in the stock. IHT Wealth Management LLC boosted its position in Ameriprise Financial Services by 284.0% in the second quarter. IHT Wealth Management LLC now owns 311 shares of the financial services provider’s stock worth $113,000 after purchasing an additional 230 shares during the last quarter. Parallel Advisors LLC boosted its position in Ameriprise Financial Services by 17.5% in the second quarter. Parallel Advisors LLC now owns 777 shares of the financial services provider’s stock worth $113,000 after purchasing an additional 116 shares during the last quarter. Sun Life Financial INC boosted its position in Ameriprise Financial Services by 10,100.0% in the second quarter. Sun Life Financial INC now owns 1,122 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 1,111 shares during the last quarter. Johnson Financial Group Inc. boosted its position in Ameriprise Financial Services by 3.3% in the second quarter. Johnson Financial Group Inc. now owns 1,181 shares of the financial services provider’s stock worth $150,000 after purchasing an additional 38 shares during the last quarter. Finally, Wesbanco Bank Inc. purchased a new position in Ameriprise Financial Services in the third quarter worth $200,000. Institutional investors and hedge funds own 81.74% of the company’s stock.

Several research firms have recently commented on AMP. Zacks Investment Research downgraded Ameriprise Financial Services from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. BidaskClub downgraded Ameriprise Financial Services from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 19th. Barclays restated an “equal weight” rating on shares of Ameriprise Financial Services in a report on Monday, October 2nd. ValuEngine downgraded Ameriprise Financial Services from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Finally, 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 report on Thursday, October 26th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $154.20.

COPYRIGHT VIOLATION NOTICE: “Insider Selling: Ameriprise Financial Services, Inc. (AMP) Insider Sells $1,242,045.63 in Stock” was reported by Daily Political and is owned by of Daily Political. If you are viewing this story on another publication, it was illegally copied and republished in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://www.dailypolitical.com/2017/12/15/insider-selling-ameriprise-financial-services-inc-amp-insider-sells-1242045-63-in-stock.html.

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.

Insider Buying and Selling by Quarter for Ameriprise Financial Services (NYSE:AMP)

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