BB&T Corp grew its position in Ameriprise Financial, Inc. (NYSE:AMP) by 2.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,595 shares of the financial services provider’s stock after acquiring an additional 1,061 shares during the period. BB&T Corp’s holdings in Ameriprise Financial were worth $7,028,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Welch & Forbes LLC boosted its holdings in shares of Ameriprise Financial by 3.1% during the 3rd quarter. Welch & Forbes LLC now owns 209,448 shares of the financial services provider’s stock worth $30,927,000 after buying an additional 6,217 shares during the period. Verity & Verity LLC bought a new stake in shares of Ameriprise Financial during the 3rd quarter worth about $2,132,000. Nisa Investment Advisors LLC boosted its holdings in shares of Ameriprise Financial by 0.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 60,937 shares of the financial services provider’s stock worth $8,998,000 after buying an additional 460 shares during the period. Raymond James Trust N.A. boosted its holdings in shares of Ameriprise Financial by 3.5% during the 3rd quarter. Raymond James Trust N.A. now owns 14,861 shares of the financial services provider’s stock worth $2,194,000 after buying an additional 499 shares during the period. Finally, Andra AP fonden boosted its holdings in shares of Ameriprise Financial by 5.1% during the 3rd quarter. Andra AP fonden now owns 70,200 shares of the financial services provider’s stock worth $10,366,000 after buying an additional 3,400 shares during the period. 81.60% of the stock is owned by institutional investors and hedge funds.

Shares of Ameriprise Financial stock opened at $135.86 on Friday. Ameriprise Financial, Inc. has a twelve month low of $129.87 and a twelve month high of $183.90. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $19.63 billion, a price-to-earnings ratio of 11.07 and a beta of 1.80.

Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings data on Tuesday, July 24th. The financial services provider reported $3.60 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.09. Ameriprise Financial had a net margin of 13.91% and a return on equity of 36.15%. The business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.12 billion. During the same quarter in the previous year, the company earned $2.80 EPS. The business’s revenue was up 5.7% on a year-over-year basis. As a group, equities research analysts expect that Ameriprise Financial, Inc. will post 14.73 EPS for the current fiscal year.

AMP has been the subject of several research analyst reports. Royal Bank of Canada set a $160.00 target price on shares of Ameriprise Financial and gave the stock a “hold” rating in a report on Friday, October 12th. Zacks Investment Research raised shares of Ameriprise Financial from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a report on Thursday, July 12th. ValuEngine downgraded shares of Ameriprise Financial from a “hold” rating to a “sell” rating in a report on Friday, July 20th. Sandler O’Neill set a $150.00 target price on shares of Ameriprise Financial and gave the stock a “hold” rating in a report on Monday, August 13th. Finally, Morgan Stanley lifted their target price on shares of Ameriprise Financial from $175.00 to $177.00 and gave the stock an “overweight” rating in a report on Wednesday, July 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $166.63.

About Ameriprise Financial

Ameriprise Financial, Inc, through its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through Advice & Wealth Management, Asset Management, Annuities, and Protection segments. The Advice & Wealth Management segment provides financial planning and advice, as well as full-service brokerage services primarily to retail clients through its advisors.

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

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