Ameriprise Financial Services, Inc. (NYSE:AMP) VP Karen Wilson Thissen sold 425 shares of the stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $145.15, for a total value of $61,688.75. Following the completion of the sale, the vice president now owns 10,956 shares of the company’s stock, valued at $1,590,263.40. The sale was disclosed in a filing with the SEC, which is available at this link.

Ameriprise Financial Services, Inc. (AMP) traded up 1.24% during trading on Monday, reaching $145.14. 723,908 shares of the company’s stock were exchanged. Ameriprise Financial Services, Inc. has a 1-year low of $86.25 and a 1-year high of $149.99. The company has a market capitalization of $21.76 billion, a PE ratio of 16.62 and a beta of 1.86. The company’s 50-day moving average is $137.63 and its 200-day moving average is $129.80.

Ameriprise Financial Services (NYSE:AMP) last announced its earnings results on Tuesday, July 25th. The financial services provider reported $2.80 EPS for the quarter, topping the consensus estimate of $2.62 by $0.18. The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.90 billion. Ameriprise Financial Services had a net margin of 11.81% and a return on equity of 26.54%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.23 EPS. Equities research analysts expect that Ameriprise Financial Services, Inc. will post $11.30 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Monday, August 7th will be issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $3.32 annualized dividend and a yield of 2.29%. Ameriprise Financial Services’s dividend payout ratio (DPR) is presently 37.81%.

Ameriprise Financial Services declared that its Board of Directors has approved a stock repurchase program on Monday, April 24th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 12.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

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AMP has been the subject of several recent research reports. Citigroup Inc. set a $166.00 price target on Ameriprise Financial Services and gave the company a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research downgraded Ameriprise Financial Services from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. BidaskClub upgraded Ameriprise Financial Services from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Barclays PLC increased their price target on Ameriprise Financial Services from $130.00 to $142.00 and gave the company an “equal weight” rating in a report on Friday. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and issued a $127.00 price target (up from $124.00) on shares of Ameriprise Financial Services in a report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Ameriprise Financial Services has an average rating of “Buy” and a consensus target price of $146.98.

A number of hedge funds and other institutional investors have recently made changes to their positions in AMP. FTB Advisors Inc. increased its position in shares of Ameriprise Financial Services by 0.5% in the second quarter. FTB Advisors Inc. now owns 57,061 shares of the financial services provider’s stock valued at $7,575,000 after buying an additional 268 shares during the period. Janus Henderson Group PLC increased its position in shares of Ameriprise Financial Services by 29.9% in the second quarter. Janus Henderson Group PLC now owns 37,899 shares of the financial services provider’s stock valued at $4,825,000 after buying an additional 8,734 shares during the period. Flinton Capital Management LLC increased its position in shares of Ameriprise Financial Services by 40.4% in the second quarter. Flinton Capital Management LLC now owns 69,394 shares of the financial services provider’s stock valued at $8,833,000 after buying an additional 19,958 shares during the period. Samlyn Capital LLC increased its position in shares of Ameriprise Financial Services by 238.1% in the second quarter. Samlyn Capital LLC now owns 413,106 shares of the financial services provider’s stock valued at $52,584,000 after buying an additional 290,921 shares during the period. Finally, Punch & Associates Investment Management Inc. increased its position in shares of Ameriprise Financial Services by 21.3% in the second quarter. Punch & Associates Investment Management Inc. now owns 46,399 shares of the financial services provider’s stock valued at $5,906,000 after buying an additional 8,155 shares during the period. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Ameriprise Financial Services 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 (NYSE:AMP)

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