AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) – Equities researchers at William Blair increased their Q3 2017 earnings per share (EPS) estimates for shares of AMERIPRISE FINANCIAL SERVICES, INC. in a note issued to investors on Tuesday. William Blair analyst A. Klauber now forecasts that the financial services provider will post earnings of $2.89 per share for the quarter, up from their previous estimate of $2.68. William Blair also issued estimates for AMERIPRISE FINANCIAL SERVICES, INC.’s Q4 2017 earnings at $2.98 EPS, FY2017 earnings at $11.36 EPS, Q1 2018 earnings at $3.15 EPS, Q3 2018 earnings at $3.34 EPS, Q4 2018 earnings at $3.54 EPS, FY2018 earnings at $13.25 EPS and FY2019 earnings at $15.50 EPS.

AMP has been the topic of several other reports. Royal Bank Of Canada set a $149.00 price target on shares of AMERIPRISE FINANCIAL SERVICES, INC. and gave the company a “sector perform” rating in a report on Wednesday, July 26th. BidaskClub cut shares of AMERIPRISE FINANCIAL SERVICES, INC. from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 19th. Morgan Stanley upped their price objective on shares of AMERIPRISE FINANCIAL SERVICES, INC. from $148.00 to $152.00 and gave the stock an “overweight” rating in a report on Wednesday, July 26th. Zacks Investment Research upgraded shares of AMERIPRISE FINANCIAL SERVICES, INC. from a “hold” rating to a “buy” rating and set a $157.00 price objective for the company in a report on Monday, September 18th. Finally, Citigroup Inc. set a $166.00 price objective on shares of AMERIPRISE FINANCIAL SERVICES, INC. and gave the stock a “buy” rating in a report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $147.09.

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AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) opened at 149.87 on Thursday. The stock has a market capitalization of $22.47 billion, a price-to-earnings ratio of 17.17 and a beta of 1.88. AMERIPRISE FINANCIAL SERVICES, INC. has a 12 month low of $86.25 and a 12 month high of $151.03. The company has a 50 day moving average price of $140.51 and a 200 day moving average price of $133.22.

AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) last issued its earnings results on Tuesday, July 25th. The financial services provider reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.62 by $0.18. The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.90 billion. AMERIPRISE FINANCIAL SERVICES, INC. had a return on equity of 26.54% and a net margin of 11.81%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the company posted $2.23 EPS.

Institutional investors and hedge funds have recently made changes to their positions in the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in AMERIPRISE FINANCIAL SERVICES, INC. by 0.7% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 834 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 6 shares in the last quarter. Parallel Advisors LLC raised its position in AMERIPRISE FINANCIAL SERVICES, INC. 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 in the last quarter. IHT Wealth Management LLC raised its position in AMERIPRISE FINANCIAL SERVICES, INC. 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 in the last quarter. Sun Life Financial INC raised its position in AMERIPRISE FINANCIAL SERVICES, INC. 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 in the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in AMERIPRISE FINANCIAL SERVICES, INC. in the first quarter worth about $149,000. 79.39% of the stock is owned by institutional investors and hedge funds.

In other news, Chairman James M. Cracchiolo sold 39,450 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $144.50, for a total transaction of $5,700,525.00. Following the completion of the transaction, the chairman now owns 260,887 shares of the company’s stock, valued at $37,698,171.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William F. Truscott sold 19,768 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $144.43, for a total transaction of $2,855,092.24. Following the transaction, the chief executive officer now directly owns 70,693 shares of the company’s stock, valued at approximately $10,210,189.99. The disclosure for this sale can be found here. Insiders have sold 182,979 shares of company stock valued at $26,479,126 in the last ninety days. 1.50% of the stock is owned by company insiders.

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.

Earnings History and Estimates for AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP)

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