Ameriprise Financial Services, Inc. (NYSE:AMP) – William Blair boosted their Q2 2018 EPS estimates for Ameriprise Financial Services in a report released on Tuesday. William Blair analyst A. Klauber now anticipates that the financial services provider will post earnings per share of $3.23 for the quarter, up from their prior forecast of $3.17.

Other equities research analysts have also issued reports about the stock. Citigroup Inc. set a $166.00 target price on shares of Ameriprise Financial Services and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Morgan Stanley lifted their target price on shares of Ameriprise Financial Services from $152.00 to $162.00 and gave the company an “overweight” rating in a research report on Thursday. Zacks Investment Research lowered shares of Ameriprise Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. BidaskClub upgraded shares of Ameriprise Financial Services from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Finally, Barclays PLC lifted their target price on shares of Ameriprise Financial Services from $130.00 to $142.00 and gave the company an “equal weight” rating in a research report on Friday, August 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $149.31.

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Shares of Ameriprise Financial Services (NYSE:AMP) traded down 0.13% during mid-day trading on Friday, hitting $150.35. 131,187 shares of the stock were exchanged. The stock’s 50-day moving average is $140.72 and its 200-day moving average is $133.34. Ameriprise Financial Services has a 52 week low of $86.25 and a 52 week high of $151.98. The stock has a market capitalization of $22.54 billion, a price-to-earnings ratio of 17.22 and a beta of 1.88.

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

In related news, Chairman James M. Cracchiolo sold 97,545 shares of Ameriprise Financial Services stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $144.67, for a total value of $14,111,835.15. Following the transaction, the chairman now directly owns 474,139 shares of the company’s stock, valued at $68,593,689.13. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Karen Wilson Thissen sold 425 shares of Ameriprise Financial Services stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $145.15, for a total transaction of $61,688.75. Following the completion of the transaction, the vice president now directly owns 10,956 shares in the company, valued at $1,590,263.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 182,979 shares of company stock valued at $26,479,126. Company insiders own 1.50% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of AMP. BlackRock Inc. increased its stake in shares of Ameriprise Financial Services by 1,709.0% in the first quarter. BlackRock Inc. now owns 10,640,305 shares of the financial services provider’s stock worth $1,379,836,000 after buying an additional 10,052,130 shares during the period. FMR LLC increased its stake in shares of Ameriprise Financial Services by 115.7% in the first quarter. FMR LLC now owns 918,638 shares of the financial services provider’s stock worth $119,130,000 after buying an additional 492,785 shares during the period. Vanguard Group Inc. increased its stake in shares of Ameriprise Financial Services by 2.7% in the second quarter. Vanguard Group Inc. now owns 12,744,678 shares of the financial services provider’s stock worth $1,622,270,000 after buying an additional 340,206 shares during the period. American Century Companies Inc. increased its stake in shares of Ameriprise Financial Services by 21.6% in the second quarter. American Century Companies Inc. now owns 1,905,436 shares of the financial services provider’s stock worth $242,543,000 after buying an additional 338,452 shares during the period. Finally, Samlyn Capital LLC increased its stake 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 worth $52,584,000 after buying an additional 290,921 shares during the period. 79.39% of the stock is currently owned by institutional investors.

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.

Earnings History and Estimates for Ameriprise Financial Services (NYSE:AMP)

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