Ameriprise Financial Services, Inc. (NYSE:AMP) EVP Colin Moore sold 4,285 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $161.09, for a total transaction of $690,270.65. Following the transaction, the executive vice president now directly owns 73,690 shares in the company, valued at $11,870,722.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Ameriprise Financial Services, Inc. (NYSE AMP) traded down 1.44% during mid-day trading on Monday, hitting $158.30. 894,927 shares of the company traded hands. Ameriprise Financial Services, Inc. has a one year low of $86.25 and a one year high of $163.04. The firm has a 50 day moving average of $147.95 and a 200 day moving average of $136.31. The firm has a market capitalization of $23.74 billion, a P/E ratio of 18.13 and a beta of 1.88.

Ameriprise Financial Services (NYSE:AMP) last posted its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $3.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.79 by $0.33. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $2.97 billion. Ameriprise Financial Services had a net margin of 14.24% and a return on equity of 29.20%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.29 earnings per share. Equities research analysts expect that Ameriprise Financial Services, Inc. will post $11.90 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Monday, November 6th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Friday, November 3rd. Ameriprise Financial Services’s dividend payout ratio (DPR) is presently 30.97%.

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Several research analysts have recently commented on the stock. Royal Bank Of Canada set a $155.00 target price on shares of Ameriprise Financial Services and gave the stock a “sector perform” rating in a report on Wednesday, October 25th. SunTrust Banks, Inc. raised their target price on shares of Ameriprise Financial Services from $140.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday. Morgan Stanley raised their target price on shares of Ameriprise Financial Services from $152.00 to $162.00 and gave the stock an “overweight” rating in a report on Thursday, October 5th. Zacks Investment Research raised shares of Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $167.00 target price on the stock in a report on Thursday, October 5th. Finally, Barclays PLC reaffirmed an “equal weight” rating on shares of Ameriprise Financial Services in a report on Monday, October 2nd. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Ameriprise Financial Services presently has a consensus rating of “Buy” and an average price target of $154.20.

Institutional investors have recently bought and sold shares of the stock. Montecito Bank & Trust increased its holdings in Ameriprise Financial Services by 19.5% during the 3rd quarter. Montecito Bank & Trust now owns 2,443 shares of the financial services provider’s stock worth $363,000 after acquiring an additional 399 shares during the period. Principal Financial Group Inc. increased its holdings in Ameriprise Financial Services by 109.3% during the 2nd quarter. Principal Financial Group Inc. now owns 508,733 shares of the financial services provider’s stock worth $64,757,000 after acquiring an additional 265,632 shares during the period. Intrust Bank NA increased its holdings in Ameriprise Financial Services by 0.7% during the 2nd quarter. Intrust Bank NA now owns 1,793 shares of the financial services provider’s stock worth $228,000 after acquiring an additional 12 shares during the period. First Eagle Investment Management LLC increased its holdings in Ameriprise Financial Services by 100.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 21,324 shares of the financial services provider’s stock worth $2,714,000 after acquiring an additional 10,662 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Ameriprise Financial Services during the 2nd quarter worth approximately $25,127,000. 80.10% of the stock is currently owned by institutional investors and hedge funds.

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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