Ameriprise Financial Services, Inc. (AMP) EVP Colin Moore Sells 4,285 Shares
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.
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