Ameriprise Financial Services, Inc. (NYSE:AMP) COO Charles Neal Maglaque sold 1,754 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $161.01, for a total transaction of $282,411.54. Following the completion of the transaction, the chief operating officer now owns 14,697 shares of the company’s stock, valued at approximately $2,366,363.97. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Ameriprise Financial Services, Inc. (NYSE:AMP) traded down 1.11% on Tuesday, reaching $156.54. 624,542 shares of the company’s stock traded hands. Ameriprise Financial Services, Inc. has a 12 month low of $86.25 and a 12 month high of $163.04. The firm’s 50-day moving average is $148.66 and its 200 day moving average is $136.66. The firm has a market cap of $23.47 billion, a PE ratio of 17.93 and a beta of 1.88.

Ameriprise Financial Services (NYSE:AMP) last released its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $3.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.79 by $0.33. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $2.97 billion. Ameriprise Financial Services had a return on equity of 29.20% and a net margin of 14.24%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.29 earnings per share. Equities analysts predict that Ameriprise Financial Services, Inc. will post $11.98 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Monday, November 6th will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Friday, November 3rd. Ameriprise Financial Services’s dividend payout ratio (DPR) is presently 30.97%.

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A number of research analysts recently issued reports on AMP shares. SunTrust Banks, Inc. raised their price objective on shares of Ameriprise Financial Services from $140.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, October 26th. Zacks Investment Research lowered shares of Ameriprise Financial Services from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Royal Bank Of Canada set a $149.00 price target on shares of Ameriprise Financial Services and gave the stock a “sector perform” rating in a report on Wednesday, July 26th. BidaskClub lowered shares of Ameriprise Financial Services from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 19th. Finally, Barclays PLC restated an “equal weight” rating on shares of Ameriprise Financial Services in a report on Monday, October 2nd. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $154.20.

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Ameriprise Financial Services by 2.7% during the second quarter. Vanguard Group Inc. now owns 12,744,678 shares of the financial services provider’s stock valued at $1,622,270,000 after acquiring an additional 340,206 shares in the last quarter. LSV Asset Management raised its holdings in shares of Ameriprise Financial Services by 4.4% during the second quarter. LSV Asset Management now owns 2,739,924 shares of the financial services provider’s stock valued at $348,764,000 after acquiring an additional 116,706 shares in the last quarter. Aristotle Capital Management LLC raised its holdings in shares of Ameriprise Financial Services by 0.3% during the first quarter. Aristotle Capital Management LLC now owns 2,360,259 shares of the financial services provider’s stock valued at $306,078,000 after acquiring an additional 6,399 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Ameriprise Financial Services by 21.6% during the second quarter. American Century Companies Inc. now owns 1,905,436 shares of the financial services provider’s stock valued at $242,543,000 after acquiring an additional 338,452 shares in the last quarter. Finally, Numeric Investors LLC raised its holdings in shares of Ameriprise Financial Services by 1.6% during the second quarter. Numeric Investors LLC now owns 1,151,413 shares of the financial services provider’s stock valued at $146,563,000 after acquiring an additional 17,700 shares in the last quarter. Institutional investors own 80.10% 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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