Ameriprise Financial Services, Inc. (NYSE:AMP) insider Joseph Edward Sweeney sold 7,329 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $169.47, for a total value of $1,242,045.63. Following the transaction, the insider now owns 37,991 shares of the company’s stock, valued at $6,438,334.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Ameriprise Financial Services, Inc. (NYSE AMP) traded up $0.82 on Tuesday, reaching $168.60. The company’s stock had a trading volume of 831,892 shares, compared to its average volume of 1,027,917. The firm has a market capitalization of $25,127.39, a P/E ratio of 14.44 and a beta of 1.93. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.67 and a quick ratio of 0.67. Ameriprise Financial Services, Inc. has a 12-month low of $109.19 and a 12-month high of $170.35.

Ameriprise Financial Services (NYSE:AMP) last released its earnings results on Tuesday, October 24th. The financial services provider reported $3.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.79 by $0.33. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.97 billion. Ameriprise Financial Services had a return on equity of 29.75% and a net margin of 14.24%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.29 earnings per share. research analysts predict that Ameriprise Financial Services, Inc. will post 12.14 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Monday, November 6th were given a $0.83 dividend. The ex-dividend date was Friday, November 3rd. This represents a $3.32 dividend on an annualized basis and a yield of 1.97%. Ameriprise Financial Services’s dividend payout ratio (DPR) is 30.97%.

Several equities analysts have recently issued reports on the company. ValuEngine downgraded Ameriprise Financial Services from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. SunTrust Banks boosted their price objective on Ameriprise Financial Services from $140.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Royal Bank of Canada set a $155.00 price objective on Ameriprise Financial Services and gave the stock a “sector perform” rating in a research report on Wednesday, October 25th. Zacks Investment Research upgraded Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $167.00 price objective for the company in a research report on Thursday, October 5th. Finally, Morgan Stanley boosted their price objective on Ameriprise Financial Services from $152.00 to $162.00 and gave the stock an “overweight” rating in a research report on Thursday, October 5th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Ameriprise Financial Services has a consensus rating of “Buy” and an average target price of $154.20.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings 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 valued at $1,622,270,000 after buying an additional 340,206 shares in the last quarter. LSV Asset Management increased its holdings in shares of Ameriprise Financial Services by 4.4% in 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 buying an additional 116,706 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Ameriprise Financial Services by 4.1% in the third quarter. Wells Fargo & Company MN now owns 2,195,435 shares of the financial services provider’s stock valued at $326,044,000 after buying an additional 86,514 shares in the last quarter. American Century Companies Inc. increased its holdings 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 valued at $242,543,000 after buying an additional 338,452 shares in the last quarter. Finally, Numeric Investors LLC increased its holdings in shares of Ameriprise Financial Services by 1.6% in 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 buying an additional 17,700 shares in the last quarter. Hedge funds and other institutional investors own 81.74% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This story was published by American Banking News and is the sole property of of American Banking News. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright law. The legal version of this story can be read at https://www.americanbankingnews.com/2017/12/12/ameriprise-financial-services-inc-amp-insider-joseph-edward-sweeney-sells-7329-shares.html.

About Ameriprise Financial Services

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)

Receive News & Ratings for Ameriprise Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameriprise Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.