16,900 Shares in Ameriprise Financial Services, Inc. (AMP) Purchased by Lingohr & Partner Asset Management GmbH

Lingohr & Partner Asset Management GmbH bought a new position in shares of Ameriprise Financial Services, Inc. (NYSE:AMP) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 16,900 shares of the financial services provider’s stock, valued at approximately $2,675,000. Ameriprise Financial Services comprises 1.4% of Lingohr & Partner Asset Management GmbH’s holdings, making the stock its 13th largest holding.

A number of other large investors have also recently added to or reduced their stakes in AMP. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its holdings in shares of Ameriprise Financial Services by 0.7% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 834 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 6 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Ameriprise Financial Services by 17.5% in the 2nd quarter. Parallel Advisors LLC now owns 777 shares of the financial services provider’s stock worth $113,000 after purchasing an additional 116 shares during the last quarter. IHT Wealth Management LLC lifted its holdings in shares of Ameriprise Financial Services by 284.0% in the 2nd quarter. IHT Wealth Management LLC now owns 311 shares of the financial services provider’s stock worth $113,000 after purchasing an additional 230 shares during the last quarter. Sun Life Financial INC lifted its holdings in shares of Ameriprise Financial Services by 10,100.0% in the 2nd quarter. Sun Life Financial INC now owns 1,122 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 1,111 shares during the last quarter. Finally, Johnson Financial Group Inc. lifted its holdings in shares of Ameriprise Financial Services by 3.3% in the 2nd quarter. Johnson Financial Group Inc. now owns 1,181 shares of the financial services provider’s stock worth $150,000 after purchasing an additional 38 shares during the last quarter. 81.42% of the stock is currently owned by institutional investors.

Several analysts recently issued reports on AMP shares. Royal Bank Of Canada set a $155.00 price target on Ameriprise Financial Services and gave the stock a “sector perform” rating in a report on Wednesday, October 25th. SunTrust Banks, Inc. raised their price target on Ameriprise Financial Services from $140.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. Citigroup Inc. set a $166.00 price target on Ameriprise Financial Services and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Morgan Stanley raised their price target on Ameriprise Financial Services from $152.00 to $162.00 and gave the stock an “overweight” rating in a report on Thursday, October 5th. Finally, Zacks Investment Research downgraded Ameriprise Financial Services from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Ameriprise Financial Services has an average rating of “Buy” and an average target price of $154.20.

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Shares of Ameriprise Financial Services, Inc. (NYSE:AMP) traded down $1.83 during trading on Friday, reaching $157.22. The company’s stock had a trading volume of 580,000 shares, compared to its average volume of 809,139. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.82. The company has a market cap of $23,257.55, a P/E ratio of 13.37 and a beta of 1.92. Ameriprise Financial Services, Inc. has a 52-week low of $108.81 and a 52-week high of $163.04.

Ameriprise Financial Services (NYSE:AMP) last announced its earnings results on Tuesday, October 24th. The financial services provider reported $3.12 earnings per share for the quarter, beating the consensus estimate of $2.79 by $0.33. The firm had revenue of $3 billion for 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.29 EPS. equities research analysts predict that Ameriprise Financial Services, Inc. will post 12.14 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Monday, November 6th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 2.11%. The ex-dividend date is Friday, November 3rd. Ameriprise Financial Services’s payout ratio is currently 30.97%.

In other news, CEO James M. Cracchiolo sold 2,428 shares of Ameriprise Financial Services stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $161.07, for a total transaction of $391,077.96. Following the transaction, the chief executive officer now directly owns 242,013 shares in the company, valued at approximately $38,981,033.91. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman James M. Cracchiolo sold 39,450 shares of Ameriprise Financial Services stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $144.50, for a total value of $5,700,525.00. Following the transaction, the chairman now owns 260,887 shares in the company, valued at $37,698,171.50. The disclosure for this sale can be found here. Insiders have sold a total of 99,167 shares of company stock worth $15,244,202 in the last ninety days. 1.50% of the stock is owned by company insiders.

Ameriprise Financial Services 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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Institutional Ownership by Quarter for Ameriprise Financial Services (NYSE:AMP)

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