Todd Asset Management LLC Sells 12,521 Shares of Ameriprise Financial Services, Inc. (AMP)

Todd Asset Management LLC cut its stake in Ameriprise Financial Services, Inc. (NYSE:AMP) by 4.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 274,098 shares of the financial services provider’s stock after selling 12,521 shares during the quarter. Ameriprise Financial Services comprises approximately 1.1% of Todd Asset Management LLC’s investment portfolio, making the stock its 20th biggest position. Todd Asset Management LLC owned about 0.19% of Ameriprise Financial Services worth $40,707,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of AMP. Montecito Bank & Trust increased its position in shares of 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 purchasing an additional 399 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Ameriprise Financial Services during the 2nd quarter worth about $25,127,000. Principal Financial Group Inc. increased its position in shares of 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 purchasing an additional 265,632 shares during the last quarter. Intrust Bank NA increased its position in shares of 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 purchasing an additional 12 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its position in shares of 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 purchasing an additional 10,662 shares during the last quarter. 81.45% of the stock is owned by institutional investors and hedge funds.

Shares of Ameriprise Financial Services, Inc. (NYSE AMP) traded down $0.06 during trading on Monday, reaching $157.16. The company had a trading volume of 405,687 shares, compared to its average volume of 1,046,243. Ameriprise Financial Services, Inc. has a 12 month low of $108.81 and a 12 month high of $163.04. The stock has a market cap of $23,257.55, a PE ratio of 13.37 and a beta of 1.92. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.82.

Ameriprise Financial Services (NYSE:AMP) last announced its quarterly earnings data 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 business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.97 billion. Ameriprise Financial Services had a return on equity of 29.75% 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 last year, the business posted $2.29 EPS. equities research analysts anticipate that Ameriprise Financial Services, Inc. will post 12.14 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 $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Friday, November 3rd. Ameriprise Financial Services’s payout ratio is presently 30.97%.

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A number of brokerages recently issued reports on AMP. 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. SunTrust Banks, Inc. raised 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. Morgan Stanley raised their target price on Ameriprise Financial Services from $152.00 to $162.00 and gave the company an “overweight” rating in a report on Thursday, October 5th. Zacks Investment Research upgraded Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $167.00 target price for the company in a report on Thursday, October 5th. Finally, Barclays PLC restated an “equal weight” rating on shares of Ameriprise Financial Services in a report on Monday, October 2nd. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Ameriprise Financial Services presently has a consensus rating of “Buy” and a consensus price target of $154.20.

In other news, CEO James M. Cracchiolo sold 2,428 shares of Ameriprise Financial Services stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $161.07, for a total value of $391,077.96. Following the completion of the transaction, the chief executive officer now owns 242,013 shares in the company, valued at approximately $38,981,033.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Charles Neal Maglaque sold 1,754 shares of Ameriprise Financial Services stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $161.01, for a total value 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 disclosure for this sale can be found here. Insiders sold a total of 99,167 shares of company stock valued at $15,244,202 in the last quarter. Company insiders own 1.50% 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.

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

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