New York State Common Retirement Fund Increases Holdings in AMERIPRISE FINANCIAL SERVICES, INC. (AMP)

New York State Common Retirement Fund raised its position in shares of AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) by 8.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 350,500 shares of the financial services provider’s stock after buying an additional 26,799 shares during the quarter. New York State Common Retirement Fund owned about 0.23% of AMERIPRISE FINANCIAL SERVICES, INC. worth $44,615,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMP. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in AMERIPRISE FINANCIAL SERVICES, INC. by 0.7% during the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 834 shares of the financial services provider’s stock valued at $106,000 after buying an additional 6 shares in the last quarter. Parallel Advisors LLC raised its stake in AMERIPRISE FINANCIAL SERVICES, INC. by 17.5% during the second quarter. Parallel Advisors LLC now owns 777 shares of the financial services provider’s stock valued at $113,000 after buying an additional 116 shares in the last quarter. Mckinley Capital Management LLC Delaware acquired a new stake in AMERIPRISE FINANCIAL SERVICES, INC. during the first quarter valued at approximately $124,000. Meeder Asset Management Inc. acquired a new stake in AMERIPRISE FINANCIAL SERVICES, INC. during the first quarter valued at approximately $149,000. Finally, Johnson Financial Group Inc. raised its stake in AMERIPRISE FINANCIAL SERVICES, INC. by 3.3% during the second quarter. Johnson Financial Group Inc. now owns 1,181 shares of the financial services provider’s stock valued at $150,000 after buying an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 79.39% of the company’s stock.

Several analysts have issued reports on AMP shares. Zacks Investment Research upgraded AMERIPRISE FINANCIAL SERVICES, INC. from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a research note on Friday, September 1st. Morgan Stanley upped their price objective on AMERIPRISE FINANCIAL SERVICES, INC. from $148.00 to $152.00 and gave the company an “overweight” rating in a research note on Wednesday, July 26th. BidaskClub upgraded AMERIPRISE FINANCIAL SERVICES, INC. from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Royal Bank Of Canada set a $149.00 price objective on AMERIPRISE FINANCIAL SERVICES, INC. and gave the company a “sector perform” rating in a research note on Wednesday, July 26th. Finally, Barclays PLC upped their price objective on AMERIPRISE FINANCIAL SERVICES, INC. from $130.00 to $142.00 and gave the company an “equal weight” rating in a research note on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $147.09.

Shares of AMERIPRISE FINANCIAL SERVICES, INC. (NYSE AMP) opened at 142.92 on Friday. The firm has a market capitalization of $21.43 billion, a PE ratio of 16.37 and a beta of 1.86. AMERIPRISE FINANCIAL SERVICES, INC. has a 12 month low of $86.25 and a 12 month high of $149.99. The stock’s 50 day moving average price is $140.53 and its 200-day moving average price is $132.16.

AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) last released its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $2.80 earnings per share for the quarter, beating analysts’ consensus estimates of $2.62 by $0.18. The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.90 billion. AMERIPRISE FINANCIAL SERVICES, INC. had a return on equity of 26.54% and a net margin of 11.81%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.23 earnings per share. On average, equities analysts anticipate that AMERIPRISE FINANCIAL SERVICES, INC. will post $11.28 earnings per share for the current fiscal year.

In other AMERIPRISE FINANCIAL SERVICES, INC. news, Chairman James M. Cracchiolo sold 97,545 shares of AMERIPRISE FINANCIAL SERVICES, INC. stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $144.67, for a total transaction of $14,111,835.15. Following the sale, the chairman now directly owns 474,139 shares of the company’s stock, valued at $68,593,689.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kelli A. Hunter sold 1,500 shares of AMERIPRISE FINANCIAL SERVICES, INC. stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $144.59, for a total value of $216,885.00. Following the sale, the vice president now directly owns 27,356 shares in the company, valued at $3,955,404.04. The disclosure for this sale can be found here. Insiders have sold 185,966 shares of company stock worth $26,868,153 over the last ninety days. Company insiders own 1.50% of the company’s stock.

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AMERIPRISE FINANCIAL SERVICES, INC. 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.

Institutional Ownership by Quarter for AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP)

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