Insider Selling: Ameriprise Financial Services, Inc. (NYSE:AMP) EVP Sells 4,285 Shares of Stock

Ameriprise Financial Services, Inc. (NYSE:AMP) EVP Colin Moore sold 4,285 shares of Ameriprise Financial Services stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $161.09, for a total value of $690,270.65. Following the completion of the transaction, the executive vice president now owns 73,690 shares of the company’s stock, valued at $11,870,722.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ameriprise Financial Services, Inc. (NYSE:AMP) opened at $157.11 on Wednesday. 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 twelve month low of $109.19 and a twelve month high of $163.04. The stock has a market capitalization of $23,272.35, a price-to-earnings ratio of 13.38 and a beta of 1.92.

Ameriprise Financial Services (NYSE:AMP) last announced its earnings results 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. Ameriprise Financial Services had a net margin of 14.24% and a return on equity of 29.75%. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same period in the previous year, the business earned $2.29 EPS. The company’s revenue was up 6.3% on a year-over-year basis. equities research analysts forecast that Ameriprise Financial Services, Inc. will post 12.14 EPS for the current fiscal year.

The company 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 dividend payout ratio (DPR) is currently 30.97%.

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Several hedge funds and other institutional investors have recently bought and sold shares of AMP. Thrivent Financial For Lutherans increased its stake in shares of Ameriprise Financial Services by 1.4% in the first quarter. Thrivent Financial For Lutherans now owns 5,660 shares of the financial services provider’s stock worth $734,000 after acquiring an additional 80 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Ameriprise Financial Services in the first quarter worth $240,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Ameriprise Financial Services in the first quarter worth $616,000. Cambria Investment Management L.P. increased its stake in shares of Ameriprise Financial Services by 1.2% in the first quarter. Cambria Investment Management L.P. now owns 12,307 shares of the financial services provider’s stock worth $1,596,000 after acquiring an additional 150 shares during the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of Ameriprise Financial Services by 25.5% in the first quarter. HighTower Advisors LLC now owns 15,958 shares of the financial services provider’s stock worth $2,071,000 after acquiring an additional 3,243 shares during the last quarter. 81.45% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have commented on AMP shares. Zacks Investment Research upgraded Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $155.00 target price for the company in a research note on Friday, September 1st. Citigroup Inc. set a $166.00 price objective on Ameriprise Financial Services and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. BidaskClub downgraded Ameriprise Financial Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 19th. Barclays PLC reiterated an “equal weight” rating on shares of Ameriprise Financial Services in a research report on Monday, October 2nd. Finally, Royal Bank Of Canada set a $149.00 target price on Ameriprise Financial Services and gave the stock a “hold” rating in a research report on Wednesday, October 18th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $154.20.

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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