Ameriprise Financial Services, Inc. (AMP) Shares Bought by FDx Advisors Inc.

FDx Advisors Inc. increased its stake in shares of Ameriprise Financial Services, Inc. (NYSE:AMP) by 14.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,724 shares of the financial services provider’s stock after purchasing an additional 1,074 shares during the quarter. FDx Advisors Inc.’s holdings in Ameriprise Financial Services were worth $1,296,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in AMP. Victory Capital Management Inc. increased its position in Ameriprise Financial Services by 499.6% during the 3rd quarter. Victory Capital Management Inc. now owns 552,144 shares of the financial services provider’s stock worth $81,999,000 after purchasing an additional 460,058 shares in the last quarter. Vanguard Group Inc. increased its position in Ameriprise Financial Services by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 12,744,678 shares of the financial services provider’s stock worth $1,622,270,000 after purchasing an additional 340,206 shares in the last quarter. American Century Companies Inc. increased its position in Ameriprise Financial Services by 21.6% during the 2nd quarter. American Century Companies Inc. now owns 1,905,436 shares of the financial services provider’s stock worth $242,543,000 after purchasing an additional 338,452 shares in the last quarter. Canada Pension Plan Investment Board increased its position in Ameriprise Financial Services by 147.7% during the 3rd quarter. Canada Pension Plan Investment Board now owns 504,364 shares of the financial services provider’s stock worth $74,903,000 after purchasing an additional 300,748 shares in the last quarter. Finally, Samlyn Capital LLC increased its position in Ameriprise Financial Services by 238.1% during the 2nd quarter. Samlyn Capital LLC now owns 413,106 shares of the financial services provider’s stock worth $52,584,000 after purchasing an additional 290,921 shares in the last quarter. Institutional investors and hedge funds own 81.45% of the company’s stock.

Several equities analysts have issued reports on the stock. Royal Bank Of Canada set a $155.00 price target on shares of Ameriprise Financial Services and gave the company a “sector perform” rating in a research report on Wednesday, October 25th. SunTrust Banks, Inc. upped their price target on shares of Ameriprise Financial Services from $140.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Morgan Stanley upped their price target on shares of Ameriprise Financial Services from $152.00 to $162.00 and gave the company an “overweight” rating in a research report on Thursday, October 5th. Zacks Investment Research upgraded shares of Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $167.00 price target for the company in a research report on Thursday, October 5th. Finally, Barclays PLC restated an “equal weight” rating on shares of Ameriprise Financial Services in a research report on Monday, October 2nd. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $154.20.

In other news, Chairman James M. Cracchiolo sold 42,228 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $159.33, for a total transaction of $6,728,187.24. Following the completion of the sale, the chairman now directly owns 242,013 shares in the company, valued at $38,559,931.29. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Charles Neal Maglaque sold 1,754 shares of the stock in a transaction on Friday, October 27th. The stock was sold at an average price of $161.01, for a total transaction of $282,411.54. Following the sale, the chief operating officer now owns 14,697 shares of the company’s stock, valued at $2,366,363.97. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 59,717 shares of company stock valued at $9,543,677. 1.50% of the stock is currently owned by corporate insiders.

Ameriprise Financial Services, Inc. (NYSE AMP) traded down $0.21 on Wednesday, hitting $157.11. 686,300 shares of the stock traded hands, compared to its average volume of 1,042,490. Ameriprise Financial Services, Inc. has a 52 week low of $109.19 and a 52 week high of $163.04. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market capitalization of $23,272.35, a PE ratio of 13.38 and a beta of 1.92.

Ameriprise Financial Services (NYSE:AMP) last posted its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $3.12 earnings per share for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $2.97 billion. During the same period in the prior year, the company posted $2.29 earnings per share. Ameriprise Financial Services’s revenue for the quarter was up 6.3% compared to the same quarter last year. equities research analysts anticipate that Ameriprise Financial Services, Inc. will post 12.14 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Monday, November 6th will be given a dividend of $0.83 per share. 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 dividend payout ratio (DPR) is presently 30.97%.

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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.

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

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