149,900 Shares in Ameriprise Financial Services, Inc. (AMP) Purchased by Point72 Asset Management L.P.

Point72 Asset Management L.P. purchased a new position in shares of Ameriprise Financial Services, Inc. (NYSE:AMP) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 149,900 shares of the financial services provider’s stock, valued at approximately $22,262,000. Point72 Asset Management L.P. owned approximately 0.10% of Ameriprise Financial Services at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMP. U S Global Investors Inc. boosted its position in Ameriprise Financial Services by 16.3% during the third quarter. U S Global Investors Inc. now owns 4,000 shares of the financial services provider’s stock valued at $594,000 after purchasing an additional 562 shares in the last quarter. Janus Henderson Group PLC boosted its position in Ameriprise Financial Services by 27.6% during the third quarter. Janus Henderson Group PLC now owns 48,378 shares of the financial services provider’s stock valued at $7,185,000 after purchasing an additional 10,479 shares in the last quarter. Jane Street Group LLC bought a new stake in Ameriprise Financial Services during the third quarter valued at about $1,049,000. Cornerstone Capital Management Holdings LLC. boosted its position in Ameriprise Financial Services by 20.4% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 301,093 shares of the financial services provider’s stock valued at $44,715,000 after purchasing an additional 50,939 shares in the last quarter. Finally, Alyeska Investment Group L.P. boosted its position in Ameriprise Financial Services by 28.6% during the third quarter. Alyeska Investment Group L.P. now owns 649,098 shares of the financial services provider’s stock valued at $96,398,000 after purchasing an additional 144,260 shares in the last quarter. 81.74% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO James M. Cracchiolo sold 2,428 shares of the firm’s 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 directly owns 242,013 shares in the company, valued at $38,981,033.91. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Charles Neal Maglaque sold 1,754 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was 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 $2,366,363.97. The disclosure for this sale can be found here. In the last three months, insiders sold 67,649 shares of company stock valued at $10,882,637. Corporate insiders own 1.50% of the company’s stock.

A number of equities research analysts recently weighed in on the company. ValuEngine downgraded Ameriprise Financial Services from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. SunTrust Banks raised their price objective on Ameriprise Financial Services from $140.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Royal Bank of Canada set a $155.00 price objective on Ameriprise Financial Services and gave the company a “sector perform” rating in a research report on Wednesday, October 25th. Zacks Investment Research raised Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $167.00 price objective on the stock in a research report on Thursday, October 5th. Finally, Morgan Stanley raised their price objective on Ameriprise Financial Services from $152.00 to $162.00 and gave the company an “overweight” rating in a research report on Thursday, October 5th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Ameriprise Financial Services currently has an average rating of “Buy” and an average target price of $154.20.

Shares of Ameriprise Financial Services, Inc. (AMP) opened at $166.42 on Thursday. 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 firm has a market capitalization of $24,941.00, a PE ratio of 14.34 and a beta of 1.93. Ameriprise Financial Services, Inc. has a twelve month low of $109.19 and a twelve month high of $170.35.

Ameriprise Financial Services (NYSE:AMP) last issued its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $3.12 earnings per share for the quarter, topping the consensus estimate of $2.79 by $0.33. The business had revenue of $3 billion during 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 company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the company earned $2.29 earnings per share. sell-side analysts forecast that Ameriprise Financial Services, Inc. will post 12.14 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Monday, November 6th were issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend was Friday, November 3rd. Ameriprise Financial Services’s dividend payout ratio 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.

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

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