AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) Shares Bought by Boston Advisors LLC

Boston Advisors LLC increased its stake in shares of AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) by 0.5% during the second quarter, according to its most recent filing with the SEC. The fund owned 123,330 shares of the financial services provider’s stock after buying an additional 580 shares during the period. Boston Advisors LLC owned 0.08% of AMERIPRISE FINANCIAL SERVICES, INC. worth $15,699,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in shares of AMERIPRISE FINANCIAL SERVICES, INC. by 0.5% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 828 shares of the financial services provider’s stock valued at $108,000 after buying an additional 4 shares in the last quarter. RMB Capital Management LLC raised its stake in shares of AMERIPRISE FINANCIAL SERVICES, INC. by 0.9% in the first quarter. RMB Capital Management LLC now owns 1,917 shares of the financial services provider’s stock valued at $249,000 after buying an additional 17 shares in the last quarter. Savant Capital LLC raised its stake in shares of AMERIPRISE FINANCIAL SERVICES, INC. by 0.7% in the first quarter. Savant Capital LLC now owns 3,067 shares of the financial services provider’s stock valued at $398,000 after buying an additional 20 shares in the last quarter. Dubuque Bank & Trust Co. raised its stake in shares of AMERIPRISE FINANCIAL SERVICES, INC. by 2.4% in the first quarter. Dubuque Bank & Trust Co. now owns 954 shares of the financial services provider’s stock valued at $124,000 after buying an additional 22 shares in the last quarter. Finally, Private Advisor Group LLC raised its stake in shares of AMERIPRISE FINANCIAL SERVICES, INC. by 1.1% in the first quarter. Private Advisor Group LLC now owns 2,608 shares of the financial services provider’s stock valued at $334,000 after buying an additional 28 shares in the last quarter. 81.72% of the stock is currently owned by institutional investors and hedge funds.

AMERIPRISE FINANCIAL SERVICES, INC. (NYSE AMP) traded up 1.03% during mid-day trading on Tuesday, hitting $148.80. 943,496 shares of the stock traded hands. The stock’s 50 day moving average is $134.69 and its 200-day moving average is $128.19. AMERIPRISE FINANCIAL SERVICES, INC. has a 12 month low of $86.25 and a 12 month high of $149.99. The company has a market cap of $22.36 billion, a price-to-earnings ratio of 17.04 and a beta of 1.86.

AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) last issued its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $2.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.62 by $0.18. The business had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.90 billion. AMERIPRISE FINANCIAL SERVICES, INC. had a net margin of 11.81% and a return on equity of 26.54%. AMERIPRISE FINANCIAL SERVICES, INC.’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.23 earnings per share. On average, equities research analysts anticipate that AMERIPRISE FINANCIAL SERVICES, INC. will post $11.29 EPS for the current year.

AMERIPRISE FINANCIAL SERVICES, INC. announced that its board has authorized a stock buyback program on Monday, April 24th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 12.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Monday, August 7th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 2.23%. The ex-dividend date is Thursday, August 3rd. AMERIPRISE FINANCIAL SERVICES, INC.’s payout ratio is currently 37.81%.

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A number of equities research analysts have recently commented on AMP shares. Citigroup Inc. set a $166.00 target price on AMERIPRISE FINANCIAL SERVICES, INC. and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded AMERIPRISE FINANCIAL SERVICES, INC. from a “hold” rating to a “buy” rating and set a $156.00 target price on the stock in a research report on Thursday, July 27th. BidaskClub upgraded AMERIPRISE FINANCIAL SERVICES, INC. from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Barclays PLC restated an “equal weight” rating and set a $130.00 target price (up from $127.00) on shares of AMERIPRISE FINANCIAL SERVICES, INC. in a research report on Tuesday, April 25th. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and issued a $127.00 price objective (up from $124.00) on shares of AMERIPRISE FINANCIAL SERVICES, INC. in a report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $145.64.

In other news, EVP Randy Kupper sold 2,987 shares of the company’s stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $130.24, for a total value of $389,026.88. Following the sale, the executive vice president now owns 30,969 shares of the company’s stock, valued at approximately $4,033,402.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman James M. Cracchiolo sold 13,418 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $146.25, for a total transaction of $1,962,382.50. Following the completion of the sale, the chairman now directly owns 283,891 shares in the company, valued at approximately $41,519,058.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 144,891 shares of company stock valued at $20,931,867. Corporate insiders own 1.50% of the company’s stock.

About AMERIPRISE FINANCIAL SERVICES, INC.

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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