State Street Corp Sells 187,678 Shares of Ameriprise Financial Services, Inc. (AMP)

State Street Corp decreased its position in shares of Ameriprise Financial Services, Inc. (NYSE:AMP) by 2.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,136,524 shares of the financial services provider’s stock after selling 187,678 shares during the period. State Street Corp owned approximately 4.76% of Ameriprise Financial Services worth $908,401,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of 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. BlackRock Inc. grew its holdings in shares of Ameriprise Financial Services by 1,709.0% during the 1st quarter. BlackRock Inc. now owns 10,640,305 shares of the financial services provider’s stock worth $1,379,836,000 after purchasing an additional 10,052,130 shares in the last quarter. LSV Asset Management grew its holdings in shares of Ameriprise Financial Services by 4.4% during the 2nd quarter. LSV Asset Management now owns 2,739,924 shares of the financial services provider’s stock worth $348,764,000 after purchasing an additional 116,706 shares in the last quarter. Aristotle Capital Management LLC grew its holdings in shares of Ameriprise Financial Services by 0.3% during the 1st quarter. Aristotle Capital Management LLC now owns 2,360,259 shares of the financial services provider’s stock worth $306,078,000 after purchasing an additional 6,399 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of 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. Hedge funds and other institutional investors own 79.39% of the company’s stock.

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In other Ameriprise Financial Services news, insider David Kent Stewart sold 4,945 shares of the company’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $144.21, for a total value of $713,118.45. Following the transaction, the insider now directly owns 21,969 shares in the company, valued at approximately $3,168,149.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Kelli A. Hunter sold 1,500 shares of the company’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $144.59, for a total value of $216,885.00. Following the completion of the transaction, the vice president now owns 27,356 shares in the company, valued at $3,955,404.04. The disclosure for this sale can be found here. Insiders sold a total of 182,979 shares of company stock worth $26,479,126 over the last 90 days. Corporate insiders own 1.50% of the company’s stock.

Ameriprise Financial Services, Inc. (NYSE AMP) traded down 0.275% during mid-day trading on Monday, reaching $150.575. The company had a trading volume of 38,394 shares. The stock has a market capitalization of $22.58 billion, a P/E ratio of 17.246 and a beta of 1.88. Ameriprise Financial Services, Inc. has a 12-month low of $86.25 and a 12-month high of $151.98. The stock has a 50 day moving average price of $141.07 and a 200-day moving average price of $133.49.

Ameriprise Financial Services (NYSE:AMP) last announced its earnings results on Tuesday, July 25th. The financial services provider reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.62 by $0.18. The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.90 billion. Ameriprise Financial Services had a return on equity of 26.54% and a net margin of 11.81%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.23 EPS. Equities analysts anticipate that Ameriprise Financial Services, Inc. will post $11.28 EPS for the current fiscal year.

Several research firms have recently issued reports on AMP. Morgan Stanley increased their target price on Ameriprise Financial Services from $152.00 to $162.00 and gave the stock an “overweight” rating in a report on Thursday. Zacks Investment Research raised Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $167.00 target price on the stock in a report on Thursday. Barclays PLC reissued an “equal weight” rating on shares of Ameriprise Financial Services in a report on Monday, October 2nd. BidaskClub raised Ameriprise Financial Services from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Finally, Citigroup Inc. set a $166.00 target price on Ameriprise Financial Services and gave the stock a “buy” rating in a report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. Ameriprise Financial Services currently has a consensus rating of “Hold” and an average price target of $149.31.

About Ameriprise Financial Services

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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