10,777 Shares in Ameriprise Financial Services, Inc. (AMP) Purchased by Putnam FL Investment Management Co.

Putnam FL Investment Management Co. acquired a new stake in shares of Ameriprise Financial Services, Inc. (NYSE:AMP) during the third quarter, according to its most recent filing with the SEC. The fund acquired 10,777 shares of the financial services provider’s stock, valued at approximately $1,600,000.

Other large investors also recently added to or reduced their stakes in the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in shares of Ameriprise Financial Services by 0.7% during the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 834 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 6 shares during the period. Parallel Advisors LLC raised its stake in shares of Ameriprise Financial Services by 17.5% during the 2nd quarter. Parallel Advisors LLC now owns 777 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 116 shares during the period. IHT Wealth Management LLC raised its stake in shares of Ameriprise Financial Services by 284.0% during the 2nd quarter. IHT Wealth Management LLC now owns 311 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 230 shares during the period. Sun Life Financial INC raised its stake in shares of Ameriprise Financial Services by 10,100.0% during the 2nd quarter. Sun Life Financial INC now owns 1,122 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 1,111 shares during the period. Finally, Johnson Financial Group Inc. raised its stake in shares of Ameriprise Financial Services by 3.3% during the 2nd quarter. Johnson Financial Group Inc. now owns 1,181 shares of the financial services provider’s stock valued at $150,000 after purchasing an additional 38 shares during the period. Institutional investors own 81.45% of the company’s stock.

In other news, EVP Colin Moore sold 4,285 shares of the stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $161.09, for a total transaction of $690,270.65. Following the transaction, the executive vice president now directly owns 73,690 shares in the company, valued at approximately $11,870,722.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James M. Cracchiolo sold 2,428 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $161.07, for a total value of $391,077.96. Following the transaction, the chief executive officer now owns 242,013 shares in the company, valued at $38,981,033.91. The disclosure for this sale can be found here. Insiders have sold a total of 59,717 shares of company stock worth $9,543,677 over the last quarter. Corporate insiders own 1.50% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “10,777 Shares in Ameriprise Financial Services, Inc. (AMP) Purchased by Putnam FL Investment Management Co.” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this report can be read at https://ledgergazette.com/2017/11/17/10777-shares-in-ameriprise-financial-services-inc-amp-purchased-by-putnam-fl-investment-management-co.html.

Shares of Ameriprise Financial Services, Inc. (NYSE:AMP) traded down $0.31 during midday trading on Friday, reaching $157.08. The company’s stock had a trading volume of 800,900 shares, compared to its average volume of 1,040,167. The company has a market cap of $23,280.00, a price-to-earnings ratio of 13.38 and a beta of 1.92. 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 fifty-two week low of $109.19 and a fifty-two week high of $163.04.

Ameriprise Financial Services (NYSE:AMP) last announced its earnings results on Tuesday, October 24th. The financial services provider reported $3.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.79 by $0.33. The business had revenue of $3 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the company earned $2.29 EPS. sell-side analysts expect that Ameriprise Financial Services, Inc. will post 12.14 EPS for the current fiscal year.

The firm 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 $0.83 dividend. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $3.32 dividend on an annualized basis and a yield of 2.11%. Ameriprise Financial Services’s dividend payout ratio is currently 31.00%.

A number of analysts recently issued reports on the company. Zacks Investment Research lowered Ameriprise Financial Services from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. Royal Bank Of Canada set a $149.00 price objective on Ameriprise Financial Services and gave the company a “hold” rating in a research note on Wednesday, October 18th. BidaskClub upgraded Ameriprise Financial Services from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 4th. Citigroup Inc. set a $166.00 price objective on Ameriprise Financial Services and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Finally, Barclays PLC boosted their price objective on Ameriprise Financial Services from $130.00 to $142.00 and gave the company an “equal weight” rating in a research note on Friday, August 11th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average 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.

Want to see what other hedge funds are holding AMP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ameriprise Financial Services, Inc. (NYSE:AMP).

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

Receive News & Ratings for Ameriprise Financial Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameriprise Financial Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply