Citizens Financial Group Inc. RI Has $558,000 Position in Ameriprise Financial Services, Inc. (AMP)

Citizens Financial Group Inc. RI lessened its stake in Ameriprise Financial Services, Inc. (NYSE:AMP) by 14.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,763 shares of the financial services provider’s stock after selling 611 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Ameriprise Financial Services were worth $558,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of AMP. Parallel Advisors LLC boosted its holdings in Ameriprise Financial Services by 17.5% in the second quarter. Parallel Advisors LLC now owns 777 shares of the financial services provider’s stock valued at $113,000 after acquiring an additional 116 shares during the last quarter. IHT Wealth Management LLC raised its position in shares of Ameriprise Financial Services by 284.0% during the second quarter. IHT Wealth Management LLC now owns 311 shares of the financial services provider’s stock worth $113,000 after purchasing an additional 230 shares during the period. Sun Life Financial INC raised its position in shares of Ameriprise Financial Services by 10,100.0% during the second quarter. Sun Life Financial INC now owns 1,122 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 1,111 shares during the period. Johnson Financial Group Inc. raised its position in Ameriprise Financial Services by 3.3% in the 2nd quarter. Johnson Financial Group Inc. now owns 1,181 shares of the financial services provider’s stock valued at $150,000 after buying an additional 38 shares during the last quarter. Finally, D.A. Davidson & CO. raised its position in Ameriprise Financial Services by 60.3% in the 2nd quarter. D.A. Davidson & CO. now owns 1,374 shares of the financial services provider’s stock valued at $174,000 after buying an additional 517 shares during the last quarter. 81.74% of the stock is owned by hedge funds and other institutional investors.

In other Ameriprise Financial Services news, Chairman James M. Cracchiolo sold 42,228 shares of Ameriprise Financial Services stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $159.33, for a total transaction of $6,728,187.24. Following the completion of the transaction, the chairman now owns 242,013 shares in the company, valued at $38,559,931.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David Kent Stewart sold 603 shares of the business’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $160.72, for a total value of $96,914.16. Following the completion of the transaction, the insider now owns 20,081 shares of the company’s stock, valued at approximately $3,227,418.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 60,320 shares of company stock worth $9,640,592. Corporate insiders own 1.50% of the company’s stock.

Shares of Ameriprise Financial Services, Inc. (AMP) opened at $164.36 on Wednesday. The firm has a market capitalization of $24,489.81, a P/E ratio of 14.08 and a beta of 1.93. Ameriprise Financial Services, Inc. has a 1 year low of $109.19 and a 1 year high of $166.99. 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 (NYSE:AMP) last issued its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $3.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.79 by $0.33. The firm 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 business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the company earned $2.29 EPS. equities research analysts anticipate that Ameriprise Financial Services, Inc. will post 12.14 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Monday, November 6th were given a $0.83 dividend. The ex-dividend date was Friday, November 3rd. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.02%. Ameriprise Financial Services’s dividend payout ratio is currently 30.97%.

AMP has been the subject of a number of analyst reports. Zacks Investment Research raised 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. BidaskClub downgraded Ameriprise Financial Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 19th. ValuEngine downgraded Ameriprise Financial Services from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Barclays raised their target price on Ameriprise Financial Services from $130.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Friday, August 11th. Finally, Royal Bank Of Canada set a $149.00 target price on Ameriprise Financial Services and gave the stock a “hold” rating in a research note on Wednesday, October 18th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $154.20.

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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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