Ameriprise Financial Services, Inc. (AMP) Stake Lessened by Schroder Investment Management Group

Schroder Investment Management Group decreased its holdings in Ameriprise Financial Services, Inc. (NYSE:AMP) by 63.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 54,881 shares of the financial services provider’s stock after selling 93,388 shares during the quarter. Schroder Investment Management Group’s holdings in Ameriprise Financial Services were worth $8,109,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in AMP. Intrust Bank NA lifted its holdings in shares of Ameriprise Financial Services by 0.7% in the second quarter. Intrust Bank NA now owns 1,793 shares of the financial services provider’s stock valued at $228,000 after buying an additional 12 shares during the period. Neuberger Berman Group LLC lifted its holdings in shares of Ameriprise Financial Services by 0.3% in the second quarter. Neuberger Berman Group LLC now owns 9,097 shares of the financial services provider’s stock valued at $1,158,000 after buying an additional 29 shares during the period. National Asset Management Inc. lifted its holdings in shares of Ameriprise Financial Services by 1.0% in the second quarter. National Asset Management Inc. now owns 3,165 shares of the financial services provider’s stock valued at $406,000 after buying an additional 32 shares during the period. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Ameriprise Financial Services by 1.7% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,964 shares of the financial services provider’s stock valued at $250,000 after buying an additional 33 shares during the period. Finally, Johnson Financial Group Inc. lifted its holdings in shares of Ameriprise Financial Services by 3.3% in the second 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 period. 81.74% of the stock is owned by institutional investors.

Several analysts have recently weighed in on AMP shares. ValuEngine lowered Ameriprise Financial Services from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. BidaskClub lowered Ameriprise Financial Services from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 19th. Zacks Investment Research upgraded Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $155.00 price objective for the company in a report on Friday, September 1st. Barclays restated an “equal weight” rating on shares of Ameriprise Financial Services in a report on Monday, October 2nd. Finally, Royal Bank Of Canada set a $149.00 price objective on Ameriprise Financial Services and gave the company a “hold” rating in a report on Wednesday, October 18th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $154.20.

Shares of Ameriprise Financial Services, Inc. (AMP) opened at $169.86 on Friday. Ameriprise Financial Services, Inc. has a fifty-two week low of $109.19 and a fifty-two week high of $169.94. The company has a market capitalization of $25,127.39, a price-to-earnings ratio of 14.44 and a beta of 1.93. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.82.

Ameriprise Financial Services (NYSE:AMP) last announced its earnings results on Tuesday, October 24th. The financial services provider reported $3.12 EPS for the quarter, beating the consensus estimate of $2.79 by $0.33. Ameriprise Financial Services had a return on equity of 29.75% and a net margin of 14.24%. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.97 billion. During the same period in the prior year, the business posted $2.29 earnings per share. Ameriprise Financial Services’s revenue was up 6.3% compared to the same quarter last year. sell-side analysts anticipate that Ameriprise Financial Services, Inc. will post 12.14 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Monday, November 6th were issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend was Friday, November 3rd. Ameriprise Financial Services’s dividend payout ratio is 30.97%.

In related news, insider John Robert Woerner sold 9,022 shares of the stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $160.91, for a total value of $1,451,730.02. Following the completion of the sale, the insider now directly owns 43,167 shares of the company’s stock, valued at approximately $6,946,001.97. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $690,270.65. Following the completion of the sale, the executive vice president now directly owns 73,690 shares of the company’s stock, valued at $11,870,722.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 60,320 shares of company stock valued at $9,640,592. 1.50% of the stock is currently owned by company insiders.

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Ameriprise Financial Services 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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