Capital Fund Management S.A. Grows Position in AMERIPRISE FINANCIAL SERVICES, INC. (AMP)

Capital Fund Management S.A. increased its stake in shares of AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) by 2,286.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,612 shares of the financial services provider’s stock after buying an additional 32,012 shares during the quarter. Capital Fund Management S.A.’s holdings in AMERIPRISE FINANCIAL SERVICES, INC. were worth $3,897,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMP. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its holdings in AMERIPRISE FINANCIAL SERVICES, INC. by 0.7% in 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 in the last quarter. Parallel Advisors LLC boosted its holdings in AMERIPRISE FINANCIAL SERVICES, INC. by 17.5% in 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 in the last quarter. Mckinley Capital Management LLC Delaware purchased a new stake in AMERIPRISE FINANCIAL SERVICES, INC. in the 1st quarter valued at approximately $124,000. State of Alaska Department of Revenue purchased a new stake in AMERIPRISE FINANCIAL SERVICES, INC. in the 1st quarter valued at approximately $125,000. Finally, Meeder Asset Management Inc. purchased a new stake in AMERIPRISE FINANCIAL SERVICES, INC. in the 1st quarter valued at approximately $149,000. 79.55% of the stock is currently owned by hedge funds and other institutional investors.

Shares of AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) opened at 137.64 on Wednesday. The stock has a market cap of $20.64 billion, a price-to-earnings ratio of 15.76 and a beta of 1.86. AMERIPRISE FINANCIAL SERVICES, INC. has a 52 week low of $86.25 and a 52 week high of $149.99. The stock’s 50 day moving average price is $141.01 and its 200 day moving average price is $131.83.

AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) last announced its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $2.80 EPS for the quarter, beating the consensus estimate of $2.62 by $0.18. AMERIPRISE FINANCIAL SERVICES, INC. had a net margin of 11.81% and a return on equity of 26.54%. The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the business earned $2.23 earnings per share. AMERIPRISE FINANCIAL SERVICES, INC.’s revenue was up 3.3% compared to the same quarter last year. Equities research analysts anticipate that AMERIPRISE FINANCIAL SERVICES, INC. will post $11.30 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Monday, August 7th were issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend was Thursday, August 3rd. AMERIPRISE FINANCIAL SERVICES, INC.’s dividend payout ratio (DPR) is presently 37.81%.

In other news, insider Charles Neal Maglaque sold 4,728 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $144.57, for a total value of $683,526.96. Following the completion of the transaction, the insider now directly owns 24,901 shares in the company, valued at $3,599,937.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kelli A. Hunter sold 1,500 shares of the stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $144.59, for a total transaction of $216,885.00. Following the completion of the transaction, the vice president now owns 27,356 shares of the company’s stock, valued at $3,955,404.04. The disclosure for this sale can be found here. Insiders sold 185,966 shares of company stock valued at $26,868,153 over the last quarter. Insiders own 1.50% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Capital Fund Management S.A. Grows Position in AMERIPRISE FINANCIAL SERVICES, INC. (AMP)” was originally published by Stock Observer and is owned by of Stock Observer. If you are reading this article on another website, it was stolen and republished in violation of US & international trademark & copyright legislation. The legal version of this article can be viewed at https://www.thestockobserver.com/2017/09/13/capital-fund-management-s-a-grows-position-in-ameriprise-financial-services-inc-amp.html.

A number of brokerages have weighed in on AMP. BidaskClub raised AMERIPRISE FINANCIAL SERVICES, INC. from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Citigroup Inc. set a $166.00 price objective on AMERIPRISE FINANCIAL SERVICES, INC. and gave the company a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research raised AMERIPRISE FINANCIAL SERVICES, INC. from a “hold” rating to a “buy” rating and set a $156.00 price objective on the stock in a report on Thursday, July 27th. Royal Bank Of Canada set a $149.00 price objective on AMERIPRISE FINANCIAL SERVICES, INC. and gave the company a “sector perform” rating in a report on Wednesday, July 26th. Finally, Morgan Stanley lifted their price objective on AMERIPRISE FINANCIAL SERVICES, INC. from $148.00 to $152.00 and gave the company an “overweight” rating in a report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $146.87.

AMERIPRISE FINANCIAL SERVICES, INC. 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.

Institutional Ownership by Quarter for AMERIPRISE FINANCIAL SERVICES, INC. (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