BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $11.53 Million Position in Ameriprise Financial Services, Inc. (AMP)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its stake in shares of Ameriprise Financial Services, Inc. (NYSE:AMP) by 9.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,617 shares of the financial services provider’s stock after selling 8,251 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.05% of Ameriprise Financial Services worth $11,527,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AMP. Parallel Advisors LLC lifted its position 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 worth $113,000 after buying an additional 116 shares during the period. IHT Wealth Management LLC lifted its position 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 worth $113,000 after buying an additional 230 shares during the period. Sun Life Financial INC lifted its position 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 worth $143,000 after buying an additional 1,111 shares during the period. Johnson Financial Group Inc. lifted its position 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 worth $150,000 after buying an additional 38 shares during the period. Finally, D.A. Davidson & CO. lifted its position in shares of Ameriprise Financial Services by 60.3% during the 2nd quarter. D.A. Davidson & CO. now owns 1,374 shares of the financial services provider’s stock worth $174,000 after buying an additional 517 shares during the period. Institutional investors and hedge funds own 81.74% of the company’s stock.

Several equities analysts recently commented on the company. ValuEngine downgraded Ameriprise Financial Services from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. SunTrust Banks raised their target price on Ameriprise Financial Services from $140.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Royal Bank Of Canada set a $155.00 target price on Ameriprise Financial Services and gave the stock a “sector perform” rating in a research report on Wednesday, October 25th. Zacks Investment Research upgraded Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $167.00 target price for the company in a research report on Thursday, October 5th. Finally, Morgan Stanley raised their target price on Ameriprise Financial Services from $152.00 to $162.00 and gave the stock an “overweight” rating in a research report on Thursday, October 5th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $154.20.

In related news, insider David Kent Stewart sold 603 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $160.72, for a total transaction of $96,914.16. Following the completion of the sale, the insider now directly owns 20,081 shares of the company’s stock, valued at approximately $3,227,418.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Robert Woerner sold 9,022 shares of Ameriprise Financial Services stock in a transaction on Thursday, October 26th. The shares were 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 $6,946,001.97. The disclosure for this sale can be found here. Insiders have sold a total of 60,320 shares of company stock valued at $9,640,592 over the last ninety days. Insiders own 1.50% of the company’s stock.

Shares of Ameriprise Financial Services, Inc. (AMP) opened at $169.86 on Friday. Ameriprise Financial Services, Inc. has a twelve month low of $109.19 and a twelve month high of $169.94. The firm 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 released its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $3.12 earnings per share for the quarter, beating the Zacks’ 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 firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.97 billion. During the same period last year, the firm posted $2.29 EPS. The business’s revenue was up 6.3% on a year-over-year basis. equities analysts anticipate that Ameriprise Financial Services, Inc. will post 12.14 earnings per share for the current fiscal year.

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

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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.

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

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