Kelli A. Hunter Sells 4,152 Shares of AMERIPRISE FINANCIAL SERVICES, INC. (AMP) Stock

Kelli A. Hunter Sells 4,152 Shares of AMERIPRISE FINANCIAL SERVICES, INC. (AMP) Stock

AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) VP Kelli A. Hunter sold 4,152 shares of the business’s stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $123.36, for a total transaction of $512,190.72. Following the sale, the vice president now owns 29,913 shares of the company’s stock, valued at $3,690,067.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) opened at 123.73 on Friday. AMERIPRISE FINANCIAL SERVICES, INC. has a 12-month low of $76.16 and a 12-month high of $124.02. The company has a market capitalization of $19.15 billion, a PE ratio of 15.84 and a beta of 1.77. The stock has a 50 day moving average of $114.92 and a 200-day moving average of $104.90.

AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) last released its earnings results on Wednesday, February 1st. The company reported $2.73 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.30. The company earned $3.10 billion during the quarter, compared to the consensus estimate of $2.95 billion. AMERIPRISE FINANCIAL SERVICES, INC. had a return on equity of 23.18% and a net margin of 11.23%. During the same period in the previous year, the company posted $2.47 EPS. Equities analysts expect that AMERIPRISE FINANCIAL SERVICES, INC. will post $10.58 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 28th. Stockholders of record on Monday, February 13th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Thursday, February 9th. AMERIPRISE FINANCIAL SERVICES, INC.’s dividend payout ratio is presently 38.36%.

Several institutional investors have recently made changes to their positions in AMP. State of New Jersey Common Pension Fund D increased its position in shares of AMERIPRISE FINANCIAL SERVICES, INC. by 3.4% in the third quarter. State of New Jersey Common Pension Fund D now owns 824,000 shares of the company’s stock worth $82,211,000 after buying an additional 27,000 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in shares of AMERIPRISE FINANCIAL SERVICES, INC. by 3.0% in the third quarter. UBS Asset Management Americas Inc. now owns 437,678 shares of the company’s stock worth $43,668,000 after buying an additional 12,627 shares in the last quarter. Welch & Forbes LLC increased its position in shares of AMERIPRISE FINANCIAL SERVICES, INC. by 2.3% in the second quarter. Welch & Forbes LLC now owns 146,436 shares of the company’s stock worth $13,158,000 after buying an additional 3,315 shares in the last quarter. BOKF NA increased its position in shares of AMERIPRISE FINANCIAL SERVICES, INC. by 714.2% in the third quarter. BOKF NA now owns 51,387 shares of the company’s stock worth $5,127,000 after buying an additional 45,076 shares in the last quarter. Finally, Commonwealth Bank of Australia increased its position in shares of AMERIPRISE FINANCIAL SERVICES, INC. by 4.6% in the third quarter. Commonwealth Bank of Australia now owns 25,183 shares of the company’s stock worth $2,513,000 after buying an additional 1,100 shares in the last quarter. 78.70% of the stock is owned by institutional investors and hedge funds.

AMP has been the subject of several recent research reports. Zacks Investment Research upgraded shares of AMERIPRISE FINANCIAL SERVICES, INC. from a “hold” rating to a “buy” rating and set a $136.00 target price for the company in a research report on Monday. Citigroup Inc. initiated coverage on shares of AMERIPRISE FINANCIAL SERVICES, INC. in a research report on Thursday, January 26th. They set a “buy” rating and a $139.00 target price for the company. SunTrust Banks, Inc. lowered shares of AMERIPRISE FINANCIAL SERVICES, INC. from a “buy” rating to a “hold” rating and boosted their target price for the company from $110.00 to $120.00 in a research report on Monday, December 19th. They noted that the move was a valuation call. Deutsche Bank AG lowered shares of AMERIPRISE FINANCIAL SERVICES, INC. from a “buy” rating to a “hold” rating and set a $112.00 target price for the company. in a research report on Friday, October 14th. Finally, Credit Suisse Group upgraded shares of AMERIPRISE FINANCIAL SERVICES, INC. from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $121.00 to $152.00 in a research report on Monday, January 9th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $122.00.

About AMERIPRISE FINANCIAL SERVICES, INC.

Ameriprise Financial, Inc is a diversified 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 Advice & Wealth Management segment provides financial planning and advice, as well as brokerage services, primarily to retail clients through advisors.

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