62,069 Shares in Ameriprise Financial Services, Inc. (AMP) Acquired by Laurion Capital Management LP

Laurion Capital Management LP acquired a new stake in shares of Ameriprise Financial Services, Inc. (NYSE:AMP) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 62,069 shares of the financial services provider’s stock, valued at approximately $7,901,000.

A number of other institutional investors have also recently bought and sold shares of AMP. BlackRock Inc. boosted its position in Ameriprise Financial Services by 1,709.0% during the 1st quarter. BlackRock Inc. now owns 10,640,305 shares of the financial services provider’s stock valued at $1,379,836,000 after acquiring an additional 10,052,130 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Ameriprise Financial Services by 71.8% during the 1st quarter. JPMorgan Chase & Co. now owns 5,939,366 shares of the financial services provider’s stock valued at $770,216,000 after acquiring an additional 2,481,827 shares in the last quarter. FMR LLC boosted its position in Ameriprise Financial Services by 115.7% during the 1st quarter. FMR LLC now owns 918,638 shares of the financial services provider’s stock valued at $119,130,000 after acquiring an additional 492,785 shares in the last quarter. American Century Companies Inc. boosted its position in Ameriprise Financial Services by 21.6% during the 2nd quarter. American Century Companies Inc. now owns 1,905,436 shares of the financial services provider’s stock valued at $242,543,000 after acquiring an additional 338,452 shares in the last quarter. Finally, AXA boosted its position in Ameriprise Financial Services by 977.6% during the 2nd quarter. AXA now owns 310,074 shares of the financial services provider’s stock valued at $39,470,000 after acquiring an additional 281,300 shares in the last quarter. 79.55% of the stock is currently owned by institutional investors and hedge funds.

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A number of brokerages have recently commented on AMP. BidaskClub raised Ameriprise Financial Services from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Citigroup Inc. set a $166.00 price target on Ameriprise Financial Services and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research raised Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $156.00 price target on the stock in a research report on Thursday, July 27th. Royal Bank Of Canada set a $149.00 price target on Ameriprise Financial Services and gave the stock a “sector perform” rating in a research report on Wednesday, July 26th. Finally, Morgan Stanley boosted their price target on Ameriprise Financial Services from $148.00 to $152.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $146.87.

In other Ameriprise Financial Services news, EVP Randy Kupper sold 2,987 shares of the firm’s stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $130.24, for a total value of $389,026.88. Following the completion of the sale, the executive vice president now directly owns 30,969 shares in the company, valued at $4,033,402.56. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO William F. Truscott sold 19,768 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $144.43, for a total transaction of $2,855,092.24. Following the completion of the sale, the chief executive officer now owns 70,693 shares of the company’s stock, valued at $10,210,189.99. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 185,966 shares of company stock valued at $26,868,153. 1.50% of the stock is owned by insiders.

Ameriprise Financial Services, Inc. (NYSE AMP) traded up 0.61% during trading on Friday, reaching $139.86. The company had a trading volume of 1,808,220 shares. The stock has a market capitalization of $20.97 billion, a P/E ratio of 16.02 and a beta of 1.86. Ameriprise Financial Services, Inc. has a 12-month low of $86.25 and a 12-month high of $149.99. The stock has a 50 day moving average of $140.74 and a 200-day moving average of $132.04.

Ameriprise Financial Services (NYSE:AMP) last issued its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $2.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.62 by $0.18. The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.90 billion. Ameriprise Financial Services had a net margin of 11.81% and a return on equity of 26.54%. Ameriprise Financial Services’s revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company posted $2.23 earnings per share. On average, analysts forecast that Ameriprise Financial Services, Inc. will post $11.29 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Monday, August 7th were paid a $0.83 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $3.32 annualized dividend and a yield of 2.37%. Ameriprise Financial Services’s dividend payout ratio (DPR) is 37.81%.

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.

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

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