Cipher Capital LP Has $4.99 Million Position in Ameriprise Financial Services, Inc. (AMP)

Cipher Capital LP cut its stake in Ameriprise Financial Services, Inc. (NYSE:AMP) by 31.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,607 shares of the financial services provider’s stock after selling 15,212 shares during the quarter. Cipher Capital LP’s holdings in Ameriprise Financial Services were worth $4,991,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of AMP. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its position in Ameriprise Financial Services by 0.7% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 834 shares of the financial services provider’s stock worth $106,000 after buying an additional 6 shares during the last quarter. Parallel Advisors LLC lifted its position in Ameriprise Financial Services by 17.5% in the second 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 last quarter. IHT Wealth Management LLC lifted its position in Ameriprise Financial Services by 284.0% in the second 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 last quarter. Sun Life Financial INC lifted its position in Ameriprise Financial Services by 10,100.0% in the second 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 last quarter. Finally, Johnson Financial Group Inc. lifted its position in 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 worth $150,000 after buying an additional 38 shares during the last quarter. Institutional investors own 81.45% of the company’s stock.

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In other news, EVP Colin Moore sold 4,285 shares of the firm’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $161.09, for a total transaction of $690,270.65. Following the transaction, the executive vice president now owns 73,690 shares in the company, valued at $11,870,722.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John Robert Woerner sold 9,022 shares of the firm’s 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 transaction, the insider now owns 43,167 shares in the company, valued at approximately $6,946,001.97. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 59,717 shares of company stock worth $9,543,677. Insiders own 1.50% of the company’s stock.

A number of analysts recently issued reports on AMP shares. SunTrust Banks, Inc. raised their price target 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. Zacks Investment Research downgraded Ameriprise Financial Services from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. 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. BidaskClub downgraded Ameriprise Financial Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 19th. Finally, Barclays PLC restated an “equal weight” rating on shares of Ameriprise Financial Services in a research report on Monday, October 2nd. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $154.20.

Ameriprise Financial Services, Inc. (NYSE:AMP) traded down $0.31 during trading hours on Friday, hitting $157.08. The stock had a trading volume of 800,900 shares, compared to its average volume of 1,040,167. Ameriprise Financial Services, Inc. has a fifty-two week low of $109.19 and a fifty-two week high of $163.04. The company has a market capitalization of $23,480.00, a P/E ratio of 13.38 and a beta of 1.92. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.67 and a current ratio of 0.67.

Ameriprise Financial Services (NYSE:AMP) last released its earnings results on Tuesday, October 24th. The financial services provider reported $3.12 earnings per share for the quarter, topping 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 last year, the company earned $2.29 earnings per share. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. analysts forecast that Ameriprise Financial Services, Inc. will post 12.14 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Monday, November 6th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $3.32 annualized dividend and a dividend yield of 2.11%. Ameriprise Financial Services’s dividend payout ratio is currently 31.00%.

Ameriprise Financial Services Company 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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