Gulf International Bank UK Ltd Buys 68 Shares of Ameriprise Financial Services, Inc. (AMP)

Gulf International Bank UK Ltd boosted its stake in shares of Ameriprise Financial Services, Inc. (NYSE:AMP) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,448 shares of the financial services provider’s stock after buying an additional 68 shares during the period. Gulf International Bank UK Ltd’s holdings in Ameriprise Financial Services were worth $6,421,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Ameriprise Financial Services by 1,709.0% in the first quarter. BlackRock Inc. now owns 10,640,305 shares of the financial services provider’s stock valued at $1,379,836,000 after buying an additional 10,052,130 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Ameriprise Financial Services by 71.8% in the first quarter. JPMorgan Chase & Co. now owns 5,939,366 shares of the financial services provider’s stock valued at $770,216,000 after buying an additional 2,481,827 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Ameriprise Financial Services by 54.6% in the first quarter. Bank of New York Mellon Corp now owns 3,906,928 shares of the financial services provider’s stock valued at $506,651,000 after buying an additional 1,380,098 shares during the period. FMR LLC raised its stake in shares of Ameriprise Financial Services by 115.7% in the first quarter. FMR LLC now owns 918,638 shares of the financial services provider’s stock valued at $119,130,000 after buying an additional 492,785 shares during the period. Finally, Teachers Advisors LLC raised its stake in shares of Ameriprise Financial Services by 55.1% in the fourth quarter. Teachers Advisors LLC now owns 1,059,665 shares of the financial services provider’s stock valued at $117,559,000 after buying an additional 376,468 shares during the period. Institutional investors own 82.01% of the company’s stock.

Shares of Ameriprise Financial Services, Inc. (AMP) traded up 0.04% on Friday, hitting $138.80. 1,793,810 shares of the company were exchanged. The firm has a market cap of $20.81 billion, a P/E ratio of 15.90 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 company has a 50-day moving average price of $139.27 and a 200 day moving average price of $130.37.

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. Ameriprise Financial Services had a net margin of 11.81% and a return on equity of 26.54%. The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the company earned $2.23 earnings per share. Ameriprise Financial Services’s revenue for the quarter was up 3.3% on a year-over-year basis. Analysts predict that Ameriprise Financial Services, Inc. will post $11.30 EPS for the current fiscal year.

Ameriprise Financial Services announced that its board has authorized a share repurchase program on Monday, April 24th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the financial services provider to buy up to 12.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Monday, August 7th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 2.39%. The ex-dividend date is Thursday, August 3rd. Ameriprise Financial Services’s dividend payout ratio (DPR) is 37.81%.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by BNB Daily and is owned by of BNB Daily. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of US and international copyright laws. The original version of this piece of content can be read at https://www.baseball-news-blog.com/2017/08/19/gulf-international-bank-uk-ltd-has-6-42-million-position-in-ameriprise-financial-services-inc-amp-updated-updated-updated.html.

Several analysts have recently issued reports on AMP shares. Barclays PLC reiterated an “equal weight” rating and issued a $130.00 target price (up previously from $127.00) on shares of Ameriprise Financial Services in a research report on Tuesday, April 25th. Morgan Stanley raised their price target on shares of Ameriprise Financial Services from $148.00 to $152.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 26th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $127.00 price target (up from $124.00) on shares of Ameriprise Financial Services in a research note on Wednesday, April 26th. Zacks Investment Research downgraded shares of Ameriprise Financial Services from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $140.00 target price (up from $137.00) on shares of Ameriprise Financial Services in a research note on Thursday, April 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $146.98.

In other Ameriprise Financial Services news, VP Karen Wilson Thissen sold 425 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $145.15, for a total value of $61,688.75. Following the completion of the sale, the vice president now owns 10,956 shares of the company’s stock, valued at $1,590,263.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Randy Kupper sold 2,987 shares of the firm’s stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $130.24, for a total transaction of $389,026.88. Following the sale, the executive vice president now directly owns 30,969 shares of the company’s stock, valued at approximately $4,033,402.56. The disclosure for this sale can be found here. Insiders sold 185,966 shares of company stock valued at $26,868,153 in the last ninety days. 1.50% of the stock is owned by corporate insiders.

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)

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.

Latest News

Leave a Reply