Ameriprise Financial Services, Inc. (AMP) Shares Bought by IHT Wealth Management LLC

IHT Wealth Management LLC grew its holdings in shares of Ameriprise Financial Services, Inc. (NYSE:AMP) by 284.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 311 shares of the financial services provider’s stock after buying an additional 230 shares during the quarter. IHT Wealth Management LLC’s holdings in Ameriprise Financial Services were worth $113,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC boosted its stake 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 valued at $113,000 after buying an additional 116 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in shares of Ameriprise Financial Services by 0.7% during the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 834 shares of the financial services provider’s stock valued at $106,000 after buying an additional 6 shares during the last quarter. Sun Life Financial INC boosted its stake 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 valued at $143,000 after buying an additional 1,111 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Ameriprise Financial Services during the 1st quarter valued at approximately $149,000. Finally, Johnson Financial Group Inc. boosted its stake 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 valued at $150,000 after buying an additional 38 shares during the last quarter. Institutional investors own 79.39% of the company’s stock.

Several equities analysts have recently commented on AMP shares. BidaskClub upgraded Ameriprise Financial Services from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Royal Bank Of Canada started coverage on Ameriprise Financial Services in a research note on Thursday, June 29th. They set a “sector perform” rating and a $135.00 target price for the company. Morgan Stanley increased their target price on Ameriprise Financial Services from $148.00 to $152.00 and gave the company an “overweight” rating in a research note on Wednesday, July 26th. Zacks Investment Research upgraded Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $156.00 target price for the company in a research note on Thursday, July 27th. Finally, Citigroup Inc. set a $166.00 target price on Ameriprise Financial Services and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Ameriprise Financial Services currently has an average rating of “Buy” and an average price target of $149.31.

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Ameriprise Financial Services (NYSE:AMP) last announced its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $2.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.62 by $0.18. Ameriprise Financial Services had a return on equity of 26.54% and a net margin of 11.81%. The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the firm earned $2.23 EPS. Ameriprise Financial Services’s revenue for the quarter was up 3.3% compared to the same quarter last year.

In other news, EVP Deirdre Davey Mcgraw sold 1,200 shares of Ameriprise Financial Services stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $145.06, for a total transaction of $174,072.00. Following the sale, the executive vice president now owns 13,689 shares of the company’s stock, valued at approximately $1,985,726.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Karen Wilson Thissen sold 425 shares of Ameriprise Financial Services stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $145.15, for a total value of $61,688.75. Following the sale, the vice president now directly owns 10,956 shares in the company, valued at approximately $1,590,263.40. The disclosure for this sale can be found here. Insiders have sold a total of 182,979 shares of company stock worth $26,479,126 in the last three months. 1.50% of the stock is owned by insiders.

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.

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

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