Loudon Investment Management LLC Decreases Position in AMERIPRISE FINANCIAL SERVICES, INC. (AMP)

Loudon Investment Management LLC reduced its stake in shares of AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) by 0.3% during the fourth quarter, Holdings Channel reports. The firm owned 26,688 shares of the company’s stock after selling 76 shares during the period. AMERIPRISE FINANCIAL SERVICES, INC. comprises about 2.3% of Loudon Investment Management LLC’s investment portfolio, making the stock its 14th largest position. Loudon Investment Management LLC’s holdings in AMERIPRISE FINANCIAL SERVICES, INC. were worth $2,961,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. State of New Jersey Common Pension Fund D raised its stake in 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 valued at $82,211,000 after buying an additional 27,000 shares during the period. UBS Asset Management Americas Inc. raised its stake in 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 during the period. Welch & Forbes LLC raised its stake in 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 during the period. BOKF NA raised its stake in 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 during the period. Finally, Commonwealth Bank of Australia raised its stake in 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 during the period. 78.70% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP)

Shares of AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) traded up 0.47% during trading on Friday, hitting $124.31. 1,121,040 shares of the stock were exchanged. AMERIPRISE FINANCIAL SERVICES, INC. has a 52-week low of $80.39 and a 52-week high of $124.85. The stock has a market cap of $19.24 billion, a PE ratio of 15.92 and a beta of 1.77. The firm has a 50 day moving average of $115.30 and a 200-day moving average of $105.10.

AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) last posted its quarterly earnings data on Wednesday, February 1st. The company reported $2.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.30. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $2.95 billion. AMERIPRISE FINANCIAL SERVICES, INC. had a net margin of 11.23% and a return on equity of 23.18%. During the same quarter last year, the firm posted $2.47 earnings per share. Equities research analysts anticipate that AMERIPRISE FINANCIAL SERVICES, INC. will post $10.58 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 28th. Shareholders of record on Monday, February 13th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.41%. The ex-dividend date is Thursday, February 9th. AMERIPRISE FINANCIAL SERVICES, INC.’s dividend payout ratio is currently 38.36%.

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AMP has been the topic of a number of analyst reports. 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 on the stock. in a report on Friday, October 14th. SunTrust Banks, Inc. lowered shares of AMERIPRISE FINANCIAL SERVICES, INC. from a “buy” rating to a “hold” rating and upped their target price for the stock from $110.00 to $120.00 in a report on Monday, December 19th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of AMERIPRISE FINANCIAL SERVICES, INC. from a “buy” rating to a “hold” rating in a report on Friday, January 6th. Credit Suisse Group raised shares of AMERIPRISE FINANCIAL SERVICES, INC. from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $121.00 to $152.00 in a report on Monday, January 9th. They noted that the move was a valuation call. Finally, Citigroup Inc. initiated coverage on shares of AMERIPRISE FINANCIAL SERVICES, INC. in a report on Thursday, January 26th. They set a “buy” rating and a $139.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. AMERIPRISE FINANCIAL SERVICES, INC. currently has a consensus rating of “Hold” and a consensus price target of $122.00.

In other news, CEO William F. Truscott sold 16,831 shares of AMERIPRISE FINANCIAL SERVICES, INC. stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $122.95, for a total transaction of $2,069,371.45. Following the sale, the chief executive officer now owns 21,172 shares in the company, valued at $2,603,097.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Deirdre Davey Mcgraw sold 1,864 shares of AMERIPRISE FINANCIAL SERVICES, INC. stock in a transaction that occurred on Tuesday, November 29th. The shares were sold at an average price of $112.63, for a total transaction of $209,942.32. Following the sale, the executive vice president now owns 14,542 shares in the company, valued at approximately $1,637,865.46. The disclosure for this sale can be found here. Insiders have sold 47,101 shares of company stock worth $5,733,970 in the last ninety days. Insiders own 1.40% of the company’s stock.

AMERIPRISE FINANCIAL SERVICES, INC. Company Profile

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.

5 Day Chart for NYSE:AMP

Want to see what other hedge funds are holding AMP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP).

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