Ameriprise Financial, Inc. (NYSE:AMP – Get Rating) has received a consensus rating of "Moderate Buy" from the twelve ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $316.70.
AMP has been the topic of a number of analyst reports. Piper Sandler dropped their price objective on shares of Ameriprise Financial from $231.00 to $220.00 and set an "underweight" rating on the stock in a research note on Friday, July 15th. The Goldman Sachs Group lowered shares of Ameriprise Financial from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $325.00 to $270.00 in a research note on Friday, June 24th. Bank of America started coverage on shares of Ameriprise Financial in a research note on Wednesday, September 7th. They set a "buy" rating and a $336.00 price objective on the stock. Evercore ISI dropped their price target on shares of Ameriprise Financial from $364.00 to $320.00 and set an "outperform" rating for the company in a research note on Wednesday, July 6th. Finally, Morgan Stanley lifted their price target on shares of Ameriprise Financial from $270.00 to $295.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 17th.
Get Ameriprise Financial alerts:Ameriprise Financial Trading Down 2.1 %
Shares of AMP stock opened at $253.93 on Friday. The stock has a market cap of $27.47 billion, a price-to-earnings ratio of 9.14, a price-to-earnings-growth ratio of 0.76 and a beta of 1.48. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.14. Ameriprise Financial has a fifty-two week low of $219.99 and a fifty-two week high of $332.37. The firm's 50 day moving average price is $271.48 and its two-hundred day moving average price is $269.11.
Ameriprise Financial (NYSE:AMP – Get Rating) last posted its quarterly earnings data on Tuesday, July 26th. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.73 by $0.08. The company had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.51 billion. Ameriprise Financial had a net margin of 23.49% and a return on equity of 53.86%. During the same quarter last year, the firm posted $5.27 earnings per share. On average, analysts anticipate that Ameriprise Financial will post 23.97 EPS for the current year.Ameriprise Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, August 19th. Shareholders of record on Monday, August 8th were paid a dividend of $1.25 per share. The ex-dividend date was Friday, August 5th. This represents a $5.00 annualized dividend and a yield of 1.97%. Ameriprise Financial's payout ratio is 18.01%.
Insider Buying and Selling at Ameriprise Financial
In other Ameriprise Financial news, Director Robert Francis Sharpe, Jr. sold 1,000 shares of the business's stock in a transaction on Friday, August 26th. The shares were sold at an average price of $277.01, for a total transaction of $277,010.00. Following the completion of the sale, the director now owns 16,500 shares in the company, valued at $4,570,665. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by insiders.
Institutional Trading of Ameriprise Financial
Several institutional investors have recently added to or reduced their stakes in the business. D.A. Davidson & CO. boosted its stake in Ameriprise Financial by 7.5% during the 1st quarter. D.A. Davidson & CO. now owns 2,178 shares of the financial services provider's stock valued at $654,000 after purchasing an additional 152 shares during the period. Boston Financial Mangement LLC bought a new stake in shares of Ameriprise Financial during the first quarter valued at approximately $508,000. Mutual of America Capital Management LLC raised its holdings in shares of Ameriprise Financial by 1.5% during the first quarter. Mutual of America Capital Management LLC now owns 31,575 shares of the financial services provider's stock valued at $9,484,000 after buying an additional 464 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Ameriprise Financial by 51.4% during the first quarter. Jones Financial Companies Lllp now owns 209 shares of the financial services provider's stock valued at $63,000 after buying an additional 71 shares during the last quarter. Finally, Checchi Capital Advisers LLC raised its holdings in shares of Ameriprise Financial by 11.5% during the first quarter. Checchi Capital Advisers LLC now owns 1,275 shares of the financial services provider's stock valued at $383,000 after buying an additional 131 shares during the last quarter. Institutional investors own 82.92% of the company's stock.
About Ameriprise Financial
(Get Rating)
Ameriprise Financial, Inc, through its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through four segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other.
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