Shares of Ameriprise Financial, Inc. (NYSE:AMP) have earned an average rating of “Hold” from the twelve brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $126.20.
AMP has been the subject of several recent research reports. Deutsche Bank AG reaffirmed a “hold” rating and set a $140.00 price objective (up from $137.00) on shares of Ameriprise Financial in a research report on Thursday, April 20th. William Blair initiated coverage on Ameriprise Financial in a research report on Thursday, March 2nd. They set an “outperform” rating and a $138.80 price objective for the company. Zacks Investment Research raised Ameriprise Financial from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Monday, April 10th. Barclays PLC reaffirmed an “equal weight” rating and set a $130.00 price objective (up from $127.00) on shares of Ameriprise Financial in a research report on Tuesday, April 25th. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $127.00 price objective (up from $124.00) on shares of Ameriprise Financial in a research report on Wednesday, April 26th.
In other Ameriprise Financial news, VP Kelli A. Hunter sold 943 shares of the firm’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $128.80, for a total transaction of $121,458.40. Following the transaction, the vice president now owns 39,919 shares in the company, valued at approximately $5,141,567.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO William F. Truscott sold 8,000 shares of the firm’s stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $134.63, for a total value of $1,077,040.00. Following the transaction, the chief executive officer now owns 10,370 shares in the company, valued at approximately $1,396,113.10. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of AMP. Asset Management One Co. Ltd. increased its stake in shares of Ameriprise Financial by 667.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 350,485 shares of the financial services provider’s stock worth $38,861,000 after buying an additional 304,821 shares in the last quarter. Aristotle Capital Management LLC increased its stake in shares of Ameriprise Financial by 2.0% in the fourth quarter. Aristotle Capital Management LLC now owns 2,353,860 shares of the financial services provider’s stock worth $261,137,000 after buying an additional 46,165 shares in the last quarter. First Republic Investment Management Inc. increased its stake in shares of Ameriprise Financial by 6.3% in the fourth quarter. First Republic Investment Management Inc. now owns 62,251 shares of the financial services provider’s stock worth $6,906,000 after buying an additional 3,710 shares in the last quarter. Hennessy Advisors Inc. acquired a new stake in shares of Ameriprise Financial during the first quarter worth $2,230,000. Finally, HighPoint Advisor Group LLC increased its stake in shares of Ameriprise Financial by 12.5% in the fourth quarter. HighPoint Advisor Group LLC now owns 6,232 shares of the financial services provider’s stock worth $837,000 after buying an additional 690 shares in the last quarter. Hedge funds and other institutional investors own 78.42% of the company’s stock.
Ameriprise Financial (AMP) traded up 2.62% on Friday, reaching $126.49. 740,491 shares of the company’s stock were exchanged. Ameriprise Financial has a 1-year low of $84.92 and a 1-year high of $135.20. The stock has a market capitalization of $19.28 billion, a P/E ratio of 15.40 and a beta of 1.77. The firm’s 50 day moving average is $126.00 and its 200 day moving average is $122.77.
Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings results on Monday, April 24th. The financial services provider reported $2.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.18. Ameriprise Financial had a return on equity of 23.18% and a net margin of 11.23%. The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the prior year, the company earned $2.17 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. Analysts expect that Ameriprise Financial will post $10.86 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, May 19th. Stockholders of record on Monday, May 8th were paid a dividend of $0.83 per share. The ex-dividend date of this dividend was Thursday, May 4th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.62%. This is a positive change from Ameriprise Financial’s previous quarterly dividend of $0.75. Ameriprise Financial’s dividend payout ratio (DPR) is 38.36%.
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Ameriprise Financial 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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