Shares of Ameriprise Financial, Inc. (NYSE:AMP) have been assigned a consensus rating of “Hold” from the twelve research firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $126.20.
AMP has been the subject of several research reports. Zacks Investment Research raised shares of Ameriprise Financial from a “hold” rating to a “buy” rating and set a $136.00 price target for the company in a report on Monday, February 6th. William Blair initiated coverage on shares of Ameriprise Financial in a research report on Thursday, March 2nd. They issued an “outperform” rating and a $138.80 price objective on the stock. Citigroup Inc reiterated a “buy” rating on shares of Ameriprise Financial in a research report on Monday, April 3rd. Deutsche Bank AG reiterated a “hold” rating and issued a $140.00 price objective (up from $137.00) on shares of Ameriprise Financial in a research report on Thursday, April 20th. Finally, Barclays PLC reiterated an “equal weight” rating and issued a $130.00 price objective (up from $127.00) on shares of Ameriprise Financial in a research report on Tuesday, April 25th.
Ameriprise Financial (AMP) traded down 0.26% during trading on Friday, reaching $120.79. 2,325,663 shares of the company’s stock traded hands. The stock has a market capitalization of $18.41 billion, a P/E ratio of 14.70 and a beta of 1.77. The stock has a 50-day moving average price of $127.13 and a 200 day moving average price of $122.39. Ameriprise Financial has a 1-year low of $84.92 and a 1-year high of $135.20.
Ameriprise Financial (NYSE:AMP) last posted its quarterly earnings results on Monday, April 24th. The financial services provider reported $2.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.52 by $0.18. Ameriprise Financial had a net margin of 11.23% and a return on equity of 23.18%. The business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same period in the previous year, the business posted $2.17 EPS. The company’s quarterly revenue was up 4.9% on a year-over-year basis. Equities research analysts expect that Ameriprise Financial will post $10.86 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 19th. Investors of record on Monday, May 8th were given a $0.83 dividend. The ex-dividend date was Thursday, May 4th. This is an increase from Ameriprise Financial’s previous quarterly dividend of $0.75. This represents a $3.32 annualized dividend and a yield of 2.75%. Ameriprise Financial’s dividend payout ratio (DPR) is currently 38.36%.
ILLEGAL ACTIVITY WARNING: “Analysts Set Ameriprise Financial, Inc. (AMP) Price Target at $126.20” was first published by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The legal version of this piece of content can be viewed at https://sportsperspectives.com/2017/05/31/analysts-set-ameriprise-financial-inc-amp-price-target-at-126-20.html.
In other Ameriprise Financial news, VP Kelli A. Hunter sold 943 shares of the business’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $128.80, for a total transaction of $121,458.40. Following the sale, the vice president now directly owns 39,919 shares in the company, valued at approximately $5,141,567.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William F. Truscott sold 8,000 shares of the business’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $134.63, for a total transaction of $1,077,040.00. Following the sale, the chief executive officer now owns 10,370 shares in the company, valued at $1,396,113.10. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in AMP. Vanguard Group Inc. increased its position in Ameriprise Financial by 2.0% in the first quarter. Vanguard Group Inc. now owns 12,404,472 shares of the financial services provider’s stock valued at $1,608,613,000 after buying an additional 242,577 shares during the period. BlackRock Inc. increased its position in shares of Ameriprise Financial by 1,709.0% in the first quarter. BlackRock Inc. now owns 10,640,305 shares of the financial services provider’s stock worth $1,379,836,000 after buying an additional 10,052,130 shares during the last quarter. Norges Bank bought a new position in shares of Ameriprise Financial during the fourth quarter worth approximately $1,057,281,000. State Street Corp increased its position in shares of Ameriprise Financial by 6.2% in the fourth quarter. State Street Corp now owns 8,434,256 shares of the financial services provider’s stock worth $935,690,000 after buying an additional 488,951 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Ameriprise Financial by 71.8% in the first quarter. JPMorgan Chase & Co. now owns 5,939,366 shares of the financial services provider’s stock worth $770,216,000 after buying an additional 2,481,827 shares during the last quarter. Institutional investors and hedge funds own 78.42% of the company’s stock.
About Ameriprise Financial
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.
Receive News & Ratings for Ameriprise Financial Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Ameriprise Financial Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.