Ameriprise Financial Price Target Cut to $110.00 (AMP)
Equities research analysts at Sandler O’Neill reduced their target price on shares of Ameriprise Financial (NYSE:AMP) from $114.00 to $110.00 in a research note issued to investors on Friday, StockRatingsNetwork reports. Sandler O’Neill’s price target points to a potential upside of 2.22% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Ameriprise Financial from $103.00 to $113.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at Barclays raised their price target on shares of Ameriprise Financial from $96.00 to $122.00 in a research note to investors on Tuesday, January 7th. They now have an “equal weight” rating on the stock. Finally, analysts at UBS AG reiterated a “buy” rating on shares of Ameriprise Financial in a research note to investors on Monday, January 6th. They now have a $125.00 price target on the stock, up previously from $110.00. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $112.50.
Shares of Ameriprise Financial (NYSE:AMP) opened at 107.61 on Friday. Ameriprise Financial has a 52-week low of $65.95 and a 52-week high of $116.82. The stock’s 50-day moving average is $110.9 and its 200-day moving average is $99.70. The company has a market cap of $20.934 billion and a price-to-earnings ratio of 15.57.
Ameriprise Financial (NYSE:AMP) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.87 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.82 by $0.05. The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.88 billion. During the same quarter last year, the company posted $1.80 earnings per share. Ameriprise Financial’s revenue was up 10.2% compared to the same quarter last year. Analysts expect that Ameriprise Financial will post $7.95 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of 0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Wednesday, February 12th.
Ameriprise Financial, Inc (NYSE:AMP) is a holding company primarily engaged in business through its subsidiaries.
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