Ameriprise Financial Given Average Recommendation of “Hold” by Brokerages (NYSE:AMP)
Shares of Ameriprise Financial (NYSE:AMP) have received an average recommendation of “Hold” from the ten analysts that are covering the stock, Stock Ratings News reports. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $123.90.
Shares of Ameriprise Financial (NYSE:AMP) opened at 118.23 on Wednesday. Ameriprise Financial has a one year low of $85.24 and a one year high of $127.00. The stock has a 50-day moving average of $120.4 and a 200-day moving average of $112.. The company has a market cap of $22.192 billion and a P/E ratio of 16.53.
Ameriprise Financial (NYSE:AMP) last announced its earnings results on Tuesday, July 29th. The company reported $2.08 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.01 by $0.07. The company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter last year, the company posted $1.69 earnings per share. Ameriprise Financial’s revenue was up 11.7% compared to the same quarter last year. On average, analysts predict that Ameriprise Financial will post $8.41 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 22nd. Shareholders of record on Monday, August 11th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Thursday, August 7th.
AMP has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Ameriprise Financial in a research note on Thursday. They now have a $127.00 price target on the stock, up previously from $125.00. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Ameriprise Financial in a research note on Wednesday. They now have a $118.00 price target on the stock, up previously from $117.00. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of Ameriprise Financial in a research note on Wednesday. They now have a $125.00 price target on the stock, up previously from $122.00.
Ameriprise Financial, Inc (NYSE:AMP) is a holding company primarily engaged in business through its subsidiaries.
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