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Ameriprise Financial (NYSE:AMP) was downgraded by stock analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a report issued on Monday.

A number of other analysts have also recently weighed in on AMP. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Ameriprise Financial in a research note on Thursday, July 31st. 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, July 30th. 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, July 30th. They now have a $125.00 price target on the stock, up previously from $122.00. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $122.63.

Ameriprise Financial (NYSE:AMP) opened at 119.09 on Monday. Ameriprise Financial has a 52 week low of $85.24 and a 52 week high of $127.00. The stock’s 50-day moving average is $120.5 and its 200-day moving average is $112.4. The company has a market cap of $22.294 billion and a P/E ratio of 16.39.

Ameriprise Financial (NYSE:AMP) last released its earnings data 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. Analysts expect that Ameriprise Financial will post $8.41 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, August 22nd. Investors of record on Monday, August 11th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Thursday, August 7th.

Ameriprise Financial, Inc (NYSE:AMP) is a holding company primarily engaged in business through its subsidiaries.

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