Ameriprise Financial Services, Inc. (NYSE:AMP) has been given a consensus rating of “Buy” by the eleven analysts that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $155.73.

AMP has been the topic of several recent analyst reports. Zacks Investment Research raised Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $167.00 target price on the stock in a research note on Thursday, October 5th. Morgan Stanley lifted their target price on Ameriprise Financial Services from $152.00 to $162.00 and gave the company an “overweight” rating in a research note on Thursday, October 5th. Royal Bank of Canada set a $149.00 target price on Ameriprise Financial Services and gave the company a “hold” rating in a research note on Wednesday, October 18th. SunTrust Banks lifted their target price on Ameriprise Financial Services from $140.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. Finally, ValuEngine cut Ameriprise Financial Services from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st.

Shares of Ameriprise Financial Services (AMP) opened at $165.45 on Friday. The stock has a market capitalization of $24,941.00, a P/E ratio of 14.34 and a beta of 1.93. Ameriprise Financial Services has a 12 month low of $109.19 and a 12 month high of $170.35. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.67 and a current ratio of 0.67.

Ameriprise Financial Services (NYSE:AMP) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $3.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.79 by $0.33. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.97 billion. Ameriprise Financial Services had a return on equity of 29.75% and a net margin of 14.24%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the company earned $2.29 EPS. equities analysts forecast that Ameriprise Financial Services will post 12.14 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Monday, November 6th were issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend was Friday, November 3rd. Ameriprise Financial Services’s dividend payout ratio is presently 30.97%.

In other news, CEO James M. Cracchiolo sold 2,428 shares of Ameriprise Financial Services stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $161.07, for a total value of $391,077.96. Following the completion of the transaction, the chief executive officer now owns 242,013 shares in the company, valued at approximately $38,981,033.91. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Joseph Edward Sweeney sold 7,329 shares of Ameriprise Financial Services stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $169.47, for a total value of $1,242,045.63. Following the completion of the transaction, the insider now owns 37,991 shares of the company’s stock, valued at approximately $6,438,334.77. The disclosure for this sale can be found here. Insiders have sold a total of 67,649 shares of company stock valued at $10,882,637 in the last 90 days. 1.50% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in AMP. Parallel Advisors LLC boosted its holdings in shares of Ameriprise Financial Services by 17.5% in the 2nd quarter. Parallel Advisors LLC now owns 777 shares of the financial services provider’s stock worth $113,000 after purchasing an additional 116 shares during the period. IHT Wealth Management LLC boosted its holdings in shares of Ameriprise Financial Services by 284.0% in the 2nd quarter. IHT Wealth Management LLC now owns 311 shares of the financial services provider’s stock worth $113,000 after purchasing an additional 230 shares during the period. Sun Life Financial INC boosted its holdings in shares of Ameriprise Financial Services by 10,100.0% in the 2nd quarter. Sun Life Financial INC now owns 1,122 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 1,111 shares during the period. Johnson Financial Group Inc. boosted its holdings in shares of Ameriprise Financial Services by 3.3% in the 2nd quarter. Johnson Financial Group Inc. now owns 1,181 shares of the financial services provider’s stock worth $150,000 after purchasing an additional 38 shares during the period. Finally, D.A. Davidson & CO. boosted its holdings in shares of Ameriprise Financial Services by 60.3% in the 2nd quarter. D.A. Davidson & CO. now owns 1,374 shares of the financial services provider’s stock worth $174,000 after purchasing an additional 517 shares during the period. Hedge funds and other institutional investors own 81.74% of the company’s stock.

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Ameriprise Financial Services 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.

Analyst Recommendations for Ameriprise Financial Services (NYSE:AMP)

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