Shares of Ameriprise Financial, Inc. (NYSE:AMP) have been given an average recommendation of “Buy” by the eleven ratings firms that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $155.97.

Several brokerages have commented on AMP. Zacks Investment Research lowered shares of Ameriprise Financial from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Royal Bank of Canada set a $168.00 price target on shares of Ameriprise Financial and gave the stock a “hold” rating in a research note on Saturday, December 16th. ValuEngine lowered shares of Ameriprise Financial from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. SunTrust Banks increased their price target on shares of Ameriprise Financial from $140.00 to $165.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th. Finally, Morgan Stanley increased their price target on shares of Ameriprise Financial from $152.00 to $162.00 and gave the stock an “overweight” rating in a research note on Thursday, October 5th.

Shares of Ameriprise Financial (NYSE:AMP) opened at $172.00 on Tuesday. The firm has a market cap of $25,440.00, a price-to-earnings ratio of 16.06 and a beta of 1.93. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.82. Ameriprise Financial has a 12-month low of $110.75 and a 12-month high of $173.62.

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

In other news, Chairman James M. Cracchiolo sold 42,228 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $159.33, for a total transaction of $6,728,187.24. Following the sale, the chairman now owns 242,013 shares of the company’s stock, valued at approximately $38,559,931.29. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John Robert Woerner sold 9,022 shares of the firm’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $160.91, for a total transaction of $1,451,730.02. Following the sale, the insider now directly owns 43,167 shares in the company, valued at approximately $6,946,001.97. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 72,466 shares of company stock valued at $11,708,801. 1.50% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Neuberger Berman Group LLC boosted its holdings in shares of Ameriprise Financial by 0.3% in the second quarter. Neuberger Berman Group LLC now owns 9,097 shares of the financial services provider’s stock worth $1,158,000 after buying an additional 29 shares during the last quarter. Schroder Investment Management Group boosted its holdings in shares of Ameriprise Financial by 2,501.2% in the second quarter. Schroder Investment Management Group now owns 148,269 shares of the financial services provider’s stock worth $18,981,000 after buying an additional 142,569 shares during the last quarter. Engineers Gate Manager LP purchased a new position in shares of Ameriprise Financial in the second quarter worth approximately $1,930,000. Private Advisor Group LLC boosted its holdings in shares of Ameriprise Financial by 27.8% in the second quarter. Private Advisor Group LLC now owns 3,334 shares of the financial services provider’s stock worth $443,000 after buying an additional 726 shares during the last quarter. Finally, CIBC World Markets Inc. boosted its holdings in shares of Ameriprise Financial by 12.0% in the second quarter. CIBC World Markets Inc. now owns 5,389 shares of the financial services provider’s stock worth $686,000 after buying an additional 577 shares during the last quarter. 81.51% of the stock is currently owned by hedge funds and other institutional investors.

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Ameriprise Financial 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 (NYSE:AMP)

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