Ameriprise Financial Services (NYSE:AMP) has been assigned a $168.00 price target by Royal Bank of Canada in a research report issued to clients and investors on Saturday. The firm presently has a “hold” rating on the financial services provider’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 0.04% from the stock’s current price.
AMP has been the subject of a number of other research reports. SunTrust Banks raised their target price on shares of Ameriprise Financial Services from $140.00 to $165.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th. Zacks Investment Research cut shares of Ameriprise Financial Services from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Barclays restated an “equal weight” rating on shares of Ameriprise Financial Services in a research note on Monday, October 2nd. BidaskClub cut shares of Ameriprise Financial Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 19th. Finally, Morgan Stanley raised their target price on shares of Ameriprise Financial Services from $152.00 to $162.00 and gave the stock an “overweight” rating in a research note on Thursday, October 5th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $155.64.
Ameriprise Financial Services (AMP) opened at $167.93 on Friday. Ameriprise Financial Services has a 12-month low of $109.19 and a 12-month high of $170.35. The company has a market cap of $24,841.88, a PE ratio of 14.28 and a beta of 1.93. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.67 and a quick ratio of 0.67.
In other news, insider David Kent Stewart sold 603 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $160.72, for a total value of $96,914.16. Following the completion of the transaction, the insider now directly owns 20,081 shares in the company, valued at approximately $3,227,418.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO James M. Cracchiolo sold 2,428 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $161.07, for a total transaction of $391,077.96. Following the completion of the transaction, the chief executive officer now owns 242,013 shares of the company’s stock, valued at $38,981,033.91. The disclosure for this sale can be found here. Insiders sold a total of 67,649 shares of company stock valued at $10,882,637 in the last quarter. Corporate insiders own 1.50% of the company’s stock.
Several large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Ameriprise Financial Services by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 12,744,678 shares of the financial services provider’s stock valued at $1,622,270,000 after buying an additional 340,206 shares in the last quarter. LSV Asset Management grew its holdings in shares of Ameriprise Financial Services by 4.4% during the 2nd quarter. LSV Asset Management now owns 2,739,924 shares of the financial services provider’s stock valued at $348,764,000 after purchasing an additional 116,706 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Ameriprise Financial Services by 4.1% during the 3rd quarter. Wells Fargo & Company MN now owns 2,195,435 shares of the financial services provider’s stock valued at $326,044,000 after purchasing an additional 86,514 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Ameriprise Financial Services by 21.6% during the 2nd quarter. American Century Companies Inc. now owns 1,905,436 shares of the financial services provider’s stock valued at $242,543,000 after purchasing an additional 338,452 shares during the last quarter. Finally, Numeric Investors LLC grew its holdings in shares of Ameriprise Financial Services by 1.6% during the 2nd quarter. Numeric Investors LLC now owns 1,151,413 shares of the financial services provider’s stock valued at $146,563,000 after purchasing an additional 17,700 shares during the last quarter. Institutional investors own 81.74% of the company’s stock.
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About Ameriprise Financial Services
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.
