Shares of Ameriprise Financial, Inc. (NYSE:AMP – Get Free Report) have been assigned an average recommendation of “Hold” from the ten analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $464.33.
AMP has been the subject of a number of recent research reports. Keefe, Bruyette & Woods decreased their price objective on shares of Ameriprise Financial from $470.00 to $460.00 and set a “market perform” rating for the company in a report on Tuesday, July 30th. Morgan Stanley cut their price objective on shares of Ameriprise Financial from $444.00 to $440.00 and set an “equal weight” rating for the company in a research report on Monday, July 29th. Jefferies Financial Group upped their price objective on shares of Ameriprise Financial from $500.00 to $504.00 and gave the company a “buy” rating in a research report on Friday, June 28th. Royal Bank of Canada upped their target price on shares of Ameriprise Financial from $487.00 to $500.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. Finally, Piper Sandler lowered their target price on shares of Ameriprise Financial from $390.00 to $387.00 and set an “underweight” rating on the stock in a research note on Friday, June 28th.
View Our Latest Stock Analysis on Ameriprise Financial
Insider Buying and Selling
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Empirical Finance LLC raised its position in shares of Ameriprise Financial by 3.0% in the 1st quarter. Empirical Finance LLC now owns 3,896 shares of the financial services provider’s stock valued at $1,708,000 after buying an additional 113 shares in the last quarter. Nomura Holdings Inc. bought a new stake in shares of Ameriprise Financial in the 4th quarter valued at $775,000. State Board of Administration of Florida Retirement System lifted its position in shares of Ameriprise Financial by 7.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 118,211 shares of the financial services provider’s stock valued at $51,828,000 after acquiring an additional 8,693 shares during the period. TD Asset Management Inc lifted its position in shares of Ameriprise Financial by 151.5% during the 4th quarter. TD Asset Management Inc now owns 595,644 shares of the financial services provider’s stock valued at $226,243,000 after acquiring an additional 358,780 shares during the period. Finally, BDF Gestion acquired a new position in shares of Ameriprise Financial during the 2nd quarter valued at $2,836,000. Institutional investors own 83.95% of the company’s stock.
Ameriprise Financial Stock Performance
Shares of NYSE AMP opened at $461.93 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.16. Ameriprise Financial has a 52-week low of $306.63 and a 52-week high of $465.82. The stock has a market capitalization of $45.88 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 0.75 and a beta of 1.35. The stock’s fifty day simple moving average is $430.48 and its 200 day simple moving average is $429.03.
Ameriprise Financial (NYSE:AMP – Get Free Report) last released its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $8.72 earnings per share for the quarter, beating the consensus estimate of $8.53 by $0.19. The firm had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.24 billion. Ameriprise Financial had a net margin of 18.64% and a return on equity of 73.83%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $7.44 EPS. As a group, sell-side analysts forecast that Ameriprise Financial will post 34.81 earnings per share for the current fiscal year.
Ameriprise Financial Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 5th were issued a $1.48 dividend. The ex-dividend date of this dividend was Monday, August 5th. This represents a $5.92 annualized dividend and a yield of 1.28%. Ameriprise Financial’s dividend payout ratio (DPR) is presently 20.15%.
Ameriprise Financial Company Profile
Ameriprise Financial, Inc, together with its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through four segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other.
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