ValuEngine upgraded shares of Ameriprise Financial (NYSE:AMP) from a sell rating to a hold rating in a report released on Thursday, September 6th.

A number of other research firms have also commented on AMP. Zacks Investment Research upgraded Ameriprise Financial from a hold rating to a buy rating and set a $160.00 price target on the stock in a research report on Thursday, July 12th. Sandler O’Neill set a $150.00 price target on Ameriprise Financial and gave the company a hold rating in a research report on Monday, August 13th. Morgan Stanley upped their price target on Ameriprise Financial from $175.00 to $177.00 and gave the company an overweight rating in a research report on Wednesday, July 25th. Credit Suisse Group reduced their price target on Ameriprise Financial from $154.00 to $145.00 and set a neutral rating on the stock in a research report on Friday, August 17th. Finally, Barclays reduced their price target on Ameriprise Financial from $175.00 to $165.00 and set an equal weight rating on the stock in a research report on Monday, July 9th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Ameriprise Financial has an average rating of Hold and an average price target of $165.25.

Shares of NYSE AMP traded up $4.10 during trading on Thursday, reaching $147.47. The company had a trading volume of 838,761 shares, compared to its average volume of 624,746. Ameriprise Financial has a 12 month low of $129.87 and a 12 month high of $183.90. The firm has a market capitalization of $20.06 billion, a PE ratio of 10.04 and a beta of 1.81. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.76.

Ameriprise Financial (NYSE:AMP) last released its quarterly earnings results on Tuesday, July 24th. The financial services provider reported $3.60 EPS for the quarter, beating analysts’ consensus estimates of $3.51 by $0.09. Ameriprise Financial had a return on equity of 36.15% and a net margin of 13.91%. The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.12 billion. During the same quarter in the previous year, the company posted $2.80 EPS. The business’s revenue was up 5.7% on a year-over-year basis. analysts forecast that Ameriprise Financial will post 14.68 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 17th. Stockholders of record on Monday, August 6th were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date was Friday, August 3rd. Ameriprise Financial’s dividend payout ratio is 29.34%.

Large investors have recently made changes to their positions in the company. Summit Trail Advisors LLC raised its stake in Ameriprise Financial by 12,071.7% during the 1st quarter. Summit Trail Advisors LLC now owns 105,407 shares of the financial services provider’s stock worth $105,000 after buying an additional 104,541 shares during the period. IMA Wealth Inc. acquired a new position in Ameriprise Financial during the 2nd quarter worth approximately $110,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in Ameriprise Financial by 8,300.0% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 840 shares of the financial services provider’s stock worth $118,000 after buying an additional 830 shares during the period. LeJeune Puetz Investment Counsel LLC acquired a new position in Ameriprise Financial during the 2nd quarter worth approximately $119,000. Finally, Dupont Capital Management Corp raised its stake in Ameriprise Financial by 391.5% during the 1st quarter. Dupont Capital Management Corp now owns 988 shares of the financial services provider’s stock worth $146,000 after buying an additional 787 shares during the period. 81.38% of the stock is currently owned by institutional investors.

About Ameriprise Financial

Ameriprise Financial, Inc, through its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through Advice & Wealth Management, Asset Management, Annuities, and Protection segments. The Advice & Wealth Management segment provides financial planning and advice, as well as full-service brokerage services primarily to retail clients through its advisors.

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Analyst Recommendations for Ameriprise Financial (NYSE:AMP)

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