Shares of Ameriprise Financial, Inc. (NYSE:AMP) have been given an average rating of “Hold” by the ten brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $161.25.
AMP has been the subject of a number of analyst reports. ValuEngine downgraded shares of Ameriprise Financial from a “hold” rating to a “sell” rating in a research note on Friday, July 20th. Morgan Stanley boosted their target price on shares of Ameriprise Financial from $175.00 to $177.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 25th. Sandler O’Neill set a $158.00 target price on shares of Ameriprise Financial and gave the stock a “hold” rating in a research note on Wednesday, July 25th. Credit Suisse Group lowered their target price on shares of Ameriprise Financial from $154.00 to $145.00 and set a “neutral” rating for the company in a research note on Friday, August 17th. Finally, Zacks Investment Research downgraded shares of Ameriprise Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, September 25th.
Institutional investors and hedge funds have recently made changes to their positions in the stock. IMA Wealth Inc. purchased a new stake in Ameriprise Financial in the second quarter valued at $110,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Ameriprise Financial by 8,300.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 840 shares of the financial services provider’s stock valued at $118,000 after buying an additional 830 shares during the last quarter. LeJeune Puetz Investment Counsel LLC purchased a new stake in shares of Ameriprise Financial in the second quarter valued at about $119,000. Valeo Financial Advisors LLC raised its holdings in shares of Ameriprise Financial by 56.7% in the second quarter. Valeo Financial Advisors LLC now owns 1,075 shares of the financial services provider’s stock valued at $147,000 after buying an additional 389 shares during the last quarter. Finally, First Mercantile Trust Co. purchased a new stake in shares of Ameriprise Financial in the second quarter valued at about $166,000. 81.72% of the stock is owned by hedge funds and other institutional investors.
Ameriprise Financial (NYSE:AMP) last issued its earnings results on Tuesday, October 23rd. The financial services provider reported $4.05 EPS for the quarter, topping analysts’ consensus estimates of $3.68 by $0.37. The firm had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. Ameriprise Financial had a net margin of 13.58% and a return on equity of 37.21%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.12 earnings per share. On average, equities analysts forecast that Ameriprise Financial will post 15.04 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 16th. Investors of record on Monday, November 5th will be given a $0.90 dividend. The ex-dividend date of this dividend is Friday, November 2nd. This represents a $3.60 dividend on an annualized basis and a yield of 2.82%. Ameriprise Financial’s dividend payout ratio (DPR) is presently 29.34%.
Ameriprise Financial Company Profile
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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