Shares of Ameriprise Financial, Inc. (NYSE:AMP – Get Rating) have been given an average rating of “Moderate Buy” by the eleven research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $339.56.
Several research analysts recently commented on AMP shares. UBS Group lowered their target price on Ameriprise Financial from $360.00 to $350.00 and set a “buy” rating for the company in a research note on Tuesday, April 26th. William Blair reissued an “outperform” rating on shares of Ameriprise Financial in a report on Tuesday, April 26th. StockNews.com started coverage on Ameriprise Financial in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Piper Sandler lowered their price target on Ameriprise Financial from $275.00 to $253.00 and set an “underweight” rating on the stock in a report on Thursday, June 16th. Finally, Jefferies Financial Group increased their target price on Ameriprise Financial from $325.00 to $350.00 and gave the company a “buy” rating in a report on Monday, April 4th.
In other Ameriprise Financial news, insider Gumer Alvero sold 2,044 shares of the firm’s stock in a transaction dated Friday, March 25th. The shares were sold at an average price of $314.30, for a total value of $642,429.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Walter Stanley Berman sold 8,711 shares of the firm’s stock in a transaction dated Monday, March 28th. The stock was sold at an average price of $312.01, for a total transaction of $2,717,919.11. The disclosure for this sale can be found here. Insiders sold 67,377 shares of company stock valued at $21,148,716 over the last quarter. Insiders own 1.00% of the company’s stock.
Shares of Ameriprise Financial stock opened at $242.60 on Wednesday. Ameriprise Financial has a one year low of $233.16 and a one year high of $332.37. The company has a market cap of $26.66 billion, a price-to-earnings ratio of 9.32 and a beta of 1.49. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.94 and a current ratio of 0.94. The business’s 50 day moving average price is $267.34 and its 200 day moving average price is $289.32.
Ameriprise Financial (NYSE:AMP – Get Rating) last posted its earnings results on Monday, April 25th. The financial services provider reported $5.98 EPS for the quarter, beating analysts’ consensus estimates of $5.93 by $0.05. Ameriprise Financial had a return on equity of 50.02% and a net margin of 22.45%. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the previous year, the business earned $5.43 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, analysts predict that Ameriprise Financial will post 25.49 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, May 20th. Investors of record on Monday, May 9th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.06%. This is an increase from Ameriprise Financial’s previous quarterly dividend of $1.13. The ex-dividend date was Friday, May 6th. Ameriprise Financial’s dividend payout ratio (DPR) is 19.20%.
About Ameriprise Financial (Get Rating)
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 four segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other.
- Get a free copy of the StockNews.com research report on Ameriprise Financial (AMP)
- Buy the Dip in These 3 Mid-Caps
- Lululemon Stock Bestows a Buying Opportunity
- ABM Industries, A Clean Play For Dirty Economic Times
- Should Silver Stocks Be A Part Of Your Portfolio?
- This Still Isn’t A Buyable Bottom For Stocks
Want More Great Investing Ideas?
- Bear Market Game Plan!
- The 10 Best Stocks to Own in 2022
- 7 Stocks to Buy and Hold Forever
- 3 Stocks to DOUBLE This Year
Receive News & Ratings for Ameriprise Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameriprise Financial and related companies with MarketBeat.com's FREE daily email newsletter.