Ameriprise Financial (NYSE:AMP) received a $165.00 target price from investment analysts at Sandler O’Neill in a research report issued to clients and investors on Monday. The firm currently has a “hold” rating on the financial services provider’s stock. Sandler O’Neill’s price target points to a potential upside of 5.35% from the company’s previous close.

Several other brokerages have also recently issued reports on AMP. Royal Bank of Canada set a $155.00 price objective on shares of Ameriprise Financial and gave the company a “sector perform” rating in a research note on Wednesday, October 25th. Zacks Investment Research raised shares of Ameriprise Financial from a “hold” rating to a “buy” rating and set a $195.00 price objective on the stock in a research note on Wednesday, January 10th. SunTrust Banks boosted their price objective on shares of Ameriprise Financial from $140.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. Morgan Stanley boosted their price objective on shares of Ameriprise Financial from $187.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. Finally, ValuEngine cut shares of Ameriprise Financial from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $164.98.

Ameriprise Financial (AMP) opened at $156.62 on Monday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market cap of $23,170.00, a price-to-earnings ratio of 16.61 and a beta of 1.85. Ameriprise Financial has a 12 month low of $118.84 and a 12 month high of $183.90.

Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.08 by ($1.90). The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.05 billion. Ameriprise Financial had a net margin of 12.31% and a return on equity of 31.03%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.46 earnings per share. equities research analysts anticipate that Ameriprise Financial will post 14.43 earnings per share for the current fiscal year.

In other Ameriprise Financial news, insider David Kent Stewart sold 603 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $160.72, for a total transaction of $96,914.16. Following the sale, the insider now directly owns 20,081 shares in the company, valued at approximately $3,227,418.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph Edward Sweeney sold 7,329 shares of the business’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $169.47, for a total transaction of $1,242,045.63. Following the sale, the insider now owns 37,991 shares in the company, valued at $6,438,334.77. The disclosure for this sale can be found here. Insiders have sold a total of 49,628 shares of company stock worth $8,570,993 over the last 90 days. Insiders own 1.50% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Icon Wealth Partners LLC purchased a new stake in shares of Ameriprise Financial in the 4th quarter worth about $101,000. Capital Analysts LLC boosted its position in shares of Ameriprise Financial by 953.0% in the 4th quarter. Capital Analysts LLC now owns 5,981 shares of the financial services provider’s stock worth $104,000 after buying an additional 5,413 shares in the last quarter. Lee Financial Co boosted its position in shares of Ameriprise Financial by 99.4% in the 4th quarter. Lee Financial Co now owns 682 shares of the financial services provider’s stock worth $116,000 after buying an additional 340 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Ameriprise Financial by 150.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 780 shares of the financial services provider’s stock worth $132,000 after buying an additional 468 shares in the last quarter. Finally, Crewe Advisors LLC purchased a new stake in shares of Ameriprise Financial in the 4th quarter worth about $133,000. Institutional investors and hedge funds own 80.20% of the company’s stock.

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About Ameriprise Financial

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.

Analyst Recommendations for Ameriprise Financial (NYSE:AMP)

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