Sandler O’Neill set a $158.00 target price on Ameriprise Financial (NYSE:AMP) in a report released on Tuesday. The firm currently has a hold rating on the financial services provider’s stock.

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Ameriprise Financial from a buy rating to a hold rating in a research report on Wednesday, March 21st. Morgan Stanley upped their target price on shares of Ameriprise Financial from $187.00 to $190.00 and gave the stock an overweight rating in a research report on Thursday, January 25th. SunTrust Banks upped their target price on shares of Ameriprise Financial to $180.00 and gave the stock a hold rating in a research report on Friday, January 19th. Deutsche Bank began coverage on shares of Ameriprise Financial in a research report on Friday, March 2nd. They issued a buy rating for the company. Finally, UBS began coverage on shares of Ameriprise Financial in a research report on Friday, March 2nd. They issued a buy rating and a $217.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Ameriprise Financial has an average rating of Hold and a consensus target price of $167.22.

AMP opened at $141.74 on Tuesday. The stock has a market cap of $20,697.23, a P/E ratio of 11.55 and a beta of 1.84. Ameriprise Financial has a fifty-two week low of $118.84 and a fifty-two week high of $183.90. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.87.

Ameriprise Financial (NYSE:AMP) last posted its earnings results on Monday, April 23rd. The financial services provider reported $3.70 EPS for the quarter, topping the consensus estimate of $3.46 by $0.24. Ameriprise Financial had a net margin of 13.59% and a return on equity of 33.67%. The firm had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter in the prior year, the firm earned $2.52 EPS. Ameriprise Financial’s quarterly revenue was up 8.7% on a year-over-year basis. sell-side analysts predict that Ameriprise Financial will post 14.51 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 18th. Stockholders of record on Monday, May 7th will be issued a $0.90 dividend. The ex-dividend date is Friday, May 4th. This is a boost from Ameriprise Financial’s previous quarterly dividend of $0.83. This represents a $3.60 annualized dividend and a dividend yield of 2.54%. Ameriprise Financial’s dividend payout ratio (DPR) is 27.06%.

In other news, EVP Randy Kupper sold 4,381 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $159.61, for a total value of $699,251.41. Following the completion of the transaction, the executive vice president now directly owns 21,607 shares in the company, valued at $3,448,693.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.50% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Aristotle Capital Management LLC boosted its holdings in shares of Ameriprise Financial by 3.7% in the fourth quarter. Aristotle Capital Management LLC now owns 2,556,014 shares of the financial services provider’s stock valued at $433,167,000 after acquiring an additional 91,100 shares in the last quarter. Lyrical Asset Management LP boosted its holdings in Ameriprise Financial by 2.3% during the fourth quarter. Lyrical Asset Management LP now owns 2,108,953 shares of the financial services provider’s stock worth $357,404,000 after buying an additional 47,250 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Ameriprise Financial by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 1,539,034 shares of the financial services provider’s stock worth $260,259,000 after buying an additional 40,199 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in Ameriprise Financial by 19.0% during the fourth quarter. Allianz Asset Management GmbH now owns 936,100 shares of the financial services provider’s stock worth $158,640,000 after buying an additional 149,566 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Ameriprise Financial by 18.7% during the fourth quarter. Victory Capital Management Inc. now owns 655,315 shares of the financial services provider’s stock worth $111,057,000 after buying an additional 103,171 shares in the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

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.

Analyst Recommendations for Ameriprise Financial (NYSE:AMP)

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