Barclays PLC reaffirmed their equal weight rating on shares of AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) in a research note issued to investors on Monday morning, Marketbeat.com reports.

AMP has been the topic of a number of other reports. BidaskClub raised shares of AMERIPRISE FINANCIAL SERVICES, INC. from a sell rating to a hold rating in a research note on Tuesday, June 20th. Morgan Stanley boosted their price target on shares of AMERIPRISE FINANCIAL SERVICES, INC. from $148.00 to $152.00 and gave the company an overweight rating in a research note on Wednesday, July 26th. Zacks Investment Research raised shares of AMERIPRISE FINANCIAL SERVICES, INC. from a hold rating to a buy rating and set a $155.00 price target on the stock in a research note on Friday, September 1st. Finally, Royal Bank Of Canada began coverage on shares of AMERIPRISE FINANCIAL SERVICES, INC. in a research note on Thursday, June 29th. They issued a sector perform rating and a $135.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. AMERIPRISE FINANCIAL SERVICES, INC. has a consensus rating of Hold and an average target price of $147.09.

AMERIPRISE FINANCIAL SERVICES, INC. (NYSE AMP) opened at 149.87 on Monday. The firm has a 50-day moving average of $140.51 and a 200-day moving average of $133.22. The company has a market capitalization of $22.47 billion, a P/E ratio of 17.17 and a beta of 1.88. AMERIPRISE FINANCIAL SERVICES, INC. has a 52 week low of $86.25 and a 52 week high of $151.03.

AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) last released its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $2.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.62 by $0.18. The business had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.90 billion. AMERIPRISE FINANCIAL SERVICES, INC. had a net margin of 11.81% and a return on equity of 26.54%. The business’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.23 EPS. Analysts anticipate that AMERIPRISE FINANCIAL SERVICES, INC. will post $11.28 EPS for the current fiscal year.

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In related news, Chairman James M. Cracchiolo sold 97,545 shares of AMERIPRISE FINANCIAL SERVICES, INC. stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $144.67, for a total value of $14,111,835.15. Following the completion of the transaction, the chairman now owns 474,139 shares in the company, valued at $68,593,689.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William F. Truscott sold 19,768 shares of AMERIPRISE FINANCIAL SERVICES, INC. stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $144.43, for a total transaction of $2,855,092.24. Following the completion of the transaction, the chief executive officer now owns 70,693 shares of the company’s stock, valued at approximately $10,210,189.99. The disclosure for this sale can be found here. Insiders sold 182,979 shares of company stock valued at $26,479,126 in the last 90 days. Company insiders own 1.50% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. IHT Wealth Management LLC grew its holdings in AMERIPRISE FINANCIAL SERVICES, INC. by 284.0% during the 2nd quarter. IHT Wealth Management LLC now owns 311 shares of the financial services provider’s stock worth $113,000 after acquiring an additional 230 shares in the last quarter. Parallel Advisors LLC grew its holdings in AMERIPRISE FINANCIAL SERVICES, INC. by 17.5% during the 2nd quarter. Parallel Advisors LLC now owns 777 shares of the financial services provider’s stock worth $113,000 after acquiring an additional 116 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its holdings in AMERIPRISE FINANCIAL SERVICES, INC. by 0.7% during the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 834 shares of the financial services provider’s stock worth $106,000 after acquiring an additional 6 shares in the last quarter. Mckinley Capital Management LLC Delaware acquired a new position in AMERIPRISE FINANCIAL SERVICES, INC. during the 1st quarter worth approximately $124,000. Finally, Sun Life Financial INC grew its holdings in AMERIPRISE FINANCIAL SERVICES, INC. by 10,100.0% during the 2nd quarter. Sun Life Financial INC now owns 1,122 shares of the financial services provider’s stock worth $143,000 after acquiring an additional 1,111 shares in the last quarter. Institutional investors own 79.39% of the company’s stock.

AMERIPRISE FINANCIAL SERVICES, INC. Company Profile

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 SERVICES, INC. (NYSE:AMP)

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