Ameriprise Financial (NYSE:AMP) had its target price raised by equities researchers at SunTrust Banks to $180.00 in a report issued on Friday, January 19th, The Fly reports. The firm currently has a “hold” rating on the financial services provider’s stock. SunTrust Banks’ price target points to a potential upside of 0.09% from the stock’s current price. SunTrust Banks also issued estimates for Ameriprise Financial’s Q1 2018 earnings at $3.41 EPS, Q2 2018 earnings at $3.59 EPS, Q3 2018 earnings at $3.67 EPS and Q4 2018 earnings at $3.67 EPS.

A number of other analysts also recently commented on the company. Zacks Investment Research upgraded Ameriprise Financial from a “hold” rating to a “buy” rating and set a $167.00 price objective for the company in a research report on Thursday, October 5th. Royal Bank of Canada set a $168.00 price objective on Ameriprise Financial and gave the stock a “hold” rating in a research report on Saturday, December 16th. Morgan Stanley raised their price objective on Ameriprise Financial from $152.00 to $162.00 and gave the stock an “overweight” rating in a research report on Thursday, October 5th. ValuEngine downgraded Ameriprise Financial from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Barclays reiterated an “equal weight” rating on shares of Ameriprise Financial in a research report on Monday, October 2nd. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $164.98.

Shares of Ameriprise Financial (NYSE:AMP) traded up $6.71 during mid-day trading on Friday, hitting $179.84. The company’s stock had a trading volume of 1,462,951 shares, compared to its average volume of 979,394. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.67 and a quick ratio of 0.67. Ameriprise Financial has a 52 week low of $110.97 and a 52 week high of $183.90. The company has a market cap of $26,600.00, a P/E ratio of 19.07 and a beta of 1.93.

Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $1.18 EPS for the quarter, missing the Zacks’ consensus estimate of $3.08 by ($1.90). Ameriprise Financial had a return on equity of 31.03% and a net margin of 12.31%. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the prior year, the business posted $2.46 EPS. Ameriprise Financial’s revenue was up 9.6% compared to the same quarter last year. equities analysts expect that Ameriprise Financial will post 14.36 EPS for the current year.

In other news, insider Joseph Edward Sweeney sold 7,329 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $169.47, for a total value of $1,242,045.63. Following the completion of the transaction, the insider now directly owns 37,991 shares of the company’s stock, valued at approximately $6,438,334.77. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman James M. Cracchiolo sold 42,228 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $159.33, for a total value of $6,728,187.24. Following the completion of the transaction, the chairman now directly owns 242,013 shares of the company’s stock, valued at $38,559,931.29. The disclosure for this sale can be found here. Over the last three months, insiders sold 57,405 shares of company stock valued at $9,284,389. 1.50% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Welch & Forbes LLC increased its holdings in Ameriprise Financial by 1.4% during the 4th quarter. Welch & Forbes LLC now owns 191,606 shares of the financial services provider’s stock valued at $32,472,000 after purchasing an additional 2,680 shares in the last quarter. Farmers & Merchants Investments Inc. increased its holdings in Ameriprise Financial by 40.6% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 31,161 shares of the financial services provider’s stock valued at $5,281,000 after purchasing an additional 9,002 shares in the last quarter. Eqis Capital Management Inc. acquired a new stake in Ameriprise Financial during the 4th quarter valued at $411,000. Robeco Institutional Asset Management B.V. increased its holdings in Ameriprise Financial by 21.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 137,948 shares of the financial services provider’s stock valued at $23,379,000 after purchasing an additional 24,694 shares in the last quarter. Finally, Courier Capital LLC acquired a new stake in Ameriprise Financial during the 4th quarter valued at $260,000. 81.39% of the stock is owned by hedge funds and other institutional investors.

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Ameriprise Financial 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.

The Fly

Analyst Recommendations for Ameriprise Financial (NYSE:AMP)

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