Sandler O’Neill set a $165.00 price target on Ameriprise Financial (NYSE:AMP) in a report released on Monday. The brokerage currently has a hold rating on the financial services provider’s stock.

Several other brokerages have also recently weighed in on AMP. Morgan Stanley boosted their price objective on Ameriprise Financial from $187.00 to $190.00 and gave the stock an overweight rating in a research note on Thursday, January 25th. SunTrust Banks boosted their price objective on Ameriprise Financial to $180.00 and gave the stock a hold rating in a research note on Friday, January 19th. Zacks Investment Research raised Ameriprise Financial from a hold rating to a buy rating and set a $195.00 target price on the stock in a research note on Wednesday, January 10th. Royal Bank of Canada set a $168.00 target price on Ameriprise Financial and gave the company a hold rating in a research note on Saturday, December 16th. Finally, ValuEngine cut Ameriprise Financial from a strong-buy rating to a buy rating in a research note on Friday, December 1st. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $164.98.

Shares of Ameriprise Financial (AMP) opened at $160.55 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.67 and a current ratio of 0.67. Ameriprise Financial has a 52 week low of $118.84 and a 52 week high of $183.90. The firm has a market capitalization of $23,750.00, a P/E ratio of 17.03 and a beta of 1.85.

Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $1.18 earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same period in the previous year, the firm earned $2.46 earnings per share. The company’s revenue was up 9.6% compared to the same quarter last year. equities analysts predict that Ameriprise Financial will post 14.43 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Friday, February 16th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.07%. Ameriprise Financial’s dividend payout ratio is 35.21%.

In other news, EVP Deirdre Davey Mcgraw sold 5,500 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $174.04, for a total transaction of $957,220.00. Following the transaction, the executive vice president now owns 8,138 shares of the company’s stock, valued at $1,416,337.52. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO William F. Truscott sold 31,379 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $173.64, for a total value of $5,448,649.56. Following the transaction, the chief executive officer now directly owns 67,058 shares in the company, valued at approximately $11,643,951.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,628 shares of company stock worth $8,570,993. Insiders own 1.50% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Icon Wealth Partners LLC bought a new position in Ameriprise Financial in the fourth quarter worth approximately $101,000. Lee Financial Co grew its stake in Ameriprise Financial by 99.4% in the fourth quarter. Lee Financial Co now owns 682 shares of the financial services provider’s stock worth $116,000 after purchasing an additional 340 shares in the last quarter. Virtue Capital Management LLC bought a new position in Ameriprise Financial in the fourth quarter worth approximately $128,000. Whittier Trust Co. of Nevada Inc. grew its stake in Ameriprise Financial by 150.0% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 780 shares of the financial services provider’s stock worth $132,000 after purchasing an additional 468 shares in the last quarter. Finally, Crewe Advisors LLC bought a new position in Ameriprise Financial in the fourth quarter worth approximately $133,000. 80.20% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: “Ameriprise Financial (AMP) Given a $165.00 Price Target by Sandler O’Neill Analysts” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this article can be viewed at https://www.thecerbatgem.com/2018/02/15/ameriprise-financial-amp-given-a-165-00-price-target-by-sandler-oneill-analysts.html.

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)

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.