Ameriprise Financial (NYSE:AMP) had its price target lowered by Morgan Stanley from $177.00 to $170.00 in a report released on Tuesday. Morgan Stanley currently has an overweight rating on the financial services provider’s stock.

Several other equities research analysts have also recently commented on the company. ValuEngine raised Ameriprise Financial from a sell rating to a hold rating in a research report on Thursday, September 6th. Zacks Investment Research cut Ameriprise Financial from a buy rating to a hold rating in a research report on Tuesday, September 25th. UBS Group dropped their price objective on Ameriprise Financial from $204.00 to $186.00 and set a buy rating on the stock in a research report on Wednesday, October 24th. Royal Bank of Canada set a $148.00 price objective on Ameriprise Financial and gave the company a hold rating in a research report on Wednesday, October 24th. Finally, Credit Suisse Group dropped their target price on Ameriprise Financial from $154.00 to $145.00 and set a neutral rating on the stock in a research report on Friday, August 17th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $160.38.

Ameriprise Financial stock opened at $126.48 on Tuesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.66 and a current ratio of 0.66. Ameriprise Financial has a one year low of $120.79 and a one year high of $183.90. The firm has a market cap of $17.43 billion, a P/E ratio of 10.31 and a beta of 1.79.

Ameriprise Financial (NYSE:AMP) last released its quarterly earnings data on Tuesday, October 23rd. The financial services provider reported $4.05 EPS for the quarter, beating the consensus estimate of $3.68 by $0.37. Ameriprise Financial had a return on equity of 37.21% and a net margin of 13.58%. The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same period last year, the firm posted $3.12 earnings per share. Ameriprise Financial’s revenue was up 4.7% compared to the same quarter last year. As a group, equities analysts anticipate that Ameriprise Financial will post 15.04 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 16th. Shareholders of record on Monday, November 5th will be given a $0.90 dividend. The ex-dividend date of this dividend is Friday, November 2nd. This represents a $3.60 annualized dividend and a yield of 2.85%. Ameriprise Financial’s payout ratio is 29.34%.

A number of large investors have recently made changes to their positions in the business. Telemus Capital LLC boosted its position in Ameriprise Financial by 3.9% in the second quarter. Telemus Capital LLC now owns 9,627 shares of the financial services provider’s stock worth $1,347,000 after purchasing an additional 362 shares during the last quarter. Pennsylvania Trust Co raised its stake in shares of Ameriprise Financial by 1.8% in the third quarter. Pennsylvania Trust Co now owns 20,975 shares of the financial services provider’s stock worth $3,098,000 after buying an additional 375 shares during the period. Gs Investments Inc. raised its stake in shares of Ameriprise Financial by 2.2% in the second quarter. Gs Investments Inc. now owns 18,145 shares of the financial services provider’s stock worth $2,538,000 after buying an additional 385 shares during the period. Valeo Financial Advisors LLC raised its stake in shares of Ameriprise Financial by 56.7% in the second quarter. Valeo Financial Advisors LLC now owns 1,075 shares of the financial services provider’s stock worth $147,000 after buying an additional 389 shares during the period. Finally, Captrust Financial Advisors raised its stake in shares of Ameriprise Financial by 10.0% in the second quarter. Captrust Financial Advisors now owns 4,368 shares of the financial services provider’s stock worth $611,000 after buying an additional 397 shares during the period. 83.62% of the stock is currently owned by institutional investors and hedge funds.

About Ameriprise Financial

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.

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Analyst Recommendations for Ameriprise Financial (NYSE:AMP)

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