Shares of Ameriprise Financial, Inc. (NYSE:AMP) have been assigned an average recommendation of “Buy” from the thirteen research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $165.40.

Several brokerages have recently commented on AMP. Citigroup dropped their target price on shares of Ameriprise Financial from $200.00 to $176.00 in a research report on Thursday, March 5th. Cfra dropped their target price on shares of Ameriprise Financial from $189.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. ValuEngine cut shares of Ameriprise Financial from a “sell” rating to a “strong sell” rating in a research report on Thursday, May 7th. Goldman Sachs Group upgraded shares of Ameriprise Financial from a “neutral” rating to a “buy” rating and boosted their target price for the company from $125.00 to $185.00 in a research report on Thursday, June 25th. Finally, Piper Sandler dropped their target price on shares of Ameriprise Financial from $145.00 to $130.00 and set an “overweight” rating for the company in a research report on Friday, April 3rd.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Telemus Capital LLC increased its position in Ameriprise Financial by 180.8% in the 1st quarter. Telemus Capital LLC now owns 6,219 shares of the financial services provider’s stock valued at $871,000 after acquiring an additional 4,004 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Ameriprise Financial by 3.7% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 22,595 shares of the financial services provider’s stock valued at $2,316,000 after purchasing an additional 803 shares during the last quarter. Great Lakes Retirement Inc. bought a new stake in shares of Ameriprise Financial in the 1st quarter valued at $521,000. Guggenheim Capital LLC boosted its stake in shares of Ameriprise Financial by 7.7% in the 1st quarter. Guggenheim Capital LLC now owns 22,354 shares of the financial services provider’s stock valued at $2,291,000 after purchasing an additional 1,595 shares during the last quarter. Finally, Tredje AP fonden boosted its stake in shares of Ameriprise Financial by 19.7% in the 1st quarter. Tredje AP fonden now owns 9,544 shares of the financial services provider’s stock valued at $978,000 after purchasing an additional 1,572 shares during the last quarter. Hedge funds and other institutional investors own 83.20% of the company’s stock.

NYSE AMP traded up $1.40 during trading on Friday, reaching $149.76. The company’s stock had a trading volume of 30,899 shares, compared to its average volume of 1,304,598. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $17.99 billion, a price-to-earnings ratio of 5.49 and a beta of 1.84. Ameriprise Financial has a 12 month low of $80.01 and a 12 month high of $180.85. The firm has a 50 day moving average price of $141.42 and a 200 day moving average price of $142.00.

Ameriprise Financial (NYSE:AMP) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.88 by $1.53. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.86 billion. Ameriprise Financial had a net margin of 27.50% and a return on equity of 38.86%. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.75 EPS. On average, equities analysts forecast that Ameriprise Financial will post 16.67 EPS for the current fiscal year.

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 five segments: Advice & Wealth Management, Asset Management, Annuities, Protection, and Corporate & Other.

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Analyst Recommendations for Ameriprise Financial (NYSE:AMP)

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