StockNews.com initiated coverage on shares of Ameriprise Financial (NYSE:AMP – Get Rating) in a research report report published on Thursday. The firm issued a hold rating on the financial services provider’s stock.
AMP has been the topic of several other reports. Credit Suisse Group upped their price target on shares of Ameriprise Financial from $382.00 to $401.00 and gave the stock an outperform rating in a research report on Wednesday, February 1st. UBS Group lifted their price target on Ameriprise Financial from $355.00 to $370.00 and gave the stock a buy rating in a report on Monday, January 9th. Argus upped their price objective on Ameriprise Financial from $340.00 to $392.00 in a research note on Tuesday, January 31st. Morgan Stanley lifted their target price on Ameriprise Financial from $340.00 to $345.00 and gave the stock an equal weight rating in a research note on Tuesday, January 10th. Finally, Keefe, Bruyette & Woods boosted their target price on Ameriprise Financial from $350.00 to $375.00 and gave the stock a market perform rating in a report on Tuesday, January 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Ameriprise Financial has a consensus rating of Moderate Buy and a consensus target price of $347.18.
Ameriprise Financial Trading Down 2.3 %
Ameriprise Financial stock opened at $281.43 on Thursday. The company has a market cap of $29.95 billion, a price-to-earnings ratio of 12.54, a P/E/G ratio of 0.51 and a beta of 1.49. The firm has a 50-day moving average of $335.26 and a 200-day moving average of $310.37. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.69 and a quick ratio of 0.69. Ameriprise Financial has a one year low of $219.99 and a one year high of $357.46.
Ameriprise Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 28th. Stockholders of record on Friday, February 10th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.78%. The ex-dividend date was Thursday, February 9th. Ameriprise Financial’s dividend payout ratio is currently 22.27%.
Insider Transactions at Ameriprise Financial
In other Ameriprise Financial news, CEO William F. Truscott sold 11,483 shares of the stock in a transaction that occurred on Friday, January 27th. The stock was sold at an average price of $347.69, for a total transaction of $3,992,524.27. Following the transaction, the chief executive officer now directly owns 16,262 shares in the company, valued at approximately $5,654,134.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Ameriprise Financial news, CEO William F. Truscott sold 11,483 shares of Ameriprise Financial stock in a transaction on Friday, January 27th. The shares were sold at an average price of $347.69, for a total transaction of $3,992,524.27. Following the transaction, the chief executive officer now directly owns 16,262 shares of the company’s stock, valued at approximately $5,654,134.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William F. Truscott sold 11,480 shares of the business’s stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $355.33, for a total transaction of $4,079,188.40. Following the completion of the transaction, the chief executive officer now directly owns 17,489 shares in the company, valued at $6,214,366.37. The disclosure for this sale can be found here. Insiders sold 75,738 shares of company stock worth $26,606,004 over the last ninety days. 1.00% of the stock is owned by insiders.
Hedge Funds Weigh In On Ameriprise Financial
A number of large investors have recently added to or reduced their stakes in AMP. B. Riley Wealth Advisors Inc. raised its holdings in shares of Ameriprise Financial by 21.6% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 3,643 shares of the financial services provider’s stock valued at $1,134,000 after acquiring an additional 646 shares in the last quarter. Mather Group LLC. raised its position in Ameriprise Financial by 5.2% in the 4th quarter. Mather Group LLC. now owns 2,998 shares of the financial services provider’s stock worth $934,000 after buying an additional 147 shares during the last quarter. Great Lakes Retirement Inc. bought a new position in shares of Ameriprise Financial during the 4th quarter valued at $1,955,000. OLD Mission Capital LLC bought a new position in shares of Ameriprise Financial in the 4th quarter worth approximately $25,000. Finally, Voya Investment Management LLC raised its holdings in Ameriprise Financial by 1.5% in the 4th quarter. Voya Investment Management LLC now owns 81,368 shares of the financial services provider’s stock worth $25,336,000 after purchasing an additional 1,166 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.
Ameriprise Financial Company Profile
Ameriprise Financial, Inc operates as a holding company. The firm provides financial planning, asset management and insurance services to individuals, businesses and institutions. It operates through the following business segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other.
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