Ameriprise Financial, Inc. (NYSE:AMP) Given Consensus Rating of "Hold" by Analysts

Key Points

• Ameriprise Financial has received a consensus rating of "Hold" from nine rating firms, with varied ratings including two sell, four hold, two buy, and one strong buy.
• The company's recent quarterly earnings surpassed expectations, reporting $9.11 EPS against a forecast of $9.00 and a revenue increase to $4.49 billion.
• Ameriprise Financial recently declared a quarterly dividend of $1.60, which resulted in an annualized yield of 1.3% and reflects a payout ratio of approximately 19.91%.

Ameriprise Financial, Inc. (NYSE:AMP - Get Free Report) has earned a consensus rating of "Hold" from the nine ratings firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $535.1429.

AMP has been the subject of a number of research analyst reports. Raymond James Financial increased their price target on Ameriprise Financial from $518.00 to $582.00 and gave the company a "strong-buy" rating in a research report on Friday, July 25th. BMO Capital Markets assumed coverage on shares of Ameriprise Financial in a report on Friday. They set a "market perform" rating and a $525.00 price objective on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Ameriprise Financial in a report on Saturday, September 27th. William Blair downgraded shares of Ameriprise Financial from an "outperform" rating to a "market perform" rating in a report on Friday, July 25th. Finally, Morgan Stanley dropped their price objective on shares of Ameriprise Financial from $530.00 to $484.00 and set an "underweight" rating on the stock in a report on Wednesday.

Ameriprise Financial Trading Up 0.2%

AMP opened at $491.67 on Friday. Ameriprise Financial has a twelve month low of $396.14 and a twelve month high of $582.05. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.95. The company has a fifty day moving average of $502.93 and a 200-day moving average of $502.10. The stock has a market cap of $46.35 billion, a PE ratio of 15.30, a price-to-earnings-growth ratio of 1.11 and a beta of 1.26.

Ameriprise Financial (NYSE:AMP - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The financial services provider reported $9.11 earnings per share for the quarter, topping the consensus estimate of $9.00 by $0.11. Ameriprise Financial had a net margin of 18.30% and a return on equity of 65.90%. The company had revenue of $4.49 billion during the quarter, compared to analysts' expectations of $4.33 billion. During the same period in the prior year, the company posted $8.72 earnings per share. Ameriprise Financial's revenue for the quarter was up 2.2% compared to the same quarter last year. On average, sell-side analysts predict that Ameriprise Financial will post 38.64 EPS for the current year.

Ameriprise Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Monday, August 4th were issued a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, August 4th. Ameriprise Financial's dividend payout ratio is presently 19.91%.

Insider Transactions at Ameriprise Financial

In other news, CEO William F. Truscott sold 9,929 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $506.89, for a total value of $5,032,910.81. Following the sale, the chief executive officer directly owned 11,047 shares of the company's stock, valued at approximately $5,599,613.83. This represents a 47.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Heather J. Melloh sold 1,500 shares of the stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $512.34, for a total transaction of $768,510.00. Following the completion of the sale, the executive vice president directly owned 2,562 shares in the company, valued at approximately $1,312,615.08. The trade was a 36.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.73% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AMP. Whipplewood Advisors LLC increased its position in shares of Ameriprise Financial by 71.0% in the second quarter. Whipplewood Advisors LLC now owns 53 shares of the financial services provider's stock worth $28,000 after purchasing an additional 22 shares during the last quarter. TD Capital Management LLC increased its position in shares of Ameriprise Financial by 566.7% in the first quarter. TD Capital Management LLC now owns 60 shares of the financial services provider's stock worth $29,000 after purchasing an additional 51 shares during the last quarter. Wealth Preservation Advisors LLC bought a new position in shares of Ameriprise Financial in the first quarter worth approximately $29,000. Salomon & Ludwin LLC increased its position in shares of Ameriprise Financial by 115.4% in the second quarter. Salomon & Ludwin LLC now owns 56 shares of the financial services provider's stock worth $30,000 after purchasing an additional 30 shares during the last quarter. Finally, Winnow Wealth LLC bought a new position in shares of Ameriprise Financial in the second quarter worth approximately $32,000. 83.95% of the stock is currently owned by institutional investors.

Ameriprise Financial Company Profile

Ameriprise Financial, Inc, together with its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through four segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other.

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