Morgan Stanley Issues Pessimistic Forecast for Ameriprise Financial (NYSE:AMP) Stock Price

Key Points

• Morgan Stanley cut its price target on Ameriprise from $485 to $452 and kept an "underweight" rating, implying roughly a 0.11% downside from the current share price.
• Analyst views are mixed—MarketBeat reports an average rating of Hold with an average price target of $544.22, while individual ratings range from Strong Buy to Sell.
• Ameriprise beat Q4 expectations (EPS $10.83 vs. $10.33; revenue $4.92B vs. $4.75B), but notable insider selling by the CEO and CFO reduced insider ownership to about 0.60%.

Ameriprise Financial (NYSE:AMP - Get Free Report) had its target price decreased by equities research analysts at Morgan Stanley from $485.00 to $452.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an "underweight" rating on the financial services provider's stock. Morgan Stanley's target price indicates a potential downside of 0.11% from the company's current price.

Other equities analysts have also issued reports about the company. Piper Sandler decreased their price objective on Ameriprise Financial from $530.00 to $460.00 and set a "hold" rating for the company in a research report on Tuesday. Raymond James Financial set a $582.00 price objective on Ameriprise Financial and gave the company a "strong-buy" rating in a research report on Wednesday, February 11th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $605.00 price objective (up from $580.00) on shares of Ameriprise Financial in a research report on Monday, February 2nd. Weiss Ratings reiterated a "buy (b-)" rating on shares of Ameriprise Financial in a research report on Monday, December 29th. Finally, BMO Capital Markets reiterated a "market perform" rating on shares of Ameriprise Financial in a research report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Ameriprise Financial currently has an average rating of "Hold" and an average price target of $544.22.

Ameriprise Financial Stock Performance

Shares of AMP stock opened at $452.51 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a market cap of $41.26 billion, a PE ratio of 12.45, a price-to-earnings-growth ratio of 1.10 and a beta of 1.27. The stock has a 50-day moving average of $467.07 and a 200-day moving average of $477.13. Ameriprise Financial has a one year low of $422.37 and a one year high of $550.18.

Ameriprise Financial (NYSE:AMP - Get Free Report) last announced its quarterly earnings results on Thursday, January 29th. The financial services provider reported $10.83 EPS for the quarter, beating analysts' consensus estimates of $10.33 by $0.50. The company had revenue of $4.92 billion during the quarter, compared to analysts' expectations of $4.75 billion. Ameriprise Financial had a return on equity of 63.04% and a net margin of 19.28%.Ameriprise Financial's revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the business posted $9.54 EPS. As a group, sell-side analysts expect that Ameriprise Financial will post 38.64 earnings per share for the current year.

Insider Buying and Selling at Ameriprise Financial

In other Ameriprise Financial news, CEO William F. Truscott sold 5,000 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $532.08, for a total transaction of $2,660,400.00. Following the transaction, the chief executive officer owned 12,149 shares in the company, valued at $6,464,239.92. This trade represents a 29.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Walter Stanley Berman sold 7,000 shares of the stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $544.22, for a total value of $3,809,540.00. Following the transaction, the chief financial officer owned 5,609 shares in the company, valued at $3,052,529.98. The trade was a 55.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 16,658 shares of company stock valued at $8,998,675 in the last quarter. 0.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. SouthState Bank Corp increased its stake in Ameriprise Financial by 78.6% during the 4th quarter. SouthState Bank Corp now owns 50 shares of the financial services provider's stock worth $25,000 after acquiring an additional 22 shares during the period. Holos Integrated Wealth LLC bought a new position in shares of Ameriprise Financial in the fourth quarter worth $30,000. Heartwood Wealth Advisors LLC bought a new position in shares of Ameriprise Financial in the third quarter worth $32,000. Redmont Wealth Advisors LLC bought a new position in shares of Ameriprise Financial in the third quarter worth $32,000. Finally, Ares Financial Consulting LLC bought a new position in shares of Ameriprise Financial in the fourth quarter worth $32,000. Institutional investors own 83.95% of the company's stock.

Ameriprise Financial Company Profile

Ameriprise Financial, Inc is a diversified financial services company headquartered in Minneapolis, Minnesota. The firm provides a range of advice-based wealth management, asset management and insurance products to individual and institutional clients. Its business model centers on delivering financial planning and investment advice through a network of financial advisors alongside proprietary product offerings designed to meet retirement, protection and accumulation needs.

Core products and services include comprehensive financial planning and advisory services, managed investment portfolios, retirement planning solutions, annuities and life insurance products.

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