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

Ameriprise Financial, Inc. (NYSE:AMP - Get Free Report) has been assigned an average rating of "Hold" from the seven research firms that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $428.83.

A number of analysts have recently commented on the company. Morgan Stanley boosted their price objective on Ameriprise Financial from $394.00 to $400.00 and gave the company an "equal weight" rating in a research report on Monday, January 29th. Evercore ISI lowered Ameriprise Financial from an "outperform" rating to an "in-line" rating and lifted their price target for the stock from $385.00 to $400.00 in a research note on Thursday, January 4th. Raymond James began coverage on Ameriprise Financial in a research note on Thursday, March 21st. They issued a "market perform" rating on the stock. Royal Bank of Canada lifted their price target on Ameriprise Financial from $410.00 to $420.00 and gave the stock an "outperform" rating in a research note on Monday, January 22nd. Finally, The Goldman Sachs Group lifted their price target on Ameriprise Financial from $437.00 to $488.00 and gave the stock a "buy" rating in a research note on Wednesday, March 27th.

Insider Buying and Selling at Ameriprise Financial

In other news, Director Robert Francis Sharpe, Jr. sold 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $386.60, for a total value of $1,546,400.00. Following the completion of the sale, the director now directly owns 12,500 shares of the company's stock, valued at approximately $4,832,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Dawn M. Brockman sold 224 shares of the business's stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $434.13, for a total value of $97,245.12. Following the completion of the transaction, the senior vice president now directly owns 1,288 shares of the company's stock, valued at $559,159.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert Francis Sharpe, Jr. sold 4,000 shares of Ameriprise Financial stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $386.60, for a total value of $1,546,400.00. Following the completion of the sale, the director now directly owns 12,500 shares of the company's stock, valued at approximately $4,832,500. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 89,161 shares of company stock worth $35,560,647. 0.96% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Moneta Group Investment Advisors LLC raised its position in shares of Ameriprise Financial by 106,308.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,587,613 shares of the financial services provider's stock worth $494,335,000 after purchasing an additional 1,586,121 shares during the period. Norges Bank bought a new position in Ameriprise Financial during the 4th quarter valued at $514,539,000. First Trust Advisors LP boosted its stake in Ameriprise Financial by 1,001.2% during the 4th quarter. First Trust Advisors LP now owns 564,110 shares of the financial services provider's stock valued at $214,266,000 after purchasing an additional 512,884 shares in the last quarter. Nuveen Asset Management LLC lifted its position in shares of Ameriprise Financial by 29.7% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,673,748 shares of the financial services provider's stock valued at $555,952,000 after acquiring an additional 382,811 shares during the last quarter. Finally, TD Asset Management Inc lifted its position in shares of Ameriprise Financial by 151.5% during the 4th quarter. TD Asset Management Inc now owns 595,644 shares of the financial services provider's stock valued at $226,243,000 after acquiring an additional 358,780 shares during the last quarter. Institutional investors and hedge funds own 83.95% of the company's stock.

Ameriprise Financial Price Performance

Shares of Ameriprise Financial stock traded down $1.63 on Tuesday, reaching $433.20. The company's stock had a trading volume of 522,980 shares, compared to its average volume of 491,481. The company has a market capitalization of $43.40 billion, a P/E ratio of 18.27, a PEG ratio of 0.81 and a beta of 1.36. Ameriprise Financial has a 52-week low of $279.85 and a 52-week high of $440.64. The stock has a 50-day moving average price of $407.84 and a 200-day moving average price of $369.64. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.17.

Ameriprise Financial (NYSE:AMP - Get Free Report) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $7.75 EPS for the quarter, beating analysts' consensus estimates of $7.67 by $0.08. The business had revenue of $3.99 billion during the quarter, compared to analysts' expectations of $3.90 billion. Ameriprise Financial had a return on equity of 77.39% and a net margin of 16.27%. The business's revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business earned $6.94 earnings per share. Analysts expect that Ameriprise Financial will post 34.2 EPS for the current year.

Ameriprise Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Friday, February 9th were paid a $1.35 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $5.40 annualized dividend and a dividend yield of 1.25%. Ameriprise Financial's dividend payout ratio (DPR) is currently 22.78%.

About Ameriprise Financial

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.