TheStreet downgraded shares of Ameriprise Financial (NYSE:AMP) from a b- rating to a c+ rating in a research note released on Monday, TheStreetRatingsTable reports.
AMP has been the subject of a number of other reports. Zacks Investment Research cut shares of Ameriprise Financial from a buy rating to a hold rating and set a $93.00 price target for the company. in a research report on Tuesday, March 17th. Royal Bank of Canada lifted their price target on shares of Ameriprise Financial from $190.00 to $196.00 and gave the company an outperform rating in a research report on Friday, January 31st. Argus restated a buy rating and set a $190.00 price objective on shares of Ameriprise Financial in a research note on Tuesday, February 4th. Cfra raised their price objective on shares of Ameriprise Financial from $165.00 to $189.00 and gave the company a buy rating in a research note on Monday, February 3rd. Finally, Piper Sandler reduced their price objective on shares of Ameriprise Financial from $189.00 to $145.00 and set an overweight rating for the company in a research note on Tuesday, March 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $169.64.
Shares of NYSE AMP opened at $110.87 on Monday. Ameriprise Financial has a 1 year low of $80.01 and a 1 year high of $180.85. The stock has a market cap of $12.30 billion, a P/E ratio of 7.94 and a beta of 1.85. The firm has a 50-day moving average of $141.28 and a 200 day moving average of $152.93. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.67 and a quick ratio of 0.67.
Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.25 by ($0.05). Ameriprise Financial had a net margin of 14.60% and a return on equity of 37.39%. The business had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same period last year, the business earned $3.80 earnings per share. The company’s revenue was up 3.4% on a year-over-year basis. Research analysts expect that Ameriprise Financial will post 16.8 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.97 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $3.88 dividend on an annualized basis and a yield of 3.50%. Ameriprise Financial’s dividend payout ratio is currently 24.10%.
In other news, VP Karen Wilson Thissen sold 530 shares of Ameriprise Financial stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $175.72, for a total value of $93,131.60. Following the completion of the sale, the vice president now directly owns 13,194 shares in the company, valued at $2,318,449.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Walter Stanley Berman sold 52,160 shares of Ameriprise Financial stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $177.43, for a total transaction of $9,254,748.80. Following the completion of the sale, the chief financial officer now owns 69,433 shares of the company’s stock, valued at $12,319,497.19. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 59,805 shares of company stock valued at $10,595,994. 1.90% of the stock is owned by company insiders.
Several hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in shares of Ameriprise Financial by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 2,387,878 shares of the financial services provider’s stock worth $397,100,000 after acquiring an additional 51,693 shares during the period. Lyrical Asset Management LP grew its stake in shares of Ameriprise Financial by 3.4% in the fourth quarter. Lyrical Asset Management LP now owns 2,306,183 shares of the financial services provider’s stock worth $384,164,000 after acquiring an additional 76,704 shares during the period. UBS Asset Management Americas Inc. grew its stake in shares of Ameriprise Financial by 2.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,962,139 shares of the financial services provider’s stock worth $326,853,000 after acquiring an additional 47,299 shares during the period. Norges Bank bought a new stake in shares of Ameriprise Financial in the fourth quarter worth approximately $315,734,000. Finally, Boston Partners grew its stake in shares of Ameriprise Financial by 29.8% in the fourth quarter. Boston Partners now owns 1,782,263 shares of the financial services provider’s stock worth $296,906,000 after acquiring an additional 409,195 shares during the period. Hedge funds and other institutional investors own 85.75% of the company’s stock.
Ameriprise Financial Company Profile
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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