Ameriprise Financial (NYSE:AMP) PT Raised to $445.00

Ameriprise Financial (NYSE:AMP) had its target price raised by analysts at Evercore ISI from $400.00 to $445.00 in a research note issued on Thursday, Benzinga reports. The firm presently has an “in-line” rating on the financial services provider’s stock. Evercore ISI’s price objective suggests a potential upside of 7.57% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Piper Sandler increased their price objective on Ameriprise Financial from $360.00 to $392.00 and gave the stock an “underweight” rating in a research report on Friday, April 5th. Morgan Stanley lifted their price target on Ameriprise Financial from $400.00 to $437.00 and gave the company an “equal weight” rating in a research report on Tuesday. Keefe, Bruyette & Woods boosted their price objective on Ameriprise Financial from $420.00 to $460.00 and gave the stock a “market perform” rating in a report on Wednesday. Raymond James assumed coverage on shares of Ameriprise Financial in a research note on Thursday, March 21st. They issued a “market perform” rating on the stock. Finally, Royal Bank of Canada boosted their price target on shares of Ameriprise Financial from $410.00 to $420.00 and gave the stock an “outperform” rating in a research note on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $441.00.

Ameriprise Financial Trading Down 2.1 %

Shares of AMP opened at $413.70 on Thursday. Ameriprise Financial has a twelve month low of $279.85 and a twelve month high of $440.67. The stock has a market cap of $41.45 billion, a PE ratio of 17.45, a P/E/G ratio of 0.70 and a beta of 1.36. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.17. The business’s 50-day moving average price is $414.84 and its 200-day moving average price is $374.70.

Ameriprise Financial (NYSE:AMP) last posted its earnings results on Thursday, January 25th. The financial services provider reported $7.75 earnings per share for the quarter, topping analysts’ consensus estimates of $7.67 by $0.08. Ameriprise Financial had a net margin of 16.27% and a return on equity of 77.39%. The business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.90 billion. During the same quarter in the prior year, the firm posted $6.94 EPS. Ameriprise Financial’s revenue was up 9.0% on a year-over-year basis. On average, equities analysts forecast that Ameriprise Financial will post 34.54 EPS for the current fiscal year.

Insider Buying and Selling at Ameriprise Financial

In related news, CEO William F. Truscott sold 9,689 shares of Ameriprise Financial stock in a transaction on Friday, January 26th. The shares were sold at an average price of $390.22, for a total value of $3,780,841.58. Following the transaction, the chief executive officer now owns 12,126 shares in the company, valued at approximately $4,731,807.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO William F. Truscott sold 9,689 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $390.22, for a total transaction of $3,780,841.58. Following the transaction, the chief executive officer now directly owns 12,126 shares in the company, valued at approximately $4,731,807.72. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Gumer Alvero sold 1,652 shares of Ameriprise Financial stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $437.00, for a total value of $721,924.00. Following the completion of the transaction, the insider now directly owns 6,994 shares in the company, valued at $3,056,378. The disclosure for this sale can be found here. Insiders have sold 89,161 shares of company stock worth $35,560,647 over the last ninety days. Insiders own 0.73% of the company’s stock.

Institutional Investors Weigh In On Ameriprise Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BOKF NA grew its holdings in Ameriprise Financial by 12.7% in the 2nd quarter. BOKF NA now owns 12,334 shares of the financial services provider’s stock worth $4,097,000 after acquiring an additional 1,390 shares during the last quarter. Venture Visionary Partners LLC grew its stake in shares of Ameriprise Financial by 2.9% in the fourth quarter. Venture Visionary Partners LLC now owns 14,874 shares of the financial services provider’s stock worth $5,650,000 after purchasing an additional 416 shares during the last quarter. 17 Capital Partners LLC bought a new stake in shares of Ameriprise Financial in the fourth quarter worth about $2,078,000. Acadian Asset Management LLC purchased a new position in Ameriprise Financial during the 3rd quarter valued at about $1,150,000. Finally, Amalgamated Bank raised its position in Ameriprise Financial by 6.4% during the 3rd quarter. Amalgamated Bank now owns 30,245 shares of the financial services provider’s stock valued at $9,971,000 after purchasing an additional 1,806 shares during the last quarter. 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.