Sandler O’Neill set a $150.00 target price on Ameriprise Financial (NYSE:AMP) in a report released on Thursday morning. The firm currently has a hold rating on the financial services provider’s stock.
AMP has been the subject of several other research reports. SunTrust Banks upped their price target on shares of Ameriprise Financial to $180.00 and gave the company a hold rating in a report on Friday, January 19th. Royal Bank of Canada set a $168.00 price target on shares of Ameriprise Financial and gave the company a hold rating in a report on Saturday, December 16th. Zacks Investment Research upgraded shares of Ameriprise Financial from a hold rating to a buy rating and set a $176.00 price target for the company in a report on Thursday, March 22nd. Morgan Stanley reduced their price target on shares of Ameriprise Financial from $190.00 to $184.00 and set an overweight rating for the company in a report on Thursday. Finally, ValuEngine cut shares of Ameriprise Financial from a buy rating to a hold rating in a report on Monday, April 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. Ameriprise Financial currently has a consensus rating of Hold and an average target price of $169.22.
Shares of NYSE AMP opened at $141.31 on Thursday. The company has a market cap of $20,678.17, a P/E ratio of 11.52 and a beta of 1.84. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.85. Ameriprise Financial has a 52-week low of $118.84 and a 52-week high of $183.90.
In other news, EVP Deirdre Davey Mcgraw sold 5,500 shares of the business’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $174.04, for a total value of $957,220.00. Following the sale, the executive vice president now owns 8,138 shares of the company’s stock, valued at $1,416,337.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Randy Kupper sold 4,381 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $159.61, for a total transaction of $699,251.41. Following the completion of the sale, the executive vice president now directly owns 21,607 shares in the company, valued at approximately $3,448,693.27. The disclosure for this sale can be found here. In the last three months, insiders sold 41,260 shares of company stock worth $7,105,121. 1.50% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in AMP. Buckingham Capital Management Inc. lifted its position in shares of Ameriprise Financial by 3.6% in the third quarter. Buckingham Capital Management Inc. now owns 12,190 shares of the financial services provider’s stock worth $1,810,000 after purchasing an additional 420 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Ameriprise Financial by 27.1% in the third quarter. Nordea Investment Management AB now owns 8,579 shares of the financial services provider’s stock worth $1,274,000 after purchasing an additional 1,827 shares in the last quarter. Commerzbank Aktiengesellschaft FI bought a new stake in shares of Ameriprise Financial in the third quarter worth $275,000. Stifel Financial Corp lifted its position in shares of Ameriprise Financial by 2.8% in the third quarter. Stifel Financial Corp now owns 46,211 shares of the financial services provider’s stock worth $6,852,000 after purchasing an additional 1,252 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Ameriprise Financial by 2.2% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 27,523 shares of the financial services provider’s stock worth $4,105,000 after purchasing an additional 600 shares in the last quarter. 86.73% of the stock is currently owned by institutional investors and hedge funds.
About Ameriprise Financial
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 Advice & Wealth Management, Asset Management, Annuities, and Protection segments. The Advice & Wealth Management segment provides financial planning and advice, as well as full-service brokerage services primarily to retail clients through its advisors.
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