Ameriprise Financial (AMP) has been analyzed in multiple reports. Piper Sandler reduced their price target for Ameriprise from $390 to $387, giving it an underweight rating. Meanwhile, Royal Bank of Canada increased their target from $487 to $500, rating it as outperform. Jefferies Financial also raised their target from $500 to $504, issuing a buy rating. Goldman Sachs downgraded Ameriprise from buy to neutral, lowering their target from $485 to $476. Morgan Stanley cut their price target from $444 to $440, maintaining an equal weight rating. Currently, one analyst rates it as sell, six as hold, and four as buy, leading to an overall consensus rating of Hold with a price target of $469.67.
Ameriprise Financial Stock Performance
As of Tuesday, AMP opened at $483.97, with a market capitalization of $48.07 billion. The company shows a quick ratio of 0.59 and a debt-to-equity ratio of 1.16. The stock has fluctuated between a low of $306.63 and a high of $490.23 over the past year.
On July 24, Ameriprise reported quarterly earnings of $8.72 per share, surpassing expectations of $8.53. Revenue was $4.39 billion, exceeding the forecast of $4.24 billion, and increased by 9.6% year-over-year. Analysts predict the company will earn $34.81 per share this year.
Ameriprise Financial Announces Dividend
On August 16, Ameriprise paid a quarterly dividend of $1.48 to shareholders, which translates to an annualized dividend of $5.92 and a yield of 1.22%.
Insider Trading at Ameriprise Financial
VP William Davies sold 8,700 shares on August 30 at an average price of $442.07, totaling about $3.85 million. He now holds 13,199 shares, worth approximately $5.83 million. Insiders own 0.73% of the company.
Institutional Trading of Ameriprise Financial
Several institutions have recently updated their AMP holdings. Symmetry Investments bought a new stake worth $207,000, while Jacobi Capital increased theirs by 3.7% to manage a total of 3,573 shares valued at around $1.36 million. Institutional investors own 83.95% of the stock.
Ameriprise Financial Company Overview
Ameriprise Financial offers various financial services and products through its four segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other.
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