Analysts Set Ameriprise Financial, Inc. (NYSE:AMP) Price Target at $487.67

Shares of Ameriprise Financial, Inc. (NYSE:AMP - Get Free Report) have been given an average rating of "Hold" by the ten research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $487.67.

A number of research firms have commented on AMP. Keefe, Bruyette & Woods upped their price target on Ameriprise Financial from $475.00 to $510.00 and gave the company a "market perform" rating in a research report on Tuesday, October 29th. The Goldman Sachs Group lowered Ameriprise Financial from a "buy" rating to a "neutral" rating and lowered their price target for the company from $485.00 to $476.00 in a research report on Thursday, September 26th. Royal Bank of Canada upped their price target on Ameriprise Financial from $535.00 to $550.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. UBS Group upped their price target on Ameriprise Financial from $490.00 to $555.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. Finally, Morgan Stanley upped their price target on Ameriprise Financial from $440.00 to $502.00 and gave the company an "equal weight" rating in a research report on Thursday, October 17th.

Insider Buying and Selling

In other Ameriprise Financial news, VP William Davies sold 8,700 shares of the firm's stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $442.07, for a total transaction of $3,846,009.00. Following the sale, the vice president now directly owns 13,199 shares of the company's stock, valued at $5,834,881.93. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP William Davies sold 8,700 shares of the firm's stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $442.07, for a total transaction of $3,846,009.00. Following the completion of the transaction, the vice president now owns 13,199 shares in the company, valued at $5,834,881.93. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Walter Stanley Berman sold 8,655 shares of the firm's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $564.16, for a total value of $4,882,804.80. Following the transaction, the chief financial officer now owns 6,409 shares of the company's stock, valued at approximately $3,615,701.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,415 shares of company stock valued at $15,829,445. 0.73% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMP. DiNuzzo Private Wealth Inc. boosted its position in shares of Ameriprise Financial by 268.8% during the second quarter. DiNuzzo Private Wealth Inc. now owns 59 shares of the financial services provider's stock valued at $25,000 after buying an additional 43 shares during the period. Accordant Advisory Group Inc purchased a new position in shares of Ameriprise Financial during the second quarter valued at approximately $26,000. Mascoma Wealth Management LLC boosted its position in shares of Ameriprise Financial by 153.8% during the second quarter. Mascoma Wealth Management LLC now owns 66 shares of the financial services provider's stock valued at $28,000 after buying an additional 40 shares during the period. Bank & Trust Co purchased a new position in shares of Ameriprise Financial during the second quarter valued at approximately $29,000. Finally, Hantz Financial Services Inc. purchased a new position in shares of Ameriprise Financial during the second quarter valued at approximately $29,000. Hedge funds and other institutional investors own 83.95% of the company's stock.

Ameriprise Financial Trading Down 0.3 %

Shares of AMP traded down $1.42 during trading hours on Wednesday, hitting $559.89. The company had a trading volume of 467,756 shares, compared to its average volume of 469,547. The firm has a market cap of $54.31 billion, a P/E ratio of 21.49, a P/E/G ratio of 0.97 and a beta of 1.34. The stock's 50 day moving average price is $489.13 and its 200 day moving average price is $450.11. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.99. Ameriprise Financial has a 52-week low of $338.00 and a 52-week high of $569.47.

Ameriprise Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be issued a $1.48 dividend. The ex-dividend date is Monday, November 4th. This represents a $5.92 dividend on an annualized basis and a yield of 1.06%. Ameriprise Financial's dividend payout ratio is currently 22.73%.

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.