Keefe, Bruyette & Woods Issues Pessimistic Forecast for Ameriprise Financial (NYSE:AMP) Stock Price

Ameriprise Financial (NYSE:AMP - Free Report) had its price objective lowered by Keefe, Bruyette & Woods from $565.00 to $560.00 in a report published on Friday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the financial services provider's stock.

AMP has been the topic of a number of other research reports. Morgan Stanley raised their price target on Ameriprise Financial from $440.00 to $502.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 17th. UBS Group downgraded shares of Ameriprise Financial from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $580.00 to $570.00 in a report on Monday. The Goldman Sachs Group cut shares of Ameriprise Financial from a "buy" rating to a "neutral" rating and reduced their price target for the company from $485.00 to $476.00 in a report on Thursday, September 26th. Finally, Royal Bank of Canada raised their price objective on shares of Ameriprise Financial from $535.00 to $550.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $494.89.

Ameriprise Financial Trading Down 3.5 %

AMP traded down $18.49 during mid-day trading on Friday, hitting $516.44. The stock had a trading volume of 437,028 shares, compared to its average volume of 420,738. The stock's fifty day simple moving average is $548.56 and its 200-day simple moving average is $485.34. The firm has a market capitalization of $50.10 billion, a price-to-earnings ratio of 19.82, a price-to-earnings-growth ratio of 0.96 and a beta of 1.36. Ameriprise Financial has a 1-year low of $368.41 and a 1-year high of $577.00. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.65 and a quick ratio of 0.65.

Ameriprise Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were paid a dividend of $1.48 per share. The ex-dividend date was Monday, November 4th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.15%. Ameriprise Financial's dividend payout ratio is 22.73%.

Insider Buying and Selling at Ameriprise Financial

In other Ameriprise Financial news, CFO Walter Stanley Berman sold 8,655 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $564.16, for a total value of $4,882,804.80. Following the sale, the chief financial officer now owns 6,409 shares in the company, valued at $3,615,701.44. This represents a 57.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph Edward Sweeney sold 10,735 shares of the firm's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $549.68, for a total value of $5,900,814.80. Following the sale, the insider now directly owns 5,811 shares of the company's stock, valued at $3,194,190.48. This represents a 64.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,715 shares of company stock worth $11,983,436 over the last ninety days. 0.73% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Ameriprise Financial

A number of institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC grew its holdings in Ameriprise Financial by 3,086.6% in the 2nd quarter. Acadian Asset Management LLC now owns 3,569 shares of the financial services provider's stock valued at $1,523,000 after buying an additional 3,457 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Ameriprise Financial during the 2nd quarter worth $81,000. Prudential PLC increased its position in shares of Ameriprise Financial by 52.4% in the second quarter. Prudential PLC now owns 1,817 shares of the financial services provider's stock worth $776,000 after purchasing an additional 625 shares during the period. Wedbush Securities Inc. increased its position in shares of Ameriprise Financial by 2.7% in the second quarter. Wedbush Securities Inc. now owns 1,476 shares of the financial services provider's stock worth $631,000 after purchasing an additional 39 shares during the period. Finally, MGO One Seven LLC raised its stake in Ameriprise Financial by 195.6% in the second quarter. MGO One Seven LLC now owns 3,222 shares of the financial services provider's stock valued at $1,376,000 after purchasing an additional 2,132 shares in the last quarter. Institutional investors own 83.95% of the company's stock.

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.