Ameriprise Financial Services, Inc. (AMP) Given a $149.00 Price Target at Royal Bank Of Canada

Royal Bank Of Canada set a $149.00 price target on Ameriprise Financial Services, Inc. (NYSE:AMP) in a research report sent to investors on Wednesday morning. The brokerage currently has a hold rating on the financial services provider’s stock.

A number of other research analysts have also recently commented on AMP. Zacks Investment Research cut shares of Ameriprise Financial Services from a buy rating to a hold rating in a research note on Tuesday, September 26th. Citigroup Inc. set a $166.00 price target on shares of Ameriprise Financial Services and gave the stock a buy rating in a research note on Wednesday, August 2nd. Barclays PLC raised their price target on shares of Ameriprise Financial Services from $130.00 to $142.00 and gave the stock an equal weight rating in a research note on Friday, August 11th. BidaskClub upgraded shares of Ameriprise Financial Services from a buy rating to a strong-buy rating in a research note on Friday, August 4th. Finally, Morgan Stanley raised their price target on shares of Ameriprise Financial Services from $152.00 to $162.00 and gave the stock an overweight rating in a research note on Thursday, October 5th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $149.31.

Ameriprise Financial Services (AMP) traded down 0.19% during trading on Wednesday, hitting $152.45. The stock had a trading volume of 585,843 shares. The company has a market cap of $22.86 billion, a PE ratio of 17.46 and a beta of 1.88. The stock has a 50-day moving average price of $144.27 and a 200-day moving average price of $134.99. Ameriprise Financial Services has a 52 week low of $86.25 and a 52 week high of $153.75.

Ameriprise Financial Services (NYSE:AMP) last announced its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.62 by $0.18. The firm had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Ameriprise Financial Services had a net margin of 11.81% and a return on equity of 26.54%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.23 earnings per share. Equities analysts predict that Ameriprise Financial Services will post $11.27 EPS for the current year.

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In related news, VP Karen Wilson Thissen sold 425 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $145.15, for a total value of $61,688.75. Following the completion of the sale, the vice president now owns 10,956 shares of the company’s stock, valued at $1,590,263.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman James M. Cracchiolo sold 97,545 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $144.67, for a total transaction of $14,111,835.15. Following the completion of the sale, the chairman now directly owns 474,139 shares of the company’s stock, valued at approximately $68,593,689.13. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 182,979 shares of company stock valued at $26,479,126. Company insiders own 1.50% of the company’s stock.

Several institutional investors have recently modified their holdings of AMP. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its holdings in shares of Ameriprise Financial Services by 0.7% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 834 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 6 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of Ameriprise Financial Services by 17.5% in the second quarter. Parallel Advisors LLC now owns 777 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 116 shares in the last quarter. IHT Wealth Management LLC increased its holdings in shares of Ameriprise Financial Services by 284.0% in the second quarter. IHT Wealth Management LLC now owns 311 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 230 shares in the last quarter. Sun Life Financial INC increased its holdings in shares of Ameriprise Financial Services by 10,100.0% in the second quarter. Sun Life Financial INC now owns 1,122 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 1,111 shares in the last quarter. Finally, Meeder As

A number of other research analysts have also recently commented on AMP. Zacks Investment Research cut shares of Ameriprise Financial Services from a buy rating to a hold rating in a research note on Tuesday, September 26th. Citigroup Inc. set a $166.00 price target on shares of Ameriprise Financial Services and gave the stock a buy rating in a research note on Wednesday, August 2nd. Barclays PLC raised their price target on shares of Ameriprise Financial Services from $130.00 to $142.00 and gave the stock an equal weight rating in a research note on Friday, August 11th. BidaskClub upgraded shares of Ameriprise Financial Services from a buy rating to a strong-buy rating in a research note on Friday, August 4th. Finally, Morgan Stanley raised their price target on shares of Ameriprise Financial Services from $152.00 to $162.00 and gave the stock an overweight rating in a research note on Thursday, October 5th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $149.31.

Ameriprise Financial Services (AMP) traded down 0.19% during trading on Wednesday, hitting $152.45. The stock had a trading volume of 585,843 shares. The company has a market cap of $22.86 billion, a PE ratio of 17.46 and a beta of 1.88. The stock has a 50-day moving average price of $144.27 and a 200-day moving average price of $134.99. Ameriprise Financial Services has a 52 week low of $86.25 and a 52 week high of $153.75.

Ameriprise Financial Services (NYSE:AMP) last announced its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.62 by $0.18. The firm had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Ameriprise Financial Services had a net margin of 11.81% and a return on equity of 26.54%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.23 earnings per share. Equities analysts predict that Ameriprise Financial Services will post $11.27 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This piece of content was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece of content can be accessed at https://ledgergazette.com/2017/10/19/ameriprise-financial-services-inc-amp-given-a-149-00-price-target-at-royal-bank-of-canada.html.

In related news, VP Karen Wilson Thissen sold 425 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $145.15, for a total value of $61,688.75. Following the completion of the sale, the vice president now owns 10,956 shares of the company’s stock, valued at $1,590,263.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman James M. Cracchiolo sold 97,545 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $144.67, for a total transaction of $14,111,835.15. Following the completion of the sale, the chairman now directly owns 474,139 shares of the company’s stock, valued at approximately $68,593,689.13. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 182,979 shares of company stock valued at $26,479,126. Company insiders own 1.50% of the company’s stock.

Several institutional investors have recently modified their holdings of AMP. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its holdings in shares of Ameriprise Financial Services by 0.7% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 834 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 6 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of Ameriprise Financial Services by 17.5% in the second quarter. Parallel Advisors LLC now owns 777 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 116 shares in the last quarter. IHT Wealth Management LLC increased its holdings in shares of Ameriprise Financial Services by 284.0% in the second quarter. IHT Wealth Management LLC now owns 311 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 230 shares in the last quarter. Sun Life Financial INC increased its holdings in shares of Ameriprise Financial Services by 10,100.0% in the second quarter. Sun Life Financial INC now owns 1,122 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 1,111 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Ameriprise Financial Services in the first quarter valued at approximately $149,000. 79.36% of the stock is owned by institutional investors and hedge funds.

Ameriprise Financial Services Company Profile

Ameriprise Financial, Inc is a financial services company that offers financial solutions to individual and institutional clients. The Company operates in five segments: Advice & Wealth Management; Asset Management; Annuities; Protection, and Corporate & Other. The Company uses Ameriprise Financial as its enterprise brand, as well as the name of its advisor network and certain of its retail products and services.

Analyst Recommendations for Ameriprise Financial Services (NYSE:AMP)

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