Ameriprise Financial (AMP) Hits New 12-Month Low at $113.21
Ameriprise Financial, Inc. (NYSE:AMP) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $113.21 and last traded at $115.72, with a volume of 93280 shares traded. The stock had previously closed at $121.43.
A number of brokerages have recently issued reports on AMP. Zacks Investment Research lowered Ameriprise Financial from a “buy” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley cut their target price on Ameriprise Financial from $177.00 to $170.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 13th. Royal Bank of Canada set a $148.00 target price on Ameriprise Financial and gave the stock a “hold” rating in a research report on Wednesday, October 24th. UBS Group cut their target price on Ameriprise Financial from $204.00 to $186.00 and set a “buy” rating on the stock in a research report on Wednesday, October 24th. Finally, ValuEngine lowered Ameriprise Financial from a “hold” rating to a “sell” rating in a research report on Thursday, October 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. Ameriprise Financial currently has a consensus rating of “Hold” and an average target price of $160.38.
The stock has a market capitalization of $16.63 billion, a PE ratio of 9.44 and a beta of 1.78. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.75.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 16th. Investors of record on Monday, November 5th were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend was Friday, November 2nd. Ameriprise Financial’s payout ratio is 29.34%.
A number of large investors have recently bought and sold shares of AMP. Capital Guardian Trust Co. acquired a new position in Ameriprise Financial during the third quarter valued at $107,000. Migdal Insurance & Financial Holdings Ltd. raised its position in Ameriprise Financial by 8,300.0% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 840 shares of the financial services provider’s stock valued at $118,000 after buying an additional 830 shares during the period. Belpointe Asset Management LLC acquired a new position in Ameriprise Financial during the third quarter valued at $136,000. Valeo Financial Advisors LLC raised its position in Ameriprise Financial by 56.7% during the second quarter. Valeo Financial Advisors LLC now owns 1,075 shares of the financial services provider’s stock valued at $147,000 after buying an additional 389 shares during the period. Finally, Osborn Williams & Donohoe LLC acquired a new position in Ameriprise Financial during the third quarter valued at $200,000. 81.57% of the stock is currently owned by hedge funds and other institutional investors.
About Ameriprise Financial (NYSE:AMP)
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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