Shares of Ameriprise Financial Services, Inc. (NYSE:AMP) have received a consensus recommendation of “Buy” from the ten analysts that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $155.73.

AMP has been the topic of several analyst reports. Zacks Investment Research upgraded Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $155.00 target price on the stock in a report on Friday, September 1st. Citigroup Inc. set a $166.00 target price on Ameriprise Financial Services and gave the stock a “buy” rating in a report on Wednesday, August 2nd. BidaskClub lowered Ameriprise Financial Services from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 19th. Barclays PLC reiterated an “equal weight” rating on shares of Ameriprise Financial Services in a report on Monday, October 2nd. Finally, Royal Bank Of Canada set a $149.00 target price on Ameriprise Financial Services and gave the stock a “hold” rating in a report on Wednesday, October 18th.

Ameriprise Financial Services (NYSE AMP) traded down $0.89 on Friday, reaching $159.76. The company had a trading volume of 529,300 shares, compared to its average volume of 1,035,020. Ameriprise Financial Services has a fifty-two week low of $109.19 and a fifty-two week high of $163.04. The company has a market capitalization of $23,764.95, a price-to-earnings ratio of 13.66 and a beta of 1.92. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.82.

Ameriprise Financial Services (NYSE:AMP) last released its earnings results on Tuesday, October 24th. The financial services provider reported $3.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.79 by $0.33. Ameriprise Financial Services had a return on equity of 29.75% and a net margin of 14.24%. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $2.97 billion. During the same quarter in the prior year, the company posted $2.29 earnings per share. Ameriprise Financial Services’s revenue was up 6.3% on a year-over-year basis. equities research analysts anticipate that Ameriprise Financial Services will post 12.14 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Monday, November 6th were given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date was Friday, November 3rd. Ameriprise Financial Services’s dividend payout ratio (DPR) is presently 30.97%.

In other news, EVP Colin Moore sold 4,285 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $161.09, for a total value of $690,270.65. Following the transaction, the executive vice president now owns 73,690 shares of the company’s stock, valued at $11,870,722.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Robert Woerner sold 9,022 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $160.91, for a total value of $1,451,730.02. Following the completion of the transaction, the insider now directly owns 43,167 shares in the company, valued at approximately $6,946,001.97. The disclosure for this sale can be found here. In the last three months, insiders have sold 59,717 shares of company stock worth $9,543,677. Company insiders own 1.50% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC acquired a new position in shares of Ameriprise Financial Services in the third quarter valued at approximately $2,484,000. Public Employees Retirement System of Ohio grew its position in shares of Ameriprise Financial Services by 21.7% in the third quarter. Public Employees Retirement System of Ohio now owns 82,563 shares of the financial services provider’s stock valued at $12,261,000 after purchasing an additional 14,710 shares during the last quarter. Cetera Advisors LLC acquired a new position in shares of Ameriprise Financial Services in the third quarter valued at approximately $373,000. IFM Investors Pty Ltd acquired a new position in shares of Ameriprise Financial Services in the third quarter valued at approximately $666,000. Finally, Independent Advisor Alliance acquired a new position in shares of Ameriprise Financial Services in the third quarter valued at approximately $232,000. 80.87% of the stock is currently owned by institutional investors.

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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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