Barclays PLC reaffirmed their equal weight rating on shares of AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) in a research report released on Monday morning.

Several other equities research analysts have also issued reports on AMP. BidaskClub raised AMERIPRISE FINANCIAL SERVICES, INC. from a sell rating to a hold rating in a research report on Tuesday, June 20th. Royal Bank Of Canada started coverage on shares of AMERIPRISE FINANCIAL SERVICES, INC. in a report on Thursday, June 29th. They issued a sector perform rating and a $135.00 price target on the stock. Morgan Stanley boosted their price target on shares of AMERIPRISE FINANCIAL SERVICES, INC. from $148.00 to $152.00 and gave the stock an overweight rating in a report on Wednesday, July 26th. Zacks Investment Research upgraded shares of AMERIPRISE FINANCIAL SERVICES, INC. from a hold rating to a buy rating and set a $156.00 price target for the company in a research report on Thursday, July 27th. Finally, Citigroup Inc. set a $166.00 price target on shares of AMERIPRISE FINANCIAL SERVICES, INC. and gave the company a buy rating in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $147.09.

AMERIPRISE FINANCIAL SERVICES, INC. (AMP) opened at 148.67 on Monday. AMERIPRISE FINANCIAL SERVICES, INC. has a 12-month low of $86.25 and a 12-month high of $149.99. The firm has a market capitalization of $22.29 billion, a P/E ratio of 17.03 and a beta of 1.88. The firm has a 50 day moving average of $140.25 and a 200 day moving average of $132.97.

AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) last issued its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $2.80 EPS for the quarter, topping the Zacks’ consensus estimate of $2.62 by $0.18. AMERIPRISE FINANCIAL SERVICES, INC. had a return on equity of 26.54% and a net margin of 11.81%. The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the company posted $2.23 earnings per share. AMERIPRISE FINANCIAL SERVICES, INC.’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, analysts forecast that AMERIPRISE FINANCIAL SERVICES, INC. will post $11.28 EPS for the current fiscal year.

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In other news, Chairman James M. Cracchiolo sold 97,545 shares of AMERIPRISE FINANCIAL SERVICES, INC. stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $144.67, for a total value of $14,111,835.15. Following the completion of the transaction, the chairman now owns 474,139 shares in the company, valued at $68,593,689.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David Kent Stewart sold 4,945 shares of AMERIPRISE FINANCIAL SERVICES, INC. stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $144.21, for a total transaction of $713,118.45. Following the completion of the transaction, the insider now owns 21,969 shares of the company’s stock, valued at approximately $3,168,149.49. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 182,979 shares of company stock worth $26,479,126. Insiders own 1.50% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in AMERIPRISE FINANCIAL SERVICES, INC. by 1,709.0% in the 1st quarter. BlackRock Inc. now owns 10,640,305 shares of the financial services provider’s stock worth $1,379,836,000 after buying an additional 10,052,130 shares during the period. FMR LLC grew its stake in AMERIPRISE FINANCIAL SERVICES, INC. by 115.7% in the 1st quarter. FMR LLC now owns 918,638 shares of the financial services provider’s stock valued at $119,130,000 after buying an additional 492,785 shares in the last quarter. Vanguard Group Inc. raised its holdings in AMERIPRISE FINANCIAL SERVICES, INC. by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 12,744,678 shares of the financial services provider’s stock valued at $1,622,270,000 after acquiring an additional 340,206 shares during the period. American Century Companies Inc. raised its holdings in AMERIPRISE FINANCIAL SERVICES, INC. by 21.6% during the 2nd quarter. American Century Companies Inc. now owns 1,905,436 shares of the financial services provider’s stock valued at $242,543,000 after acquiring an additional 338,452 shares during the period. Finally, Samlyn Capital LLC raised its holdings in AMERIPRISE FINANCIAL SERVICES, INC. by 238.1% during the 2nd quarter. Samlyn Capital LLC now owns 413,106 shares of the financial services provider’s stock valued at $52,584,000 after acquiring an additional 290,921 shares during the period. Institutional investors own 79.39% of the company’s stock.

About AMERIPRISE FINANCIAL SERVICES, INC.

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, INC. (NYSE:AMP)

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