Royal Bank Of Canada set a $149.00 price objective on AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) in a report published on Wednesday, Marketbeat reports. The brokerage currently has a sector perform rating on the financial services provider’s stock.

A number of other equities analysts have also commented on AMP. BidaskClub upgraded AMERIPRISE FINANCIAL SERVICES, INC. from a hold rating to a buy rating in a research note on Wednesday, July 12th. Morgan Stanley raised their target price on AMERIPRISE FINANCIAL SERVICES, INC. from $148.00 to $152.00 and gave the company an overweight rating in a report on Wednesday. Deutsche Bank AG reaffirmed a hold rating and issued a $140.00 target price (up previously from $137.00) on shares of AMERIPRISE FINANCIAL SERVICES, INC. in a report on Thursday, April 20th. Zacks Investment Research downgraded AMERIPRISE FINANCIAL SERVICES, INC. from a buy rating to a hold rating in a report on Wednesday, April 26th. Finally, Citigroup Inc. reaffirmed a buy rating on shares of AMERIPRISE FINANCIAL SERVICES, INC. in a report on Monday, April 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $142.64.

Shares of AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) opened at 144.45 on Wednesday. AMERIPRISE FINANCIAL SERVICES, INC. has a 52 week low of $86.25 and a 52 week high of $145.88. The firm has a market cap of $21.71 billion, a price-to-earnings ratio of 16.54 and a beta of 1.84. The company has a 50-day moving average price of $132.07 and a 200 day moving average price of $127.17.

AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) last posted its quarterly earnings data 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 firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the company earned $2.23 EPS. The company’s revenue was up 3.3% on a year-over-year basis. Analysts expect that AMERIPRISE FINANCIAL SERVICES, INC. will post $11.29 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) Given a $149.00 Price Target at Royal Bank Of Canada” was published by Watch List News and is the property of of Watch List News. If you are accessing this report on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this report can be accessed at https://www.watchlistnews.com/ameriprise-financial-services-inc-nyseamp-given-a-149-00-price-target-at-royal-bank-of-canada/1462288.html.

AMERIPRISE FINANCIAL SERVICES, INC. announced that its board has authorized a stock buyback plan on Monday, April 24th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 12.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Monday, August 7th will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Thursday, August 3rd. AMERIPRISE FINANCIAL SERVICES, INC.’s dividend payout ratio (DPR) is 37.81%.

In other AMERIPRISE FINANCIAL SERVICES, INC. news, VP Kelli A. Hunter sold 943 shares of AMERIPRISE FINANCIAL SERVICES, INC. stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $128.80, for a total transaction of $121,458.40. Following the transaction, the vice president now directly owns 39,919 shares of the company’s stock, valued at approximately $5,141,567.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Randy Kupper sold 2,987 shares of AMERIPRISE FINANCIAL SERVICES, INC. stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $130.24, for a total value of $389,026.88. Following the transaction, the executive vice president now directly owns 30,969 shares in the company, valued at $4,033,402.56. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Univest Corp of Pennsylvania increased its position in shares of AMERIPRISE FINANCIAL SERVICES, INC. by 1.1% in the second quarter. Univest Corp of Pennsylvania now owns 31,114 shares of the financial services provider’s stock valued at $3,961,000 after buying an additional 332 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in shares of AMERIPRISE FINANCIAL SERVICES, INC. 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 buying an additional 6 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of AMERIPRISE FINANCIAL SERVICES, INC. by 1.2% in the second quarter. CIBC Asset Management Inc now owns 15,239 shares of the financial services provider’s stock valued at $1,940,000 after buying an additional 179 shares during the last quarter. Rothschild Asset Management Inc. increased its position in shares of AMERIPRISE FINANCIAL SERVICES, INC. by 1.5% in the second quarter. Rothschild Asset Management Inc. now owns 267,575 shares of the financial services provider’s stock valued at $34,059,000 after buying an additional 3,958 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its position in shares of AMERIPRISE FINANCIAL SERVICES, INC. by 32.5% in the second quarter. Great West Life Assurance Co. Can now owns 163,887 shares of the financial services provider’s stock valued at $20,829,000 after buying an additional 40,203 shares during the last quarter. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

AMERIPRISE FINANCIAL SERVICES, INC. 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, INC. (NYSE:AMP)

Receive News & Ratings for AMERIPRISE FINANCIAL SERVICES INC. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMERIPRISE FINANCIAL SERVICES INC. and related companies with Analyst Ratings Network's FREE daily email newsletter.