Ameriprise Financial, Inc. (NYSE:AMP) Receives $555.33 Consensus Price Target from Brokerages

Shares of Ameriprise Financial, Inc. (NYSE:AMP) have been assigned an average recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $555.3333.

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group raised their price target on Ameriprise Financial from $636.00 to $645.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Piper Sandler upped their target price on shares of Ameriprise Financial from $471.00 to $518.00 and gave the company a “neutral” rating in a report on Monday, July 13th. BMO Capital Markets lifted their price target on shares of Ameriprise Financial from $470.00 to $490.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Zacks Research raised shares of Ameriprise Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Finally, Keefe, Bruyette & Woods raised their target price on Ameriprise Financial from $515.00 to $545.00 and gave the stock a “market perform” rating in a report on Friday, July 24th.

Ameriprise Financial Stock Performance

Shares of NYSE AMP opened at $547.28 on Friday. The firm’s 50-day moving average price is $484.62 and its 200-day moving average price is $476.11. The company has a quick ratio of 0.66, a current ratio of 0.71 and a debt-to-equity ratio of 0.99. The company has a market cap of $49.20 billion, a PE ratio of 13.20, a PEG ratio of 0.73 and a beta of 1.14. Ameriprise Financial has a 52-week low of $422.37 and a 52-week high of $553.46.

Ameriprise Financial (NYSE:AMP) last released its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $11.07 earnings per share for the quarter, beating the consensus estimate of $10.81 by $0.26. Ameriprise Financial had a net margin of 20.24% and a return on equity of 64.19%. The firm had revenue of $4.90 billion during the quarter, compared to analysts’ expectations of $4.87 billion. During the same period in the previous year, the company earned $9.11 earnings per share. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. As a group, analysts anticipate that Ameriprise Financial will post 46.12 EPS for the current year.

Ameriprise Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Monday, August 3rd will be issued a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Monday, August 3rd. Ameriprise Financial’s dividend payout ratio (DPR) is 16.40%.

Insider Transactions at Ameriprise Financial

In other Ameriprise Financial news, EVP Gerard P. Smyth sold 6,255 shares of Ameriprise Financial stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $472.52, for a total value of $2,955,612.60. Following the sale, the executive vice president owned 6,103 shares of the company’s stock, valued at $2,883,789.56. The trade was a 50.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert Francis Sharpe, Jr. sold 1,200 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $465.83, for a total transaction of $558,996.00. Following the transaction, the director owned 6,300 shares of the company’s stock, valued at $2,934,729. This trade represents a 16.00% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 34,571 shares of company stock worth $18,227,419. 0.60% of the stock is currently owned by company insiders.

Institutional Trading of Ameriprise Financial

Institutional investors have recently added to or reduced their stakes in the company. SouthState Bank Corp raised its holdings in shares of Ameriprise Financial by 78.6% in the fourth quarter. SouthState Bank Corp now owns 50 shares of the financial services provider’s stock worth $25,000 after buying an additional 22 shares during the period. Cassaday & Co Wealth Management LLC purchased a new stake in Ameriprise Financial in the first quarter worth $28,000. Ares Financial Consulting LLC bought a new stake in shares of Ameriprise Financial during the fourth quarter worth $32,000. Prosperity Bancshares Inc bought a new stake in shares of Ameriprise Financial during the fourth quarter worth $33,000. Finally, Evolution Wealth Management Inc. purchased a new stake in shares of Ameriprise Financial during the first quarter valued at $34,000. Institutional investors own 83.95% of the company’s stock.

More Ameriprise Financial News

Here are the key news stories impacting Ameriprise Financial this week:

• Positive Sentiment: Ameriprise’s latest quarterly results exceeded expectations: adjusted earnings were $11.07 per share versus the $10.81 consensus, while revenue increased 11.6% year over year to $4.90 billion. Analysts expect approximately $45.84 in full-year EPS, reinforcing the company’s growth outlook. Earnings and dividend analysis
• Positive Sentiment: The company declared a quarterly dividend of $1.70 per share, or $6.80 annualized, with a payout ratio of about 16.4%. The relatively low payout ratio supports the potential for continued shareholder returns if earnings remain strong. Ameriprise dividend information
• Positive Sentiment: Brokerage coverage remains broadly favorable. Ameriprise has an overall “Moderate Buy” consensus rating, and some firms have issued bullish upgrades or price-target increases, including a reported $645 target from Jefferies. Analyst recommendation coverage
• Neutral Sentiment: The consensus price target is approximately $555.33, only modestly above recent trading levels. This suggests analysts remain constructive but see limited near-term upside after the stock’s strong advance.
• Negative Sentiment: CFO Walter Stanley Berman sold 11,012 shares for approximately $6.05 million, reducing his direct ownership by 66.25%. Insider William Jerryl Williams also sold 16,104 shares across two transactions for about $8.67 million. The sales could pressure investor sentiment, particularly with AMP near its 52-week high, although they do not necessarily indicate deteriorating fundamentals. SEC insider transaction filing

About Ameriprise Financial

Ameriprise Financial, Inc is a diversified financial services company headquartered in Minneapolis, Minnesota. The firm provides a range of advice-based wealth management, asset management and insurance products to individual and institutional clients. Its business model centers on delivering financial planning and investment advice through a network of financial advisors alongside proprietary product offerings designed to meet retirement, protection and accumulation needs.

Core products and services include comprehensive financial planning and advisory services, managed investment portfolios, retirement planning solutions, annuities and life insurance products.