SunTrust Banks Raises Ameriprise Financial (AMP) Price Target to $180.00

Lester Mason
January 23, 2018

The firm has a market cap of $21.71 billion, a price-to-earnings ratio of 16.54 and a beta of 1.84. Ameriprise Financial, Inc. (NYSE:AMP) has risen 30.25% since January 22, 2017 and is uptrending. It has outperformed by 13.55% the S&P500.

Since July 31, 2017, it had 0 insider buys, and 15 selling transactions for $35.61 million activity. Also, COO Charles Neal Maglaque sold 1,754 shares of the company's stock in a transaction on Friday, October 27th. Shares for $61,690 were sold by THISSEN KAREN WILSON. Shares for $5.70 million were sold by CRACCHIOLO JAMES M. $1.45 million worth of stock was sold by Woerner John Robert on Thursday, October 26. "(AMP) Shares Sold by Univest Corp of Pennsylvania" was first posted by StockNewsTimes and is the property of of StockNewsTimes. About 1.52M shares traded. $1.75M worth of ServiceNow, Inc. (NYSE:AMP). Hengehold Capital Mgmt Ltd reported 0.63% in Ameriprise Financial, Inc. Therefore 43% are positive. Royal Bank of Canada set a $168.00 target price on Ameriprise Financial and gave the stock a "hold" rating in a research report on Saturday, December 16th. Citigroup maintained the stock with "Neutral" rating in Wednesday, April 6 report.

10/2/2017-Barclays Reiterated Rating of Equal Weight. The company was maintained on Wednesday, July 26 by Morgan Stanley. The firm has "Outperform" rating by Credit Suisse given on Monday, January 11. Ameriprise Financial has $190.0 highest and $94 lowest target. (NYSE:AMP) has "Buy" rating given on Thursday, July 27 by Keefe Bruyette & Woods. The count of Hold ratings in that period was 0. On Thursday, October 22 the stock rating was maintained by RBC Capital Markets with "Outperform". Barclays Capital maintained Ameriprise Financial, Inc. (NYSE:AMP). 27,087 are owned by Sterling Cap Mgmt. The company was maintained on Thursday, October 5 by Morgan Stanley. Finally, D.A. Davidson & CO. boosted its holdings in shares of Ameriprise Financial by 60.3% during the second quarter. Guinness Asset Mgmt Limited accumulated 0.06% or 2,050 shares. The institutional investor held 377,296 shares of the technology company at the end of 2017Q3, valued at $44.34M, down from 386,308 at the end of the previous reported quarter. It also increased its holding in Corning Inc (NYSE:GLW) by 189,105 shares in the quarter, for a total of 699,001 shares, and has risen its stake in Synopsys Inc (NASDAQ:SNPS).

Investors sentiment decreased to 0.97 in Q3 2017. Its down 0.15, from 1.12 in 2017Q2. It improved, as 39 investors sold INCY shares while 161 reduced holdings.


Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 116.09 million shares or 1.34% more from 114.55 million shares in 2017Q2 were reported. Ls Advisors Limited Liability reported 4,622 shares. Meeder Asset Mngmt Inc invested in 215 shares. Knott David M holds 0.39% or 18,311 shares in its portfolio. Kupper Randy sold 2,460 shares worth $396,205. Coldstream Management Incorporated owns 19,325 shares for 0.33% of their portfolio. Nationwide Fund Advsr owns 0.19% invested in Ameriprise Financial, Inc. (NYSE:AMP). Convergence Investment Partners Ltd Limited Liability Company invested 0.26% of its portfolio in Ameriprise Financial, Inc. (NYSE:AMP). Koch Indus owns 0.09% invested in Ameriprise Financial, Inc. (NYSE:AMP) on Thursday, August 10. The correct version of this piece can be read at https://registrarjournal.com/2018/01/20/true-private-wealth-advisors-takes-position-in-ameriprise-financial-inc-amp.html. (NYSE:AMP) for 66 shares. Tru Department Mb Commercial Bank N A, a Illinois-based fund reported 81 shares. Dreman Value Management L L C reported 3,338 shares or 0.27% of all its holdings. Great West Life Assurance Co Can has 0% invested in CSS Industries, Inc. Zacks Investment Research upgraded Ameriprise Financial from a "hold" rating to a "buy" rating and set a $195.00 target price on the stock in a research report on Wednesday, January 10th. The business is scheduled to report its next earnings results after the market closes on Wednesday, January 24th. According to the Analysts, the Low Earnings estimate for the current quarter is $3.1, while the High earnings estimate is $3.62.Comparatively, EPS for the same quarter past year was $2.81. The stock was sold at an average price of $161.07, for a total value of $391,077.96. During the same quarter in the previous year, the business earned $2.29 earnings per share. research analysts forecast that Ameriprise Financial will post 12.12 earnings per share for the current year.

Investors sentiment decreased to 1.15 in Q3 2017. Violich Capital Mngmt holds 133,479 shares or 1.8% of its portfolio. 59 funds opened positions while 149 raised stakes. Polar Cap Llp reported 0.44% stake. Sei Communications reported 1.28% stake. The Massachusetts-based Renaissance Investment Ltd Liability Com has invested 2.86% in Microsoft Corporation (NASDAQ:MSFT). AMERIPRISE FINANCIAL SERVICES, INC.'s payout ratio is 37.81%. 170.65 million shares or 1.96% more from 167.38 million shares in 2017Q2 were reported. (NYSE:CSS). Walthausen Ltd Llc holds 289,661 shares or 0.78% of its portfolio. Community Trust & holds 415,076 shares or 3.32% of its portfolio. Dynamic Capital Limited stated it has 1.03% in Incyte Corporation (NASDAQ:INCY). Marble Arch Lp accumulated 6.5% or 1.31M shares. Symons Capital Management Inc owns 300,028 shares or 3.19% of their U.S. portfolio. Voya Inv stated it has 63,801 shares. Rhumbline Advisers reported 0.05% of its portfolio in ServiceNow, Inc. Shares for $13.54 million were sold by LUDDY FREDERIC B on Tuesday, January 9. On Monday, July 31 the insider TRUSCOTT WILLIAM F sold $2.86M. On Thursday, January 18 the stock rating was maintained by Sandler O'Neill with "Hold". (NYSE:AMP) shares. 1,200 shares valued at $174,072 were sold by McGraw Deirdre Davey on Thursday, August 10.

Fayez Sarofim & Company decreased Wellsfargo&Co (NYSE:WFC) stake by 8,844 shares to 1.57 million valued at $86.76M in 2017Q3. Kempercorp (NYSE:KMPR) was reduced too. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company's stock. Therefore 83% are positive. Microsoft Corporation had 145 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned "Hold" rating on Tuesday, January 3 by Vertical Research. The rating was downgraded by Deutsche Bank to "Hold" on Friday, October 14. The rating was initiated by RBC Capital Markets with "Sector Perform" on Friday, June 30.

In related news, EVP Colin Moore sold 4,285 shares of the firm's stock in a transaction on Thursday, October 26th. Stifel Nicolaus maintained the stock with "Hold" rating in Wednesday, August 2 report.

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