Shares of Ameriprise Financial, Inc. (NYSE:AMP) reached a new 52-week high during trading on Monday . The stock traded as high as $182.04 and last traded at $182.04, with a volume of 1143505 shares trading hands. The stock had previously closed at $178.98.

Several analysts have recently commented on AMP shares. Royal Bank of Canada set a $155.00 price objective on shares of Ameriprise Financial and gave the company a “sector perform” rating in a report on Wednesday, October 25th. Zacks Investment Research raised shares of Ameriprise Financial from a “hold” rating to a “buy” rating and set a $195.00 price objective on the stock in a report on Wednesday, January 10th. SunTrust Banks upped their price objective on shares of Ameriprise Financial from $140.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, October 26th. Morgan Stanley upped their price objective on shares of Ameriprise Financial from $152.00 to $162.00 and gave the company an “overweight” rating in a report on Thursday, October 5th. Finally, ValuEngine downgraded shares of Ameriprise Financial from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $159.60.

The stock has a market capitalization of $26,930.00, a price-to-earnings ratio of 17.00 and a beta of 1.93. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.67 and a quick ratio of 0.67.

Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $3.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.79 by $0.33. Ameriprise Financial had a net margin of 14.24% and a return on equity of 29.75%. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same period in the prior year, the firm posted $2.29 earnings per share. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. sell-side analysts expect that Ameriprise Financial, Inc. will post 12.15 EPS for the current fiscal year.

In other Ameriprise Financial news, insider David Kent Stewart sold 4,817 shares of the company’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $171.51, for a total transaction of $826,163.67. Following the completion of the transaction, the insider now directly owns 29,727 shares in the company, valued at $5,098,477.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Charles Neal Maglaque sold 1,754 shares of the company’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $161.01, for a total transaction of $282,411.54. Following the transaction, the chief operating officer now owns 14,697 shares of the company’s stock, valued at $2,366,363.97. The disclosure for this sale can be found here. Insiders have sold 72,466 shares of company stock worth $11,708,801 over the last three months. 1.50% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of AMP. Victory Capital Management Inc. raised its position in Ameriprise Financial by 499.6% during the third quarter. Victory Capital Management Inc. now owns 552,144 shares of the financial services provider’s stock worth $81,999,000 after acquiring an additional 460,058 shares during the period. Vanguard Group Inc. raised its position in Ameriprise Financial by 2.7% during the second quarter. Vanguard Group Inc. now owns 12,744,678 shares of the financial services provider’s stock worth $1,622,270,000 after acquiring an additional 340,206 shares during the period. Canada Pension Plan Investment Board raised its position in Ameriprise Financial by 147.7% during the third quarter. Canada Pension Plan Investment Board now owns 504,364 shares of the financial services provider’s stock worth $74,903,000 after acquiring an additional 300,748 shares during the period. Samlyn Capital LLC raised its position in Ameriprise Financial by 238.1% during the second quarter. Samlyn Capital LLC now owns 413,106 shares of the financial services provider’s stock worth $52,584,000 after acquiring an additional 290,921 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in Ameriprise Financial by 72.5% during the second quarter. Parametric Portfolio Associates LLC now owns 674,023 shares of the financial services provider’s stock worth $85,796,000 after acquiring an additional 283,292 shares during the period. Institutional investors own 81.57% of the company’s stock.

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Ameriprise Financial 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.

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