AMERIPRISE FINANCIAL SERVICES (AMP) : 5 analysts are covering AMERIPRISE FINANCIAL SERVICES (AMP) and their average rating on the stock is 1.9, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. AMERIPRISE FINANCIAL SERVICES (AMP) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
AMERIPRISE FINANCIAL SERVICES (AMP) : The consensus price target for AMERIPRISE FINANCIAL SERVICES (AMP) is $108.4 for the short term with a standard deviation of $9.56. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $120, however, the pessimist price target for the company is $98.
For the current week, the company shares have a recommendation consensus of Buy.
AMERIPRISE FINANCIAL SERVICES (NYSE:AMP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $93.21 and $93.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $95.04. The buying momentum continued till the end and the stock did not give up its gains. It closed at $94.81, notching a gain of 1.95% for the day. The total traded volume was 906,468 . The stock had closed at $93.00 on the previous day.
Ameriprise Financial, Inc. (Ameriprise Financial) is a holding company primarily engaged in business through its subsidiaries. Ameriprise Financial is a diversified financial services company that offers financial solutions to individual and institutional clients. The Company operates in four segments: Advice & Wealth Management, Asset Management, Annuities and Protection. The Advice & Wealth Management segment provides financial planning and advice, as well as full-service brokerage services, primarily to retail clients through advisors. The Asset Management segment provides investment advice and investment products to retail, high net worth and institutional clients on a global scale through Columbia Management and Threadneedle. The Annuities segment provides variable and fixed annuity products of RiverSource Life companies to individual clients. The Protection segment offers a variety of products to address the protection and risk management needs of retail clients.