AMERIPRISE FINANCIAL SERVICES (AMP) : Zacks Investment Research ranks AMERIPRISE FINANCIAL SERVICES (AMP) as 4, which is a Sell recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 1.9, which indicates as a Buy.
AMERIPRISE FINANCIAL SERVICES (AMP) : Average target price received by AMERIPRISE FINANCIAL SERVICES (AMP) is $108.4 with an expected standard deviation of $9.56. The most aggressive target on the stock is $120, whereas the most downbeat target is $98. 5 financial analysts are currently covering the stock.
For the current week, the company shares have a recommendation consensus of Buy. AMERIPRISE FINANCIAL SERVICES (NYSE:AMP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $95.85 and $95.37 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $96.60. The buying momentum continued till the end and the stock did not give up its gains. It closed at $96.13, notching a gain of 0.43% for the day. The total traded volume was 441,423 . The stock had closed at $95.72 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the Director of AMERIPRISE FINANCIAL INC, Greenberg Lon R, had purchased 3,900 shares in a transaction dated on June 29, 2016. The transaction was executed at $88.18 per share with total amount equaling $343,902.
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.