Deutsche Bank Maintains Ameriprise Financial to Buy with Price Target $112.00

Brokerage firm Deutsche Bank Maintains its rating on Ameriprise Financial(NYSE:AMP). In a research note issued to the investors, the brokerage major Raises the price-target to $112.00 per share. The shares have been rated Buy. The rating by Deutsche Bank was issued on Jul 28, 2016.

In a different note, On Jul 25, 2016, RBC Capital said it Downgrades its rating on Ameriprise Financial. The shares have been rated ‘Sector Perform’ by the firm. On Jul 7, 2016, Deutsche Bank said it Maintains its rating on Ameriprise Financial. In the research note, the firm Lowers the price-target to $122.00 per share. The shares have been rated ‘Buy’ by the firm.

Ameriprise Financial (AMP) shares turned negative on Thursdays trading session with the shares closing down -0.12 points or -0.13% at a volume of 7,59,257. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $94.36. The peak price level was also seen at $94.36 while the days lowest was $93.29. Finally the shares closed at $93.94. The 52-week high of the shares is $127.32 while the 52-week low is $75.995. According to the latest information available, the market cap of the company is $15,164 M.

Ameriprise Financial(AMP) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $2.86B. Analysts had an estimated revenue of $2.88B. Earnings per share were $2.23. Analysts had estimated an EPS of $2.34.

Several Insider Transactions has been reported to the SEC. On Jun 30, 2016, Lon R Greenberg (director) purchased 3,900 shares at $88.18 per share price.Also, On Jun 2, 2016, Kelli A Hunter (Exec VP of Human Resources) sold 3,486 shares at $102.07 per share price.On May 18, 2016, William F Truscott (CEO, Global Asset Management) sold 10,300 shares at $95.98 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

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