Ameriprise Financial (AMP) was Downgraded by Deutsche Bank to ” Hold” and the brokerage firm has set the Price Target at $112. Earlier the firm had a rating of “Buy ” on the company shares. Deutsche Bank advised their investors in a research report released on Oct 14, 2016.
Many Wall Street Analysts have commented on Ameriprise Financial. Ameriprise Financial was Initiated by Credit Suisse to “Neutral” on Oct 7, 2016. Shares were Downgraded by RBC Capital Mkts on Jul 25, 2016 to ” Sector Perform” and Lowered the Price Target to $ 98 from a previous price target of $121 .
On the company’s financial health, Ameriprise Financial reported $2.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus of $2.18. The company had revenue of $2788.00 million for the quarter, compared to analysts expectations of $2853.16 million. The company’s revenue was down -3.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.18 EPS.
Ameriprise Financial closed down -1.93 points or -1.90% at $99.69 with 6,94,860 shares getting traded on Tuesday. Post opening the session at $101.36, the shares hit an intraday low of $99.13 and an intraday high of $101.83 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Sep 27, 2016, Randy Kupper (EVP Technology and CIO) sold 4,129 shares at $100.81 per share price. According to the SEC, on Sep 9, 2016, John Carl Junek (Exec VP and General Counsel) sold 4,683 shares at $100.29 per share price. On Sep 9, 2016, John Robert Woerner (Pres Ins & Chief Strat Officer) sold 4,513 shares at $100.71 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.