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Ameriprise Financial (AMP) Receives a Hold from RBC Capital


In a report released today, Kenneth Lee from RBC Capital reiterated a Hold rating on Ameriprise Financial (NYSE: AMP), with a price target of $160. The company’s shares opened today at $135.78, close to its 52-week low of $129.87.

According to TipRanks.com, Lee is a 1-star analyst with an average return of -3.9% and a 31.0% success rate. Lee covers the Financial sector, focusing on stocks such as American Equity Investment Life, Victory Capital Holdings Inc, and Federated Investors.

Ameriprise Financial has an analyst consensus of Moderate Buy, with a price target consensus of $168.60.

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Ameriprise Financial’s market cap is currently $19.25B and has a P/E ratio of 11.84. The company has a Price to Book ratio of 3.42.

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Ameriprise Financial, Inc. operates as a holding company. The company provides financial planning, asset management and insurance services to individuals, businesses and institutions. It operates through five segments: Advice & Wealth Management; Asset Management; Annuities; Protection; and Corporate & Other.