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Ameriprise Financial, Inc. (NYSE:AMP) has been downgraded to Underweight in a statement by Oppenheimer Holdings Inc. earlier today.

Oppenheimer Holdings Inc. has downgraded Ameriprise Financial, Inc. (NYSE:AMP) to Underweight in a statement released on Monday October 10, 2016.

Having a price of $102.03, Ameriprise Financial, Inc. (NYSE:AMP) traded 0.43% higher on the day. With the last stock price close up 4.99% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same period. Ameriprise Financial, Inc. has recorded a 50-day moving average of $99.73 and a 200-day moving average of $96.77. 141,205 shares of the stock traded hands, down from an average trading volume of 846,274

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Ameriprise Financial, Inc. (NYSE:AMP)

Ameriprise Financial, Inc. has a 52 week low of $76.00 and a 52 week high of $120.29 with a P/E ratio of 12.33 Ameriprise Financial, Inc.’s market capitalization is currently $0.

In addition to Oppenheimer Holdings Inc. reporting its stock price target, a total of 9 brokerages have issued a ratings update on the company. The average stock price target is $114.11 with 0 brokerages rating the stock a strong buy, 6 firms rating the stock a buy, 3 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Ameriprise Financial, Inc. (NYSE:AMP)

Ameriprise Financial, Inc. is a diversified financial services company that offers financial solutions to individual and institutional clients. The Company operates in five segments: Advice & Wealth Management; Asset Management; Annuities; Protection, and Corporate & Other. The Advice & Wealth Management segment provides financial planning and advice, as well as 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 Threadneedle Investments. The Annuities segment provides RiverSource variable and fixed annuity products to individual clients. The Protection segment offers a range of products to address the protection and risk management needs of retail clients. The Company's Corporate & Other segment consists of net investment income or loss on corporate level assets.

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