Ameriprise Financial (AMP) Earns Daily Coverage Optimism Rating of 0.18

Headlines about Ameriprise Financial (NYSE:AMP) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Ameriprise Financial earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 45.8596388776848 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news stories that may have effected Accern’s analysis:

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A number of equities analysts recently commented on the company. Zacks Investment Research cut Ameriprise Financial from a “buy” rating to a “hold” rating in a report on Wednesday, March 21st. Sandler O’Neill set a $165.00 price objective on Ameriprise Financial and gave the company a “hold” rating in a research note on Monday, February 12th. Morgan Stanley lifted their price objective on Ameriprise Financial from $187.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. SunTrust Banks lifted their price objective on Ameriprise Financial to $180.00 and gave the company a “hold” rating in a research note on Friday, January 19th. Finally, Deutsche Bank began coverage on Ameriprise Financial in a research note on Friday, March 2nd. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $172.88.

Shares of AMP traded down $1.89 during midday trading on Friday, hitting $143.69. The company had a trading volume of 1,388,044 shares, compared to its average volume of 947,292. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market capitalization of $21,303.04, a PE ratio of 11.71 and a beta of 1.84. Ameriprise Financial has a 1 year low of $118.84 and a 1 year high of $183.90.

Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.08 by ($1.90). The company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.05 billion. Ameriprise Financial had a net margin of 12.31% and a return on equity of 31.03%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.46 EPS. analysts predict that Ameriprise Financial will post 14.38 EPS for the current year.

In other news, CEO William F. Truscott sold 31,379 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $173.64, for a total transaction of $5,448,649.56. Following the sale, the chief executive officer now owns 67,058 shares of the company’s stock, valued at approximately $11,643,951.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Deirdre Davey Mcgraw sold 5,500 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $174.04, for a total value of $957,220.00. Following the sale, the executive vice president now directly owns 8,138 shares in the company, valued at approximately $1,416,337.52. The disclosure for this sale can be found here. Insiders sold a total of 41,260 shares of company stock valued at $7,105,121 in the last quarter. Company insiders own 1.50% of the company’s stock.

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About Ameriprise Financial

Ameriprise Financial, Inc, through its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through Advice & Wealth Management, Asset Management, Annuities, and Protection segments. The Advice & Wealth Management segment provides financial planning and advice, as well as full-service brokerage services primarily to retail clients through its advisors.

Insider Buying and Selling by Quarter for Ameriprise Financial (NYSE:AMP)

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