News articles about Ameriprise Financial (NYSE:AMP) have trended somewhat positive on Tuesday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ameriprise Financial earned a news impact score of 0.22 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 47.0676667477744 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- $3.54 EPS Expected for Ameriprise Financial (AMP) This Quarter (americanbankingnews.com)
- Ameriprise Financial (AMP) PT Lowered to $145 at Sandler O’Neill (streetinsider.com)
- Ameriprise Financial (AMP) Given Average Rating of “Hold” by Analysts (americanbankingnews.com)
- What Are Apollo Global’s Valuations? (marketrealist.com)
- Ameriprise Financial Inc (AMP) Chairman and CEO James M Cracchiolo Bought $1 million of Shares (gurufocus.com)
AMP traded down $0.80 on Tuesday, hitting $138.16. The company had a trading volume of 1,208,911 shares, compared to its average volume of 1,127,316. Ameriprise Financial has a 1-year low of $137.84 and a 1-year high of $139.24. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market cap of $19.82 billion, a P/E ratio of 11.26 and a beta of 1.86.
Ameriprise Financial (NYSE:AMP) last posted its earnings results on Monday, April 23rd. The financial services provider reported $3.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.46 by $0.24. Ameriprise Financial had a return on equity of 33.67% and a net margin of 13.59%. The firm had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same period in the previous year, the company earned $2.52 EPS. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. analysts anticipate that Ameriprise Financial will post 14.44 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, May 18th. Investors of record on Monday, May 7th will be issued a $0.90 dividend. This is a positive change from Ameriprise Financial’s previous quarterly dividend of $0.83. This represents a $3.60 annualized dividend and a yield of 2.61%. The ex-dividend date is Friday, May 4th. Ameriprise Financial’s payout ratio is 29.34%.
Several equities research analysts have recently issued reports on the company. Credit Suisse Group assumed coverage on Ameriprise Financial in a report on Wednesday, April 25th. They set a “neutral” rating and a $154.00 price target for the company. Sandler O’Neill set a $158.00 price target on Ameriprise Financial and gave the company a “hold” rating in a report on Tuesday, April 24th. Royal Bank of Canada set a $158.00 price target on Ameriprise Financial and gave the company a “hold” rating in a report on Tuesday, April 24th. SunTrust Banks reduced their price target on Ameriprise Financial to $150.00 and set a “hold” rating for the company in a report on Wednesday, April 25th. They noted that the move was a valuation call. Finally, Morgan Stanley lifted their price target on Ameriprise Financial from $187.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $167.22.
In other Ameriprise Financial news, CEO James M. Cracchiolo purchased 7,400 shares of the company’s stock in a transaction on Thursday, May 10th. The shares were bought at an average cost of $136.04 per share, with a total value of $1,006,696.00. Following the transaction, the chief executive officer now directly owns 242,416 shares in the company, valued at approximately $32,978,272.64. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Randy Kupper sold 4,381 shares of Ameriprise Financial stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $159.61, for a total value of $699,251.41. Following the completion of the transaction, the executive vice president now directly owns 21,607 shares in the company, valued at $3,448,693.27. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.
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.
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