News headlines about Ameriprise Financial (NYSE:AMP) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Ameriprise Financial earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 46.8731685740866 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s analysis:
- Family finances: Finding the right adviser for you (chicagotribune.com)
- Ameriprise Financial, Inc. (AMP): Technical Indicators: (stockquote.review)
- Why Is Ameriprise (AMP) Down 2.1% Since Its Last Earnings Report? (zacks.com)
- After 20 years with Ameriprise, $282M team bolts for Commonwealth (financial-planning.com)
- Brokerages Anticipate Ameriprise Financial (AMP) Will Announce Quarterly Sales of $3.09 Billion (americanbankingnews.com)
A number of research analysts recently weighed in on AMP shares. Morgan Stanley lifted their target price on shares of Ameriprise Financial from $187.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. Sandler O’Neill set a $165.00 target price on shares of Ameriprise Financial and gave the company a “hold” rating in a research note on Monday, February 12th. Deutsche Bank started coverage on shares of Ameriprise Financial in a research note on Friday, March 2nd. They set a “buy” rating on the stock. UBS started coverage on shares of Ameriprise Financial in a research note on Friday, March 2nd. They set a “buy” rating and a $217.00 target price on the stock. Finally, Zacks Investment Research cut shares of Ameriprise Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, March 21st. 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 a consensus price target of $167.22.
Ameriprise Financial traded down $2.07, reaching $142.17, on Wednesday, according to MarketBeat.com. The company had a trading volume of 982,900 shares, compared to its average volume of 1,123,944. 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 company has a market cap of $20.61 billion, a P/E ratio of 11.59 and a beta of 1.86. Ameriprise Financial has a 12 month low of $118.84 and a 12 month high of $183.90.
Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings results on Monday, April 23rd. The financial services provider reported $3.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.46 by $0.24. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.09 billion. Ameriprise Financial had a net margin of 13.59% and a return on equity of 33.67%. Ameriprise Financial’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.52 EPS. analysts forecast that Ameriprise Financial will post 14.44 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, May 18th. Shareholders of record on Monday, May 7th were issued a $0.90 dividend. This is an increase from Ameriprise Financial’s previous quarterly dividend of $0.83. This represents a $3.60 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date was Friday, May 4th. Ameriprise Financial’s payout ratio is currently 29.34%.
In other Ameriprise Financial news, CEO James M. Cracchiolo bought 7,400 shares of Ameriprise Financial stock in a transaction dated Thursday, May 10th. The shares were purchased at an average cost of $136.04 per share, for a total transaction of $1,006,696.00. Following the acquisition, the chief executive officer now directly owns 242,416 shares in the company, valued at approximately $32,978,272.64. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Walter Stanley Berman bought 3,728 shares of Ameriprise Financial stock in a transaction dated Wednesday, May 2nd. The stock was acquired at an average price of $134.12 per share, for a total transaction of $499,999.36. Following the completion of the acquisition, the vice president now owns 25,076 shares in the company, valued at $3,363,193.12. The disclosure for this purchase can be found here. Insiders own 1.50% of the company’s stock.
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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