Ameriprise Financial (NYSE:AMP) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, January 29th. Analysts expect the company to announce earnings of $4.24 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.
AMP stock opened at $162.40 on Tuesday. Ameriprise Financial has a 1-year low of $117.09 and a 1-year high of $173.75. The business has a fifty day moving average price of $168.09 and a 200-day moving average price of $150.61. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market capitalization of $21.93 billion, a P/E ratio of 11.44 and a beta of 1.86.
AMP has been the subject of several recent analyst reports. Zacks Investment Research cut Ameriprise Financial from a “hold” rating to a “sell” rating and set a $149.00 price target for the company. in a research note on Wednesday, October 16th. Royal Bank of Canada upgraded Ameriprise Financial from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $149.00 to $190.00 in a research note on Friday, January 3rd. ValuEngine cut Ameriprise Financial from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 24th. Finally, Morgan Stanley cut Ameriprise Financial from an “overweight” rating to an “equal weight” rating and set a $175.00 price target for the company. in a research note on Tuesday, January 7th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $179.25.
In related news, insider Joseph Edward Sweeney sold 8,100 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $167.50, for a total transaction of $1,356,750.00. Following the completion of the sale, the insider now owns 19,669 shares in the company, valued at $3,294,557.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Karen Wilson Thissen sold 303 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $158.67, for a total value of $48,077.01. Following the sale, the vice president now owns 14,599 shares of the company’s stock, valued at approximately $2,316,423.33. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate 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 five segments: Advice & Wealth Management, Asset Management, Annuities, Protection, and Corporate & Other.
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