Ameriprise Financial, Inc. (NYSE:AMP) is scheduled to be posting its quarterly earnings results on Monday, April 24th.
Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings results on Wednesday, February 1st. The financial services provider reported $2.73 EPS for the quarter, beating the Zacks’ consensus estimate of $2.43 by $0.30. The company earned $3.10 billion during the quarter, compared to the consensus estimate of $2.95 billion. Ameriprise Financial had a return on equity of 23.18% and a net margin of 11.23%. During the same period last year, the business posted $2.47 earnings per share. On average, analysts expect Ameriprise Financial to post $10.69 EPS for the current fiscal year and $12.07 EPS for the next fiscal year.
Shares of Ameriprise Financial, Inc. (NYSE:AMP) traded down 0.87% during trading on Friday, reaching $128.44. The company’s stock had a trading volume of 937,180 shares. The firm’s 50-day moving average price is $129.52 and its 200-day moving average price is $115.90. The company has a market capitalization of $19.79 billion, a price-to-earnings ratio of 16.45 and a beta of 1.77. Ameriprise Financial, Inc. has a one year low of $84.92 and a one year high of $135.20.
Several research analysts recently weighed in on the stock. Deutsche Bank AG reaffirmed a “hold” rating and issued a $140.00 target price (up previously from $137.00) on shares of Ameriprise Financial in a report on Thursday. William Blair assumed coverage on shares of Ameriprise Financial in a report on Thursday, March 2nd. They issued an “outperform” rating and a $138.80 target price for the company. Zacks Investment Research downgraded shares of Ameriprise Financial from a “buy” rating to a “hold” rating in a report on Friday, January 6th. Citigroup Inc reaffirmed a “buy” rating on shares of Ameriprise Financial in a report on Monday, April 3rd. Finally, Credit Suisse Group AG raised shares of Ameriprise Financial from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $121.00 to $152.00 in a report on Monday, January 9th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $128.28.
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In other Ameriprise Financial news, VP Kelli A. Hunter sold 6,464 shares of the stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $122.53, for a total transaction of $792,033.92. Following the completion of the transaction, the vice president now owns 32,385 shares of the company’s stock, valued at approximately $3,968,134.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Randy Kupper sold 3,591 shares of the stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $122.88, for a total transaction of $441,262.08. Following the transaction, the executive vice president now directly owns 24,716 shares of the company’s stock, valued at approximately $3,037,102.08. The disclosure for this sale can be found here. Insiders have sold a total of 49,285 shares of company stock valued at $6,157,616 in the last three months. Insiders own 1.40% of the company’s stock.
About Ameriprise Financial
Ameriprise Financial, Inc is a 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 Company uses Ameriprise Financial as its enterprise brand, as well as the name of its advisor network and certain of its retail products and services.
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