News headlines about Ameriprise Financial (NYSE:AMP) have trended somewhat positive on Wednesday, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, 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 assigned news stories 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 effect on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern’s scoring:
Get Ameriprise Financial alerts: 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)Ameriprise Financial traded down $2.07, hitting $142.17, during mid-day trading on Wednesday, Marketbeat reports. 982,900 shares of the stock traded hands, compared to its average volume of 1,123,944. The company has a market capitalization of $20.61 billion, a price-to-earnings ratio of 11.59 and a beta of 1.86. Ameriprise Financial has a 52 week low of $118.84 and a 52 week high of $183.90. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.87.
Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings results on Monday, April 23rd. The financial services provider reported $3.70 EPS for the quarter, beating the consensus estimate 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%. The firm’s revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.52 EPS. equities analysts forecast that Ameriprise Financial will post 14.44 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 18th. Shareholders of record on Monday, May 7th were given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.53%. This is a boost from Ameriprise Financial’s previous quarterly dividend of $0.83. The ex-dividend date was Friday, May 4th. Ameriprise Financial’s payout ratio is 29.34%.
A number of analysts have recently weighed in on AMP shares. UBS assumed coverage on shares of Ameriprise Financial in a report on Friday, March 2nd. They issued a “buy” rating and a $217.00 target price on the stock. Deutsche Bank assumed coverage on shares of Ameriprise Financial in a report on Friday, March 2nd. They set a “buy” rating on the stock. Zacks Investment Research upgraded shares of Ameriprise Financial from a “hold” rating to a “buy” rating and set a $176.00 price target on the stock in a report on Thursday, March 22nd. Royal Bank of Canada set a $158.00 price target on shares of Ameriprise Financial and gave the company a “hold” rating in a report on Tuesday, April 24th. Finally, Sandler O’Neill set a $158.00 price target on shares of Ameriprise Financial and gave the company a “hold” rating in a report on Tuesday, April 24th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Ameriprise Financial has a consensus rating of “Hold” and an average target price of $167.22.
In related news, CEO James M. Cracchiolo acquired 7,400 shares of the stock in a transaction on Thursday, May 10th. The stock was 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 $32,978,272.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Randy Kupper sold 4,381 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $159.61, for a total transaction of $699,251.41. Following the completion of the sale, the executive vice president now directly owns 21,607 shares of the company’s stock, valued at $3,448,693.27. The disclosure for this sale can be found here. 1.50% of the stock is 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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