News articles about Ameriprise Financial Services (NYSE:AMP) have trended somewhat positive on Tuesday, according to Accern. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ameriprise Financial Services earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 46.2353925570981 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- Ameriprise Financial Inc (AMP) Chairman and CEO James M Cracchiolo Sold $6.7 million of Shares (nasdaq.com)
- Thousands of Ameriprise Financial Volunteers Work to Help End Hunger at Nonprofits across the Country (finance.yahoo.com)
- Insider Selling: Ameriprise Financial Services, Inc. (AMP) CEO Sells 2,428 Shares of Stock (americanbankingnews.com)
- Insider Selling: Ameriprise Financial Services, Inc. (AMP) Chairman Sells 42,228 Shares of Stock (americanbankingnews.com)
- Ameriprise Financial Named “Best Place to Work” for LGBTQ Equality for 12th Consecutive Year (finance.yahoo.com)
Shares of Ameriprise Financial Services (NYSE:AMP) traded up $0.10 during trading hours on Tuesday, reaching $157.32. 580,400 shares of the company were exchanged, compared to its average volume of 1,044,116. The firm has a market cap of $23,257.55, a PE ratio of 13.37 and a beta of 1.92. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.67 and a current ratio of 0.67. Ameriprise Financial Services has a 12-month low of $109.19 and a 12-month high of $163.04.
Ameriprise Financial Services (NYSE:AMP) last issued its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $3.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.79 by $0.33. The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.97 billion. Ameriprise Financial Services had a net margin of 14.24% and a return on equity of 29.75%. Ameriprise Financial Services’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.29 EPS. analysts anticipate that Ameriprise Financial Services will post 12.14 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Monday, November 6th will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Friday, November 3rd. Ameriprise Financial Services’s dividend payout ratio is currently 30.97%.
Several brokerages recently weighed in on AMP. Royal Bank Of Canada set a $155.00 target price on shares of Ameriprise Financial Services and gave the stock a “sector perform” rating in a research note on Wednesday, October 25th. SunTrust Banks, Inc. upped their target price on shares of Ameriprise Financial Services from $140.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, October 26th. Morgan Stanley upped their target price on shares of Ameriprise Financial Services from $152.00 to $162.00 and gave the company an “overweight” rating in a report on Thursday, October 5th. Zacks Investment Research upgraded shares of Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $167.00 target price for the company in a report on Thursday, October 5th. Finally, Barclays PLC restated an “equal weight” rating on shares of Ameriprise Financial Services in a report on Monday, October 2nd. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $154.20.
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In other news, Chairman James M. Cracchiolo sold 39,450 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $144.50, for a total value of $5,700,525.00. Following the completion of the sale, the chairman now owns 260,887 shares in the company, valued at approximately $37,698,171.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James M. Cracchiolo sold 2,428 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $161.07, for a total transaction of $391,077.96. Following the completion of the transaction, the chief executive officer now owns 242,013 shares of the company’s stock, valued at approximately $38,981,033.91. The disclosure for this sale can be found here. Insiders sold a total of 99,167 shares of company stock valued at $15,244,202 in the last 90 days. Company insiders own 1.50% of the company’s stock.
Ameriprise Financial Services Company Profile
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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