News coverage about Ameriprise Financial (NYSE:AMP) has been trending positive this week, Alpha One Sentiment Analysis reports. The research group, a division of Accern, scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ameriprise Financial earned a media sentiment score of 0.29 on Alpha One’s scale. Alpha One also gave media headlines about the financial services provider an impact score of 26 out of 100, meaning that recent press coverage is unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected AlphaOne Sentiment Analysis’s analysis:
Ameriprise Financial (AMP) traded down 0.65% during trading on Tuesday, reaching $121.50. 530,206 shares of the company’s stock were exchanged. Ameriprise Financial has a 52 week low of $84.92 and a 52 week high of $135.20. The firm has a market capitalization of $18.52 billion, a price-to-earnings ratio of 14.79 and a beta of 1.77. The stock has a 50-day moving average price of $127.43 and a 200 day moving average price of $121.84.
Ameriprise Financial (NYSE:AMP) last issued its earnings results on Monday, April 24th. The financial services provider reported $2.70 EPS for the quarter, topping the consensus estimate of $2.52 by $0.18. The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.89 billion. Ameriprise Financial had a net margin of 11.23% and a return on equity of 23.18%. The business’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.17 EPS. Equities research analysts forecast that Ameriprise Financial will post $10.86 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, May 19th. Shareholders of record on Monday, May 8th were given a dividend of $0.83 per share. This is a positive change from Ameriprise Financial’s previous quarterly dividend of $0.75. This represents a $3.32 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend was Thursday, May 4th. Ameriprise Financial’s payout ratio is presently 38.36%.
A number of analysts recently issued reports on AMP shares. Zacks Investment Research raised shares of Ameriprise Financial from a “hold” rating to a “buy” rating and set a $136.00 price target on the stock in a report on Monday, February 6th. Citigroup Inc reissued a “buy” rating on shares of Ameriprise Financial in a report on Monday, April 3rd. SunTrust Banks, Inc. reissued a “hold” rating and set a $127.00 price target (up from $124.00) on shares of Ameriprise Financial in a report on Wednesday, April 26th. Barclays PLC reissued an “equal weight” rating and set a $130.00 price target (up from $127.00) on shares of Ameriprise Financial in a report on Tuesday, April 25th. Finally, William Blair started coverage on shares of Ameriprise Financial in a report on Thursday, March 2nd. They set an “outperform” rating and a $138.80 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. Ameriprise Financial has an average rating of “Hold” and a consensus target price of $129.07.
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In other Ameriprise Financial news, VP Kelli A. Hunter sold 943 shares of the business’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $128.80, for a total transaction of $121,458.40. Following the sale, the vice president now directly owns 39,919 shares in the company, valued at approximately $5,141,567.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William F. Truscott sold 8,000 shares of the business’s stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $134.63, for a total transaction of $1,077,040.00. Following the sale, the chief executive officer now owns 10,370 shares in the company, valued at $1,396,113.10. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.
Ameriprise Financial 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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