Press coverage about AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) has trended positive on Wednesday, AlphaOne reports. The research group, a division of Accern, scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. AMERIPRISE FINANCIAL SERVICES, INC. earned a daily sentiment score of 0.31 on AlphaOne’s scale. AlphaOne also gave media headlines about the financial services provider an impact score of 24 out of 100, indicating that recent press coverage is very unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted AlphaOne Sentiment’s scoring:
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- Ameriprise Financial: Double-Digit Shareholder Yield (talkmarkets.com)
- Ameriprise Financial, Inc. breached its 50 day moving average in a Bullish Manner : AMP-US : June 13, 2017 (finance.yahoo.com)
- Northern Trust : Initiating Research Reports on Asset Management Equities — T.Rowe Price, Ameriprise Financial, Lazard, and Northern Trust (4-traders.com)
- Ameriprise Financial Inc (AMP) Moves 1.96% – Financial News Review (finnewsreview.com)
AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) traded up 0.46% during mid-day trading on Wednesday, reaching $127.83. The company’s stock had a trading volume of 973,866 shares. The firm’s 50 day moving average price is $125.84 and its 200 day moving average price is $123.04. AMERIPRISE FINANCIAL SERVICES, INC. has a 12-month low of $84.92 and a 12-month high of $135.20. The stock has a market cap of $19.49 billion, a price-to-earnings ratio of 15.56 and a beta of 1.86.
AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) last announced its earnings results on Monday, April 24th. The financial services provider reported $2.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.18. The firm had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.89 billion. AMERIPRISE FINANCIAL SERVICES, INC. had a return on equity of 24.75% and a net margin of 11.44%. The business’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.17 EPS. On average, equities analysts predict that AMERIPRISE FINANCIAL SERVICES, INC. will post $10.86 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, May 19th. Investors of record on Monday, May 8th were given a $0.83 dividend. The ex-dividend date was Thursday, May 4th. This is a boost from AMERIPRISE FINANCIAL SERVICES, INC.’s previous quarterly dividend of $0.75. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.60%. AMERIPRISE FINANCIAL SERVICES, INC.’s dividend payout ratio is 40.24%.
Several research firms recently weighed in on AMP. Deutsche Bank AG restated a “hold” rating and set a $140.00 price target (up previously from $137.00) on shares of AMERIPRISE FINANCIAL SERVICES, INC. in a report on Thursday, April 20th. William Blair began coverage on AMERIPRISE FINANCIAL SERVICES, INC. in a report on Thursday, March 2nd. They set an “outperform” rating and a $138.80 price target on the stock. Zacks Investment Research upgraded AMERIPRISE FINANCIAL SERVICES, INC. from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a report on Monday, April 10th. Barclays PLC restated an “equal weight” rating and set a $130.00 price target (up previously from $127.00) on shares of AMERIPRISE FINANCIAL SERVICES, INC. in a report on Tuesday, April 25th. Finally, SunTrust Banks, Inc. restated a “hold” rating and set a $127.00 price target (up previously from $124.00) on shares of AMERIPRISE FINANCIAL SERVICES, INC. in a report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. AMERIPRISE FINANCIAL SERVICES, INC. currently has a consensus rating of “Hold” and an average target price of $129.07.
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In related news, CEO William F. Truscott sold 8,000 shares of the company’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $134.63, for a total value of $1,077,040.00. Following the completion of the sale, the chief executive officer now directly owns 10,370 shares of the company’s stock, valued at approximately $1,396,113.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Kelli A. Hunter sold 943 shares of the company’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $128.80, for a total value of $121,458.40. Following the completion of the sale, the vice president now directly owns 39,919 shares of the company’s stock, valued at $5,141,567.20. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.
About AMERIPRISE FINANCIAL SERVICES, INC.
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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