Ameriprise Financial (AMP) Projected to Post Quarterly Earnings on Wednesday

Ameriprise Financial (NYSE:AMP - Get Free Report) is expected to post its quarterly earnings results before the market opens on Wednesday, January 22nd. Analysts expect Ameriprise Financial to post earnings of $9.16 per share and revenue of $4,457,870.00 billion for the quarter.

Ameriprise Financial Trading Up 2.1 %

NYSE:AMP traded up $10.97 during midday trading on Wednesday, reaching $537.64. 549,830 shares of the stock traded hands, compared to its average volume of 426,303. The stock has a market capitalization of $52.16 billion, a P/E ratio of 20.64, a PEG ratio of 0.96 and a beta of 1.36. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.65 and a current ratio of 0.65. The company has a fifty day moving average of $549.04 and a 200 day moving average of $487.35. Ameriprise Financial has a 12 month low of $368.41 and a 12 month high of $577.00.

Ameriprise Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were paid a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a dividend yield of 1.10%. The ex-dividend date was Monday, November 4th. Ameriprise Financial's dividend payout ratio (DPR) is 22.73%.

Insider Activity

In related news, CFO Walter Stanley Berman sold 8,655 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $564.16, for a total transaction of $4,882,804.80. Following the completion of the transaction, the chief financial officer now owns 6,409 shares of the company's stock, valued at $3,615,701.44. This trade represents a 57.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gumer Alvero sold 2,325 shares of the business's stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $516.05, for a total value of $1,199,816.25. Following the completion of the sale, the insider now directly owns 4,669 shares in the company, valued at $2,409,437.45. This trade represents a 33.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,715 shares of company stock worth $11,983,436. Corporate insiders own 0.73% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on AMP shares. Morgan Stanley raised their target price on Ameriprise Financial from $440.00 to $502.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 17th. UBS Group lowered Ameriprise Financial from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $580.00 to $570.00 in a research report on Monday, January 6th. Royal Bank of Canada upped their target price on Ameriprise Financial from $535.00 to $550.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Keefe, Bruyette & Woods cut their price target on shares of Ameriprise Financial from $565.00 to $560.00 and set a "market perform" rating on the stock in a report on Friday, January 10th. Finally, The Goldman Sachs Group lowered shares of Ameriprise Financial from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $485.00 to $476.00 in a report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $494.89.

Ameriprise Financial Company Profile

Ameriprise Financial, Inc, together with its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through four segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other.

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