AMERIPRISE FINANCIAL SERVICES, INC. (AMP) Receives Daily Media Sentiment Score of 0.32
Headlines about AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) have trended positive recently, Accern reports. The research group identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. 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, INC. earned a media sentiment score of 0.32 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 11 out of 100, meaning that recent media coverage is very unlikely to have an effect on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern’s scoring:
- Of Vermont Has $390000 Position in Ameriprise Financial Services, Inc. (AMP) (footballhebdo.com)
- Ameriprise Financial Services, Inc. (AMP) Chairman James M. Cracchiolo Sells 13,418 Shares (americanbankingnews.com)
- AMERIPRISE FINANCIAL SERVICES, INC. (AMP) Upgraded to Strong-Buy by BidaskClub (americanbankingnews.com)
- Ameriprise Financial Services, Inc. (AMP) Expected to Announce Quarterly Sales of $2.96 Billion (americanbankingnews.com)
- Ameriprise Financial, Inc. (AMP) Reaches New 52-Week High – First News 24 (firstnewspaper24.com)
Shares of AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) traded up 1.03% during mid-day trading on Tuesday, reaching $148.80. The company’s stock had a trading volume of 943,271 shares. The company has a 50 day moving average of $134.69 and a 200-day moving average of $128.19. AMERIPRISE FINANCIAL SERVICES, INC. has a 12 month low of $86.25 and a 12 month high of $149.99. The firm has a market capitalization of $22.36 billion, a P/E ratio of 17.04 and a beta of 1.86.
AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) last released its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $2.80 EPS for the quarter, topping the Zacks’ consensus estimate of $2.62 by $0.18. The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.90 billion. AMERIPRISE FINANCIAL SERVICES, INC. had a return on equity of 26.54% and a net margin of 11.81%. AMERIPRISE FINANCIAL SERVICES, INC.’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.23 EPS. Equities research analysts forecast that AMERIPRISE FINANCIAL SERVICES, INC. will post $11.29 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Monday, August 7th will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Thursday, August 3rd. AMERIPRISE FINANCIAL SERVICES, INC.’s dividend payout ratio is 37.81%.
AMERIPRISE FINANCIAL SERVICES, INC. declared that its board has initiated a stock repurchase program on Monday, April 24th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the financial services provider to buy up to 12.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.
AMP has been the subject of several research reports. Citigroup Inc. set a $166.00 target price on AMERIPRISE FINANCIAL SERVICES, INC. and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research raised AMERIPRISE FINANCIAL SERVICES, INC. from a “hold” rating to a “buy” rating and set a $156.00 price target on the stock in a report on Thursday, July 27th. BidaskClub raised AMERIPRISE FINANCIAL SERVICES, INC. from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Barclays PLC reissued an “equal weight” rating and issued 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. reissued a “hold” rating and issued 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 research analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. AMERIPRISE FINANCIAL SERVICES, INC. has an average rating of “Buy” and an average target price of $145.64.
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In other AMERIPRISE FINANCIAL SERVICES, INC. news, EVP Randy Kupper sold 2,987 shares of the company’s stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $130.24, for a total transaction of $389,026.88. Following the transaction, the executive vice president now owns 30,969 shares of the company’s stock, valued at approximately $4,033,402.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Kelli A. Hunter sold 1,500 shares of the stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $144.59, for a total value of $216,885.00. Following the completion of the transaction, the vice president now directly owns 27,356 shares in the company, valued at approximately $3,955,404.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 144,891 shares of company stock worth $20,931,867. Company insiders own 1.50% of the company’s stock.
AMERIPRISE FINANCIAL SERVICES, INC. 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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