Ameriprise Financial (AMP) Receiving Favorable Media Coverage, Analysis Shows
News coverage about Ameriprise Financial (NYSE:AMP) has trended positive on Sunday, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ameriprise Financial earned a news impact score of 0.26 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 44.847427970757 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Lombard Odier Asset Management Switzerland SA Has $22.63 Million Stake in Ameriprise Financial, Inc. (AMP) (americanbankingnews.com)
- Ameriprise Financial, Inc. (AMP) Position Cut by WINTON GROUP Ltd (americanbankingnews.com)
- Ameriprise Financial, Inc. (AMP) Stake Raised by Assetmark Inc. (americanbankingnews.com)
- Ameriprise Financial (AMP) Now Covered by Deutsche Bank (americanbankingnews.com)
- Lazard Asset Management LLC Increases Holdings in Ameriprise Financial, Inc. (AMP) (americanbankingnews.com)
Shares of Ameriprise Financial (NYSE:AMP) traded down $2.75 during trading hours on Friday, reaching $150.91. The company’s stock had a trading volume of 1,562,087 shares, compared to its average volume of 1,100,874. Ameriprise Financial has a fifty-two week low of $118.84 and a fifty-two week high of $183.90. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.85. The stock has a market cap of $22,082.96, a price-to-earnings ratio of 15.99 and a beta of 1.84.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Friday, February 16th were given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Thursday, February 15th. Ameriprise Financial’s dividend payout ratio (DPR) is 35.17%.
Several research firms have recently issued reports on AMP. UBS Group began coverage on Ameriprise Financial in a research report on Friday. They issued a “buy” rating and a $217.00 price target for the company. Deutsche Bank began coverage on Ameriprise Financial in a research report on Friday. They issued a “buy” rating for the company. Sandler O’Neill set a $165.00 price target on Ameriprise Financial and gave the stock a “hold” rating in a research report on Monday, February 12th. Morgan Stanley lifted their price target on Ameriprise Financial from $187.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, January 25th. Finally, SunTrust Banks lifted their price target on Ameriprise Financial to $180.00 and gave the stock a “hold” rating in a research report on Friday, January 19th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $173.67.
In other Ameriprise Financial news, CEO William F. Truscott sold 31,379 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $173.64, for a total transaction of $5,448,649.56. Following the completion of the sale, the chief executive officer now directly owns 67,058 shares in the company, valued at approximately $11,643,951.12. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Randy Kupper sold 4,381 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $159.61, for a total value of $699,251.41. Following the sale, the executive vice president now owns 21,607 shares of the company’s stock, valued at $3,448,693.27. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 53,406 shares of company stock valued at $9,173,330. Corporate insiders own 1.50% of the company’s stock.
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About Ameriprise Financial
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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