Ameriprise Financial, Inc. (NYSE:AMP) declared a quarterly dividend on Wednesday, January 24th, RTT News reports. Investors of record on Friday, February 16th will be given a dividend of 0.83 per share by the financial services provider on Wednesday, February 28th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Thursday, February 15th.

Ameriprise Financial has increased its dividend payment by an average of 12.8% per year over the last three years and has raised its dividend every year for the last 8 years. Ameriprise Financial has a payout ratio of 27.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Ameriprise Financial to earn $15.79 per share next year, which means the company should continue to be able to cover its $3.32 annual dividend with an expected future payout ratio of 21.0%.

Ameriprise Financial (AMP) opened at $156.62 on Wednesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.67 and a quick ratio of 0.67. Ameriprise Financial has a 1 year low of $118.84 and a 1 year high of $183.90. The firm has a market capitalization of $23,063.77, a price-to-earnings ratio of 16.59 and a beta of 1.85.

Ameriprise Financial (NYSE:AMP) last released its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $1.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.08 by ($1.90). Ameriprise Financial had a net margin of 12.31% and a return on equity of 31.03%. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same quarter last year, the business earned $2.46 EPS. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. research analysts expect that Ameriprise Financial will post 14.43 earnings per share for the current fiscal year.

In other Ameriprise Financial news, EVP Deirdre Davey Mcgraw sold 5,500 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $174.04, for a total transaction of $957,220.00. Following the completion of the sale, the executive vice president now directly owns 8,138 shares in the company, valued at approximately $1,416,337.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David Kent Stewart sold 603 shares of Ameriprise Financial stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $160.72, for a total value of $96,914.16. Following the sale, the insider now owns 20,081 shares of the company’s stock, valued at $3,227,418.32. The disclosure for this sale can be found here. Insiders have sold a total of 49,628 shares of company stock valued at $8,570,993 over the last 90 days. Corporate insiders own 1.50% of the company’s stock.

A number of research firms recently weighed in on AMP. Sandler O’Neill set a $165.00 price target on Ameriprise Financial and gave the company a “hold” rating in a research report on Monday. Royal Bank of Canada set a $155.00 price target on Ameriprise Financial and gave the company a “sector perform” rating in a research report on Wednesday, October 25th. ValuEngine lowered Ameriprise Financial from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Morgan Stanley increased their price target on Ameriprise Financial from $187.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, January 25th. Finally, SunTrust Banks raised their price objective on Ameriprise Financial to $180.00 and gave the stock a “hold” rating in a research report on Friday, January 19th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Ameriprise Financial presently has an average rating of “Buy” and a consensus price target of $164.98.

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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.

Dividend History for Ameriprise Financial (NYSE:AMP)

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