Ameriprise Financial Services, Inc. (AMP) Insider Joseph Edward Sweeney Sells 7,329 Shares of Stock

Ameriprise Financial Services, Inc. (NYSE:AMP) insider Joseph Edward Sweeney sold 7,329 shares of the stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $169.47, for a total transaction of $1,242,045.63. Following the sale, the insider now owns 37,991 shares of the company’s stock, valued at approximately $6,438,334.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Ameriprise Financial Services, Inc. (NYSE AMP) opened at $168.60 on Wednesday. The company has a market cap of $24,819.69, a P/E ratio of 14.27 and a beta of 1.93. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.82. Ameriprise Financial Services, Inc. has a 12 month low of $109.19 and a 12 month high of $170.35.

Ameriprise Financial Services (NYSE:AMP) last released its earnings results on Tuesday, October 24th. The financial services provider reported $3.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.79 by $0.33. The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.97 billion. Ameriprise Financial Services had a net margin of 14.24% and a return on equity of 29.75%. Ameriprise Financial Services’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.29 EPS. equities analysts anticipate that Ameriprise Financial Services, Inc. will post 12.14 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Monday, November 6th were issued a $0.83 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.97%. Ameriprise Financial Services’s dividend payout ratio (DPR) is presently 30.97%.

AMP has been the subject of a number of recent analyst reports. BidaskClub downgraded shares of Ameriprise Financial Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 19th. Zacks Investment Research downgraded shares of Ameriprise Financial Services from a “buy” rating to a “hold” rating in a research report on Thursday, August 31st. Barclays restated an “equal weight” rating on shares of Ameriprise Financial Services in a research report on Monday, October 2nd. Morgan Stanley raised their price objective on shares of Ameriprise Financial Services from $152.00 to $162.00 and gave the company an “overweight” rating in a research report on Thursday, October 5th. Finally, Royal Bank of Canada set a $149.00 price objective on shares of Ameriprise Financial Services and gave the company a “hold” rating in a research report on Wednesday, October 18th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $154.20.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Intrust Bank NA boosted its holdings in shares of Ameriprise Financial Services by 0.7% in the 2nd quarter. Intrust Bank NA now owns 1,793 shares of the financial services provider’s stock valued at $228,000 after purchasing an additional 12 shares during the last quarter. Neuberger Berman Group LLC boosted its holdings in shares of Ameriprise Financial Services by 0.3% in the 2nd quarter. Neuberger Berman Group LLC now owns 9,097 shares of the financial services provider’s stock valued at $1,158,000 after purchasing an additional 29 shares during the last quarter. National Asset Management Inc. boosted its holdings in shares of Ameriprise Financial Services by 1.0% in the 2nd quarter. National Asset Management Inc. now owns 3,165 shares of the financial services provider’s stock valued at $406,000 after purchasing an additional 32 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Ameriprise Financial Services by 1.7% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,964 shares of the financial services provider’s stock valued at $250,000 after purchasing an additional 33 shares during the last quarter. Finally, Johnson Financial Group Inc. boosted its holdings in shares of Ameriprise Financial Services by 3.3% in the 2nd quarter. Johnson Financial Group Inc. now owns 1,181 shares of the financial services provider’s stock valued at $150,000 after purchasing an additional 38 shares during the last quarter. Institutional investors own 81.74% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This story was first reported by Week Herald and is owned by of Week Herald. If you are accessing this story on another domain, it was illegally stolen and republished in violation of United States & international trademark & copyright laws. The original version of this story can be accessed at https://weekherald.com/2017/12/13/ameriprise-financial-services-inc-amp-insider-joseph-edward-sweeney-sells-7329-shares-of-stock.html.

About Ameriprise Financial Services

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.

Insider Buying and Selling by Quarter for Ameriprise Financial Services (NYSE:AMP)

Receive News & Ratings for Ameriprise Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameriprise Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply