Traders Buy High Volume of Ameriprise Financial Put Options (AMP)

Ameriprise Financial (NYSE:AMP) saw some unusual options trading on Wednesday. Investors acquired 1,009 put options on the stock. This represents an increase of 909% compared to the average volume of 100 put options.

AMP opened at $144.62 on Thursday. 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 firm has a market cap of $21,082.08, a price-to-earnings ratio of 11.79 and a beta of 1.84. Ameriprise Financial has a one year low of $118.84 and a one year high of $183.90.

Ameriprise Financial (NYSE:AMP) last posted its earnings results on Wednesday, January 24th. The financial services provider reported $1.18 EPS for the quarter, missing the Zacks’ consensus estimate of $3.08 by ($1.90). The firm had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.05 billion. Ameriprise Financial had a return on equity of 31.03% and a net margin of 12.31%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.46 earnings per share. equities analysts anticipate that Ameriprise Financial will post 14.38 earnings per share for the current year.

In other Ameriprise Financial news, EVP Deirdre Davey Mcgraw sold 5,500 shares of Ameriprise Financial stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $174.04, for a total value of $957,220.00. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Randy Kupper sold 4,381 shares of Ameriprise Financial stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $159.61, for a total value of $699,251.41. Following the completion of the transaction, the executive vice president now owns 21,607 shares in the company, valued at $3,448,693.27. The disclosure for this sale can be found here. Insiders sold a total of 41,260 shares of company stock worth $7,105,121 over the last quarter. Company insiders own 1.50% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. AXA boosted its position in Ameriprise Financial by 26.3% during the fourth quarter. AXA now owns 497,212 shares of the financial services provider’s stock worth $84,262,000 after purchasing an additional 103,465 shares in the last quarter. Legacy Private Trust Co. boosted its position in Ameriprise Financial by 12.1% during the fourth quarter. Legacy Private Trust Co. now owns 29,143 shares of the financial services provider’s stock worth $4,939,000 after purchasing an additional 3,138 shares in the last quarter. Crewe Advisors LLC purchased a new stake in Ameriprise Financial during the fourth quarter worth $133,000. Lazard Asset Management LLC boosted its position in Ameriprise Financial by 5.7% during the fourth quarter. Lazard Asset Management LLC now owns 312,763 shares of the financial services provider’s stock worth $53,003,000 after purchasing an additional 16,895 shares in the last quarter. Finally, BB&T Securities LLC boosted its position in Ameriprise Financial by 1.1% during the fourth quarter. BB&T Securities LLC now owns 49,751 shares of the financial services provider’s stock worth $8,431,000 after purchasing an additional 534 shares in the last quarter. Institutional investors own 86.75% of the company’s stock.

AMP has been the topic of a number of analyst reports. Zacks Investment Research downgraded Ameriprise Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, March 21st. Sandler O’Neill set a $165.00 price target on Ameriprise Financial and gave the company a “hold” rating in a research note on Monday, February 12th. Morgan Stanley lifted their price target on Ameriprise Financial from $187.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. SunTrust Banks lifted their price target on Ameriprise Financial to $180.00 and gave the company a “hold” rating in a research note on Friday, January 19th. Finally, Deutsche Bank initiated coverage on Ameriprise Financial in a research note on Friday, March 2nd. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $169.22.

Ameriprise Financial Company Profile

Ameriprise Financial, Inc, through its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through Advice & Wealth Management, Asset Management, Annuities, and Protection segments. The Advice & Wealth Management segment provides financial planning and advice, as well as full-service brokerage services primarily to retail clients through its advisors.

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