Ameriprise Monetary, Inc. (NYSE:AMP – Get Free Report) VP William Davies offered 8,700 shares of the agency’s inventory in a transaction on Friday, August thirtieth. The inventory was offered at a mean value of $442.07, for a complete worth of $3,846,009.00. Following the completion of the sale, the vice chairman now immediately owns 13,199 shares of the corporate’s inventory, valued at $5,834,881.93. The sale was disclosed in a doc filed with the SEC, which will be accessed via this hyperlink.
Ameriprise Monetary Value Efficiency
AMP inventory opened at $442.91 on Thursday. The enterprise’s fifty day transferring common value is $427.77 and its 200 day transferring common value is $425.41. Ameriprise Monetary, Inc. has a 12-month low of $306.63 and a 12-month excessive of $450.35. The corporate has a present ratio of 0.59, a fast ratio of 0.59 and a debt-to-equity ratio of 1.16. The corporate has a market capitalization of $43.99 billion, a PE ratio of 15.08, a P/E/G ratio of 0.78 and a beta of 1.37.
Ameriprise Monetary (NYSE:AMP – Get Free Report) final issued its quarterly earnings outcomes on Wednesday, July twenty fourth. The monetary providers supplier reported $8.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.53 by $0.19. The corporate had income of $4.39 billion for the quarter, in comparison with analyst estimates of $4.24 billion. Ameriprise Monetary had a internet margin of 18.64% and a return on fairness of 73.83%. The enterprise’s income for the quarter was up 9.6% in comparison with the identical quarter final yr. Throughout the identical interval within the prior yr, the agency earned $7.44 earnings per share. On common, sell-side analysts anticipate that Ameriprise Monetary, Inc. will submit 34.81 EPS for the present yr.
Ameriprise Monetary Dividend Announcement
The agency additionally not too long ago introduced a quarterly dividend, which was paid on Friday, August sixteenth. Shareholders of file on Monday, August fifth had been issued a dividend of $1.48 per share. The ex-dividend date was Monday, August fifth. This represents a $5.92 dividend on an annualized foundation and a yield of 1.34%. Ameriprise Monetary’s dividend payout ratio (DPR) is presently 20.15%.
Hedge Funds Weigh In On Ameriprise Monetary
A number of hedge funds and different institutional traders have not too long ago added to or decreased their stakes within the enterprise. Benjamin F. Edwards & Firm Inc. grew its stake in Ameriprise Monetary by 117.4% through the 4th quarter. Benjamin F. Edwards & Firm Inc. now owns 1,111 shares of the monetary providers supplier’s inventory price $422,000 after buying an extra 600 shares within the final quarter. Non-public Advisor Group LLC raised its holdings in Ameriprise Monetary by 10.5% within the fourth quarter. Non-public Advisor Group LLC now owns 6,120 shares of the monetary providers supplier’s inventory valued at $2,324,000 after buying an extra 583 shares within the final quarter. Machina Capital S.A.S. bought a brand new place in Ameriprise Monetary within the fourth quarter price roughly $300,000. Lincoln Nationwide Corp grew its holdings in Ameriprise Monetary by 35.8% through the 4th quarter. Lincoln Nationwide Corp now owns 2,588 shares of the monetary providers supplier’s inventory price $983,000 after buying an extra 682 shares within the final quarter. Lastly, Apollon Wealth Administration LLC elevated its place in shares of Ameriprise Monetary by 46.4% within the 4th quarter. Apollon Wealth Administration LLC now owns 4,956 shares of the monetary providers supplier’s inventory valued at $1,882,000 after buying an extra 1,570 shares over the last quarter. Hedge funds and different institutional traders personal 83.95% of the corporate’s inventory.
Analyst Rankings Adjustments
A number of analysis companies not too long ago issued reviews on AMP. Keefe, Bruyette & Woods minimize their value goal on shares of Ameriprise Monetary from $470.00 to $460.00 and set a “market carry out” score for the corporate in a analysis report on Tuesday, July thirtieth. Jefferies Monetary Group raised their value goal on shares of Ameriprise Monetary from $500.00 to $504.00 and gave the inventory a “purchase” score in a report on Friday, June twenty eighth. Royal Financial institution of Canada upped their value goal on Ameriprise Monetary from $487.00 to $500.00 and gave the corporate an “outperform” score in a report on Tuesday, July thirtieth. Piper Sandler minimize their goal value on Ameriprise Monetary from $390.00 to $387.00 and set an “underweight” score for the corporate in a analysis be aware on Friday, June twenty eighth. Lastly, UBS Group decreased their value goal on Ameriprise Monetary from $500.00 to $495.00 and set a “purchase” score on the inventory in a analysis be aware on Tuesday, July ninth. One equities analysis analyst has rated the inventory with a promote score, 5 have given a maintain score and 5 have issued a purchase score to the corporate. In accordance with knowledge from MarketBeat.com, the inventory presently has a consensus score of “Maintain” and a consensus goal value of $464.33.
About Ameriprise Monetary
Ameriprise Monetary, Inc, along with its subsidiaries, supplies numerous monetary services to particular person and institutional shoppers in the USA and internationally. It operates via 4 segments: Recommendation & Wealth Administration, Asset Administration, Retirement & Safety Options, and Company & Different.
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