Ameriprise Financial (AMP) Given Daily News Sentiment Rating of 0.23

Media stories about Ameriprise Financial (NYSE:AMP) have been trending somewhat positive on Wednesday, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ameriprise Financial earned a coverage optimism score of 0.23 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 44.8247803351285 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the media headlines that may have effected Accern Sentiment’s rankings:

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Shares of NYSE AMP traded up $0.29 during mid-day trading on Wednesday, hitting $144.99. 223,386 shares of the stock were exchanged, compared to its average volume of 1,089,875. The firm has a market cap of $20,877.21, a price-to-earnings ratio of 11.79 and a beta of 1.84. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.85. Ameriprise Financial has a twelve month low of $118.84 and a twelve month high of $183.90.

Ameriprise Financial (NYSE:AMP) last posted its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $1.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.08 by ($1.90). The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.05 billion. Ameriprise Financial had a return on equity of 31.03% and a net margin of 12.31%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.46 EPS. analysts forecast that Ameriprise Financial will post 14.43 earnings per share for the current year.

AMP has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Ameriprise Financial from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. UBS started coverage on shares of Ameriprise Financial in a report on Friday, March 2nd. They set a “buy” rating and a $217.00 price target for the company. Royal Bank of Canada set a $168.00 target price on shares of Ameriprise Financial and gave the company a “hold” rating in a research note on Saturday, December 16th. SunTrust Banks increased their price target on shares of Ameriprise Financial to $180.00 and gave the stock a “hold” rating in a research report on Friday, January 19th. Finally, Deutsche Bank initiated coverage on shares of Ameriprise Financial in a research report on Friday, March 2nd. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $171.56.

In other news, EVP Randy Kupper sold 4,381 shares of Ameriprise Financial stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $159.61, for a total transaction of $699,251.41. Following the transaction, the executive vice president now directly owns 21,607 shares of the company’s stock, valued at $3,448,693.27. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO William F. Truscott sold 31,379 shares of Ameriprise Financial stock in a transaction on 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 transaction, the chief executive officer now directly owns 67,058 shares in the company, valued at $11,643,951.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,260 shares of company stock valued at $7,105,121. Company insiders own 1.50% of the company’s stock.

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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.

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

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