Positive News Coverage Somewhat Unlikely to Affect Ameriprise Financial Services (AMP) Share Price
News coverage about Ameriprise Financial Services (NYSE:AMP) has trended positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ameriprise Financial Services earned a coverage optimism score of 0.28 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 46.1633832215203 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Ameriprise Financial Services, Inc. (AMP) Given a $149.00 Price Target at Royal Bank Of Canada (americanbankingnews.com)
- Zacks: Brokerages Anticipate Ameriprise Financial Services, Inc. (AMP) to Post $2.86 EPS (americanbankingnews.com)
- AMERIPRISE FINANCIAL SERVICES, INC. (AMP) Scheduled to Post Earnings on Monday (americanbankingnews.com)
- Goldman Sachs earnings will unlock the volatility mystery: NYSE trader (finance.yahoo.com)
- Comparing Ameriprise Financial Services (AMP) and Its Peers (americanbankingnews.com)
AMP has been the topic of several recent analyst reports. Royal Bank Of Canada set a $149.00 price target on Ameriprise Financial Services and gave the company a “sector perform” rating in a research note on Wednesday, July 26th. Zacks Investment Research lowered Ameriprise Financial Services from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. BidaskClub lowered Ameriprise Financial Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 19th. Barclays PLC reaffirmed an “equal weight” rating on shares of Ameriprise Financial Services in a research note on Monday, October 2nd. Finally, Morgan Stanley upped their price target on Ameriprise Financial Services from $148.00 to $152.00 and gave the company an “overweight” rating in a research note on Wednesday, July 26th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $149.31.
Ameriprise Financial Services (AMP) opened at 152.45 on Friday. The company’s 50-day moving average price is $144.71 and its 200 day moving average price is $135.11. Ameriprise Financial Services has a 1-year low of $86.25 and a 1-year high of $153.75. The firm has a market cap of $22.86 billion, a price-to-earnings ratio of 17.46 and a beta of 1.88.
Ameriprise Financial Services (NYSE:AMP) last issued its earnings results on Tuesday, July 25th. The financial services provider reported $2.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.62 by $0.18. Ameriprise Financial Services had a return on equity of 26.54% and a net margin of 11.81%. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter last year, the firm earned $2.23 earnings per share. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities analysts expect that Ameriprise Financial Services will post $11.27 earnings per share for the current fiscal year.
In related news, insider David Kent Stewart sold 4,945 shares of Ameriprise Financial Services stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $144.21, for a total value of $713,118.45. Following the transaction, the insider now owns 21,969 shares in the company, valued at $3,168,149.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Kelli A. Hunter sold 1,500 shares of Ameriprise Financial Services stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $144.59, for a total value of $216,885.00. Following the completion of the transaction, the vice president now owns 27,356 shares in the company, valued at approximately $3,955,404.04. The disclosure for this sale can be found here. Insiders sold 182,979 shares of company stock worth $26,479,126 in the last quarter. 1.50% of the stock is owned by insiders.
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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.
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