Company chares are trading at $133.31 marginally over the 50 day moving average of $125.63 and a tad higher than the 200 day moving average of $124.06. The 50 day moving average was up $7.68 and the 200 day average went up by +7.45%. Ameriprise Financial, Inc. shares had a trading volume of 991K by the end of trading on Thursday. Trading volume was down 40.38% under the stocks average daily volume.
There has been some selling insider activity on Ameriprise Financial, Inc. (NYSE:AMP) recently. Colin Moore, EVP & Global CIO let go of $2,611,676 worth of shares at an average price of $129.08 on March 31st. Moore now owns $7,139,931 of stock per an SEC filing yesterday. Executive VP and GC Karen Wilson Thissen sold 535 shares at an average price of $131.17 on Wed the 22nd. The Executive VP and GC now owns $698,349 of the stock as reported to the SEC.
Randy Kupper, EVP disclosed the sale of 3,327 shares. The shares were purchased at an average price of $129.71. Kupper now owns $2,814,188 of the stock per the Form 4 SEC filing.
Here are a few additional firms who have increased or decreased their stake in (AMP). As of the end of the quarter Cullinan Associates Inc had disposed of a total of 5,900 shares trimming its stake by 19.7%. The value of the company’s investment in Ameriprise Financial, Inc. went from $3,323,000 to $3,061,000 a change of $262,000 since the last quarter. Gateway Investment Advisers LLC trimmed its position by shedding 360 shares a decrease of 3.4% as of 06/30/2017. Gateway Investment Advisers LLC now controls 10,137 shares with a value of $1,290,000. The value of the position overall is down by 5.2%.
As of quarter end Creative Planning had bought 107 shares growing its position 1.8%. The value of the total investment in Ameriprise Financial, Inc. decreased from $777,000 to $776,000 decreasing 0.1% for the reporting period. Chicago Trust Co Na augmented its stake by buying 181 shares an increase of 15.1% in the quarter. Chicago Trust Co Na currently owns 1,383 shares worth $176,000. The total value of its holdings increased 12.8%.
On June 30 analysts at RBC Capital started covering AMP setting a rating of “Sector Perform”. On October 14, 2016 the stock rating was rated “Hold” according to a Deutsche Bank report which was a cut from the previous “Buy” rating.
Equity analyst issued its first research report on the stock giving it an initial rating of “Neutral” and establishing a price target of $116.00. July 28 investment analysts at Deutsche Bank held the company rating at “Buy” and raised the price target to $112.00 from $106.00.
On July 25 the company was changed to a “Sector Perform” by RBC Capital which is down from the previous “” rating. On July 7 Deutsche Bank maintained a stock rating of “” but moved down the price target from $128.00 to $106.00.
In the market the company is trading up by 1.42% since yesterday’s close of $131.44. Ameriprise Financial, Inc. declared a dividend for shareholders paid on Friday the 19th of May 2017. The dividend was $0.830 per share for the quarter which is $3.32 annualized. The dividend yield was $2.53. The ex-dividend date was Thursday the 4th of May 2017.
Ameriprise Financial, Inc.’s P/E ratio is 16.23 and market cap is 20.32B. As of the latest earnings report the EPS was $8.22 and is estimated to be $10.88 for the current year with 152,453,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $2.71 with next year’s EPS projected to be $12.07.
Ameriprise Financial, Inc., launched on September 29, 1983, is a diversified 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. The retail products and services that use the Ameriprise Financial brand include those that the Company provides through its advisors (financial planning, investment advisory accounts and retail brokerage services) and products and services that the Company markets directly to consumers or through affinity groups (personal auto and home insurance). The Company uses its RiverSource brand for its annuity and protection products issued by the RiverSource Life companies, including its life and disability income insurance products. The Business’s asset management solutions are represented by the brand, Columbia Threadneedle Investments..