Ameriprise Financial COO Charles Neal Maglaque Sells 2,541 Shares (AMP)
Ameriprise Financial (NYSE:AMP) COO Charles Neal Maglaque sold 2,541 shares of Ameriprise Financial stock on the open market in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $90.66, for a total transaction of $230,367.06. Following the completion of the transaction, the chief operating officer now directly owns 17,275 shares in the company. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on AMP. Analysts at Barclays Capital downgraded shares of Ameriprise Financial (NYSE:AMP) from an “overweight” rating to an “equal weight” rating in a research note to investors on Wednesday, September 4th. They now have a $96.00 price target on the stock, down previously from $102.00. Separately, analysts at Citigroup Inc. downgraded shares of Ameriprise Financial (NYSE:AMP) from a “buy” rating to a “neutral” rating in a research note to investors on Monday, August 5th. They now have a $97.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Goldman Sachs Group Inc. raised their price target on shares of Ameriprise Financial (NYSE:AMP) to $100.00 in a research note to investors on Thursday, July 25th. They now have a “buy” rating on the stock.
Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $92.00.
Shares of Ameriprise Financial (NYSE:AMP) traded down 0.63% during mid-day trading on Thursday, hitting $90.39. 611,947 shares of the company’s stock traded hands. Ameriprise Financial has a one year low of $55.35 and a one year high of $91.22. The stock has a 50-day moving average of $88.57 and a 200-day moving average of $80.24. The company has a market cap of $17.884 billion and a price-to-earnings ratio of 15.94.
Ameriprise Financial (NYSE:AMP) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $1.69 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.62 by $0.07. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter last year, the company posted $1.39 earnings per share. Ameriprise Financial’s revenue was up 7.4% compared to the same quarter last year. Analysts expect that Ameriprise Financial will post $6.67 EPS for the current fiscal year.
Ameriprise Financial, Inc (NYSE:AMP) is a holding company primarily engaged in business through its subsidiaries.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.