Ameriprise Financial EVP Sells $185,880 in Stock (AMP)
Ameriprise Financial (NYSE:AMP) EVP Deirdre Davey Mcgraw sold 2,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $92.94, for a total transaction of $185,880.00. Following the sale, the executive vice president now directly owns 20,261 shares in the company, valued at approximately $1,883,057. The sale was disclosed in a filing with the SEC, which is available at this link.
AMP has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Ameriprise Financial (NYSE:AMP) in a research note to investors on Thursday, September 19th. They now have a $98.00 price target on the stock. Separately, 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. Finally, 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.
Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $93.70.
Ameriprise Financial (NYSE:AMP) traded down 0.38% on Tuesday, hitting $91.00. The stock had a trading volume of 1,129,584 shares. Ameriprise Financial has a one year low of $55.35 and a one year high of $94.45. The stock has a 50-day moving average of $89.37 and a 200-day moving average of $81.69. The company has a market cap of $18.004 billion and a P/E ratio of 16.01.
Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings data 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. On average, analysts predict that Ameriprise Financial will post $6.67 earnings per share for the current fiscal year.
Ameriprise Financial, Inc (NYSE:AMP) is a holding company primarily engaged in business through its subsidiaries.
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