Insider Selling: David Kent Stewart Sells 1,000 Shares of Ameriprise Financial Stock (AMP)
Ameriprise Financial (NYSE:AMP) Insider David Kent Stewart sold 1,000 shares of Ameriprise Financial stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $115.12, for a total transaction of $115,120.00. Following the sale, the insider now directly owns 15,543 shares in the company, valued at approximately $1,789,310. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Ameriprise Financial (NYSE:AMP) traded up 0.14% on Friday, hitting $114.04. The stock had a trading volume of 728,500 shares. Ameriprise Financial has a 52 week low of $63.59 and a 52 week high of $115.36. The stock’s 50-day moving average is $108.9 and its 200-day moving average is $94.83. The company has a market cap of $22.185 billion and a price-to-earnings ratio of 16.79.
Ameriprise Financial (NYSE:AMP) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $1.91 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.70 by $0.21. The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter in the prior year, the company posted $1.32 earnings per share. The company’s quarterly revenue was up 14.0% on a year-over-year basis. On average, analysts predict that Ameriprise Financial will post $6.97 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Sandler O’Neill raised their price target on shares of Ameriprise Financial from $104.00 to $114.00 in a research note to investors on Friday, December 20th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Ameriprise Financial in a research note to investors on Thursday, December 19th. They now have a $117.00 price target on the stock. Finally, analysts at Ameriprise Financial raised their price target on shares of Ameriprise Financial from $111.00 to $130.00 in a research note to investors on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $107.80.
Ameriprise Financial, Inc (NYSE:AMP) is a holding company primarily engaged in business through its subsidiaries.
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