Ameriprise Financial Inc. Reaches New 12-Month High at $115.72 (AMP)
Ameriprise Financial (NYSE:AMP) set a new 52-week high on Monday, AnalystRatingsNetwork reports. The company traded as high as $115.72 and last traded at $113.58, with a volume of 1,552,009 shares. The stock had previously closed at $113.90.
A number of research firms have recently commented on AMP. Analysts at UBS AG reiterated a “buy” rating on shares of Ameriprise Financial in a research note to investors on Monday. They now have a $125.00 price target on the stock, up previously from $110.00. Separately, 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. Finally, 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. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Ameriprise Financial currently has an average rating of “Buy” and a consensus target price of $109.30.
In other Ameriprise Financial news, Insider David Kent Stewart sold 1,000 shares of Ameriprise Financial stock in a transaction that occurred on Tuesday, December 31st. The stock was 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Ameriprise Financial has a one year low of $63.59 and a one year high of $115.36. The stock has a 50-day moving average of $109.2 and a 200-day moving average of $95.05. The company has a market cap of $22.100 billion and a price-to-earnings ratio of 16.79.
Ameriprise Financial (NYSE:AMP) last released its earnings data 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 previous year, the company posted $1.32 earnings per share. The company’s revenue for the quarter 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.
Ameriprise Financial, Inc (NYSE:AMP) is a holding company primarily engaged in business through its subsidiaries.
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