Ameriprise Financial Reaches New 1-Year High at $117.91 (AMP)
Ameriprise Financial (NYSE:AMP)’s share price reached a new 52-week high during trading on Friday , Analyst Ratings Network.com reports. The stock traded as high as $117.91 and last traded at $117.84, with a volume of 487,228 shares changing hands. The stock had previously closed at $115.79.
A number of research firms have recently commented on AMP. Analysts at Credit Suisse raised their price target on shares of Ameriprise Financial from $115.00 to $117.00 in a research note on Tuesday, April 29th. Separately, analysts at Morgan Stanley cut their price target on shares of Ameriprise Financial from $130.00 to $5.00 in a research note on Tuesday, April 29th. They now have an “overweight” rating on the stock. Finally, analysts at Morgan Stanley upgraded shares of Ameriprise Financial from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, April 2nd. They now have a $135.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $102.80.
The stock has a 50-day moving average of $110.2 and a 200-day moving average of $109.4. The company has a market cap of $22.413 billion and a price-to-earnings ratio of 16.86.
Ameriprise Financial (NYSE:AMP) last posted its quarterly earnings results on Monday, April 28th. The company reported $2.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.03 by $2.01. The company had revenue of $3.00 billion for the quarter, compared to the consensus estimate of $678.13 million. During the same quarter last year, the company posted $1.59 earnings per share. Ameriprise Financial’s revenue was up 11.3% compared to the same quarter last year. Analysts expect that Ameriprise Financial will post $8.18 EPS for the current fiscal year.
In other Ameriprise Financial news, CEO James M. Cracchiolo unloaded 72,445 shares of Ameriprise Financial stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $112.75, for a total value of $8,168,173.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Ameriprise Financial, Inc (NYSE:AMP) is a holding company primarily engaged in business through its subsidiaries.
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