Ameriprise Financial (AMP) Announces Quarterly Results
Ameriprise Financial (NYSE:AMP) released its earnings data on Tuesday. The company reported $2.08 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.01 by $0.07, AnalystRatingsNetwork reports. The company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter in the prior year, the company posted $1.69 earnings per share. The company’s quarterly revenue was up 11.7% on a year-over-year basis.
Ameriprise Financial (NYSE:AMP) traded down 0.54% during mid-day trading on Tuesday, hitting $120.84. The stock had a trading volume of 705,497 shares. Ameriprise Financial has a one year low of $85.24 and a one year high of $123.30. The stock’s 50-day moving average is $120.1 and its 200-day moving average is $112.0. The company has a market cap of $22.945 billion and a P/E ratio of 17.69.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 22nd. Investors of record on Monday, August 11th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.92%.
AMP has been the subject of a number of recent research reports. Analysts at Sterne Agee reiterated a “neutral” rating on shares of Ameriprise Financial in a research note on Thursday, July 17th. They now have a $128.00 price target on the stock, up previously from $126.00. On the ratings front, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Ameriprise Financial in a research note on Wednesday, July 9th. They now have a $125.00 price target on the stock, up previously from $120.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Ameriprise Financial in a research note on Thursday, June 19th. They now have a $124.00 price target on the stock. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $109.10.
Ameriprise Financial, Inc (NYSE:AMP) is a holding company primarily engaged in business through its subsidiaries.
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