Ameriprise Financial (AMP) was Reiterated by RBC Capital Mkts to “Outperform” while Lowering the Price Target of the company shares to $ 121 from a previous price target of $122 . RBC Capital Mkts advised their investors in a research report released on Apr 28, 2016.
On the company’s financial health, Ameriprise Financial reported $2.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus of $2.18. The company had revenue of $2788.00 million for the quarter, compared to analysts expectations of $2853.16 million. The company’s revenue was down -3.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.18 EPS.
Ameriprise Financial opened for trading at $99.79 and hit $101.43 on the upside on Wednesday, eventually ending the session at $101.07, with a gain of 0.83% or 0.83 points. The heightened volatility saw the trading volume jump to 11,04,190 shares. Company has a market cap of $17,078 M.
In a different news, on Feb 3, 2016, H Jay Sarles (director) purchased 2,000 shares at $89.52 per share price. According to the SEC, on Aug 13, 2015, Blixt Dianne Neal (director) purchased 800 shares at $122.96 per share price. On Jun 25, 2015, Joseph Edward Sweeney (Pres-AWM Products & Services) sold 9,042 shares at $129.40 per share price, according to the Form-4 filing with the securities and exchange commission.
Ameriprise Financial Inc. (Ameriprise Financial) is a holding company primarily engaged in business through its subsidiaries. Ameriprise Financial is a diversified financial services company that offers financial solutions to individual and institutional clients. The Company operates in four segments: Advice & Wealth Management Asset Management Annuities and Protection. The Advice & Wealth Management segment provides financial planning and advice as well as full-service brokerage services primarily to retail clients through advisors. The Asset Management segment provides investment advice and investment products to retail high net worth and institutional clients on a global scale through Columbia Management and Threadneedle. The Annuities segment provides variable and fixed annuity products of RiverSource Life companies to individual clients. The Protection segment offers a variety of products to address the protection and risk management needs of retail clients.