Ameriprise Financial (AMP) was Downgraded by RBC Capital Mkts to ” Sector Perform” while Lowering the Price Target of the company shares to $ 98 from a previous price target of $121 . Earlier the firm had a rating of “Outperform ” on the company shares. RBC Capital Mkts advised their investors in a research report released on Jul 25, 2016.
Many Wall Street Analysts have commented on Ameriprise Financial. Shares were Downgraded by RBC Capital Mkts on Jul 25, 2016 to ” Sector Perform” and Lowered the Price Target to $ 98 from a previous price target of $121 .Shares were Reiterated by RBC Capital Mkts on Apr 28, 2016 to “Outperform” and Lowered the Price Target to $ 121 from a previous price target of $122 .
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 $96.82 and hit $96.82 on the upside on Wednesday, eventually ending the session at $96.5, with a gain of 0.12% or 0.12 points. The heightened volatility saw the trading volume jump to 7,66,859 shares. Company has a market cap of $16,001 M.
In a different news, on Jun 30, 2016, Lon R Greenberg (director) purchased 3,900 shares at $88.18 per share price. According to the SEC, on Jun 2, 2016, Kelli A Hunter (Exec VP of Human Resources) sold 3,486 shares at $102.07 per share price. On May 18, 2016, William F Truscott (CEO, Global Asset Management) sold 10,300 shares at $95.98 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.