Ameriprise Financial (AMP) was Initiated by Credit Suisse to “Neutral”. Credit Suisse advised their investors in a research report released on Oct 7, 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 .
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 $101.21 and hit $101.96 on the upside on Tuesday, eventually ending the session at $101.03, with a gain of 0.20% or 0.2 points. The heightened volatility saw the trading volume jump to 9,20,590 shares. Company has a market cap of $16,308 M.
In a different news, on Sep 27, 2016, Randy Kupper (EVP Technology and CIO) sold 4,129 shares at $100.81 per share price. According to the SEC, on Sep 9, 2016, John Carl Junek (Exec VP and General Counsel) sold 4,683 shares at $100.29 per share price. On Sep 9, 2016, John Robert Woerner (Pres Ins & Chief Strat Officer) sold 4,513 shares at $100.71 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.