Momentum Is Strong For Ameriprise Financial Inc (NYSE: AMP)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NYSE-listed company operates within the Asset Management industry segment, falling under the Financial sector. The current market capitalization of Ameriprise Financial Inc is $43.66B. A total of 0.53 million shares were traded on the day, compared to an average of 469.73K shares.

In the most recent transaction, Sharpe Robert Francis JR sold 1,500 shares of AMP for 438.07 per share on May 16 ’24. After the transaction, the Director now owns 11,000 company shares. In a previous transaction on Mar 27 ’24, Alvero Gumer sold 1,652 shares at 437.00 per share. AMP shares that PRESIDENT-INSURANCE&ANNUITIES owns now total 6,994.

Among the insiders who sold shares, Brockman Dawn M. disposed of 224 shares on Mar 26 ’24 at a per-share price of $434.13. This resulted in the SVP AND CONTROLLER holding 1,288 shares of AMP after the transaction. In another insider transaction, TRUSCOTT WILLIAM F sold 8,000 shares at $412.05 per share on Feb 28 ’24. Company shares held by the CEO, GLOBAL ASSET MANAGEMENT now total 13,134.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Ameriprise Financial Inc pays an annual dividend of $5.53, resulting in a dividend yield of 1.26%, and it has a price to earnings (P/E) ratio of 15.06. AMP’s most recent ex-dividend date was 8/5/2024 when it declared a $1.48 quarterly dividend that was paid in cash on 8/16/2024. Previously, the company paid the dividend on 5/17/2024 with an ex-dividend date of 5/3/2024. The AMP stock dividend was $1.48 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, AMP has a high of $449.94 and a low of $306.63.

As of this writing, AMP has an earnings estimate of $8.89 per share for the current quarter. EPS was calculated based on a consensus of 11.0 estimates, with a high estimate of $9.24 per share and a lower estimate of $8.49. The company reported an EPS of $6.96 in the last quarter

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. AMP’s latest balance sheet shows that the firm has $39.30B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $48.96, while its Total Shareholder’s Equity was $5.94B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AMP is Buy with a score of 3.92.

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