Ameriprise Financial (NYSE:AMP) issued its quarterly earnings results on Wednesday. The financial services provider reported $2.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.94 by ($0.30), MarketWatch Earnings reports. The business had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Ameriprise Financial had a return on equity of 34.99% and a net margin of 20.32%. The business’s revenue for the quarter was down 14.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.06 EPS.
Shares of NYSE AMP opened at $153.63 on Friday. Ameriprise Financial has a twelve month low of $80.01 and a twelve month high of $180.85. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.56. The stock has a fifty day simple moving average of $149.89 and a 200-day simple moving average of $139.41. The stock has a market capitalization of $18.60 billion, a PE ratio of 8.03 and a beta of 1.85.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Monday, August 10th will be paid a $1.04 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 2.71%. Ameriprise Financial’s payout ratio is presently 25.84%.
Ameriprise Financial Company Profile
Ameriprise Financial, Inc, through its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through five segments: Advice & Wealth Management, Asset Management, Annuities, Protection, and Corporate & Other.
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