Ameriprise Financial (NYSE:AMP – Get Free Report) released its quarterly earnings results on Wednesday. The financial services provider reported $8.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.53 by $0.19, Briefing.com reports. The firm had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.24 billion. Ameriprise Financial had a return on equity of 75.97% and a net margin of 19.42%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the business posted $7.44 EPS.
Ameriprise Financial Trading Up 3.1 %
AMP traded up $13.26 on Thursday, reaching $437.51. 160,685 shares of the company’s stock were exchanged, compared to its average volume of 484,948. Ameriprise Financial has a twelve month low of $306.63 and a twelve month high of $449.94. The company’s 50 day moving average is $431.72 and its 200-day moving average is $417.11. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.56 and a current ratio of 0.56. The company has a market cap of $43.45 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 0.66 and a beta of 1.37.
Ameriprise Financial Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Monday, August 5th will be issued a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.35%. Ameriprise Financial’s payout ratio is currently 20.15%.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on Ameriprise Financial
Insider Buying and Selling at Ameriprise Financial
In other news, Director Robert Francis Sharpe, Jr. sold 1,500 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $438.07, for a total value of $657,105.00. Following the transaction, the director now owns 11,000 shares of the company’s stock, valued at approximately $4,818,770. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.73% of the stock is currently owned by corporate insiders.
Ameriprise Financial Company Profile
Ameriprise Financial, Inc, together with its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through four segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other.
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