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Ameriprise Financial Inc (NYSE: AMP) closed the day trading at $410.91 down -0.47% from the previous closing price of $412.86. In other words, the price has decreased by -$0.47 from its previous closing price. On the day, 0.6 million shares were traded. AMP stock price reached its highest trading level at $412.443 during the session, while it also had its lowest trading level at $401.69.
Ratios:
For a better understanding of AMP, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.71 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.96. In the meantime, Its Debt-to-Equity ratio is 1.17 whereas as Long-Term Debt/Eq ratio is at 1.13.
On January 04, 2024, Evercore ISI Downgraded its rating to In-line which previously was Outperform and also upped its target price recommendation from $385 to $400.
Goldman Upgraded its Neutral to Buy on January 03, 2024, whereas the target price for the stock was revised from $355 to $452.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 27 ’24 when Alvero Gumer sold 1,652 shares for $437.00 per share. The transaction valued at 721,930 led to the insider holds 6,994 shares of the business.
Brockman Dawn M. sold 224 shares of AMP for $97,245 on Mar 26 ’24. The SVP AND CONTROLLER now owns 1,288 shares after completing the transaction at $434.13 per share. On Feb 28 ’24, another insider, TRUSCOTT WILLIAM F, who serves as the CEO, GLOBAL ASSET MANAGEMENT of the company, sold 8,000 shares for $412.05 each. As a result, the insider received 3,296,360 and left with 13,134 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AMP now has a Market Capitalization of 41169485824 and an Enterprise Value of 37454635008. As of this moment, Ameriprise’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.99, and their Forward P/E ratio for the next fiscal year is 10.79. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.79. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.48 while its Price-to-Book (P/B) ratio in mrq is 8.70. Its current Enterprise Value per Revenue stands at 2.26.
Stock Price History:
Over the past 52 weeks, AMP has reached a high of $440.67, while it has fallen to a 52-week low of $279.85. The 50-Day Moving Average of the stock is -1.48%, while the 200-Day Moving Average is calculated to be 11.86%.
Shares Statistics:
Over the past 3-months, AMP traded about 492.65K shares per day on average, while over the past 10 days, AMP traded about 670400 shares per day. A total of 100.17M shares are outstanding, with a floating share count of 99.92M. Insiders hold about 0.27% of the company’s shares, while institutions hold 85.52% stake in the company. Shares short for AMP as of 1713139200 were 830983 with a Short Ratio of 1.69, compared to 1710460800 on 970857. Therefore, it implies a Short% of Shares Outstanding of 830983 and a Short% of Float of 0.9599999499999999.
Dividends & Splits
AMP’s forward annual dividend rate is 5.40, up from 5.4 a year ago. Against a Trailing Annual Dividend Yield of 0.013079495The stock’s 5-year Average Dividend Yield is 1.95.
