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In the latest session, Ameriprise Financial Inc (NYSE: AMP) closed at $429.05 down -3.76% from its previous closing price of $445.80. In other words, the price has decreased by -$3.76 from its previous closing price. On the day, 1.06 million shares were traded. AMP stock price reached its highest trading level at $440.04 during the session, while it also had its lowest trading level at $428.22.
Ratios:
For a deeper understanding of Ameriprise Financial Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.91 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.20. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 16 ’24 when Sharpe Robert Francis JR sold 1,500 shares for $438.07 per share. The transaction valued at 657,101 led to the insider holds 11,000 shares of the business.
Alvero Gumer sold 1,652 shares of AMP for $721,930 on Mar 27 ’24. The PRESIDENT-INSURANCE&ANNUITIES now owns 6,994 shares after completing the transaction at $437.00 per share. On Mar 26 ’24, another insider, Brockman Dawn M., who serves as the SVP AND CONTROLLER of the company, sold 224 shares for $434.13 each. As a result, the insider received 97,245 and left with 1,288 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 42615345152 and an Enterprise Value of 39301357568. As of this moment, Ameriprise’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.60, and their Forward P/E ratio for the next fiscal year is 11.18. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.83. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.56 while its Price-to-Book (P/B) ratio in mrq is 8.76. Its current Enterprise Value per Revenue stands at 2.371.
Stock Price History:
The Beta on a monthly basis for AMP is 1.37, which has changed by 0.21726668 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, AMP has reached a high of $449.94, while it has fallen to a 52-week low of $306.63. The 50-Day Moving Average of the stock is -0.72%, while the 200-Day Moving Average is calculated to be 9.61%.
Shares Statistics:
For the past three months, AMP has traded an average of 458.31K shares per day and 417260 over the past ten days. A total of 100.17M shares are outstanding, with a floating share count of 99.14M. Insiders hold about 0.18% of the company’s shares, while institutions hold 86.09% stake in the company. Shares short for AMP as of 1719532800 were 1077729 with a Short Ratio of 2.35, compared to 1717113600 on 919771. Therefore, it implies a Short% of Shares Outstanding of 1077729 and a Short% of Float of 1.25.
Dividends & Splits
According to the company, the forward annual dividend rate for AMP is 5.53, from 5.4 in the trailing year. Against a Trailing Annual Dividend Yield of 0.012113056The stock’s 5-year Average Dividend Yield is 1.89.
