Technicals Say Ameriprise Financial Inc. (AMP) Is Worth Holding

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As of Wednesday close, Ameriprise Financial Inc.’s (NYSE:AMP) stock was up $2.18, moving up 0.66 percent to $332.60. The average number of shares traded per day over the past five days has been 571,700 shares. 4 times new highs have been achieved over the past 5 days, with a $11.88 gain in that time frame. In the last twenty days, the average volume was 649,245, while in the previous 50 days, it was 608,628.

Since last month, AMP stock rose 19.53%. Shares of the company fell to $268.35 on 10/24/22, the lowest level in the past month. A 52-week high of $339.41 was reached on 11/11/22 after having rallying from a 52-week low of $219.99. Since the beginning of this year, AMP’s stock price has risen by 10.26% or $30.94, and marked a new high 8 times. However, the stock has declined by -2.01% since its 52-week high.


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AMP stock investors should be aware that Ameriprise Financial Inc. (AMP) stock had its last reported insider trading activity 9 days ago on Nov 15. Smyth Gerard P., the EVP TECHNOLOGY AND CIO of the company, disposed of 4,129 shares for $324.66 on Nov 15. It resulted in a $1,340,534 divestment by the insider. Berman Walter Stanley sold 11,983 shares at an average price of $327.81 on Nov 15. The insider now owns 10,751 shares following the transaction. On Aug 26, Director Sharpe Robert Francis JR sold 1,000 shares at $277.01 apiece. The transaction was valued at $277,007.

Valuation Metrics

Right now, Ameriprise Financial Inc. (AMP) has a P/E ratio of about 13.86. The stock’s beta is 1.47. Besides these, the trailing price-to-sales (P/S) ratio of 2.40, the price-to-book (PB) ratio of 11.28, and the price-to-cash flow ratio of 8.54 may also be considered.

The latest dividend of $1.25 per share was paid out, remained unchanged from last year’s $1.25. On Monday April 25 2022, a $0.12 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.60, and the total debt-to-equity ratio was 10.30. On the profitability front, the trailing twelve-month gross margin is 53.60% percent. In the year ended September 29, operating margins totaled 25.00%. Based on annual data, AMP earned $3.54 billion in gross profit and brought in $13.43 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.50%. Return on equity (ROE) for the past 12 months was 60.60%.

In Ameriprise Financial Inc.’s quarter-end financial report for September 29, it reported total debt of $2.83 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. AMP’s revenue rose 17.56% to $3.42 billion during the quarter, while net income inched up to $3.65 billion. While analysts expected Ameriprise Financial Inc. to report $5.85 quarterly earnings, the actual figure was $6.43 per share, beating the consensus estimate by 9.90%. During the quarter, the company generated $887.0 million in EBITDA. The value of shareholders’ equity is $106.42 million.

Technical Picture

This quick technical analysis looks at Ameriprise Financial Inc.’s (AMP) price momentum. With a historical volatility rate of 23.87%, the RSI 9-day stood at 68.10% on 23 November.

With respect to its five-day moving average, the current Ameriprise Financial Inc. price is up by +3.70% percent or $11.88. At present, AMP shares trade +13.71% above its 20-day simple moving average and +41.35% percent above its 100-day simple moving average. However, the stock is currently trading approximately +19.66% above its SMA50 and +5.48% above its SMA200.

Stochastic coefficient K was 72.71% and Stochastic coefficient D was 68.90%, while ATR was 7.85. Given the Stochastic reading of 77.54% for the 14-day period, the RSI (14) reading has been calculated as 66.62%. As of today, the MACD Oscillator reading stands at 3.48, while the 14-day reading stands at 5.75.

Analyst Ratings

BofA Securities launched its rating on Ameriprise Financial Inc. (NYSE: AMP) to a Buy in a note to investors on September 07, 2022. Ameriprise Financial Inc. (AMP) has been rated Overweight by analysts. According to 1 brokerage firm, AMP is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Ameriprise Financial Inc. stock as buy, with 10 recommending it as overweight.

With a median target price of $340.00, the current consensus forecast for the stock is $287.00 – $380.00. Based on these forecasts, analysts predict Ameriprise Financial Inc. (AMP) will achieve an average price target of $337.73.

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