Ameriprise Financial Inc (NYSE: AMP) has experienced a decline in its stock price by -3.12 compared to its previous closing price of 520.47. However, the company has seen a fall of -3.30% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-24 that Ameriprise Financial, Inc. (NYSE:AMP ) Q3 2024 Earnings Call Transcript October 24, 2024 9:00 AM ET Company Participants Alicia Charity – Senior Vice President, Investor Relations Jim Cracchiolo – Chairman and Chief Executive Officer Walter Berman – Chief Financial Officer Conference Call Participants Suneet Kamath – Jefferies Alex Blostein – Goldman Sachs Wilma Burdis – Raymond James Steven Chubak – Wolfe Research Craig Siegenthaler – Bank of America Thomas Gallagher – Evercore ISI Kenneth Lee – RBC Capital Markets Ryan Krueger – KBW Michael Cyprus – Morgan Stanley John Barnidge – Piper Sandler Brennan Hawken – UBS Operator Welcome to the Q3 2024 Earnings Call. My name is Audra and I will be your operator for today’s call.
Is It Worth Investing in Ameriprise Financial Inc (NYSE: AMP) Right Now?
The price-to-earnings ratio for Ameriprise Financial Inc (NYSE: AMP) is 19.36x, which is above its average ratio. Moreover, the 36-month beta value for AMP is 1.34. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 3 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for AMP is 98.01M and currently, short sellers hold a 1.29% of that float. On October 25, 2024, AMP’s average trading volume was 441.74K shares.
AMP’s Market Performance
AMP’s stock has seen a -3.30% decrease for the week, with a 8.88% rise in the past month and a 14.71% gain in the past quarter. The volatility ratio for the week is 1.59%, and the volatility levels for the past 30 days are at 1.55% for Ameriprise Financial Inc The simple moving average for the last 20 days is 1.30% for AMP’s stock, with a simple moving average of 17.48% for the last 200 days.
Analysts’ Opinion of AMP
Many brokerage firms have already submitted their reports for AMP stocks, with Goldman repeating the rating for AMP by listing it as a “Neutral.” The predicted price for AMP in the upcoming period, according to Goldman is $476 based on the research report published on September 26, 2024 of the current year 2024.
Evercore ISI gave a rating of “In-line” to AMP, setting the target price at $400 in the report published on January 04th of the current year.
AMP Trading at 8.36% from the 50-Day Moving Average
After a stumble in the market that brought AMP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.94% of loss for the given period.
Volatility was left at 1.55%, however, over the last 30 days, the volatility rate increased by 1.59%, as shares surge +7.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.09% upper at present.
During the last 5 trading sessions, AMP fell by -3.30%, which changed the moving average for the period of 200-days by +34.13% in comparison to the 20-day moving average, which settled at $497.72. In addition, Ameriprise Financial Inc saw 32.75% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AMP starting from Davies William, who sale 8,700 shares at the price of $442.07 back on Aug 30 ’24. After this action, Davies William now owns 13,199 shares of Ameriprise Financial Inc, valued at $3,846,009 using the latest closing price.
William Davies, the Officer of Ameriprise Financial Inc, proposed sale 8,700 shares at $442.07 during a trade that took place back on Aug 30 ’24, which means that William Davies is holding shares at $3,846,009 based on the most recent closing price.
Stock Fundamentals for AMP
Current profitability levels for the company are sitting at:
- 0.25 for the present operating margin
- 0.51 for the gross margin
The net margin for Ameriprise Financial Inc stands at 0.13. The total capital return value is set at 0.03. Equity return is now at value 56.75, with 1.54 for asset returns.
Based on Ameriprise Financial Inc (AMP), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 1.72. The debt to equity ratio resting at 0.63. The interest coverage ratio of the stock is 17.32.
Currently, EBITDA for the company is -154.0 million with net debt to EBITDA at -1.61. When we switch over and look at the enterprise to sales, we see a ratio of 2.44. The receivables turnover for the company is 1.18for trailing twelve months and the total asset turnover is 0.09.
Conclusion
To wrap up, the performance of Ameriprise Financial Inc (AMP) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
