Company Update (NYSE:AMP): Ameriprise Financial Reports Fourth Quarter and Full Year 2015 Results

[Business Wire] – Ameriprise Financial, Inc. today reported fourth quarter 2015 net income of $357 million, or $2.00 per diluted share. Operating earnings were $441 million, with operating earnings per diluted share increasing to $2.47, up 7 percent. Read more on this. Ameriprise Financial, Inc. (AMP) , currently valued at $15.86B, opened this morning at $91.84. Looking at today’s market, AMP one day range is $90.73 to $94.72 and has traded between $89.00 and $138.26 over the past year. Priced at 10.00x this year’s forecasted earnings, AMP shares are relatively expensive compared to the industry ’s 9.91x forward p/e ratio. And for passive income investors, the company pays shareholders $2.68 per share annually in dividends, yielding 2.87%. In a review of the consensus earnings estimate this quarter, 11 sell-side analysts are looking at $2.35 per share, which would be $0.05 better than the year-ago quarter and a $0.01 sequential decrease. The full-year EPS estimate is $9.24, which would be a $0.72 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.00 Billion. If realized, that would be a 2.91% decrease over the year-ago quarter. More recently, Wells Fargo downgraded AMP from Outperform to Market Perform (Jan 13, 2016). Previously, Credit Suisse upgraded AMP from Neutral to Outperform. With the above information in mind, readers should note that the average price target is $128.50, which is 39.92% above where the stock opened this morning. See more in (NYSE:AMP) Similar Articles: Company Update (NYSE:USB): U.S. Bancorp Reports Fourth Quarter and Full Year 2015 Earnings Company Update: Ameriprise Financial Inc (NYSE:AMP) – Ameriprise Financial Chairman and Chief Executive Officer to Present at the Goldman Sachs US Financial Services Conference Market Update (NYSE:AMP): Ameriprise Financial Debuts New Brand Platform Encouraging Consumers to “Be Brilliant” – Achieve Financial Confidence in Next Chapter of Life