Shares of AMP fell by 0.25% or $-0.12/share to $47.80. Ameriprise Financial Inc. is trading at a price to book ratio of 1.1. This indicates that the shares are relatively cheap compared to book value which means the market is pricing in going concern value. The PEG is 0.7 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 1.11. Thus, the company is not very expensive in terms of its sales. On average, 2225060 shares of AMP exchange hands on a given day and today's volume is recorded at 3351653. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.
Ameriprise Financial, Inc. (Ameriprise Financial) is a holding company primarily engaged in business through its subsidiaries.
